Latest news with #SpunwebNonwoven
Economic Times
13 hours ago
- Business
- Economic Times
Spunweb Nonwoven IPO: GMP robust at 26% on Day 2 of bidding. Check subscription status, other details
The shares of Spunweb Nonwoven, the initial public offering (IPO) of which opened on Monday, are trading at a healthy grey market premium (GMP) of 26% or Rs 25–30 in the unlisted market on the second day of the bidding process. ADVERTISEMENT This means that investors can expect the shares of Spunweb Nonwoven to list at a premium of about Rs 25–30 on the NSE SME platform. On the first day of the issue, the IPO garnered an overall subscription of 7.61 times, receiving 3,46,15,200 bids against the reserved 45,48,000 shares. The individual investors made 11,408 bids for 2,73,79,200 shares, while the non-institutional investors (NIIs) bid for 72.36 lakh shares of the company via 880 the end of Day 1, the qualified institutional buyers (QIBs) had not made any bids. ADVERTISEMENT Investors can apply for a minimum of 2,400 shares, amounting to Rs 2.30 lakh, making it suitable primarily for well-funded retail and HNI IPO proceeds will be used for working capital needs, investment in its subsidiary SIPL, and partial debt repayment. ADVERTISEMENT The book-built issue comprises a completely fresh offering of 63.52 lakh shares, targeting a fundraise of Rs 61 crore. The price band has been fixed at Rs 90 to Rs 96 per share. The offer is scheduled to close on July 16, with the stock set to be listed on the NSE SME in 2015 and headquartered in Rajkot, Gujarat, Spunweb produces nonwoven fabric used in sectors such as hygiene, medical, packaging, agriculture, and construction. On the financial front, the company reported strong performance in FY25, with revenue rising 47% and profit increasing by 98%, while EBITDA nearly doubled compared to the previous year. ADVERTISEMENT The IPO for Spunweb Nonwoven opened on July 14 and will close on July 16, with the share allotment likely to take place on July 17. The listing of Spunweb Nonwoven shares is tentatively scheduled for July 21. Also read: Smartworks Coworking Spaces IPO allotment. Check status, GMP and other details (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
13 hours ago
- Business
- Time of India
Spunweb Nonwoven IPO: GMP robust at 26% on Day 2 of bidding. Check subscription status, other details
The shares of Spunweb Nonwoven, the initial public offering (IPO) of which opened on Monday, are trading at a healthy grey market premium (GMP) of 26% or Rs 25–30 in the unlisted market on the second day of the bidding process. This means that investors can expect the shares of Spunweb Nonwoven to list at a premium of about Rs 25–30 on the NSE SME platform. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo On the first day of the issue, the IPO garnered an overall subscription of 7.61 times, receiving 3,46,15,200 bids against the reserved 45,48,000 shares. The individual investors made 11,408 bids for 2,73,79,200 shares, while the non-institutional investors (NIIs) bid for 72.36 lakh shares of the company via 880 applications. At the end of Day 1, the qualified institutional buyers (QIBs) had not made any bids. Live Events About Spunweb Nonwoven IPO Investors can apply for a minimum of 2,400 shares, amounting to Rs 2.30 lakh, making it suitable primarily for well-funded retail and HNI investors. The IPO proceeds will be used for working capital needs, investment in its subsidiary SIPL, and partial debt repayment. The book-built issue comprises a completely fresh offering of 63.52 lakh shares, targeting a fundraise of Rs 61 crore. The price band has been fixed at Rs 90 to Rs 96 per share. The offer is scheduled to close on July 16, with the stock set to be listed on the NSE SME platform. About Spunweb Nonwoven Founded in 2015 and headquartered in Rajkot, Gujarat, Spunweb produces nonwoven fabric used in sectors such as hygiene, medical, packaging, agriculture, and construction. On the financial front, the company reported strong performance in FY25, with revenue rising 47% and profit increasing by 98%, while EBITDA nearly doubled compared to the previous year. Spunweb Nonwoven IPO key dates The IPO for Spunweb Nonwoven opened on July 14 and will close on July 16, with the share allotment likely to take place on July 17. The listing of Spunweb Nonwoven shares is tentatively scheduled for July 21. Also read: Smartworks Coworking Spaces IPO allotment. Check status, GMP and other details ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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Business Standard
14 hours ago
- Business
- Business Standard
Spunweb Nonwoven IPO in demand; oversubscription surpasses 12x, GMP up 43%
