Spunweb Nonwoven IPO Subscribed 251 Times; Allotment to Be Finalised on July 17

Mumbai, 16 July 2025: The Initial Public Offering (IPO) of Spunweb Nonwoven Limited concluded on 16 July 2025 at 6:04 PM with a total subscription of 251.32 times. The ₹61 crore public issue received bids across all investor categories, making it one of the most subscribed IPOs on the NSE EMERGE platform in recent times. The allotment is expected to be finalised on 17 July 2025.

Retail Category Receives 251.84 Times Subscription

The individual investor category received 2.21 lakh applications, subscribing to the reserved 21.10 lakh shares by 251.84 times. Most bids were placed at the upper end of the price band, set at ₹96 per share.

Non-Institutional Segment Subscribed 364.58 Times

The Non-Institutional Investor (NII) segment subscribed 364.58 times, with 35,945 applications bidding for over 32.98 crore shares against an available quota of 9.04 lakh shares. The total value of bids in this category crossed ₹3,166 crore.

QIBs Place Bids Worth Over ₹1,900 Crore

The Qualified Institutional Buyers (QIB) category saw a subscription of 165.43 times, with 125 bids received for 19.95 crore shares against an allocation of 12.06 lakh shares. The bid value for this segment was recorded at over ₹1,915 crore.

Subscription Momentum Increased by Day 3

The IPO saw incremental participation over the three-day window. On Day 1, the issue was subscribed 8.44 times, rising to 45.52 times on Day 2, and reaching 251.32 times by the end of Day 3. The final day recorded the highest levels of bidding across categories.

IPO Structure Divided Among Multiple Investor Categories

The public issue comprised 81.50 lakh equity shares. Of this, 30.09 lakh shares (36.93%) were offered to QIBs, 21.10 lakh shares (25.90%) to retail investors, and 9.04 lakh shares (11.10%) to NIIs. The remaining portion was allocated to anchor investors (22.13%) and market makers (3.95%).

Allotment Likely to Be Limited Amid Oversubscription

With 2.57 lakh total applications and bids exceeding ₹10,185 crore, allotments are expected to be limited, particularly for retail and NII investors. Most successful applicants are likely to receive only a single lot.

The final allotment status will be available on 17 July 2025, and the tentative listing date on NSE EMERGE is set for 21 July 2025.

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