New Delhi, Aug 5 (KNN) Kaytex Fabrics shares made a disappointing market debut on Tuesday, listing at 144 on the NSE SME platform, representing a 20 per cent discount to the initial public offering’s upper price band of Rs 180.
The weak opening came despite the IPO receiving an overwhelmingly positive response from investors across all categories.
During Tuesday’s trading session, Kaytex Fabrics shares experienced volatility, fluctuating between a high of Rs 151.20 and a low of Rs 136.80 on the NSE SME exchange.
The stock continued to trade weakly following its below-expectation debut, reflecting investor sentiment that differed significantly from pre-listing market indicators.
The textile manufacturer’s IPO had generated substantial investor interest, achieving an overall subscription rate of 42.70 times.
The offering saw particularly strong demand from individual investors, who subscribed 47.85 times their allocated portion by July 31, 2025. Qualified institutional buyers subscribed 31.16 times their allocation, while non-institutional investors showed 43.19 times oversubscription.
The listing performance fell short of grey market expectations, where Kaytex Fabrics shares had been trading with a premium of Rs 15 above the issue price’s upper range.
Kaytex Fabrics Limited operates as a fast-fashion producer in the textile industry, having been established in January 1996.
The company specialises in manufacturing high-quality textiles through a combination of advanced technology, innovative design, and skilled craftsmanship. Its product portfolio encompasses textiles made from various fibers including polyester, viscose, and cotton.
The company’s business model focuses on serving bulk purchasers and merchants without specific branding requirements.
Kaytex Fabrics produces women’s ready-to-stitch clothing, contemporary and stylish fabric designs, and accessories such as stoles, scarves, and shawls, positioning itself in the affordable fashion segment of the textile market.
(KNN Bureau)
