Cedaar Textile IPO listing today. GMP hints at modest gains

Cedaar Textile shares are set to list on the NSE SME platform on July 7. The IPO saw strong investor demand, subscribing over 12 times. The IPO was backed by QIB, NII, and retail investors. The company plans to use the funds for modernization, working capital, and solar power. Cedaar Textile is a yarn manufacturer with domestic and export clients.