Spunweb Nonwoven IPO
Open SmeCurrent GMP
₹43 (+44.79%)
Price Band
₹ 90 – 96
Lot Size
1200
Issue Size
₹60.98 Cr
Minimum Investment
₹230400 (2400 Shares)
Listing Date
21 July 2025
Subscription
250.31x
About the Company
Founded in 2015, Spunweb Nonwoven Limited is a leading Indian manufacturer and supplier of nonwoven fabrics. Its products are widely used in applications such as doormats, bags, carpets, and tarpaulins. The company is known for its robust quality control system, which includes comprehensive testing, inspection, and analysis processes to maintain product excellence.
Spunweb specializes in producing spunbond nonwoven fabrics, including laminated and UV-treated variants. The company operates advanced testing facilities, featuring equipment like Universal Tensile Testing machines and Rewet Properties Testing systems.
Product Portfolio
- Hydrophobic Fabric
- Hydrophilic Fabric
- UV-Treated Fabric
- Super Soft, Antistatic, and Flame-Retardant (FR) Treated Fabrics
These fabrics are offered in widths of 1.6m, 2.6m, and 3.2m, with a GSM range from 7 to 150.
Manufacturing & Operations
The company operates two state-of-the-art manufacturing units in Rajkot, Gujarat, with five production lines. Along with its wholly owned subsidiary, Spunweb India (SIPL), the group has a total installed production capacity of 32,640 MTPA as of FY24.
Spunweb serves more than 485 domestic and 20 international customers, primarily across the hygiene, healthcare, packaging, agriculture, and construction sectors.
Export Footprint
Spunweb exports to various global markets, including:
- North America: United States
- Europe: Italy
- Middle East & Africa: United Arab Emirates, Saudi Arabia, Egypt, Kenya, Nigeria
- South Asia: Sri Lanka, Nepal
Key Clients
- RGI Meditech Pvt. Ltd.
- Millennium Babycares Ltd.
- Sekhani Industries Pvt. Ltd.
- Myra Hygiene Products Pvt. Ltd.
- Rotech Healthcare Pvt. Ltd.
- Poligof Micro Hygiene (India) Pvt. Ltd.
- Salus Products Pvt. Ltd.
- Kwalitex Healthcare Pvt. Ltd.
- JDS Nonwoven, Vyom Nonwoven, among others
Sustainability Initiatives
Sustainability is central to Spunweb’s operations. The company operates rooftop solar installations with capacities of 1.1 MW and 0.43 MW, meeting 11.77% and 6.45% of the energy needs of the parent company and SIPL, respectively.
Capacity Utilization (FY25)
- Domestic: 73.24%
- International: 67.21%
Workforce
As of March 31, 2025, the company employed 199 people.
Competitive Strengths
- One of India’s largest manufacturers of spunbond nonwoven fabrics
- Customized manufacturing for industry-specific applications
- Long-term relationships with clients across diverse sectors and geographies
- Advanced manufacturing with spunbond and cleanroom technologies
- Led by experienced promoters and a capable management team
Promoters
- Jay Dilipbhai Kagathara
- Kishan Dilipbhai Kagathara
Promoters Holding
Holding Pre Issue
88.50%
Holding Post Issue
0.00%
Objects of the Issue
The Company Spunweb Nonwoven IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding the working capital requirements of the company
- Investment in the wholly owned subsidiary, SIPL, for funding its working capital requirements
- Repayment, in full or in part, of certain borrowings availed by the company
- General Coporate Purposes
Address / Contact Info
Spunweb Nonwoven Limited
Survey No.109(2), N.H. 27
Near Wankaner Boundry Post at Jalida,
Village Rangpar, Wankaner
Rajkot, Gujarat, 363621
Phone: +91-87 5894 4844
Email: cs@spunweb.in
Website: https://www.spunweb.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 14 July 2025
IPO Close Date
Wednesday, 16 July 2025
Basis of Allotment
Thursday, 17 July 2025
Initiation of Refunds
Friday, 18 July 2025
Credit of Shares to Demat
Friday, 18 July 2025
Listing Date
Monday, 21 July 2025 — NSE & BSE
Important Dates
Open Date
14 July 2025
Close Date
16 July 2025
Basis Of Allotment
17 July 2025
Listing Date
21 July 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 182.76 | 106.58 | 93.15 |
| Revenue | 227.14 | 154.24 | 117.68 |
| Profit After Tax | 10.79 | 5.44 | 1.13 |
| Net Worth | 43.15 | 25.09 | 20.15 |
| Reserve & Surplus | 27.3 | 15.77 | 10.33 |
| Total Borrowings | 91.16 | 48.33 | 49.5 |
EPS Pre
6.08%
EPS Post
4.48%
P/E Pre
15.79
P/E (Post Issue)
21.44x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mon, Mar 31, 2025. |
|---|---|
| ROE % | 31.63 |
| ROCE % | 33.66 |
| Debt / Equity | 2.11 |
| RoNW % | 31.63 |
| PbW | 0 |
| Pat Margin % | 4.75 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 1211400 | 28.65 | 0 |
| Non-Institutional | 904800 | 21.41 | 0 |
| Retail Investors | 2110500 | 49.94 | 0 |
| Total | 4226400 | 100 | 0 |
Subscription Status ( Wed, 16 Jul 25 01:56 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 1211400 | 199503600 | 164.69x |
| Non-Institutional | 904800 | 330198000 | 364.94x |
| BNII | 0 | 257174400 | 0x |
| SNII | 0 | 73023600 | 0x |
| Total | 2116200 | 529701600 | 250.31x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 230,400.00 |
| Retail (Max) | 2 | 2,400 | 230,400.00 |
| S-HNI (Min) | 3 | 3,600 | 345,600.00 |
| S-HNI (Max) | 8 | 9,600 | 921,600.00 |
| B-HNI (Min) | 9 | 10,800 | 1,036,800.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- Vivro Financial Services Private Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Spunweb Nonwoven IPO is a Book-building IPO worth ₹60.98 crores. The price band is ₹90 to 96 per share. The IPO opens on Mon, Jul 14, 2025 and closes on Wed, Jul 16, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Spunweb Nonwoven IPO opens on Mon, Jul 14, 2025 and closes on Wed, Jul 16, 2025
Spunweb Nonwoven IPO Price Band is ₹90 to 96.
Spunweb Nonwoven IPO lot size is 1200, and the minimum amount required for application is ₹230400.
The minimum investment for Spunweb Nonwoven IPO is approximately ₹230400 based on the upper price band.
To apply for the Spunweb Nonwoven IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, Jul 16, 2025. After submission, funds are blocked until the basis of allotment of Spunweb Nonwoven IPO is finalised.
Spunweb Nonwoven IPO issue size is ₹60.98 crores.
Spunweb Nonwoven IPO allotment date is Sat, Jun 27, 2026.
The registrar for Spunweb Nonwoven IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Spunweb Nonwoven IPO through their official website or helpline.
The Spunweb Nonwoven IPO GMP (Grey Market Premium) is ₹43 as of Mon, Jul 21, 2025. Based on the upper price band of ₹96 per share, the estimated Spunweb Nonwoven IPO listing price is ₹139, indicating a potential listing gain of approximately 31% over the issue price.