Adinath Textiles IPO closes with 1.15x subscription

What's the deal? Adinath TextilesDealroom has a profile for this one. Try Dealroom →, a West Bengal-based garment manufacturer, closed its initial public offering on 19 August 2026 with an overall subscription of 1.15 times. Institutional buyers carried the book, subscribing 22.74 times, while retail investors subscribed 1.06 times. The non-institutional category remained undersubscribed.

Why now? The company plans to use the IPO proceeds to set up an additional manufacturing facility, fund working capital, repay certain loans and cover general corporate purposes.

The numbers: Adinath Textiles reported ₹117.09 crore in revenue from operations for FY 2026 and ₹15.10 crore in profit. Operating cash flow was negative at ₹10.87 crore, while its top ten customers accounted for 72.99% of sales.

What's next? Allotment will follow once the basis of allotment is finalised, with listing details expected afterwards.

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