The initial public offer (IPO) of Spunweb Nonwoven received bids for 3,46,15,200 shares as against 45,48,000 shares on offer, as per NSE data as of 17:00 hours on Monday (14 July 2025). The issue was subscribed 7.61 times.
The issue opened for bidding on Monday (14 July 2025) and it will close on Wednesday (16 July 2025). The price band of the IPO is fixed between Rs 90 to Rs 96 per share. The minimum order quantity is 1,200 equity shares. The equity shares will list on NSE’s SME platform.
The IPO comprises fresh issue of 45,48,000 equity shares. About 3,21,600 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 60,30,000 equity shares including anchor allocation portion.
The issue and the net issue will constitute 26.35% and 25.02%, respectively, of the post issue paid up equity share capital of the company.
The company intends to utilize the net proceeds for funding its working capital requirements, investing in its wholly-owned subsidiary, SIPL, for funding its working capital requirements, repayment (in full or in part) of certain borrowings availed by the company and for general corporate purposes.
Ahead of the Spunweb Nonwoven on Friday, 11 July 2025, raised Rs 17.31 crore from anchor investors. The board has allotted 18.03 lakh shares at Rs 96 per share to 8 anchor investors.
Spunweb Nonwoven is engaged in the manufacturing of polypropylene spunbond nonwoven fabrics, primarily used in industries such as hygiene, healthcare, packaging, agriculture, and others (including roofing and construction, industrial, and home furnishing). The company is one of the largest manufacturers in the spunbond nonwoven fabric industry in India, with an installed production capacity of 32,640 MT as of FY24 (Source: CareEdge Report). Its product portfolio consists of hydrophobic nonwoven fabric, hydrophilic nonwoven fabric, super-soft nonwoven fabric, UV-treated fabric, antistatic nonwoven fabric, and flame-retardant (FR) treated fabric. As of 31 May 2025, the company had 199 employees on its payroll and 51 employees on its subsidiary payroll and engaged more than 30 contract labourers at the manufacturing facility.
The company recorded revenue from operations of Rs 226.35 crore and net profit of Rs 10.79 crore for the period ended 31 March 2025.