Spunweb Nonwoven IPO Opens July 14 at ₹90–96 Band; To Raise ₹60.98 Cr
By Shishta Dutta | Published at: Jul 8, 2025 06:39 PM IST
Rajkot, July 8, 2025 — Spunweb Nonwoven Limited is set to launch its ₹60.98 crore Initial Public Offering (IPO) on Monday, July 14, 2025. The stock will be listed on the NSE EMERGE platform under the ‘SPUNWEB’ symbol. The price band is ₹90-₹96. The main objectives of the IPO include debt reduction, investment in a subsidiary company and working capital requirements. The raised funds will be used to strengthen operations, invest in growth segments, and deleverage the company’s balance sheet, aligning with its strong revenue and capacity growth story.
The SME IPO will close on Wednesday, July 16. The IPO comprises a 100% fresh issue of 63,51,600 equity shares of face value ₹10 each, representing 26.35% of the post-issue equity capital. The minimum bid lot is 1,200 equity shares, aggregating to a minimum application size of ₹1.08 lakh at the upper price band.
Spunweb Nonwoven IPO Snapshot
| Particulars | Details |
|---|---|
| Issue Size | 63,51,600 shares |
| Price Band | ₹90 – ₹96 per share |
| Lot Size | 1,200 shares |
| Issue Opens | July 14, 2025 |
| Issue Closes | July 16, 2025 |
| Listing Platform | NSE EMERGE |
| Symbol | SPUNWEB |
| Issue Type | Book-Built, 100% Fresh Issue |
| Post-Issue Holding Dilution | 26.35% |
Use of Proceeds
The company plans to deploy the net proceeds as follows:
| Objective | Allocation (₹ Cr) |
|---|---|
| Working capital (parent company) | 29.00 |
| Working capital (subsidiary SIPL) | 10.00 |
| Partial debt repayment | 8.00 |
| General corporate purposes (up to 15%) | 13.98* |
| Total | ₹60.99 Cr |
*Final allocation subject to issue pricing.
Business Profile
Spunweb Nonwoven is India’s leading manufacturer of polypropylene spunbond nonwoven fabric, catering to sectors such as hygiene, medical, packaging, agriculture, and construction. It operates one of the country’s largest capacities, at 32,640 MT as of FY24, offering products such as hydrophobic, hydrophilic, UV-treated, super-soft, and FR-treated fabrics.
The company also owns Spunweb India Private Limited (SIPL), a wholly owned subsidiary contributing significantly to the group’s operations.
Financial Highlights (Consolidated)
| Metric | FY25 | FY24 | FY23 |
|---|---|---|---|
| Revenue from Operations | ₹22,635.03L | ₹14,861.14L | ₹11,591.82L |
| EBITDA | ₹3,122.59L | ₹1,500.51L | ₹1,080.16L |
| Net Profit | ₹1,079.22L | ₹544.18L | ₹112.68L |
| Net Worth | ₹4,504.94L | ₹2,576.67L | ₹2,032.49L |
| EPS (Diluted) | ₹6.28 | ₹3.20 | ₹0.66 |
| NAV per Share | ₹24.31 | ₹15.21 | ₹12.21 |
Promoter Holding
| Name | Pre-Issue Holding | Post-Issue* |
|---|---|---|
| Jay Dilipbhai Kagathara | 39.60% | [●] |
| Kishan Dilipbhai Kagathara | 41.71% | [●] |
| Total Promoter Holding | 81.31% | [●] |
*Post-issue holding will be updated upon final allotment.
Lead Manager & Registrar
- Book Running Lead Manager: Vivro Financial Services Pvt Ltd
- Registrar to the Issue: MUFG Intime India Pvt Ltd
Listing Strategy
The shares will be listed under the SME platform (NSE EMERGE), offering investors exposure to India’s growing technical textile segment, particularly the nonwoven fabric space.
The IPO will be available for bidding to retail, non-institutional, and qualified institutional buyers (QIBs), with anchor investor participation permitted as per SEBI ICDR norms.
About the Company
Spunweb Nonwoven Limited, incorporated in 2015 and headquartered in Rajkot, Gujarat, manufactures high-performance nonwoven fabrics used across hygiene, healthcare, packaging, and agriculture applications. The company boasts one of the highest production capacities in the industry and aims to use IPO funds to strengthen its balance sheet and fund growth through working capital and strategic investments.
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