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.