Textiles: IPO Track Record
Mostly SME (54 of 62). Since 2025 the median gain at open is 0% across 39 IPOs; before that, 20 of 23 opened above the issue price.
Listed IPOs
62
8 mainboard, 54 SME
Amount raised
INR 4,493.52 crore
2018 to 2026
Median gain at open
+3.33%
listing day, vs issue price
Median gain at close
+5.08%
listing day, vs issue price
Opened above issue price
59.68%
share of listings
Closed below issue price
40.32%
on listing day
Median subscription
8.37x
total, final day
Vs same-year IPOs
-5.24
percentage points; median gap at open
Best listing: CPS Shapers (+143.24% at open, 7 September 2023). Weakest: Shree Ram Twistex (-34.62% at open, 2 March 2026).
Mainboard vs SME
| Segment | IPOs | Median gain at open | Median gain at close | Opened above issue | Closed below issue | Median subscription |
|---|---|---|---|---|---|---|
| Mainboard | 8 | +1.67% | +4.43% | 50% | 37.50% | 24.44x |
| SME | 54 | +4.05% | +5.08% | 61.11% | 40.74% | 8.37x |
Year by Year
| Year | IPOs | Median gain at open | Median gain at close | Opened above issue | Median subscription |
|---|---|---|---|---|---|
| 2026 | 23 | 0% | -5% | 39.13% | 2.05x |
| 2025 | 16 | +1.05% | -1.06% | 50% | 8.84x |
| 2024 | 15 | +15.96% | +20.26% | 93.33% | 107.22x |
| 2023 | 7 | +6.58% | +8.68% | 85.71% | 7.40x |
| 2018 | 1 | 0% | -7.94% | 0% | 5.22x |
All 62 IPOs
| IPO | Listed | Segment | Issue price (INR) | Issue size (INR crore) | Subscription | Open (INR) | Close (INR) | Gain at open | Gain at close |
|---|---|---|---|---|---|---|---|---|---|
| Paramount Syntex | 9 October 2026 | SME (BSE) | 127 | 81.79 | 1.83x | 115 | 109.25 | -9.45% | -13.98% |
| Dudani Retail | 5 October 2026 | SME (BSE) | 29 | 10.56 | 1.47x | 25 | 25 | -13.79% | -13.79% |
| Unitec Fibres | 30 September 2026 | SME (BSE) | 88 | 34.47 | 4x | 90 | 90.60 | +2.27% | +2.95% |
| Vivekanand Cotspin | 28 September 2026 | SME (BSE) | 37 | 22.20 | 1.73x | 38 | 39.90 | +2.70% | +7.84% |
| SonaSelection India | 24 September 2026 | Mainboard | 99 | 141.57 | 2.01x | 102.31 | 107.42 | +3.34% | +8.51% |
| Panchatv Bharat | 18 September 2026 | SME (BSE) | 140 | 24.58 | 1.46x | 128.95 | 122.55 | -7.89% | -12.46% |
| Vinod Texworld | 17 September 2026 | SME (NSE) | 94 | 42.84 | 1.66x | 94 | 89.30 | 0% | -5% |
| Qualiance International | 11 September 2026 | SME (NSE) | 127 | 45.11 | 459.29x | 224.90 | 236.10 | +77.09% | +85.91% |
| Ashutosh Fibre | 7 September 2026 | SME (NSE) | 92 | 56.35 | 133.82x | 140 | 147 | +52.17% | +59.78% |
| Madhur Knit Crafts | 1 September 2026 | SME (NSE) | 100 | 53.27 | 1.53x | 100 | 95 | 0% | -5% |
| Fascinate Textiles | 24 August 2026 | SME (NSE) | 151 | 64.83 | – | 120.80 | 114.80 | -20% | -23.97% |
