Shreedhar Spinners IPO Subscription Status Day 1: Retail Segment Leads Early Demand as Issue Sees 0.02x Subscription
Authored By HDFC SKY | Published at: Jun 23, 2026 11:41 AM IST
Shreedhar Spinners IPO subscribed 0.02x on Day 1, with retail investors leading early bids while QIB and NII participation remained limited during the opening session.
Mumbai, June 23: Shreedhar Spinners IPO opened for subscription on Tuesday and was subscribed 0.02 times in the early hours. The NSE SME issue opened for bidding on June 23, 2026, and will remain open until June 25, 2026.
The ₹30.68 crore book-built IPO comprises a fresh issue of 57,88,000 equity shares. The company has fixed the price band at ₹51 to ₹53 per share, while investors can apply in lots of 2,000 shares.
Exchange data showed a slow start to the subscription process, with retail investors accounting for most of the bids received on Day 1. Participation from QIB and NII investors remained subdued during the early hours of bidding.
Shreedhar Spinners IPO Subscription Status Day 1
As of June 23, 2026, the IPO was subscribed 0.02 times overall.
| Category | Subscription (Times) |
| QIB (Ex Anchor) | 0.00x |
| NII | 0.01x |
| Retail Individual Investors | 0.03x |
| Total | 0.02x |
Within the NII category, the sNII segment was subscribed 0.04x, while the bNII portion remained at 0.00x.
Retail investors bid for 64,000 shares against 18,92,000 shares reserved for the category, resulting in subscription of 0.03x.
The QIB (Ex Anchor) category did not receive any bids during the reporting period.
Issue Structure
The IPO is entirely a fresh issue of 57,88,000 equity shares aggregating up to ₹30.68 crore.
Out of the net offer, 26,98,000 shares have been reserved for QIBs, 8,12,000 shares for NIIs and 18,92,000 shares for retail investors. The issue also includes a market maker reservation of 3,86,000 shares.
Day-Wise Subscription Trend
| Date | QIB (Ex Anchor) | NII | Retail | Total | |
| June 23, 2026 (Day 1) | 0.00x | 0.01x | 0.03x | 0.02x |
The opening day trend indicates cautious participation from investors, with subscription levels expected to build over the remaining two days of the bidding period.
Shreedhar Spinners IPO Key Details
- IPO Open Date: June 23, 2026
- IPO Close Date: June 25, 2026
- Price Band: ₹51 to ₹53 per share
- Issue Size: ₹30.68 crore
- Fresh Issue: 57,88,000 equity shares
- Lot Size: 2,000 shares
- Listing Platform: NSE SME
- Tentative Allotment Date: June 29, 2026
- Tentative Credit of Shares Date: June 30, 2026
- Tentative Listing Date: July 1, 2026
Anchor Investor Participation
Ahead of the IPO opening, the company allotted 16,18,000 shares to anchor investors. The anchor allocation represented 27.95% of the total issue size and formed part of the QIB reservation.
About Shreedhar Spinners Limited
Shreedhar Spinners Limited is raising capital through a book-built SME public issue comprising a fresh issue of equity shares. The company proposes to list its shares on the NSE SME platform following completion of the IPO process.
Conclusion
Shreedhar Spinners IPO commenced bidding with overall subscription of 0.02x on Day 1. Retail investors led participation with subscription of 0.03x, while the NII segment stood at 0.01x and QIB bids remained absent outside the anchor allocation. Investor demand over the remaining subscription period will determine the final subscription trajectory before the issue closes on June 25, 2026.
Source:
- https://www.chittorgarh.net/reports/anchor-investor/shreedhar-spninners-ipo-anchor-allocation-report.pdf
Disclaimer
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Please Note: The information shared is intended solely for informational purposes and does not make any investment recommendations
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