Latest news with #SpunwebNonwoven
Business Upturn
21 hours ago
- Business
- Business Upturn
Spunweb Nonwoven IPO allotment finalised: Here's how to check status online on NSE, MUFG Intime India; listing date and GMP
By Aditya Bhagchandani Published on July 19, 2025, 13:17 IST The allotment status for the ₹60.98 crore Spunweb Nonwoven IPO was finalised on Thursday, July 17, 2025. Investors can now check their allotment status online via the NSE and MUFG Intime India websites. The IPO saw an overwhelming response, being subscribed 251.32 times, with bids for 1,06,09,58,400 shares against the 42,21,600 shares on offer (excluding the market maker portion), as per Chittorgarh. The public issue was entirely a fresh issue of 63.52 lakh equity shares, with no Offer For Sale (OFS). The proceeds will be used for working capital, debt repayment, investment in wholly-owned subsidiary SIPL, and general corporate purposes. Key details of the IPO: Minimum application: 2 lots (2,400 shares) for retail investors. Minimum application: 3 lots (3,600 shares) for HNIs. Price band: ₹96 per share. Business: Manufacturing of polypropylene spunbond nonwoven fabrics. How to check Spunweb Nonwoven IPO allotment status On MUFG Intime India: Go to MUFG Intime's IPO allotment page: MUFG IPO Allotment Select 'Spunweb Nonwoven Limited' from the dropdown. Enter your Application No, PAN, DP/Client ID, or Account No/IFSC. Click Submit to view the status. On NSE: Visit NSE IPO allotment page: NSE IPO Status Select 'Equity & SME IPO bid details'. Choose 'Spunweb Nonwoven Ltd'. Enter your PAN and Application No. Click Submit. Listing date Spunweb Nonwoven shares are expected to debut on the NSE SME Emerge platform on July 21, 2025. Spunweb Nonwoven IPO GMP According to , the IPO's grey market premium (GMP) was ₹34, taking the implied share price to ₹130. This reflects a premium of 35.42% over the issue price. Disclaimer: Grey Market Premium (GMP) is an unofficial indicator and is not regulated by stock exchanges or SEBI. Investors should do their own research or consult financial advisors before making investment decisions. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
News18
3 days ago
- Business
- News18
Spunweb Nonwoven IPO GMP: SME Issue Opens Today, Gets 8.40x Subscription On Day 1
Last Updated: Spunweb Nonwoven IPO GMP, Subsricpition Today: The GMP of the Spunweb Nonwoven IPO currently stands at 36.46%, indicating strong listing gains. Spunweb Nonwoven IPO GMP Today: The initial public offering of Spunweb Nonwoven Ltd opened today, Monday, July 14. The price band of the NSE SME IPO, which aims to raise Rs 60.98 crore, has been fixed in the range of Rs 90 to Rs 96. On the first day of bidding on Monday, the issue received an 8.40 times subscription, garnering bids for 3,54,80,400 shares as against the 42,21,600 shares on offer. The retail and NII participation stood at 13.36x and 8.06x, respectively. The IPO's grey market premium currently stands at 36.46%, indicating strong listing gains. The three-day IPO will be closed on July 16. Spunweb Nonwoven Ltd, founded in 2015, manufactures and exports nonwoven fabrics used in hygiene, medical, packaging, agriculture, and construction sectors, with a strong focus on quality and advanced testing systems. Spunweb Nonwoven IPO GMP Today According to market observers, unlisted shares of Spunweb Nonwoven Ltd are currently trading at Rs 131 against its upper IPO price of Rs 96. It means a grey market premium or GMP of Rs 35, which is 36.46% over its issue price, indicating strong listing. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. The price band of the SME IPO has been fixed in the range of Rs 90 to Rs 96 apiece. Its minimum lot size is 1,200. It means investors will have to apply for a minimum of 1,200 shares or in multiple thereof. Retail investors require a minimum capital of Rs 2,16,000 to apply for the IPO. The basis of allotment of the Spunweb Nonwoven IPO will be finalised on July 17. Its shares will be listed on the NSE Emerge, July 21. The IPO, which is a bookbuilding of Rs 60.98 crore, is entirely a fresh issue of 63.52 lakh shares. Spunweb Nonwoven Ltd's revenue increased 47% and its profit after tax (PAT) rose 98% between the financial year ending with March 31, 2025 and March 31, 2024. Vivro Financial Services Private Limited is the book-running lead manager of the Spunweb Nonwoven IPO, while MUFG Intime India Private Limited (Link Intime) is the registrar for the market maker for Spunweb Nonwoven IPO is Rikhav Securities Limited. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
