Cedaar Textiles Ltd IPO
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Cedaar Textiles Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 43.5 L | TBA | TBA | TBA | DBC | TBA |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 30 Jun, 25 | 02 Jul, 25 | 1000 | TBA | Book Building - SME | TBA |
Cedaar Textiles Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Textiles - Spinning - Synthetic |
| Sub Sector | Blended |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 0 |
| NII | 0x | 0 | 0 |
| Retail | 0x | 0 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 4350000 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Cedaar Textiles Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 18.66 | 9.74 | 12.09 |
| EBITDA | 22.33 | 13.04 | 15.01 |
| PAT | 11.05 | 4.59 | 7.99 |
| Total Assets | 118.61 | 100.29 | 82.67 |
| Share Capital | 7.50 | 0.25 | 0.25 |
| Total Borrowings | 120.65 | 115.16 | 105.29 |
| Operating Activities (Net Cash) | 14.72 | 7.89 | 10.91 |
| Investing Activities (Net Cash) | -0.02 | -0.14 | -0.72 |
| Financing Activities (Net Cash) | 120.65 | 115.16 | 105.29 |
| Net Cashflow | 6.69 | 10.25 | 10.23 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Cedaar Textiles Ltd
Our Company was incorporated as a private limited company namely Cedaar Textile Private Limited under the Companies Act, 2013 vide certificate of incorporation dated 28/09/2020 issued by Registrar of Companies, ROC Bangalore bearing registration no. 139070. Further, Our Company was converted into a Public Limited Company in pursuance of a special resolution passed by the members of our Company at the Extra Ordinary General Meeting held on April 30,2024. A fresh Certificate of Incorporation consequent to conversion was issued on August 23, 2024 by the Registrar of Companies, CPC and consequently, the name of our Company was changed from Cedaar Textile Private Limited to Cedaar Textile Limited. As on date of this Red Herring Prospectus, the Corporate Identification Number of our Company is U17299KA2020PLC139070.
India's textiles sector is one of the oldest industries in the Indian economy, dating back to several centuries. The industry is extremely varied, with hand-spun and hand-woven textiles sectors at one end of the spectrum, with the capitalintensive sophisticated mills sector at the other end. The fundamental strength of the textile industry in India is its strong production base of a wide range of fibre/yarns from natural fibres like cotton, jute, silk, and wool, to synthetic/manmade fibres like polyester, viscose, nylon and acrylic. The decentralised power looms/ hosiery and knitting sector form the largest component of the textiles sector. The close linkage of textiles industry to agriculture (for raw materials such as cotton) and the ancient culture and traditions of the country in terms of textiles makes it unique in comparison to other industries in the country. India's textiles industry has a capacity to produce a wide variety of products suitable for different market segments, both within India and across the world. In order to attract private equity and employee more people, the government introduced various schemes such as the Scheme for Integrated Textile Parks (SITP), Technology Upgradation Fund Scheme (TUFS) and Mega Integrated Textile Region and Apparel (MITRA) Park scheme.
Our Company offers the widest range of Raw white Yarns, Melange Yarns, Solid Top dyed Yarns, and Grey Fancy Yarns in Cotton, Polyester, Acrylic, Viscose, Tencel, Modal, and other Fibers. All Yarns are being offered with sustainability as the prime focus, in 100% Organic, Recycle Fibers (Polyester & Cotton) for a Green Environment and Conservation of natural resources.
Cedaar Textiles Ltd IPO Key Points
Strengths
- Experienced and Qualified Management and Employee base.
- Strong and Consistent Financial Performance.
- Growing customer base.
- Scalable and reliable business model.
- Experienced Promoters and Senior Management with extensive domain knowledge.
Risk
- Our top ten customers contribute significant portion in the revenue of the Company. Any loss of business from one or more of them may adversely affect our revenues and profitability.
- Our Company has not entered into any long-term contracts with any of its customers and we typically operate on the basis of purchase orders. Inability to maintain regular order flow would adversely impact our revenues and profitability.
- Our business depends on our production facility situated in city of Punjab. Any loss of or shutdown of operations of the production facility on any grounds could adversely affect our business or results of operations.
Strategy
- Maintain the upward trend in financial performance by concentrating on functional and operational efficiencies.
- Increase the Production Capacity and Optimum Use of Resources.
- Energy Cost Saving and Switch to Solar Energy.
- Sustainability and Environment.
- Entering to new Segment of Products.
- Experienced and Qualified Management and Employee base.
- Strong and Consistent Financial Performance.
- Growing customer base.
- Scalable and reliable business model.
- Experienced Promoters and Senior Management with extensive domain knowledge.
How To Apply for Cedaar Textiles Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
