Categories: Agency News

Cedaar Textile Secures ₹9.52 Crore from Anchor Investors Ahead of IPO

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:

  • Velcoe Opportunities Fund – 1,43,000 shares (₹2.00 crore)
  • SB Opportunities Fund II – 2,15,000 shares (₹3.01 crore)
  • Shine Star Build Cap Pvt. Ltd. – 1,43,000 shares (₹2.00 crore)
  • Saint Capital Fund – 1,79,000 shares (₹2.51 crore)

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.

Published by

Recent Posts

World Champion Boxer Announces Retirement at Age 36

Image Name: Kell Brook retires from boxing Image Credit: The Times & The Sunday Times…

8 months ago

ABC expands ‘The View’ with new series ‘The Weekend View

Image Name: The Weekend View Set Image Credit: Deadline ABC, yet another age-old legacy, has…

8 months ago

Biden Cancels Italy Trip to Meet Pope Due to LA Wildfires

Image Name: Joe Biden With Pope Francis Image Credit: MSN It seems that a twist…

8 months ago

Justin Trudeau Resigns as Canada’s Prime Minister

Image Name: Canada PM Trudeau Image Credit: The Hindu In a surprising announcement, the Prime…

8 months ago

It’s Official: Selena Gomez Is in Her Bridal Style Era

Image Name: Selena Gomez Is in Her Bridal Style Image Credit: MSN Selena Gomez steps…

8 months ago

John Cena kicks off WWE farewell tour by announcing his first match

Image Name: John Cena to enter 2025 Royal Rumble Image Credit: USA Today WWE superstar…

8 months ago