Spunweb Nonwoven IPO: Date, GMP, And Price

Spunweb Nonwoven IPO- Complete Overview

Spunweb Nonwoven IPO under the SME IPO category is a book-build issue of Rs. 60.98 Cr by Spunweb Nonwoven Limited. The company was established in 2015 and produces nonwoven fabrics and laminated and UV-treated nonwoven fabrics. It has in-house state-of-the-art facilities for universal tensile testing and rewet properties testing. The company supplies and manufactures non-woven textiles for use in carpets, bags, and doormats.

It exports its products to North America, Europe, and the Middle East. Over 66% of their revenue is from the hygiene sector, and the remaining revenue is from the medical, packaging, agriculture, and construction industries.

Some of the notable clients of the company include Poligof Micro Hygiene, Salus Products, Kwalitex Healthcare, and other USA and UAE companies.

The company’s products have been exported to the USA, UAE, Italy, Egypt, Saudi Arabia, Sri Lanka, Nepal, Kenya, and Nigeria.

It also owns a manufacturing facility located in Rajkot, Gujarat.

Products: Water-repellent fabrics, Water-Absorbing Fabrics, Ultraviolet Resistant Modified Fabrics.

 

 

Spunweb Nonwoven IPO Overview

The Spunweb Nonwoven IPO date is on 14 July 2025, and its initial public offering will end on 16 July 2025. 

The Rs. 60.98 Crore new SME IPO comprises an entirely fresh issue of 63.52 lac Shares. The Spunweb Nonwoven IPO price is Rs. 90 to Rs. 96 for each Share. 

The Spunweb Nonwoven IPO listing date (expected) might be on Monday, Jul 21, 2025, and listing at the NSE and SME.

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Company Financial

(Amount in Cr)

Period	31 Mar 2025	31 Mar 2024	31 Mar 2023
Total Assets	182.76	106.58	93.15
Total Revenue	227.14	154.24	117.68
PAT	10.79	5.44	1.13
Net Worth	43.15	25.09	20.15
Reserves & Surplus	27.30	15.77	10.33
Borrowings	91.16	48.33	49.50

 

Cash Flows

(Amount in lac)

Net Cash Flow in Multiple Activities	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	294.93	994.26	1,710.91
Net Cash Flow Investing Activities	(863.83)	(439.07)	(645.80)
Net Cash Flow Financing Activities	602.15	(547.78)	(1,067.52)

 

Revenue Bifurcation

Sales-wise Revenue Bifurcation

Country-wise Revenue Bifurcation

Product-wise Revenue Bifurcation

(Source: RHP)

 

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Financing the business's operating capital needs.

• Investing in SIPL, the wholly owned subsidiary, to meet its working cash needs.

• Repayment of some of the company's borrowed funds, either in full or in part.

• General corporate purposes.

 

Click to check the IPO application status.

Listed Peers of Spunweb Nonwoven Ltd. 

No listed peer of a similar size is engaged in the same lines of business as mentioned in the RHP.

Evaluation

The Spunweb Nonwoven Limited IPO price is Rs. 90 to Rs. 96 for each Share.

Evaluation of P/E Ratio

Considering the FY ended on 31 Mar 2025 with an EPS of Rs. 6.28 from the last year, the resulting P/E ratio is 15.28x.

Considering the weighted EPS of Rs. 4.32 for the last three years, the P/E ratio is 22.22x.

Explore the GLEN Industries IPO.

IPO's Strengths

• One of the leading producers of spunbond nonwoven fabrics in India.

• Custom-ordered spunbond nonwoven fabric manufacturing for specialized sectors.

• Diverse long-term partnerships across various sectors and regions.

• Proprietary advanced cleanroom-embedded spunbond technology for the manufacturing process.

• Former associates from the industry, alongside a well-developed operational and managerial execution team.
  
  
  

 

 

IPO’s Weaknesses

• Spunweb and its subsidiary SIPL have a critical dependence on a few suppliers for the raw materials required, such as polypropylene granules. The company has no long-term supply contracts with these suppliers.

• For a significant portion of Spunweb’s raw materials, the company imports them, particularly polypropylene. Failure to hedge foreign exchange risk, the business is vulnerable to significant currency changes, which could raise expenses.

• The timely distribution of raw materials might be hampered by geopolitical conflicts and the ongoing worldwide crisis in maritime trade routes such as the Red Sea, which raises transportation costs.

 

Spunweb Nonwoven IPO GMP

Spunweb Nonwoven IPO GMP is Rs. 0 as of 08 Jul 2025 at the time of writing this information. Hence, its estimated listing price might be Rs. 96.

IPO Timetable (Tentative)

The Spunweb IPO date of opening is from Jul 14 to Jul 16, 2025, allotment on Jul 17, refund initiation on Jul 18, and listing on Jul 21, 2025.

Events	Date
IPO Opening Date	Jul 14, 2025
IPO Closing Date	Jul 16, 2025
IPO Allotment Date	Jul 17, 2025
Refund Initiation	Jul 18, 2025
IPO Listing Date	Jul 21, 2025

 

Spunweb Nonwoven IPO Details 

The IPO with a Face Value of Rs. 10 per share offers a total issue size of 63,51,600 Shares (Rs. 60.98 Cr) with a market maker portion of 3,21,600 Shares (Rs. 3.09 Cr).

IPO Opening & Closing Date	14 Jul, 2025 to 16 Jul, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 90 to Rs. 96 per Share.
Lot Size	1200 Shares
Issue Size	63,51,600 Shares (Rs. 60.98 Cr)
Offer for Sale	-
Fresh Issue	63,51,600 Shares (Rs. 60.98 Cr)
Listing at	NSE, SME
Issue Type	Book Build Issue
Registrar	MUFG Intime India Private Limited (Link Intime)

IPO Lot Details 

Retail investors can invest in a minimum and maximum of 2 Lots (2400 Shares) for Rs. 2,30,400 and in multiples thereof, while for HNI investors, the minimum Lot is 3 (3600 Shares) for Rs. 3,45,600.

Minimum Lot Investment (Retail)	2 Lots
Maximum Lot Investment (Retail)	2 Lots
HNI (Min)	3 Lots

 

IPO Reservation (% of Net Issue)

Institutional’s Portion	50%
Retail’s Portion	35%
Non-Institutional Portion	15%

 

Promoters And Management of Spunweb Nonwoven Ltd.

• Jay Dilipbhai Kagathara

• Kishan Dilipbhai Kagathara.
  
  

Pre-Issue Promoter Shareholding	88.50%
Post-Issue Promoter Shareholding	-

 

 

 

Spunweb Nonwoven IPO Lead Managers

• Vivro Financial Services Private Limited.

 

Dividend Policy

The company has not declared dividends during the last three fiscal years.

 

Conclusion

Spunweb Nonwoven IPO presents an opportunity in India's growing non-woven fabric sector. The company serves key hygiene and medical sectors, supported by revenue growth and global exports. Besides geopolitical tensions, customer concentration is a risk to the company.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.