| Shree Balaji Textiles | 29 July 2026 | SME (BSE) | 70 | 18.90 | 206.82x | 133 | 126.35 | +90% | +80.50% |
| Alpine Texworld | 21 July 2026 | Mainboard | 105 | 126.25 | 1.40x | 105 | 99.75 | 0% | -5% |
| Kusumgar | 15 July 2026 | Mainboard | 419 | 650 | 128.82x | 569 | 602.80 | +35.80% | +43.87% |
| Aastha Spintex | 6 July 2026 | Mainboard | 136 | 170 | 4.64x | 130 | 136.49 | -4.41% | +0.36% |
| Shreedhar Spinners | 1 July 2026 | SME (NSE) | 53 | 30.68 | 6.80x | 54.40 | 57.10 | +2.64% | +7.74% |
| Riyaasat Lifestyle | 1 July 2026 | SME (BSE) | 106 | 30.20 | 1.38x | 84.80 | 80.60 | -20% | -23.96% |
| Rajnandini Fashion | 3 June 2026 | SME (BSE) | 63 | 18.21 | 203.82x | 63 | 60.57 | 0% | -3.86% |
| Harikanta Overseas | 2 June 2026 | SME (BSE) | 91 | 24.30 | 1.17x | 79.75 | 75.77 | -12.36% | -16.74% |
| Shree Ram Twistex | 2 March 2026 | Mainboard | 104 | 110.24 | 43.66x | 68 | 71.40 | -34.62% | -31.35% |
| Kiaasa Retail | 2 March 2026 | SME (BSE) | 127 | 69.72 | 2.10x | 123 | 116.85 | -3.15% | -7.99% |
| Fractal Industries | 24 February 2026 | SME (BSE) | 216 | 49 | 5.52x | 229 | 217.55 | +6.02% | +0.72% |
| Yajur Fibres | 14 January 2026 | SME (BSE) | 174 | 120.41 | 1.38x | 139.20 | 132.25 | -20% | -23.99% |
| K K Silk Mills | 3 December 2025 | SME (BSE) | 38 | 28.50 | 5.71x | 32 | 30.40 | -15.79% | -20% |
| Game Changers Texfab | 4 November 2025 | SME (BSE) | 102 | 54.84 | 1.02x | 104.15 | 109.35 | +2.11% | +7.21% |
| Sihora Industries | 17 October 2025 | SME (BSE) | 66 | 10.56 | 1.33x | 70 | 66.50 | +6.06% | +0.76% |
| Siddhi Cotspin | 26 September 2025 | SME (NSE) | 108 | 69.85 | 4.04x | 86.40 | 82.10 | -20% | -23.98% |
| Vashishtha Luxury Fashion | 15 September 2025 | SME (BSE) | 111 | 8.87 | 2.23x | 118 | 121.75 | +6.31% | +9.68% |
| Rachit Prints | 8 September 2025 | SME (BSE) | 149 | 19.49 | 2.03x | 119.20 | 113.25 | -20% | -23.99% |
| Kaytex Fabrics | 5 August 2025 | SME (NSE) | 180 | 69.81 | 42.78x | 144 | 150.60 | -20% | -16.33% |
| Spunweb Nonwoven | 21 July 2025 | SME (NSE) | 96 | 60.98 | 251.11x | 151 | 158.55 | +57.29% | +65.16% |
| Silky Overseas | 7 July 2025 | SME (NSE) | 161 | 30.68 | 170.21x | 171 | 162.45 | +6.21% | +0.90% |
| Cedaar Textile | 7 July 2025 | SME (NSE) | 140 | 60.90 | 11.96x | 119 | 113.05 | -15% | -19.25% |
| NR Vandana Tex | 4 June 2025 | SME (NSE) | 45 | 27.89 | 101.07x | 45 | 43.70 | 0% | -2.89% |
| Borana Weaves | 27 May 2025 | Mainboard | 216 | 144.89 | 148.78x | 243 | 255.15 | +12.50% | +18.13% |
| NAPS Global India | 11 March 2025 | SME (BSE) | 90 | 11.88 | 1.24x | 108 | 102.60 | +20% | +14% |
| Ken Enterprises | 12 February 2025 | SME (NSE) | 94 | 83.65 | 4.36x | 85 | 80.75 | -9.57% | -14.10% |
