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Spunweb Nonwoven Limited IPO
Spunweb Nonwoven Ltd., a leading manufacturer of polypropylene spunbound nonwoven fabric, is coming up with its IPO worth ₹60.98 crores, priced between ₹90 to ₹96 per share. This IPO is expected to be a fresh issue of 63.52 lakh shares. The lot size investment required by a retail investor is ₹2,16,000 (2,400 shares) and for HNI (High Net-worth Individuals) at ₹3,45,600 (3,600 shares) i.e. 3 lots. The opening date for Spunweb Nonwoven Limited IPO is 14th July, 2025 and the closing date for the same is 16th July, 2025. The IPO is expected to be listed on July 21, 2025 (Monday) on NSE SME.
Company Background :
Spunweb Nonwoven Limited was incorporated in 2015 and is headquartered in Morbi, Gujarat. The company manufactures and supplies non-woven fabrics, primarily used for applications like doormats, bags, carpets, and tarpaulins currently expanding its footprint by expanding to the international market by offering products of premium quality.
Operations & Product Range :
Facility and Production
Spunweb Nonwoven Limited is located in the Morbi and Rajkot districts of Gujarat with an installed capacity of 36,640 metric tons. The corporation primarily utilises spunbound technology incorporating technologies such as 3.2 SS Line technology with an online hydrophilic system and 3.2 SSS technology and a Quality-Control System to test, inspect and analyse the product quality.
Brands & Market Presence
Spunweb has a significant place in the Indian nonwoven fabric marketplace with a strong domestic presence by serving over 485 customers in FY25. The company caters to customers from various industries including hygiene, healthcare, agriculture and packaging, with a client base including RGI Meditech Private Limited, Millenium Babycares Limited and Sekhani Industries Private Limited. With their main product being polypropylene spunbound nonwoven fabric they offer various types of the same such as hydrophilic, hydrophobic, UV treated, flame retardant and antistatic fabrics.
Revenue Channels :
The main channels of revenue for Spunweb Nonwoven Limited are -
- Sector Specific Application - Approximately two thirds of the revenue is generated by catering products for the hygiene sector like diapers, sanitary pads, and underpads. As well as various other industry specific products for agriculture, packaging, medical and construction industries.
- Domestic and Export Sales - The company exports to over 20 countries such as USA, UAE and Italy, as well as has a strong hold on domestic sales with about 485 customers in FY25.
- Customised Value-Services - Spunweb has the facility to offer customisation options which include services to adjust width, weight and colour, as well as additional services to provide sheet-cutting, coating, slitting and printing which adds to their revenue streams.
Spunweb Nonwoven Limited registered a revenue increase, growing from ₹148.61 crore in FY24 to ₹226.35 crore in FY25.
Management and Shareholding :
Promoters & Shareholding
Spunweb Nonwoven Limited IPO is promoted by two key figures Jay Dilipbhai Kagathara, who is the firm’s chairman and managing director and Kishan Dilipbhai Kagathara, who is the Whole-Time Director of the company.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Spunweb Nonwoven Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Spunweb Nonwoven Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | July 14, 2025 to July 16, 2025 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Issue Price Band | ₹90 to ₹96 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 63,51,600 shares (aggregating up to ₹60.98 Cr) |
| Reserved for Market Maker | 3,21,600 shares (aggregating up to ₹3.09 Cr) Rikhav Securities Limited |
| Net Offered to Public | 60,30,000 shares (aggregating up to ₹57.89 Cr) |
| Issue Type | Issue Type |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,77,51,809 shares |
| Share Holding Post Issue | 2,41,03,409 shares |
Spunweb Nonwoven Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Mon, Jul 14, 2025 |
| IPO Close Date | Wed, Jul 16, 2025 |
| Tentative Allotment | Thu, Jul 17, 2025 |
| Initiation of Refunds | Fri, Jul 18, 2025 |
| Credit of Shares to Demat | Fri, Jul 18, 2025 |
| Tentative Listing Date | Mon, Jul 21, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 16, 2025 |
Spunweb Nonwoven Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,30,400 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,30,400 |
| S-HNI (Min) | 3 | 3,600 | ₹3,45,600 |
| S-HNI (Max) | 8 | 9,600 | ₹9,21,600 |
| B-HNI (Min) | 9 | 10,800 | ₹10,36,800 |
Spunweb Nonwoven Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 88.50% |
| Share Holding Post Issue | - |
Competitive Strength:
- ● Spunweb Nonwoven Limited has a robust Manufacturing Capacity of 32,640 MT, which places it among nonwoven fabric manufacturers in India.
- ● They offer a diverse product portfolio with UV-treated, hydrophilic, antistatic, laminated and flame-retardant fabrics.
- ● Spunweb has a strong customer base that caters to above 485 domestic as well 20 international clients in the U.S., UAE, Italy, Egypt, and more.
- ● They are equipped with advanced technology with five production lines.
- ● The corporation's revenue grew from ₹117.7 Cr in FY23 to ₹227.1 Cr in FY25.
- ● They provide In-house labs with German-standard testing which ensures high-quality products.
Spunweb Nonwoven Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 182.76 | 227.14 | 10.79 | 43.15 | 91.16 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 107 | 154 | 5 | 25 | 48.33 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 93.15 | 117.68 | 1.13 | 20.15 | 49.5c | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 31.63% |
| ROCE | 33.66% |
| Debt/Equity | 2.11 |
| RoNW | 31.63% |
| PAT Margin | 4.75% |
| EBITDA Margin | 13.75% |
| Price to Book Value | 3.95 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | ||
| P/E (x) |
Objectives of Spunweb Nonwoven Limited IPO :
The objectives of Spunweb Nonwoven Limited IPO are to:-
- Ensure adequate funding for the corporation’s working capital requirements.
- Make an investment in wholly owned subsidiaries in order to fund its requirement for capital
- Repay certain borrowings availed by Spunweb Nonwoven Limited.
- General requirements for corporate functioning
Conclusion :
Spunweb Nonwoven Limited IPO presents investors with an opportunity to participate in a company with a strong network of 485 clients domestically and internationally in about 20 countries. The company’s focus on the polypropylene spunbound nonwoven fabric makes it a notable player in the fabric industry.
RHP:
DRHP:
Read more :
Frequently asked Questions (FAQs )
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1. What is the Spunweb Nonwoven Limited IPO issue size and price?
The IPO aims to raise ₹60.98 crores, priced between ₹90 to ₹96 per share.
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2. What is the primary purpose of the IPO?
Fund working capital needs of the company, Invest in wholly owned subsidiaries, Repayment of borrowings availed by the company, and General corporate functioning.
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3. Who are the promoters of Spunweb Nonwoven Limited IPO?
Jay Dilipbhai Kagathara (chairman and managing director) and Kishan Dilipbhai Kagathara (Whole-Time Director)
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4. What is the maximum investment amount for a retail investor?
The lot size investment required by a retail investor is ₹2,16,000 (2,400 shares)
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5. How does Spunweb generate its revenue?
Sector Specific Application, Domestic and Export Sales, Customised Value-Services
