Spunweb Nonwoven Limited (NSE SME)
July 14, 2025 – July 16, 2025
| Price | ₹90 - ₹96 |
| Premium | ₹16 |
|---|---|
| Lot size | 1200 |
| Allotment | Jul 17, 2025 |
| Listing | Jul 21, 2025 |
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| INDIVIDUAL | 2 | 2400 | 230400 | 879 |
| sHNI | 3 | 3600 | 345600 | 84 |
| bHNI | 9 | 10800 | 1036800 | 168 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| INDIVIDUAL | 33.23% | 21,10,800 |
| BHNI | 9.50% | 6,03,200 |
| SHNI | 4.75% | 3,01,600 |
| Anchor | 28.47% | 18,08,400 |
| QIB | 18.99% | 12,06,000 |
| Market Maker | 5.06% | 3,21,600 |
| Total | 100.00% | 63,51,600 |
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 |
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: 2015
Location: Rajkot, Gujarat
Business: Manufacturer and supplier of non-woven fabrics
Product Portfolio:
Nonwoven Fabric
Laminated Nonwoven Fabric
UV-Treated Nonwoven Fabric
Hydrophobic, Hydrophilic, and UV-Treated categories
Quality & Testing:
In-house Universal Tensile Testing and Rewet Properties Testing
Strong quality control through systematic testing and inspection
Industry Focus:
Hygiene sector (over two-thirds of revenue)
Also serves medical, packaging, agriculture, and construction industries
Key Clients:
RGI Meditech, Millenium Babycares, Sekhani Industries, Myra Hygiene, Poligof, Salus Products, Kwalitex Healthcare, JDS Nonwoven, Vyom Nonwoven
Market Presence:
North America, Europe, Middle East
Export destinations: USA, UAE, Italy, Egypt, Saudi Arabia, Sri Lanka, Nepal, Kenya, Nigeria
Workforce:
199 employees as of May 31, 2025
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/