IPO AND MARKET NEWS
Spunweb Nonwoven Limited Rs. 60 Crore SME IPO Opens on Monday 14 July 2025
Spunweb Nonwoven Limited Rs. 60 Crore SME IPO Opens on Monday 14 July 2025
L to R -Jay Dilipbhai Kagathara, CMD & Kishan Dilipbhai Kagathara, Whole Time Director – Spunweb Nonwoven Ltd.
Price Band of Rs.90/– Rs.96/- per Equity Share bearing face value of Rs.10/- each (“Equity Shares”)
Bid/Offer Opening Date – Monday, July 14, 2025 and Bid/Offer Closing Date – Wednesday, July 16, 2025.
Minimum Bid Lot is 2,400 Equity Shares and in multiples of 1200 Equity Shares thereafter.
MUMBAI, 8 JULY, 2025 (GPN): Gujarat-based spunbond nonwoven fabric manufacturers company Spunweb Nonwoven Limited is set to launch its maiden SME public issue for subscription on Monday 14 July 2025, being the first IPO next week.
The non-woven fabric manufacturer plans to raise Rs 60.98 crore via initial share sale of 63.51 lakh shares, which comprises of entirely fresh issue.
The price band for the offer has been fixed at Rs 90-96 per share.
The IPO comprises of up to 63,51,600 equity shares of face value of Rs. 10/- each of Spunweb Nonwoven Limited (formerly known as Spunweb Nonwoven Private Limited), (“Spunweb” or the “Company” or the “Issuer”) for cash at a price of Rs. [*]/- per equity share including a share premium of Rs. [*]/- per equity share (the “Issue Price”) aggregating to Rs. [*] crores (“the Issue”), of which 3,21,600 equity shares of face value of Rs. 10/- each for cash at a price of Rs. [*]/- per equity share including a share premium ofRs. [*]/- per equity share aggregating to Rs. [*] crores will be reserved for subscription by market maker to the issue (the “Market Maker Reservation Portion”). The issue less the market maker reservation portion i.e. net issue of 60,30,000 equity shares of face value of Rs. 10/- each at a price of Rs. [*]/- per equity share including a share premium of Rs. [*]/- per equity share aggregating to Rs. [*] crores is hereinafter referred to as the “Net Issue”. The issue and the net issue will constitute 26.35 % and 25.02 %, respectively, of the post issue paid up equity share capital of the company. Price Band: Rs. 90 to Rs. 96 per equity share of face value of Rs. 10 each. The floor price is 9 times of the face value and the cap price is 9.6 times of the face value. Bids can be made for the minimum of 1200 equity shares and in multiples of 1200 equity shares thereafter.
The Spunweb Nonwoven IPO will close on July 16. This follows the IPO share allotment by the end of July 17. The shares will be available for trading on the NSE Emerge effective July 21.
The company manufactures polypropylene spunbond non-woven fabrics which is used in hygiene, healthcare, packaging, and agriculture industries.
RGI Meditech, Millenium Babycares, Sekhani Industries, Myra Hygiene Products, Rotech Healthcare, Poligof Micro Hygiene (India), Salus Products, Kwalitex Healthcare, JDS Nonwoven, and Vyom Nonwoven are some of its customers.
The IPO proceeds will be utilised mainly for working capital requirements, repayment of debt, and the remainder funds for general corporate purposes.
Vivro Financial Services is appointed as the sole merchant banker for handling the Spunweb Nonwoven IPO.
The Spunweb Nonwoven Limited wholly owned subsidiary, Spunweb India Private Limited, are engaged in the business of manufacturing of polypropylene spunbond nonwoven fabrics primarily used in industries such as hygiene, healthcare, packaging, agriculture and others (including roofing and; construction, industrial and home furnishing). The Company is one of the largest manufacturers in spunbond nonwoven fabric industry in India, with an installed production capacity of 32,640 MT as of FY24. Our product portfolio consists of hydrophobic nonwoven fabric, hydrophilic nonwoven fabric, super soft nonwoven fabric, UV treated fabric, antistatic nonwoven fabric and FR treated fabric.
