Are Banks Open Or Closed on Saturday, July 19?
19 Jul 2025
The Spunweb Nonwoven IPO concluded today, July 16th, 2025, with an astounding 251.32 times oversubscription! This massive demand showcases significant investor confidence in the company's future.
The IPO, aiming to raise ₹60.98 crore, saw bids flood in for 1,06,09,58,400 shares, dwarfing the 42,21,600 shares offered. This incredible response was driven by strong participation across all investor categories:
Adding to the excitement, the grey market premium (GMP) currently sits at a robust 35.42%, suggesting strong potential for listing gains. Unlisted shares are reportedly trading at ₹130, compared to the IPO's upper price band of ₹96.
Founded in 2015, Spunweb Nonwoven Ltd is a leading manufacturer and exporter of high-quality nonwoven fabrics. Their products serve diverse sectors, including hygiene, medical, packaging, agriculture, and construction. The company boasts impressive growth, with a 47% revenue increase and a 98% rise in profit after tax (PAT) between FY24 and FY25.
The information provided is for general knowledge and informational purposes only, and does not constitute investment advice. Always conduct thorough research and consider seeking professional advice before making any investment decisions.
