Spunweb Nonwoven IPO

IPO Details

Bidding Dates

14 Jul '25 - 16 Jul '25

Minimum Investment

₹2,16,000/ 2 Lot (2,400 Shares)

Price Range

₹90-₹96

Maximum Investment

₹2,30,400/ 2 Lot (2,400 Shares)

Retail Discount

To be announced

Issue Size

₹60.98 Cr

Investor category and sub category

Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyers (QIB) |

Spunweb Nonwoven IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Jul 14, 25

IPO Closing Date

Jul 16, 25

Basis of Allotment

Jul 17, 25

Initiation of Refunds

Jul 18, 25

IPO Listing Date

Jul 21, 25

About Spunweb Nonwoven IPO

Spunweb Nonwoven IPO is a book-built issue worth ₹60.98 crore, comprising a fresh issue of 63.52 lakh equity shares. The IPO opens for public subscription on July 14, 2025, and will close on July 16, 2025. The basis of allotment is expected to be finalised on July 17, 2025.

The shares are proposed to be listed on NSE SME, with a tentative listing date set for July 21, 2025. The IPO has a price band of ₹90 to ₹96 per share. Retail investors are required to apply for a minimum of 2,400 shares, translating to an investment of ₹2,16,000.

For High Net-worth Individuals (HNIs), the minimum application is 3 lots or 3,600 shares, amounting to ₹3,45,600. Each lot consists of 1,200 shares. Vivro Financial Services Private Limited is serving as the book-running lead manager for this IPO, while MUFG Intime India Private Limited (Link Intime) is the appointed registrar.

Rikhav Securities Limited will act as the market maker for the issue. Interested investors can refer to the Spunweb Nonwoven IPO RHP for complete and detailed information.

Industry Outlook

Global non-woven fabric consumption rose from 10,811 thousand tons in CY19 to 15,285 thousand tons in CY23 (CAGR of 9.0%) and is projected to reach 20,603 thousand tons by CY29. In India, consumption grew from 548 to 989 thousand tons (CAGR 15.9%).
India’s non-woven fabric industry revenue grew from USD 1,469 million in CY19 to USD 2,670 million in CY23 (CAGR 16.1%) and is projected to continue growing at 11.2% CAGR till CY29. This surge, supported by government hygiene initiatives and industrial applications, positions Spunweb Nonwoven Limited to capture greater market share.
Hydrophobic and hydrophilic variants made up 67% of global demand in CY23, with volumes increasing from 6,341 to 10,252 thousand tons (CAGR 12.8%). As these materials are essential in medical and hygiene products, Spunweb stands to benefit by catering to this expanding segment.

Spunweb Nonwoven IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

A part of the funds will be used to meet the working capital needs of the company for smooth operations.
Part of the proceeds will be used to invest in SIPL, the wholly owned subsidiary, to support its working capital.
Part of the funds will be used to repay some or all existing borrowings and reduce debt burden.
Any remaining funds will be allocated toward general corporate purposes to strengthen overall business growth.

About Spunweb Nonwoven Limited

Spunweb Nonwoven Limited, along with its subsidiary Spunweb India Private Limited (SIPL), is a key player in the polypropylene spunbond nonwoven fabric industry in India. The company manufactures fabrics used in hygiene, healthcare, packaging, agriculture, roofing, and home furnishing sectors.

As of FY24, it holds an installed production capacity of 32,640 metric tons, making it one of the largest manufacturers in the country. The product range includes hydrophobic, hydrophilic, UV-treated, antistatic, and flame-retardant nonwoven fabrics available in various GSMs and widths.

These are offered in over 20 colours with customisation options like slitting, coating, and sheet cutting. Spunweb also supplies nonwoven fabric bags and holds ISO 9001:2015 certification, ensuring consistent product quality. Its customer base includes manufacturers of diapers, sanitary pads, face masks, PPE kits, shopping bags, and agricultural covers.

Notable clients include RGI Meditech, Millenium Babycares, and Kwalitex Healthcare. The company serves both domestic and global markets, with international clients based in the USA, UAE, Italy, Egypt, and more. The manufacturing units are based in Wankaner, Rajkot, with the main facility spanning 18,197 sq. metres and SIPL’s covering 15,580 sq. metres. Both facilities are owned by the respective entities.

Spunweb is committed to sustainability, with rooftop solar plants contributing to its energy needs—12.08% for the company and 5.81% for SIPL as of March 31, 2025. Backed by experienced leadership, Spunweb posted a total income of ₹22,713.95 lakh and a net profit of ₹1,079.22 lakh in FY25, showcasing strong financial growth.