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Business Standard
3 days ago
- Business
- Business Standard
Spunweb Nonwoven IPO booked 251x; check allotment status, GMP, listing date
Spunweb Nonwoven IPO allotment status: The basis of allotment of shares of nonwoven fabric manufacturer Spunweb Nonwoven is expected to be finalised today, July 17, 2025. The SME public offering closed for subscription on Wednesday, July 16, 2025, and received an overwhelming response from the investors. According to data from the National Stock Exchange (NSE), Spunweb Nonwoven IPO was booked over 251 times, receiving bids for 1.06 trillion shares against 4.22 million shares on offer. Here's how to check Spunweb Nonwoven IPO allotment status Investors can check their allotment status for the Spunweb Nonwoven IPO on the official websites of the NSE and MUFG Intime India, the registrar of the issue. Investors can also use the links below to check the Spunweb Nonwoven IPO allotment status: Spunweb Nonwoven IPO grey market premium (GMP) On July 17, the unlisted shares of Spunweb Nonwoven were trading at ₹130 per share in the grey market, commanding a premium of ₹34 or 35.42 per cent, according to sources tracking unofficial market activity. Spunweb Nonwoven IPO details The SME offering, valued at around ₹60.98 crore, comprises an entirely fresh issue of 6.35 million equity shares. Spunweb Nonwoven IPO does not include any offer-for-sale (OFS) component. The public issue was open for subscription from Monday, July 14, 2025, to Wednesday, July 16, 2025. It was priced in the range of ₹91-96 per share. The company has fixed the lot size of 1,200 shares. Vivro Financial Services is the sole book-running lead manager for the IPO. According to the red herring prospectus (RHP), Spunweb Nonwoven plans to utilise the proceeds from the IPO to fund the company's working capital requirements, investment in wholly owned subsidiary, SIPL, and for general corporate purposes. About Spunweb Nonwoven Incorporated in 2015, Spunweb Nonwoven is a manufacturer and supplier of non-woven fabrics, primarily used for applications like doormats, bags, carpets, and tarpaulins. The company manufactures nonwoven fabric, laminated, and UV-treated nonwoven fabric. It also operates state-of-the-art testing facilities, including Universal Tensile Testing and Rewet Properties Testing. Spunweb Nonwoven exports its products to North America, Europe, and the Middle East. The company generates over two-thirds of its revenue from the hygiene sector, and the remaining portion from applications in medical, packaging, agriculture, and construction industries.
Business Standard
4 days ago
- Business
- Business Standard
Spunweb Nonwoven IPO closes today; subscription rises 142x, GMP at 45%
Spunweb Nonwoven IPO Day 3 subscription status: The initial public offering (IPO) of non-woven fabrics manufacturer Spunweb Nonwoven has received an overwhelming response from investors, as the issue has been subscribed over 142 times on the third and final day of subscription. The SME offering, which opened for public bidding on Monday, July 14, 2025, has received bids for 651.96 million shares, against 4.22 million shares on offer, leading to a subscription of 130.3 times, according to BSE data at 1:40 PM. The demand was driven by non-institutional investors (NIIs) and retail investors, who subscribed to their reserved portion by 216.8 times and 170.42 times, respectively. The qualified institutional buyers (QIBs) portion was subscribed 34.38 times. Spunweb Nonwoven IPO GMP According to sources tracking unofficial markets, the unlisted shares of Spunweb Nonwoven were trading at ₹139, commanding a premium of ₹43 or 44.8 per cent compared to the upper end of the price band of ₹90 to ₹96, on Wednesday, in the grey market. Spunweb Nonwoven IPO details The company plans to raise ₹27.56 crore through a fresh issue of 6.35 million equity shares. There is no offer for sale (OFS) component. The SME IPO will close for subscription today, July 16, 2025. The basis of the allotment of shares is expected to be finalised on Thursday, July 17, 2025. Shares of Spunweb Nonwoven are scheduled to be listed on the NSE SME