₹ 230400 / 2400 shares
Spunweb Nonwoven IPO Details
RHP/DRHPIssue Date
14 Jul - 16 Jul'25
Investment/lot
₹ 230400
Price Range
90 - 96
Lot Size
2400
IPO Size
₹ 60.98 Cr
IPO Listing Details
Listing On
21 Jul'25
Issue Price
96
Listed Price
₹ 151
Retail Gain/Listing Gain
▲57.29%
Schedule of Spunweb Nonwoven IPO
Start date
14/07/2025
End date
16/07/2025
Allotment of bids
17/07/2025
Refund Initiation
18/07/2025
Listing on exchange
21/07/2025
Spunweb Nonwoven IPO Subscription Status
(Day-3: 16th July 2025 10:13am)
| Date | QIB | NII* | Individual Investors | Total |
|---|---|---|---|---|
Day 1 Jul 14, 2025 | 0.00 | 8.08 | 13.42 | 8.44 |
Day 2 Jul 15, 2025 | 1.66 | 53.05 | 67.35 | 45.52 |
Day 3 Jul 16, 2025 | 1.66 | 54.37 | 71.88 | 48.06 |
About Spunweb Nonwoven IPO
Spunweb Nonwoven Limited IPO is an IPO of up to 63,51,600 equity shares, aggregating up to ₹60.98 crores. It consists of a fresh issue of 63,51,600 equity shares. The price band of the IPO is ₹90 to ₹96. The lot size is 1200.
The IPO opening date is July 14, 2025, and the closing date is July 16, 2025. The shares will be allotted on July 17, 2025. The credit of shares to the demat account will take place on July 16, 2025 and the initiation of refunds will take place on July 18, 2025.
Spunweb India Private Limited (“SIPL”), 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).
The company is one of the largest manufacturers in spunbond nonwoven fabric industry in India, with an installed production capacity of 32,640 MT as of FY24 (Source: CareEdge Report). Our 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”).
Objective of Spunweb Nonwoven IPO
- Funding the working capital requirements of the company.
- Investment in their wholly owned subsidiary, SIPL, for funding its working capital requirements.
- Repayment, in full or in part, of certain borrowings availed by the company.
- General corporate purposes.
Spunweb Nonwoven IPO Valuation
| Detail | Information |
|---|---|
Upper Price Band (₹) | ₹96 |
Existing Shares to be Sold | - |
Fresh Issue | Up to 63,51,600 |
EPS (₹) For the year ended March 31, 2024 | 6.28 |
Spunweb Nonwoven IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,30,400 |
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 |
Spunweb Nonwoven IPO Lot Size
| Investor Category | Shares Offered |
|---|---|
QIBs Share Offered | Not more than 50% of the Issue |
Non-Institutional Investors (NIIs) | Not less than 15% of the Issue |
Retail Individual Investors | Not less than 35% of the Issue |
Industry Outlook
Domestic consumption of non-woven fabric in India experienced a significant increase, rising from 548 thousand tons in CY19 to 989 thousand tons in CY23, which represents a robust CAGR of 15.9%. Concurrently, revenue from this sector grew from USD 14,690 crores in CY19 to USD 26,700 crores in CY23, reflecting a CAGR of 16.1%. Looking ahead, domestic consumption of non-woven fabric is projected to grow at a CAGR of 11.2% from CY24 to CY29. The overall forecast for the non-woven industry is optimistic, with global sales projected to grow at a CAGR of 5.1% from CY 2024-29, characterised by robust growth driven by diverse applications across various sectors, including healthcare, hygiene, medical, automotive, construction, and agriculture.
Company Information
Spunweb Nonwoven Limited, along with their wholly owned subsidiary, Spunweb India Private Limited (SIPL), are 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). They are one of the largest manufacturers of spunbond nonwoven fabric industry in India, with an installed production capacity of 32,640 MT as of FY24 (Source: CareEdge Report).
Spunweb Nonwoven IPO Strengths
They are one of the largest manufacturers of spunbond nonwoven fabrics in India.
Spunweb Non woven Limited is one of the largest manufacturers in spunbond nonwoven fabric industry in India, with an installed production capacity of 32,640 MT as of FY24 (Source: CareEdge Report). The company has strong capabilities in manufacturing nonwoven fabrics, using advanced spunbond technology to deliver high-quality, innovative products across diverse industries. They have invested in a wide range of advanced machines, enabling us to efficiently cater to various customer requirements.
