Cedaar Textile's Stellar Anchor Book Success Signals Robust IPO Debut

Cedaar Textile Limited raised ₹9.52 crore through its anchor book allocation, indicating strong market confidence. The allocation saw participation from top institutional investors at ₹140 per share. The IPO opens on June 30, 2025, and closes on July 2, 2025, aiming to raise up to ₹60.90 crore.

Mumbai, June 28, 2025: Cedaar Textile Limited has achieved a significant milestone by completing its anchor book allocation, garnering ₹9.52 crore before its anticipated Initial Public Offering (IPO). Enthusiastic participation from prominent institutional investors highlights the solid market confidence in Cedaar Textile's strengths and future prospects.

During the anchor round, a total of 6.8 lakh equity shares were allocated to notable institutions at the highest price band of ₹140 per share. Distinguished participating funds were Velcoe Opportunities Fund, SB Opportunities Fund II, Shine Star Build Cap Pvt. Ltd., and Saint Capital Fund, collectively contributing to the strong anchor subscription.

The IPO is set to commence on June 30, 2025, and will close on July 2, 2025, offering a price range of ₹130 to ₹140 per share, with an overall potential issue size reaching ₹60.90 crore. The successful anchor round participation is poised to enhance investor confidence in the forthcoming public issue. Investors are urged to examine the Red Herring Prospectus (RHP) for comprehensive details, including financial records and risks, before investing.