Kaytex Fabrics IPO

About Kaytex Fabrics IPO

The IPO of Kaytex Fabrics Ltd comprises fresh issue and an offer for sale. While the fresh issue is up to 31,99,200 equity shares, aggregating up to ₹54.09 cr, the offer for sale is up to 6,79,200 equity shares, aggregating up to ₹12.23 cr. It’s a 100% book-built offer. The price band is ₹171 to ₹180, and the lot size is 800.

The IPO opens on July 29, 2025, and closes on July 31, 2025. The listing date is on or before August 5, 2025, and the allotment date is on or before August 1, 2025. The credit of shares to the Demat account will take place on or before August 4, 2025, while the initiation of refund will take place on or before August 4, 2025.

The company is a fast-fashion fabric solutions and manufacturing company, combining technology, design, and traditional craftsmanship to deliver textile and fashion products. Kaytex Fabrics Ltd specialises in creating fabrics from a variety of fibres, including cotton, viscose, modal, acrylic, nylon, linen, and polyester. The company’s focus on digital printing allows it to create customisable designs suited to the fast-paced nature of the fashion industry.

Objectives of Kaytex Fabrics Ltd IPO

• Funding capital expenditure for construction of additional warehouse facility in Amritsar
• Funding capital expenditure for construction of dedicated sales office in Amritsar
• Funding capital expenditure towards purchase of advanced fabric processing system for its existing printing, dyeing and processing unit in Amritsar
• Funding its incremental working capital requirements
• General corporate purposes

Industry Outlook

The global digital textile printing market is on a strong growth trajectory, rising from USD 3,884.3 million in CY 2020 to USD 5,670.2 million by CY 2024E at a CAGR of 9.92% and is projected to reach USD 11.67 billion by CY 2030F, up from USD 5.67 billion in CY 2024E, at a CAGR of 12.8%.

The Indian digital textile printing revenue is projected to reach USD 648.4 million in CY 2024E from USD 497.4 million in CY 2020 at a CAGR of 6.85% and it is further projected to reach USD 1,212.3 million by CY 2030F at a CAGR of 11%. This growth can be attributed to several factors, including increasing demand for customised fabrics, rapid advancements in digital textile printing technology, and a growing preference for sustainable and eco-friendly printing methods.

Company Information

Kaytex Fabrics Ltd is a fast-fashion fabric solution and manufacturing company, combining modern technology, creative design, and traditional craftsmanship to deliver high-quality textile and fashion products. It manages the entire process — from yarn to finished fabric production — ensuring consistent quality, cost efficiency, and the ability to quickly adapt to changing market demands.

It specialises in creating fabrics from a variety of fibres, including cotton, viscose, modal, acrylic, nylon, linen, and polyester. Its focus on digital printing allows it to create customizable designs suited to the fast-paced nature of the fashion industry.

Strengths of Kaytex Fabrics IPO

• Single stop solution for customers enabled by an integrated unit with multiple capabilities across digital printing
  
• Early adapter in digital printing technology driving change in the textile market
  
• Cross segment coverage from tier 1 cities to rural and branded to unbranded segments
  
• Well-established distribution network, low customer concentration and long-standing supplier relationships
  
• Healthy financial performance
  
• Experienced management team with proven track record
  

Risks of Kaytex Fabrics IPO

• High Geographic Concentration of Revenue in Northern India
  
• Risks Arising from High Working Capital Requirements and Limited Access to Financing
  
• Vulnerability to Changing Consumer Preferences and Demand Volatility in the Fast Fashion Industry
  
• Risks Associated with Recent Adoption of Digital Textile Printing Technology
  
• Dependence on Key Suppliers and Lack of Long-Term Raw Material Agreements
  

Anchor Investor Bidding Date

Anchor portion of the IPO opens for bidding on July 28, 2025.

IPO Registrar and Book Running Lead Manager

• IPO Registrar: Bigshare Services Pvt Ltd
• Book Running Lead Manager: Socradamus Capital Pvt Ltd

Business Model

A fast-fashion fabric solutions and manufacturing company, Kaytex Fabrics Ltd specialise in creating fabrics from a wide variety of fibres, including cotton, viscose, modal, acrylic, nylon, linen, and polyester. In addition to fabrics, the company has expanded into fashion products in womenswear, offering ready-to-stitch suits, co-ord sets, shawls, scarves and stoles.

The company’s product range includes quality fabrics, ready-to-stitch garments (womenswear), and modern designs that reflect current trends while maintaining quality and skills.

Company Growth Trajectory

Kaytex’s revenue from operations jumped from ₹99.1884 crores in FY 23 to ₹152.7873 crores in FY 25. Its EBITDA margin grew from 12.89% in FY 23 to 19.68% in FY 25, while its PAT margin increased from 5.64% in FY 23 to 11.06% in FY 25. Being an early adapter in digital printing technology coupled with cross segment coverage from tier I cities has helped the company grow over the years.

Market Position

Founded in 1996, Kaytex Fabrics Ltd serves a wide range of clients, from apparel brands to individual consumers. The company has built a strong and efficient distribution network that ensures its products reach customers across various markets, from Tier 1 cities to smaller towns.

This network allows it to serve a wide range of customers, including wholesalers, retailers, and apparel brands, with timely and seamless delivery of fabrics and garments. As of October 31, 2024, the company had 108 distributors in India which was instrumental in an effective supply-chain management and helped augment their sales across geographies.

How to Check Allotment Status of Kaytex Fabrics Ltd?

1. Visit the Registrar’s Website

• Visit the official website of Bigshare Services Pvt Ltd
• Choose ‘IPO Allotment Status’ from ‘Services’
• Click on any one of the servers from the given link
• Choose ‘Name of the Company’ and input either your ‘Application Number’, ‘Beneficiary ID’ or
• ‘PAN No’
• Enter captcha and click on ‘Search’ to know the status

2. Verify on the National Stock Exchange Website

The National Stock Exchange (NSE) has an IPO Bid Verification module. You can use it to check the status of Kaytex Fabrics Ltd. Go to www.nseindia.com and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'.

On the NSE IPO Bid Verification page, enter:

• Company name from dropdown
• Application number
• PAN

Then click 'Submit' to know the allotment status.

How to Apply for Kaytex Fabrics IPO?

• Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Specify IPO details - Enter the number of lots and the price you wish to apply for.
• Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.