One of their key strengths lies in their specialized machines, such as the 1.6m PP SS, which is specifically tailoredfor treading and packaging with an annual installed capacity of 2,500 MT. Another machine, with 2.6m PP SS, has annual installed capacity of 4,200 MT, manufacture products for applications in home furnishings, construction, and roofing. We also operate two advanced 3.2m PP SS machines with annual installed capacity of 5,900 MT and 8,040 MT, respectively, for packaging, commercial, agricultural, and medical applications.
They provide tailored spunbond nonwoven fabric manufacturing for industry-specific needs.
Their company is a comprehensive solution provider for all types of PP spunbond nonwoven fabrics manufactured using advanced spunbond technology. Their spunbond technology also enables them to consistently deliver quality products across a diverse range of nonwoven fabrics that cater to various industries such as healthcare and hygiene, packaging, agriculture, roofing & construction, industrial and home furnishing, which allows them to offer customized, quality fabric solutions tailored to the unique requirements of each industry.
Advanced spunbond technology, along with cleanroom technology for the manufacturing process.
The company uses SS and SSS advanced spunbond technology to manufacture nonwoven fabrics. SS refers to two-layer spunbond nonwoven fabric in which the upper and lower layers are manufactured using spunbond technology. SSS refers to a three-layer spunbond nonwoven fabric where three separate layers are formed through application of spunbond technology during the manufacturing process.
Risks of Spunweb Nonwoven IPO
The company and SIPL are dependent on limited number of suppliers for supply of raw materials, and they have not made any long-term supply arrangement or agreement with their suppliers. In an eventuality where their suppliers are unable to deliver them th
They are exposed to competition from both domestic and international manufacturers and new entrants, and consequent pricing pressures could have a material adverse effect on their business growth and prospects, financial condition, and results of operatio
The nonwoven fabric industry is highly competitive, and they face intense competition from the existing domestic and international manufacturers with a significant market presence and new entrants. These competitors offer a variety of products, utilise advanced technologies, and have larger production capacities, which may impact their business growth and results of operations.
The production of hygiene and health-related products is subject to a wide range of regulatory and industry standards. These regulations are designed to ensure the safety and quality of products as well as to protect the health and well-being of end users. Compliance with these standards is essential, and any deviation could result in serious consequences, which, among other things, include product recalls, regulatory penalties, and damage to their reputation.
All Financial Information about Spunweb Nonwoven
Comparison with peers
| Parameter | Spunweb Nonwoven Private Limited | Fiberweb India Limited |
|---|---|---|
Revenue from Operations for the year ended March 31, 2024 (₹ in crores) | 1,480.3 | 859.9 |
EBITDA Margin | 9.8% | 13.3% |
PAT Margin | 4.0% | 8.5% |
Anchor Investor Information
The Anchor Investor Bid/Issue Period will open one Working Day prior to the Bid/Issue Opening Date, Spunweb Nonwoven IPO anchor investor bidding date is July 11, 2025.
IPO Registrar and Book Running Lead Managers
Book running lead managers:
Vivro Financial Services Private Limited
Registrar for the IPO is MUFG Intime India Private Limited
Business Model
The company earns its revenue by offering the following products:
- Hydrophobic nonwoven fabric, hydrophilic nonwoven fabric, super-soft nonwoven fabric, UV treated fabric, antistatic nonwoven fabric and FR treated. They are also engaged in supply of various types of nonwoven fabric bags.
Company Growth Trajectory
Their revenue from operations has grown from ₹113.82 crores in fiscal 2022 to ₹148.61 crores in fiscal 2024, registering a CAGR of 14.27% over the last three years. Their EBITDA has grown from ₹6.39 crores in fiscal 2022 to ₹15.01 crores in fiscal 2024, registering a CAGR of 53.25%. Their PAT has grown from ₹3.33 crores in fiscal 2022 to ₹5.44 crores in fiscal 2024, registering a CAGR of 27.82%. During the nine-month period ended December 31, 2024, their revenue from operations, EBITDA, and profit after tax further increased to ₹157.10 crores, ₹20.48 crores, and ₹7.29 crores, respectively.
