Mumbai: Spunweb Nonwoven Limited has come out with its maiden ‘Initial Public Offering’ (IPO) comprising fresh issue of upto 63,51,600 Equity Shares priced at Rs 90 to Rs 96 per share – amounting to Rs 60.98 crores– which will open on July 14, 2025 and close on July 16, 2025.
Jay Kagathara, Chairman & Managing Director, said here recently that the proceeds from this fresh issuance will be used towards funding working capital requirements of the company including: Rs 10 crore for investment in its wholly-owned subsidiary SIPL; Rs 8 crore for Repayment in full or part of certain borrowings availed by the Company; and General Corporate purposes.
Spunweb Nonwoven Limited is into business of manufacturing polypropylene spunbond nonwoven fabrics that are primarily used in industries like: hygiene, healthcare, packaging, agriculture and others (including roofing & construction, industrial and home furnishing).
The company’s Revenue from operations increased 52.31% from Rs 148.61 crore in fiscal 2024 to Rs 226.35 crore in fiscal 2025Profit After Tax increased from Rs 5.44 crore (fiscal 2024) to Rs 10.79 crore (fiscal 2025).
Vivro Financial Services Private Limited is the book running lead manager, while MUFG Intime India Private Limited (Link Intime) is registrar to the issue. The market maker for Spunweb Nonwoven IPO is Rikhav Securities Limited.
