Mumbai, June 28, 2025: – Cedaar Textile Limited has successfully completed its anchor book allocation, raising ₹9.52 crore ahead of its upcoming Initial Public Offering (IPO). The anchor book received an enthusiastic response from marquee institutional investors, underscoring strong market confidence in the company’s fundamentals and future outlook.
A total of 6.8 lakh equity shares were allocated to esteemed anchor institutions at the upper end of the price band, ₹140 per share. Notable participants in the anchor round include:
The IPO of Cedaar Textile is scheduled to open on June 30, 2025, and will close on July 2, 2025. The company has set a price band of ₹130 to ₹140 per share, with an overall issue size aggregating up to ₹60.90 crore at the upper end. The minimum lot size for application is 1,000 shares.
The successful anchor subscription is expected to bolster investor sentiment ahead of the public issue. Cedaar Textile, known for its expertise in the textile sector, plans to utilize the IPO proceeds to fuel its growth and expansion initiatives.
Market participants are closely watching the IPO, given the strong institutional interest demonstrated in the anchor round.
Investors are advised to carefully review the Red Herring Prospectus (RHP) filed with the NSE for detailed information, including financials and risk factors, before making investment decisions.
Image Name: Kell Brook retires from boxing Image Credit: The Times & The Sunday Times…
Image Name: The Weekend View Set Image Credit: Deadline ABC, yet another age-old legacy, has…
Image Name: Joe Biden With Pope Francis Image Credit: MSN It seems that a twist…
Image Name: Canada PM Trudeau Image Credit: The Hindu In a surprising announcement, the Prime…
Image Name: Selena Gomez Is in Her Bridal Style Image Credit: MSN Selena Gomez steps…
Image Name: John Cena to enter 2025 Royal Rumble Image Credit: USA Today WWE superstar…