All details for Spunweb Nonwoven IPO: Dates, price, subscription, financials, objectives, KPIs, registrar, and company overview.
Price Band: ₹90–96 | Allotment July 17 | Listing July 21, 2025
Spunweb Nonwoven IPO: At a Glance
IPO Timeline
| IPO Activity | Date |
|---|---|
| IPO Open Date | July 14, 2025 |
| IPO Close Date | July 16, 2025 |
| Tentative Allotment | July 17, 2025 |
| Refunds Initiation | July 18, 2025 |
| Credit of Shares to Demat | July 18, 2025 |
| IPO Listing Date | July 21, 2025 |
IPO Subscription Status (Tentative)
| Category | Shares Offered | Reservation (%) |
|---|---|---|
| QIB | Not more than 50% of the Net Issue | Up to 50% |
| NII (HNI) | Not less than 15% of the Net Issue | 15%+ |
| Retail | Not less than 35% of the Offer | 35%+ |
IPO Price & Lot Size
| Price Band | ₹90–96 per share |
|---|---|
| Market Lot | 1,200 Shares |
| Retail Min | 2 lots (2,400 shares) – ₹2,30,400 |
| Retail Max | 2 lots (2,400 shares) – ₹2,30,400 |
| S-HNI Min | 3 lots (3,600 shares) – ₹3,45,600 |
| S-HNI Max | 8 lots (9,600 shares) – ₹9,21,600 |
| B-HNI Min | 9 lots (10,800 shares) – ₹10,36,800 |
Company Financials (₹ Crore)
Bar Chart: Revenue, PAT & Net Worth
Line Chart: Revenue, PAT & Net Worth
| Period Ended | Assets | Revenue | Profit After Tax | EBITDA | Net Worth | Reserves & Surplus | Total Borrowing |
|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 182.76 | 227.14 | 10.79 | 31.23 | 43.15 | 27.30 | 91.16 |
| 31 Mar 2024 | 106.58 | 154.24 | 5.44 | 15.01 | 25.09 | 15.77 | 48.33 |
| 31 Mar 2023 | 93.15 | 117.68 | 1.13 | 10.80 | 20.15 | 10.33 | 49.50 |
Key Performance Indicators (KPI)
| KPI | Values |
|---|---|
| Market Cap | ₹231.39 Cr |
| ROE | 31.63% |
| ROCE | 33.66% |
| Debt/Equity | 2.11 |
| RoNW | 31.63% |
| PAT Margin | 4.75% |
| EBITDA Margin | 13.75% |
| Price to Book Value | 3.95 |
| EPS (Pre IPO) | 6.08 |
| EPS (Post IPO) | 4.48 |
| P/E (Pre IPO) | 15.79 |
| P/E (Post IPO) | 21.44 |
Objects of the Issue
| S.No. | Objects | Expected Amount (₹ Million) |
|---|---|---|
| 1 | Funding the working capital requirements of the company | 290 |
| 2 | Investment in the wholly owned subsidiary, SIPL, for funding its working capital requirements | 100 |
| 3 | Repayment, in full or in part, of certain borrowings availed by the company | 80 |
| 4 | General Corporate Purposes | — |
About Spunweb Nonwoven Ltd.
Incorporated: 2015
Business: Manufactures and supplies non-woven fabrics for doormats, bags, carpets, tarpaulins, hygiene, medical, packaging, agriculture, construction.
Products: Hydrophobic, Hydrophilic, UV-Treated fabrics.
Clients: RGI Meditech, Millenium Babycares, Sekhani Industries, Myra Hygiene, Rotech Healthcare, Poligof Micro Hygiene, Salus Products, Kwalitex Healthcare, JDS Nonwoven, Vyom Nonwoven.
Exports: USA, UAE, Italy, Egypt, Saudi Arabia, Sri Lanka, Nepal, Kenya, Nigeria.
Facility: Rajkot, Gujarat.
Employees: 199 (as of May 31, 2025)
Promoters: Jay Dilipbhai Kagathara, Kishan Dilipbhai Kagathara
Strengths:
- Large-scale spunbond nonwoven fabric manufacturing
- Industry-specific tailored products
- Diverse, long-standing client base
- Advanced technology, cleanroom process
- Experienced management team
Contact Details
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://spunweb.in/
Frequently Asked Questions (FAQ)
The price band for Spunweb Nonwoven IPO is ₹90–₹96 per share, as announced in the Draft Red Herring Prospectus (DRHP).
The IPO will open for subscription on July 14, 2025, and close on July 16, 2025, as per the announced timeline.
The minimum investment for retail investors is 2 lots (2,400 shares), which amounts to ₹2,30,400 at the upper end of the price band (₹96 per share).
You can apply for the IPO through:
- Your bank's net banking platform (ASBA facility)
- Brokerage accounts (online or offline)
- Registered investment platforms
- Designated branches of syndicate banks
The exact application process will be detailed in the Red Herring Prospectus (RHP) when the IPO dates are confirmed. Note that bidding at the cut-off price is not allowed for any category.
Spunweb Nonwoven Ltd. manufactures and supplies non-woven fabrics for various applications. Its revenue sources include:
- Sales of hydrophobic, hydrophilic, and UV-treated non-woven fabrics for doormats, bags, carpets, tarpaulins, hygiene, medical, packaging, agriculture, and construction
- Domestic sales to clients like RGI Meditech, Millenium Babycares, and Sekhani Industries
- Exports to countries including the USA, UAE, Italy, Egypt, Saudi Arabia, Sri Lanka, Nepal, Kenya, and Nigeria
The company’s large-scale spunbond manufacturing and tailored products drive its revenue growth.
Key risks to consider include:
- Market risk: Dependence on demand for non-woven fabrics, sensitive to economic and industry-specific trends
- Financial risk: High debt-to-equity ratio of 2.11, indicating significant leverage
- Competition: Intense competition from other non-woven fabric manufacturers domestically and internationally
- Operational risk: Reliance on manufacturing efficiency and raw material availability
- Regulatory risk: Compliance with environmental and industry regulations
Investors should review the risk factors in the RHP before investing.
As per the DRHP, the net proceeds from the fresh issue (₹60.98 Cr) will be used for:
- Funding working capital requirements of the company (₹29 Cr)
- Investment in the wholly owned subsidiary, SIPL, for its working capital requirements (₹10 Cr)
- Repayment, in full or in part, of certain borrowings (₹8 Cr)
- General corporate purposes
Specific allocations will be detailed in the RHP.
Spunweb Nonwoven has:
- Revenue growth from ₹117.68 Cr (FY23) to ₹227.14 Cr (FY25)
- PAT growth from ₹1.13 Cr (FY23) to ₹10.79 Cr (FY25)
- Net worth growth from ₹20.15 Cr (FY23) to ₹43.15 Cr (FY25)
- EBITDA growth from ₹10.80 Cr (FY23) to ₹31.23 Cr (FY25)
- 199 employees as of May 31, 2025
- Manufacturing facility in Rajkot, Gujarat, serving diverse industries and export markets
The company’s advanced technology and diverse client base drive its financial and operational growth.
As of March 31, 2025:
- Total borrowings: ₹91.16 crore
- Debt-to-equity ratio: 2.11
- EBITDA: ₹31.23 Cr, supporting debt servicing capacity
The company’s high debt levels are offset by strong revenue and EBITDA growth, with IPO proceeds allocated for partial debt repayment.
The book running lead managers for Spunweb Nonwoven IPO are not specified in the provided data. They will be announced in the RHP and are responsible for managing the IPO process, including investor roadshows, price discovery, and allocation.