Company Market Position
The company is one of the largest manufacturers in the spunbound nonwoven fabric industry in India, catering to domestic and international markets, with an installed production capacity of 32,640 MT as of FY24 (Source: CareEdge Report).In the domestic market, they have catered to more than 280, 400, 450, and 500 customers during fiscal 2022, fiscal 2023, fiscal 2024 and the nine-month period that ended December 31, 2024. In the international market, they have catered to more than 10, 15, 20, and 20 customers during fiscal 2022, fiscal 2023, fiscal 2024 and the nine-month period that ended December 31, 2024, respectively. The customers are based in countries such as the United States of America, United Arab Emirates, Italy, Egypt, Saudi Arabia, Sri Lanka, Nepal, Kenya, and Nigeria.
Spunweb Nonwoven IPO Company Profit & Loss
| Parameter | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
Revenue from operations (₹ crores) | 113.822 | 115.918 | 148.61 | 226.3503 |
Profit Before Tax (₹crores) | 0.0471 | 0.0171 | 0.0745 | 15.746 |
Net profit / (loss) (₹ crores) | 3.331 | 1.127 | 5.442 | 10.7922 |
EBITDA (₹ crores) | 6.389 | 10.802 | 15.005 | 31.2259 |
EPS (₹) | 2.02 | 0.68 | 3.30 | 6.28 |
Spunweb Nonwoven IPO Cash Flow
| Parameter | FY22 | FY23 | FY24 |
|---|---|---|---|
Profit before tax (₹crores) | 4.705 | 1.708 | 7.447 |
Net Cash from Operating Activities (₹ crores) | 14.784 | 17.109 | 9.943 |
Net Cash from Investing Activities (₹ crores) | (39.006) | (6.458) | (4.3917) |
Net Cash from Financing Activities (₹ crores) | 24.022 | (10.675) | (5.478) |
Cash and Cash Equivalents (₹ crores) | 0.121 | 0.097 | 0.171 |
How To Check Allotment Status of Spunweb Nonwoven IPO?
You can check the allotment status of shares either on the website of the National Stock Exchange (NSE) or on the website of the registrar MUFG Intime India Private Limited. To check the status on the NSE website:
- Visit the NSE website
- Click on “Investor Services” and choose “Application Status Check”
- Choose the issue type — Equity or Debt (Equity in this case)
- Select the Issue Name from the drop-down. The issue name is the company’s name, which is Spunweb Nonwoven Limited
- Enter your application number or PAN number
- Check the box which says “I’m not a Robot” and click on “Search” to know the allotment status
Follow these steps to know the allotment status on the registrar’s website:
- Visit the MUFG Intime India Private Limited website
- Choose “Public Issues” from the “Investor Services” drop-down
- Select Spunweb Nonwoven Limited from the drop-down
- Enter your PAN number or Application number
- Click on “Submit” to know the allotment status
How to apply for Spunweb Nonwoven IPO?
- Step 1: Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
- Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
- Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
- Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
Spunweb Nonwoven IPO FAQs
When is Spunweb Nonwoven IPO listing date?
Spunweb Nonwoven IPO will list on 2025-07-21.
What is the issue size of Spunweb Nonwoven IPO?
60.98 is the issue size of Spunweb Nonwoven IPO.
What is the minimum lot size required for Spunweb Nonwoven IPO?
The minimum lot size is 2400 shares and the investment required is ₹230400.
What is the price band of the Spunweb Nonwoven IPO?
The price band of Spunweb Nonwoven IPO is ₹90 to ₹96.
Where can I read more about Spunweb Nonwoven business?
You can read more about Spunweb Nonwoven and its IPO from the company’s red herring prospectus (RHP) here.
What is the Spunweb Nonwoven Limited IPO?
The Spunweb Nonwoven Limited IPO has an issue size of up to 63,51,600 equity shares. The IPO opens for subscription on June 14, 2025 and closes on July 16, 2025.
Who is the Registrar for Spunweb Nonwoven Limited IPO?
MUFG Intime India Private Limited is the registrar for this IPO.
Where can I read more about Spunweb Nonwoven Limited business?
You may read more about Spunweb Nonwoven Limited and its IPO from the company’s red herring prospectus (RHP) here.
