Spunweb Nonwoven Limited (BSE SME)
July 14, 2025 – July 16, 2025
| Price | ₹90 - ₹96 |
| Premium | ₹0 |
|---|---|
| Lot size | 1200 |
| Allotment | Jul 17, 2025 |
| Listing | Jul 21, 2025 |
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| INDIVIDUAL | 2 | 2400 | 230400 | 0 |
| sHNI | 3 | 3600 | 345600 | 0 |
| bHNI | 9 | 10800 | 1036800 | 0 |
IPO Details
| Total Issue Size | 63,51,600 shares (aggregating up to 60.98 Cr) |
| Fresh Issue | 63,51,600 shares (aggregating up to 60.98 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,77,51,809 shares |
| Share Holding Post Issue | 2,41,03,409 shares |
| Reserved for Market Maker | 3,21,600 shares (aggregating up to 3.09 Cr) |
| Market Maker | Rikhav Securities Limited |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not less than 15% of the Net Isssue |
Key Performance Indicator (KPI)
| KPI | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 31.63% | 24.06% | 5.79% |
| ROCE | 33.66% | 11.55% | 7.30% |
| EPS (basic) | 6.28 | 3.2 | 0.66 |
| P/E Pre IPO | 15.79 | ||
| P/E Post IPO | 21.44 |
Company Financials In Crore
| Period Ended | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Assets | 182.76 | 106.58 | 93.15 |
| Revenue | 227.14 | 154.24 | 117.68 |
| Profit After Tax | 10.79 | 5.44 | 1.13 |
| EBITDA | 31.23 | 15.01 | 10.8 |
| Net Worth | 43.15 | 25.09 | 20.15 |
| Reserves and Surplus | 27.3 | 15.77 | 10.33 |
| Total Borrowing | 91.16 | 48.33 | 49.5 |
About Company
Incorporated in 2015, Spunweb Nonwoven Limited is a manufacturer and supplier of non-woven fabrics.
The fabrics are primarily used in doormats, bags, carpets, tarpaulins, and various industrial applications.
Product Range
The company manufactures:
Nonwoven Fabric
Laminated Nonwoven Fabric
UV-Treated Nonwoven Fabric
Key product categories include:
Hydrophobic Fabric
Hydrophilic Fabric
UV-Treated Fabric
Quality and Testing
Equipped with in-house testing infrastructure such as:
Universal Tensile Testing
Rewet Properties Testing
Strong focus on quality control through systematic testing, inspection, and analysis.
Market Presence and Exports
Operates across North America, Europe, and the Middle East.
Export destinations include the United States, United Arab Emirates, Italy, Egypt, Saudi Arabia, Sri Lanka, Nepal, Kenya, and Nigeria.
Industry Segments
Over two-thirds of revenue comes from the hygiene sector.
Additional revenue generated from the medical, packaging, agriculture, and construction industries.
Key Clients
Major clients include:
RGI Meditech Pvt. Ltd., Millenium Babycares Ltd., Sekhani Industries Pvt. Ltd.,
Myra Hygiene Products Pvt. Ltd., Poligof Micro Hygiene (India) Pvt. Ltd.,
Salus Products Pvt. Ltd., Kwalitex Healthcare Pvt. Ltd., JDS Nonwoven, Vyom Nonwoven.
Manufacturing Facility
The company’s manufacturing unit is located in Rajkot, Gujarat.
Workforce
As of May 31, 2025, the company employs 199 personnel.
Strength
One of India’s Largest Spunbond Nonwoven Fabric Manufacturers: With an installed capacity of 32,640 MT as of FY24, the company is among the top manufacturers in India, operating five advanced production lines tailored to specific industries, ensuring high efficiency and product consistency.
Industry-Specific, Customized Fabric Solutions: The company offers a diverse range of PP spunbond nonwoven fabrics for key sectors like healthcare, hygiene, agriculture, packaging, and construction—backed by advanced technology and tailored to meet specific industry needs.
Strong Customer Base Across Geographies: Long-standing relationships with over 485 domestic and 20+ international clients, including top hygiene brands, provide recurring business, customer loyalty, and geographic diversification that helps mitigate market risks.
Weakness
Underutilized Production Capacity:As of March 31, 2025, capacity utilization at the company and its subsidiary SIPL stands at 73.24% and 67.21% respectively. Continued underutilization could negatively impact future growth and profitability.
High Dependence on Working Capital: The business requires substantial working capital, and part of the IPO proceeds is allocated to meet this need. Any shortfall in working capital could disrupt operations and affect financial performance.
Intense Market Competition: The nonwoven fabric industry faces strong competition from domestic and international players. Pricing pressure from competitors with larger capacities and advanced technology may reduce profit margins and hinder growth.
Lead Manager(s)
Address
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/