Shreedhar Spinners IPO- Company Analysis
Shreedhar Spinners IPO under the SME IPO category is a bookbuild issue of Rs. 30.68 Cr by Shreedhar Spinners Limited and is a cotton yarn manufacturer that produces 100% compact spun cotton yarn with counts between Ne 10s and Ne 40s. The company runs a state-of-the-art spinning facility with 28,608 spindles and an established production capacity of 10,000 MT annually in the Amravati Textile Park in Maharashtra.
To serve a variety of end-use industries, including clothing, denim, terry towels, shirts, bed linens, sweaters, socks, furnishing fabrics, and industrial textiles, the company produces cotton yarn that can be used for both knitting and weaving. Operating exclusively in the B2B segment, Shreedhar Spinners supplies its products to textile manufacturers, exporters, traders, and fabric processors, primarily across Maharashtra.
Shreedhar Spinners IPO Details
The Shreedhar Spinners IPO date of opening is 23 Jun 2026, its initial public offering will end on 25 Jun, IPO allotment on Jun 29 and refund initiation on Jun 30, 2026.
The Rs. 30.68 crore new SME IPO comprises a wholly fresh issue of 0.58 crore shares.
The Shreedhar Spinners IPO listing date (expected) might be Wednesday, Jul 01, 2026, and listing at the NSE and SME.
The Shreedhar Spinners IPO price band is Rs. 51 to Rs. 53.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Jun 23, 2026 |
|
IPO Closing Date |
Jun 25, 2026 |
|
IPO Allotment Date |
Jun 29, 2026 |
|
Refund Initiation |
Jun 30, 2026 |
|
IPO Listing Date |
Jul 01, 2026 |
Click to open demat account and apply for the IPO.
Company Financials
(Amount in Cr)
|
Particulars |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Assets |
172.12 |
102.32 |
92.28 |
|
Total Income |
146.55 |
134.43 |
126.35 |
|
Profit After Tax |
6.17 |
3.42 |
3.35 |
|
EBITDA |
17.62 |
13.11 |
13.41 |
|
Net Worth |
29.76 |
20.34 |
16.92 |
|
Reserves and Surplus |
14.11 |
5.34 |
1.92 |
|
Total Borrowing |
115.90 |
65.31 |
62.11 |
Cash Flows
(Amount in lac)
|
Net Cash Flow |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Net Cash Flow Operating Activities |
778.27 |
1,046.67 |
813.21 |
|
Net Cash Flow Investing Activities |
(5,478.42) |
(821.31) |
(77.47) |
|
Net Cash Flow Financing Activities |
4,696.99 |
(226.27) |
(729.73) |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The company desires to use the Net Proceeds from the Issue to fulfill its following goals:
-
Funding incremental working capital requirements of the Company. ~ Rs. 21.04 Cr.
-
Purchase of machinery for the existing manufacturing facility at Amravati, Maharashtra. ~ Rs. 4.95 Cr.
-
General Corporate Purposes.
Listed Peers of Shreedhar Spinners Ltd.
|
Name of Company |
Face Value (Rs. ) |
Basic EPS (₹) |
PE Ratio (x) |
|
AB Cotspin India Limited |
10 |
6.06 |
33.69* |
|
Siddhi Cotspin Limited |
10 |
4.38 |
6.39* |
Valuation
|
KPI |
Value (Mar 31, 2026) |
|
RoE |
24.64% |
|
ROCE |
9.34% |
|
Debt/Equity |
3.89 |
|
RoNW |
20.74% |
|
PAT Margin |
4.22% |
|
EBITDA Margin |
12.04% |
Evaluation of P/E Ratio
Considering the period ended on FY 2025 with an EPS of Rs. 4.03 from the last year, the resulting P/E ratio is 13.15x.
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IPO's Strengths
-
Producer of 10,000 MT of compact spun cotton yarn annually.
-
Modern spinning infrastructure with 28,608 spindles.
-
Solid and enduring client connections throughout the textile sector.
-
A prime position in the Vidarbha area, which is rich in cotton, guarantees the supply of raw materials.
IPO's Weaknesses
-
Promoter share pledge risk.
-
High debt and financing covenant risk.
-
Related party transaction risk.
Shreedhar Spinners IPO GMP (Grey Market Premium)
Shreedhar Spinners IPO GMP today is Rs. 0 as of 20 June 2026, while writing this information.
Shreedhar Spinners IPO Summary
|
IPO Opening & Closing Date |
23 Jun, 2026 to 25 Jun, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 51 to Rs. 53 per Share. |
|
Lot Size |
2000 Shares |
|
Issue Size |
57,88,000 Shares (Rs. 31 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
54,02,000 Shares (Rs. 29 Cr) |
|
Listing at |
NSE, SME |
|
Issue Type |
Book build Issue |
|
Registrar |
MUFG Intime India Pvt. Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (4000 Shares) for Rs. 2,12,000, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (6000 Shares) for Rs. 3,18,000.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
Shreedhar Spinners IPO Allotment Status
To check the Shreedhar Spinners IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Shreedhar Spinners Ltd.
-
Shreedhar Cotsyn Private Limited
-
Dharmendra Mohandas Goyal
-
Vishal Agarwal
-
Sunita Dharmendra Goyal
-
Pooja Agarwal
-
Varesh Goyal.
|
Pre-Issue Promoter Shareholding |
96.55% |
|
Post-Issue Promoter Shareholding |
70.48% |
IPO Lead Managers
Marwadi Chandarana Intermediaries Brokers Pvt. Ltd.
Dividend Policy
The company has not declared a dividend during the last three FYs.
Conclusion
With rising revenue, increasing profitability, and a solid manufacturing capacity in the textile industry, Shreedhar Spinners' IPO demonstrates solid foundations. However, investor confidence may be impacted by high debt levels, promoter pledge risk, and SME IPO volatility.
Other Related Blogs:- Aureate Tradde IPO, Hexgon Nutrition IPO
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.
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