Shreedhar Spinners IPO Subscription Status Day 2 Live: NII Portion Fully Subscribed as Issue Sees Steady Investor Interest

Mumbai, June 24: Shreedhar Spinners IPO continued to attract investor interest on the second day of bidding, with the issue subscribed 0.48 times as of 10:40 AM on Thursday. While the public issue is yet to be fully subscribed, demand from non-institutional investors has remained encouraging, helping keep the order book active ahead of the final day.

The ₹30.68 crore NSE SME issue opened for subscription on June 23, 2026, and will close on June 25, 2026. The IPO is entirely a fresh issue of 57,88,000 equity shares and is being offered in a price band of ₹51 to ₹53 per share.

What stands out in the latest subscription data is the continued interest from high-net-worth investors. The NII category has already crossed the one-times mark, while retail participation has also improved, indicating broader investor engagement compared with several SME offerings currently open for subscription.

Shreedhar Spinners IPO Subscription Status Day 2

According to exchange data available at 10:40 AM on June 24, 2026, the IPO was subscribed 0.48 times overall.

The NII portion emerged as the strongest category, receiving bids for 9,10,000 shares against 8,12,000 shares reserved, resulting in subscription of 1.12 times.

Within the segment, the bNII category was subscribed 1.27x, reflecting stronger interest from larger investors. The sNII portion was subscribed 0.83x and was approaching full subscription at the time of reporting.

Retail investors bid for 8,72,000 shares against the 18,92,000 shares reserved for the category, taking the retail subscription to 0.46x.

The QIB (Ex Anchor) category remained largely quiet, with subscription standing at 0.02x. Institutional participation often picks up closer to the closing stages of an IPO, making the final day an important period to watch.

Investor Demand Shows Positive Momentum

Although the overall subscription figure remained below one time, the trend within individual categories suggests improving investor confidence.

The NII portion has already been fully subscribed, while retail demand has moved closer to the halfway mark. This indicates that investors are gradually building positions rather than waiting entirely for the final day, a pattern that is often viewed positively in SME public issues.

The strong response from the bNII category also signals interest from larger investors, which can sometimes influence broader market sentiment around an IPO.

Issue Structure

Shreedhar Spinners IPO is entirely a fresh issue of 57,88,000 equity shares aggregating ₹30.68 crore.

The company has reserved:

• 26,98,000 shares for QIB investors
• 8,12,000 shares for NII investors
• 18,92,000 shares for retail investors

In addition, 3,86,000 shares have been reserved for the market maker.

Day-Wise Subscription Trend

While overall subscription has remained broadly stable, the retail category has shown incremental improvement. Investor activity during the final day will determine whether the issue can move towards full subscription before bidding closes.

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

Shreedhar Spinners IPO Timeline

About Shreedhar Spinners Limited

Shreedhar Spinners Limited is raising funds through a book-built SME public issue comprising a fresh issue of equity shares. The company intends to utilise the proceeds for its business requirements and plans to list its shares on the NSE SME platform following the completion of the IPO process.

Conclusion

Shreedhar Spinners IPO has shown encouraging traction on Day 2, particularly from non-institutional investors. As of 10:40 AM on June 24, 2026, the issue was subscribed 0.48 times overall, with the NII category already fully subscribed at 1.12x and retail demand at 0.46x. With one more day of bidding remaining, market participants will closely watch whether the IPO can build further momentum before the subscription window closes on June 25, 2026.

Source:

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