Spunweb IPO Receives 86.06 Times Subscription Applications by Start of Day 3

Mumbai, 16 July 2025: The Spunweb Nonwoven IPO has received 86.06 times subscription applications  by 11:34 AM today. The issue, which opened on 14 July 2025, is set to close today, 16th July, at 5 PM.

Retail Investor Interest Skyrockets, Subscribed Over 113 Times

Retail investors have shown overwhelming enthusiasm, subscribing 113.53 times the shares allocated to them by mid-morning. The surge in individual bids, especially those in the two-lot retail category, reflects broad participation from the public and significant demand for the company’s SME offering.

HNIs Demand Leads to NII Subscription 124 Times

The Non-Institutional Investor (NII) category has led the IPO frenzy with an extraordinary 123.98 times subscription. The high level of oversubscription from HNIs, who are often seen as savvy market participants, underscores the market’s bullish sentiment around Spunweb Nonwoven’s fundamentals and growth potential.

QIB Category Shows Growing Institutional Interest

Qualified Institutional Buyers (QIBs) have bid 9.55 times their portion as of the latest update. While this category typically sees a late rush closer to the close of bidding, the early figures already indicate a strong endorsement from institutional players.

Anchor and Market Maker Portions Fully Subscribed

Before the IPO opened to the public, anchor investors fully subscribed their allocation of over 18 lakh shares, mobilising ₹17.31 crore. The market maker segment also saw full subscription, reflecting confidence in post-listing liquidity and stability.

Day-Wise Buildup Reflects Accelerating Momentum

Investor interest has intensified over the past three days:

• On Day 1 (14 July), total subscription stood at 8.44 times
• By Day 2 (15 July), it jumped to 45.52 times
• As of Day 3 (16 July, 11:34 AM), overall subscription has touched 86.06 times

With hours still left in the bidding window, final numbers are likely to surpass expectations.

Public Issue Overview and Listing Plans

The IPO comprises 81.50 lakh equity shares, with allocations for retail, QIBs, and NIIs. Retail investors have been offered 21.10 lakh shares, QIBs 30.09 lakh, and NIIs 9.04 lakh. The company aims to raise ₹78.24 crore at the upper price band.

Post-issue, Spunweb Nonwoven’s equity shares are scheduled to list on the SME platform of the stock exchange. With such exceptional demand and widespread investor participation, the listing is expected to draw significant market attention.

Investors have until 5 PM today to confirm their bids and mandates. Final allotment details are expected shortly after closure.

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