Spunweb Nonwoven IPO: Check GMP, price band, issue size and other details
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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 platform.Ahead 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 investors.Spunweb, incorporated in 2015 and based in Rajkot, Gujarat, manufactures nonwoven fabric used across hygiene, medical, packaging, agriculture, and construction industries.Over 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 Hygiene.Financially, the company has posted solid growth. In FY25, it saw a 47% jump in revenue and 98% growth in profit, with EBITDA nearly doubling year-on-year.The 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)
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