The Rs 69.81 crore IPO received an enthusiastic response, getting oversubscribed 42.70 times overall. Retail investors subscribed 47.85 times, while HNIs and QIBs saw bids at 43.19x and 31.16x, respectively — reflecting solid interest across the board.
Kaytex Fabrics, which offers fast-fashion fabrics and garments under brands like Rasiya, Kaytex, and Darbaar-e-Khaas, plans to use the IPO proceeds to expand its warehouse and sales office in Amritsar, invest in advanced processing machinery, and meet working capital needs.
With a strong order book, diversified customer base, and FY25 PAT of Rs 16.9 crore on revenue of Rs 153.2 crore, the company enters the market at a P/E of 15.65x on post-issue earnings, and a market cap of around Rs 264 crore.
Analysts expect a steady listing, with upside limited by valuation concerns flagged in the IPO note — though strong retail participation and modest GMP suggest some room for early-day gains.
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