Shreedhar Spinners IPO Day 3: Subscription Crosses 2 Times as Bidding Closes Today 

Mumbai, June 25: Investors have just a few hours left to apply for the Shreedhar Spinners IPO, with the ₹30.68 crore NSE SME issue closing for subscription today. The public offering has attracted healthy investor interest on its final day, led by strong demand from high-net-worth investors, while retail participation has also moved comfortably above the one-time mark. 

According to the latest exchange data available at 10:40 AM, the IPO was subscribed 2.05 times overall. The Non-Institutional Investor (NII) portion witnessed the strongest demand with 5.51 times subscription, while the Retail Individual Investor (RII) category was subscribed 1.52 times. The Qualified Institutional Buyer (QIB) segment, excluding anchor investors, was booked 0.39 times at the same time. 

With bidding set to conclude later today, the final subscription figures are expected to witness further movement as SME IPOs typically receive a large portion of applications during the final trading hours. 

Shreedhar Spinners IPO Day 3 Subscription Status 

As of 10:40 AM on June 25, investors had bid for 77.76 lakh shares against the 37.84 lakh shares available for subscription, taking the overall subscription to 2.05 times.

Category-wise subscription: 

• Overall: 2.05x  
• QIB (Ex-Anchor): 0.39x  
• NII: 5.51x  
• bNII: 6.08x  
• sNII: 4.38x  
• Retail: 1.52x  

The issue had received 1,019 applications at the latest update.

The bidding trend shows that non-institutional investors continue to dominate demand, while retail participation has strengthened steadily over the three-day subscription period. 

Issue Details 

Shreedhar Spinners is looking to raise ₹30.68 crore through a fresh issue of 54.02 lakh equity shares. There is no offer for sale, meaning the entire proceeds will be used by the company.

The IPO is priced in a band of ₹51 to ₹53 per share, with the upper band determining the final investment amount for applicants.

Price Band and Lot Size

The company has fixed the IPO price band at ₹51 to ₹53 per equity share.

Retail investors are required to apply for a minimum of 4,000 shares, translating into an investment of ₹2,12,000 at the upper end of the price band.

The minimum application for HNI investors is 6,000 shares, requiring an investment of ₹3,18,000.

Reservation Structure

The public issue has been divided across investor categories as follows: 

• QIB: 26.98 lakh shares (49.94%)

• Retail: 18.92 lakh shares (35.02%)  

• NII: 8.12 lakh shares (15.03%)  

An additional 3.86 lakh shares have been reserved for the market maker.

Important Dates 

• IPO Opens: June 23, 2026  
• IPO Closes: June 25, 2026  
• Tentative Allotment: June 29, 2026  
• Refund Initiation: June 30, 2026  
• Credit of Shares: June 30, 2026  
• Tentative Listing: July 1, 2026  

About Shreedhar Spinners Ltd. 

Shreedhar Spinners Ltd. operates in the textile sector and is engaged in the manufacturing of yarn products used across the textile value chain. The company supplies its products to textile manufacturers and fabric producers, catering to demand from domestic markets. 

Through the IPO, the company aims to strengthen its financial position and support future business expansion by deploying the proceeds from the fresh issue toward its operational and growth requirements. 

Conclusion 

With subscriptions closing later today, Shreedhar Spinners IPO has already secured full subscription, backed by robust demand from HNI investors and improving retail participation. Investors will now watch the final subscription figures after market hours before attention shifts to the allotment process scheduled for June 29, followed by the proposed NSE SME listing on July 1. 

Source: 

• https://www.chittorgarh.net/reports/anchor-investor/shreedhar-spninners-ipo-anchor-allocation-report.pdf