How To Check the Allotment Status of Spunweb Nonwoven IPO?

Steps to check IPO allotment status on Angel One’s app:

Log in to the Angel One app.
Go to the IPO Section and then to IPO Orders.
Select the individual IPO that you had applied for and check the allotment status.
Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for the Spunweb Nonwoven IPO Online?

Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
Locate the IPO Section: Navigate to the 'IPO' section on the platform.
Select IPO: Find and select the Spunweb Nonwoven IPO from the list of open IPOs.
Enter the Lot Size: Specify the number of lots you want to bid for.
Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Spunweb Nonwoven IPO

Registered office: Survey No.109(2), N.H. 27, Near Wankaner Boundary Post at Jalida, Village Rangpar, Rajkot, Wankaner – 363 621, Gujarat, India.

Phone: : +91-87 5894 4844

E-mail:cs@spunweb.in

Spunweb Nonwoven IPO Reservation

Investor Category	Shares Offered
QIB Shares	Up to 50% of the Net Issue
Retail Shares	Not less than 35% of the Offer
NII Shares	Not less than 15% of the Net Issue

Spunweb Nonwoven IPO Lot Size

Application	Lots	Shares	Amount
Individual investors (Retail) (Min)	2	2,400	₹2,16,000
Individual investors (Retail) (Max)	2	2,400	₹2,30,400
S-HNI (Min)	3	3,600	₹3,45,600
S-HNI (Max)	8	9,600	₹9,21,600
B-HNI (Min)	9	10,800	₹10,36,800

Spunweb Nonwoven IPO Category Reservation Table

Application Category	Bidding Limits
Only Individual investor (retail)	2 lots
Only sNII	3 lots - 8 lots
Only bNII	9 lots and above

Note: Bidding at the cut-off price is not permitted under any investor category.

Spunweb Nonwoven IPO Promoter Holding

The promoters of the company include Jay Dilipbhai Kagathara and Kishan Dilipbhai Kagathara.

Share Holding Pre-Issue	88.50%
Share Holding Post Issue	-

Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.

Spunweb Nonwoven IPO Anchor Investors Details

Bid Date	July 11, 2025
Shares Offered	0
Anchor Portion Size (In ₹ Cr.)	0.00
Anchor lock-in period end date for 50% shares (30 Days)	August 16, 2025
Anchor lock-in period end date for remaining shares (90 Days)	October 15, 2025

Key Performance Indicators for Spunweb Nonwoven IPO

KPI	Value
EBITDA Margin (%)	13.75
RoCE (%)	33.66
RoNW (%)	31.63
Debt/Equity	2.11
Price to Book Value	3.95

Spunweb Nonwoven IPO Prospectus

Spunweb Nonwoven IPO Registrar and Lead Managers

Spunweb Nonwoven IPO Lead Managers

Vivro Financial Services Private Limited

Registrar for Spunweb Nonwoven IPO

MUFG Intime India Private Limited (Link Intime)

Contact Number: +91-22-4918 6270
Email Address: spunweb.ipo@linkintime.co.in

Spunweb Nonwoven IPO Registrar

Financial Performance of Spunweb Nonwoven Limited

Particulars	Year ending on March 31, 2025	Year ending on March 31, 2024	Year ending on March 31, 2023
Revenue from Operation (in ₹ lakh)	22,635.03	14,861.14	11,591.82
Profit/ (loss) for the year (in ₹ lakh)	1,079.22	544.18	112.68
Total Income (in ₹ lakh)	22,713.95	15,424.12	11,768.01
Current Ratio (In times)	1.21	1.12	1.04
Return on Equity (RoE) (%)	31.63	24.06	5.79
Return on Capital Employed (RoCE) (%)	33.66	11.55	7.30
EBITDA (in ₹ lakh)	3,122.59	1,500.51	1,080.16

Know before investing

Strengths

Installed capacity of 32,640 MT makes Spunweb a leading manufacturer.
Five advanced production lines ensure efficient and quality output consistently.
Serves over 485 domestic and 20 international customers in FY25.
Advanced SS (two-layer structure) and SSS (three-layer structure) technology ensures superior fabric quality.
EBITDA grew from ₹1,080.16 lakh in FY23 to ₹3,122.59 lakh in FY25.

Risks

Dependent on limited suppliers lacking long-term agreements for raw materials.
SIPL derives revenue from limited customers; loss could harm operations.
Installed capacities utilised at 73.24% and 67.21%; underutilisation risks profitability.
High working capital needs based on assumptions may strain operations.
Negative cash flows from investing, financing activities could affect stability.