| Avax Apparels | 14 January 2025 | SME (BSE) | 70 | 1.92 | 260.48x | 133 | 139.65 | +90% | +99.50% |
| Davin Sons Retail | 9 January 2025 | SME (BSE) | 55 | 8.78 | 120.85x | 44 | 46.20 | -20% | -16% |
| Purple United Sales | 18 December 2024 | SME (NSE) | 126 | 32.81 | 160.16x | 199 | 208.95 | +57.94% | +65.83% |
| Neelam Linens | 18 November 2024 | SME (NSE) | 24 | 13 | 92.05x | 40.05 | 38.05 | +66.88% | +58.54% |
| Paramount Dye Tec | 8 October 2024 | SME (NSE) | 117 | 28.43 | 50.16x | 109.90 | 107.05 | -6.07% | -8.50% |
| Divyadhan Recycling | 4 October 2024 | SME (NSE) | 64 | 24.17 | 41.01x | 84 | 88.20 | +31.25% | +37.81% |
| SD Retail | 27 September 2024 | SME (NSE) | 131 | 64.98 | 97.16x | 145 | 150.90 | +10.69% | +15.19% |
| Avi Ansh Textile | 27 September 2024 | SME (NSE) | 62 | 25.99 | 8.37x | 68 | 71.15 | +9.68% | +14.76% |
| Gajanand International | 16 September 2024 | SME (NSE) | 36 | 20.65 | 15.02x | 42 | 39.90 | +16.67% | +10.83% |
| Forcas Studio | 26 August 2024 | SME (NSE) | 80 | 37.44 | 417.05x | 152 | 144.40 | +90% | +80.50% |
| Saraswati Saree Depot | 20 August 2024 | Mainboard | 160 | 160.01 | 107.38x | 194 | 203.70 | +21.25% | +27.31% |
| Kizi Apparels | 6 August 2024 | SME (BSE) | 21 | 5.58 | 115.65x | 23.15 | 24.30 | +10.24% | +15.71% |
| United Cotfab | 24 June 2024 | SME (BSE) | 70 | 36.29 | 107.22x | 75 | 78.75 | +7.14% | +12.50% |
| Piotex Industries | 17 May 2024 | SME (BSE) | 94 | 14.47 | 107.50x | 109 | 114.30 | +15.96% | +21.60% |
| Signoria Creation | 19 March 2024 | SME (NSE) | 65 | 9.28 | 669.64x | 131 | 137.55 | +101.54% | +111.62% |
| Shree Karni Fabcom | 14 March 2024 | SME (NSE) | 227 | 42.49 | 295.84x | 260 | 273 | +14.54% | +20.26% |
| Kalahridhaan Trendz | 23 February 2024 | SME (NSE) | 45 | 22.49 | 8.20x | 47.15 | 49.50 | +4.78% | +10% |
| Shanti Spintex | 27 December 2023 | SME (BSE) | 70 | 31.25 | 25.53x | 76 | 79.80 | +8.57% | +14% |
| Mish Designs | 7 November 2023 | SME (BSE) | 122 | 9.76 | 122.28x | 160 | 152 | +31.15% | +24.59% |
| Vivaa Tradecom | 12 October 2023 | SME (BSE) | 51 | 7.99 | 1.76x | 40.80 | 42.54 | -20% | -16.59% |
| Karnika Industries | 12 October 2023 | SME (NSE) | 76 | 25.07 | 2.96x | 81 | 82.60 | +6.58% | +8.68% |
| CPS Shapers | 7 September 2023 | SME (NSE) | 185 | 11.10 | 236.67x | 450 | 472.50 | +143.24% | +155.41% |
| Sahaj Fashions | 6 September 2023 | SME (NSE) | 30 | 13.96 | 7.40x | 31 | 30.35 | +3.33% | +1.17% |
| Bizotic Commercial | 23 June 2023 | SME (BSE) | 175 | 42.21 | 1.92x | 180 | 171 | +2.86% | -2.29% |
| TCNS Clothing | 30 July 2018 | Mainboard | 716 | 1,125.13 | 5.22x | 716 | 659.15 | 0% | -7.94% |