platform, tentatively on Monday, July 21, 2025. Retail investors can bid for a minimum of two lots consisting of 1,200 shares each, with an investment amount of ₹2,30,400 at the upper price band. The minimum investment required for high-net-worth individuals (HNIs) is ₹3,45,600 for three lots of 3,600 equity shares. Spunweb Nonwoven IPO registrar MUFG Intime India, formerly Link Intime India, is the registrar of the issue. Vivro Financial Services is the sole book-running lead manager for the issue. Spunweb Nonwoven IPO objective According to the red herring prospectus (RHP), the company plans to use the net issue proceeds for funding its working capital requirements, investment in its wholly owned subsidiary, SIPL, and to repay debt. The remaining funds will be used for general corporate purposes. About Spunweb Nonwoven Incorporated in 2015, Spunweb Nonwoven is engaged in the business of manufacturing polypropylene spunbond nonwoven fabrics primarily used in industries such as hygiene, healthcare, packaging, agriculture and others. It is 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. The company's product portfolio includes hydrophobic nonwoven fabric, hydrophilic nonwoven fabric, super soft nonwoven fabric, UV-treated fabric, antistatic nonwoven fabric and FR treated fabric. Its customers include manufacturers of hygiene products like diapers, sanitary pads and underpads, manufacturers of healthcare products like face masks, PPE kits, surgical gowns and other medical disposable products.
Economic Times
4 days ago
- Business
- Economic Times
Spunweb Nonwoven IPO subscribed 44 times on day 3 so far, GMP at 37%. Check details
The SME IPO of Spunweb Nonwoven has seen a strong investor response, with the issue subscribed 43.7 times as of Wednesday. Spunweb Nonwoven IPO: The IPO of Spunweb Nonwoven, a book-built issue targeting ₹61 crore, is set to close today, July 16, 2025. The offering comprises a fresh issue of 63.52 lakh shares, priced in the range of ₹90 to ₹96 per share. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The SME IPO of Spunweb Nonwoven has received an overwhelming response from investors, with the issue subscribed 43.7 times so far on Wednesday, the final day of bidding. Meanwhile, the company's shares are commanding a strong grey market premium of 36.5%, or Rs 35–40, in the unlisted 10:05 am, the issue saw a healthy subscription from the individual investors, who made 14,89,96,800 bids via 62,000 applications, followed by the non-institutional investors (NIIs), who subscribed to 4,89,26,400 shares through a total of 6,481 qualified institutional buyers (QIBs)had made just 4 bids for 19,99,200 the end of the second day of this issue, the IPO saw an overall subscription of 41.7 times, receiving 18,96,48,000 bids against the reserved 45,48,000 IPO of Spunweb Nonwoven, a book-built issue aiming to raise Rs 61 crore, is set to close today, July 16, 2025. The offering consists entirely of a fresh issue of 63.52 lakh shares, with a fixed price band of Rs 90 to Rs 96 per the minimum application size of 2,400 shares, amounting to Rs 2.30 lakh, this IPO is primarily geared towards well-funded retail and high-net-worth individual (HNI) company intends to utilize the IPO proceeds to meet its working capital needs, facilitate investment in its subsidiary SIPL, and undertake partial repayment of existing stock is slated for listing on the NSE SME platform following the completion of the Nonwoven, established in 2015 and headquartered in Rajkot, Gujarat, specializes in the production of nonwoven fabric. These materials find extensive application across a variety of sectors, including hygiene products, medical supplies, packaging solutions, agricultural uses, and construction the financial front, the company showcased a strong performance in the fiscal year 2025. During this period, Spunweb reported a significant 47% increase in revenue and a remarkable 98% rise in profit, while its EBITDA nearly doubled compared to the previous year, highlighting robust operational efficiency and IPO for Spunweb Nonwoven officially opened on July 14, 2025. Following today's closure, the share allotment is anticipated to take place around July 17, 2025. The tentative date for the listing of Spunweb Nonwoven shares on the NSE SME platform has been scheduled for July 21, 2025.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
