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Business Standard
4 days ago
- Business
- Business Standard
Investors rush to Spunweb Nonwoven IPO as subscription nears 3x; GMP at 36%
Spunweb Nonwoven IPO subscription status: Non-woven fabrics manufacture Spunweb Nonwoven has received a favourable demand for the initial public offering (IPO) launched today, July 14, 2025. The public offering, which comprises an entirely fresh issue of 6.35 million equity shares, has been oversubscribed by 2.84 times till around 12:56 PM on Monday, showed the NSE data. Spunweb Nonwoven IPO grey market premium (GMP) today The favourable sentiments for the Spunweb Nonwoven IPO extended in the grey markets too, where the company's unlisted shares were commanding a solid premium on the first day of opening its public offering. Sources tracking unofficial markets revealed that the company's unlisted shares were exchanging hands at ₹131 apiece, reflecting a grey market premium (GMP) of ₹35 per share, or nearly 36.46 per cent over the upper end of the issue price. Spunweb Nonwoven IPO details At the upper end, Spunweb Nonwoven seeks to raise ₹60.98 crore from the public offering. The company has already raised ₹173.1 crore from the anchor investors on the bidding concluded on Friday, July 11. Spunweb Nonwoven IPO is being offered at a price band of ₹90-96 per share, and a lot size of 2400 shares. However, investors can bid for a minimum of 2 lots or 2,400 shares and in multiples of 1,200 shares thereof. A retail investor would require a minimum of ₹2,30,400 to bid for 2 lots of Spunweb Nonwoven IPO. Spunweb Nonwoven proposes to use the proceeds from the public issue to fund the working capital requirements of the company, for investment in the wholly owned subsidiary, SIPL, for funding its working capital requirements, as well as for the repayment, in full or in part, of certain borrowings availed by the company. The company also plans to use the proceeds for general corporate purposes. MUFG Intime India (formerly Link Intime) is the registrar for the issue, while Vivro Financial Services is the sole book-running lead manager. Spunweb Nonwoven Gases IPO timeline Spunweb Nonwoven Gases IPO will remain open for subscription until Wednesday, July 16, 2025. Following that, the basis of allotment of Spunweb Nonwoven Gases IPO shares is expected to be finalised on Thursday, July 17, 2025, and shares will be credited to successful allottees' demat accounts on Friday, July 18, 2025. Spunweb Nonwoven shares are set to list on the NSE SME on Monday, July 21, 2025. About Spunweb Nonwoven Spunweb Nonwoven, along with its wholly owned subsidiary, Spunweb India, is engaged in the business of manufacturing of polypropylene spunbond nonwoven fabrics primarily used in industries such as hygiene, healthcare, packaging, agriculture and others (including roofing & construction, industrial and home furnishing). As outlined in the Red Herring Prospectus (RHP), they are one of the largest manufacturers in the spunbond nonwoven fabric industry in India, with an installed production capacity of 32,640 MT as of FY24 (Source: CareEdge Report). Their product portfolio consists of hydrophobic nonwoven fabric, hydrophilic nonwoven fabric, super soft nonwoven fabric, UV treated fabric, antistatic nonwoven fabric, and FR treated fabric in the width of 1.6m, 2.6m and 3.2m with the range of 7 to 150 grams per square metre (GSM).
Mint
01-05-2025
- Business
- Mint
IPO Watch: Jinkushal Industries files draft papers with SEBI for IPO
IPO Watch: Jinkushal Industries Ltd has filed its draft red herring prospectus (DRHP) with the capital market regulator, Securities and Exchange Board of India (SEBI), for an initial public offering (IPO). Jinkushal Industries specializes in the global export of both new/customized and used/refurbished construction machinery. The company focuses on trading construction equipment such as hydraulic excavators, motor graders, backhoe loaders, soil compactors, wheel loaders, bulldozers, cranes, and asphalt pavers. According to the CareEdge Report, Jinkushal Industries holds the position of the largest Non-OEM exporter of construction machines, boasting a market share of 6.9%. The firm is promoted by Mr. Anil Kumar Jain, Mr. Abhinav Jain, Ms. Sandhya Jain, Ms. Tithi Jain, and Ms. Yashasvi Jain. Jinkushal Industries has a steady history of financial success, which has resulted in a robust balance sheet. The company has shown impressive financial outcomes, attaining a compound annual growth rate (CAGR) of 56.7% in revenue. Jinkushal Industries' Return on Equity (ROE) is 42.18%, indicating its proficiency in leveraging capital investments to foster sustainable growth. The firm focuses on refurbishment, reuse, and supporting the circular economy while maintaining environmental responsibility. It enjoys a varied market presence and provides optimized machine solutions. The company has established an effective supply chain infrastructure that bolsters its primary business in the export trade of construction machinery. The public offer consists of an issuance of 96.5 lakh equity shares with a face value of Rs. 10 each; this includes a new issue of up to 86.5 lakh equity shares and a sell-off of up to 10 lakh equity shares. Jinkushal Industries intends to use the funds raised from the Fresh Issue to support its Working Capital Requirements and for General Corporate Purposes. GYR Capital Advisors Private Limited serves as the sole Book Running Lead Manager (BRLM) for the planned IPO. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision. First Published: 1 May 2025, 05:19 PM IST