Spunweb Nonwoven IPO subscription details: The initial public offering (IPO) of polypropylene spunbond nonwoven fabrics maker, Spunweb Nonwoven, continues to receive overwhelming demand among the investors on the second day of subscription. As of 10:54 AM on July 15, the public offering has received bids for 5,62,29,600 equity shares against 45,48,000 shares on offer, resulting in an oversubscription of 12.36 times, according to data from the National Stock Exchange (NSE). Spunweb Nonwoven IPO grey market premium (GMP) today The trading of Spunweb Nonwoven in the unofficial market also points to continued interest from investors. In the grey market, the company's unlisted shares were exchanging hands at around ₹138 apiece, reflecting a grey market premium (GMP) of ₹42 per share or approximately 43.75 per cent above the upper end of the IPO price band, according to the sources tracking grey market activities. Spunweb Nonwoven IPO issue size, price band The ₹60.98 crore public issue consists entirely of a fresh issue of 63.5 lakh equity shares. The public issue is being offered in a price band of ₹90–₹96 per share, with a lot size of 2,400 shares. A retail investor can to bid for a minimum of 2 lots (2,400 shares) and in multiples of 1,200 shares thereafter, with a minimum investment of ₹2,30,400. Spunweb Nonwoven IPO objective According to the company's Red Herring Prospectus, the funds raised through the IPO will be used for meeting working capital requirements, investing in its wholly owned subsidiary Spunweb India Pvt. Ltd. (SIPL), repayment of certain borrowings, and general corporate purposes. Spunweb Nonwoven IPO allotment date, listing date The three-day subscription window will close on July 16, 2025. The basis of share allotment is expected to be finalised on July 17, 2025, with shares credited to successful applicants' demat accounts on July 18. Spunweb Nonwoven shares are scheduled to list on the NSE SME platform on July 21, 2025. Spunweb Nonwoven IPO registrar, lead manager MUFG Intime India (formerly Link Intime) is acting as the registrar to the issue, while Vivro Financial Services is serving as the sole book-running lead manager. About Spunweb Nonwoven Incorporated in 2015, Spunweb Nonwoven manufactures and supplies non-woven fabrics for various applications. The company's products include nonwoven fabric, laminated, and UV-treated nonwoven fabric, used in industries such as hygiene, medical, packaging, and construction. Spunweb Nonwoven operates a state-of-the-art testing facility and exports its products to countries in North America, Europe, and the Middle East. The company has a manufacturing facility in Rajkot, Gujarat, and offers a range of products, including hydrophobic, hydrophilic, and UV-treated fabrics.
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Business Standard
a day 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).
Time of India
2 days ago
- Business
- Time of India
Spunweb Nonwoven IPO: Check GMP, price band, issue size and other details
Spunweb Nonwoven launches its IPO today, aiming to raise Rs 61 crore through a fresh issue of 63.52 lakh shares priced at Rs 90–96 each. The Rajkot-based manufacturer of nonwoven fabric, experiencing strong informal market interest with a 36% GMP, plans to use the IPO proceeds for working capital, subsidiary investment, and debt repayment. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Spunweb Nonwoven, a spunbond nonwoven fabric manufacturer, will open its initial public offering (IPO) today. The book-built issue is entirely a fresh offering of 63.52 lakh shares, aiming to raise Rs 61 crore, with the price band set at Rs 90–96 per share. The offer will close on July 16 and the stock will list on the NSE SME of the IPO opening, the GMP is around 36% over the issue priceThe IPO is seeing strong interest in the informal market, with a grey market premium (GMP) of 36%, suggesting a potential listing price of Rs 130 or higher. Investors can apply for a minimum of 2,400 shares, amounting to ₹2.30 lakh, making it suitable primarily for well-funded retail and HNI incorporated in 2015 and based in Rajkot, Gujarat, manufactures nonwoven fabric used across hygiene, medical, packaging, agriculture, and construction 65% of its revenue comes from the hygiene segment. The company exports to multiple countries including the USA, UAE, Italy, Egypt, and Saudi Arabia, and has built strong client relationships with brands such as Millennium Babycares, RGI Meditech, and Myra the company has posted solid growth. In FY25, it saw a 47% jump in revenue and 98% growth in profit, with EBITDA nearly doubling IPO proceeds will be used for working capital needs, investment in its subsidiary SIPL, and partial debt repayment.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
