The price band set at Rs90/- to Rs96/- per Equity Share
FinTech BizNews Service
Mumbai, July 8, 2025: Spunweb Nonwoven Limited has fixed the price band of Rs90/- to Rs96/- per Equity Share of face value Rs10/- each for its maiden initial public offer.
The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Monday, July 14, 2025, for subscription and close on Wednesday, July 16, 2025. Investors can bid for a minimum of 2,400 Equity Shares and in multiples of 1200 Equity Shares thereafter.
The IPO is fresh issue of up to 63,51,600 Equity Shares.
The proceeds from its fresh issuance will be utilized to the extent of Rs 29 crore for Funding the working capital requirements of the Company; Rs 10 crore for Investment in wholly owned subsidiary, SIPL, for funding its working capital requirements; Rs 8 crore for Repayment, in full or in part, of certain borrowings availed by our Company, and General Corporate Purposes.
Incorporated in 2015, Spunweb Nonwoven along with its subsidiary, 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). It 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’s 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 persquare metre (“GSM”). These products are available in more than 20 colours and they can be customized in colour with value-added services such as varied coatings, slitting, printing, sheet cutting and wider width fabrics. It is also engaged in supply of various types of nonwoven fabric bags.
The company's customers include manufacturers of hygiene products viz. diapers, sanitary pads and
under pads, manufacturers of healthcare products viz., face masks, PPE kits, surgical gowns and other medical disposable products. Its customers also include manufacturers of packaging products viz. shopping bags, grocery bags, suit cover bags and manufacturers of agricultural products viz. fruit cover and crop cover. Some of its customers include RGI Meditech Private Limited, Millenium Babycares Limited, Sekhani Industries Private Limited, Myra Hygiene Products Private Limited, Rotech Healthcare Private Limited, Poligof Micro Hygiene (India) Private Limited, Salus Products Private Limited, Kwalitex Healthcare Private Limited, JDS Nonwoven, Vyom Nonwoven, among others.
It manufactures, markets and sells their products in domestic as well as international markets. In domestic market, it has catered to more than 400, 450, and 485 customers during Fiscal 2023, Fiscal 2024 and Fiscal 2025. In the international market, it caters to more than 15, 20, and 20 customers during Fiscal 2023, Fiscal 2024 and Fiscal 2025, respectively, that are based in countries such as the United States of America, United Arab Emirates, Italy, Egypt, Saudi Arabia, Sri Lanka, Nepal, Kenya and Nigeria.
Its manufacturing facility has an installed capacity of 20,400 metric ton per annum. Its subsidiary has an installed capacity of 12,240 MTPA operated in two production lines.
Spunweb Nonwoven’s revenue from operations increased 52.31% from Rs 148.61 crore in Fiscal 2024 to Rs 226.35 crore in Fiscal 2025, primarily on account of an increase in capacity utilization and number of customers. Further, consolidation of Spunweb Nonwoven Limited with Spunweb India Private Limited, Profit after tax increased from Rs 5.44 crore in Fiscal 2024 to Rs 10.79 crore in Fiscal 2025.
The Offer is being made through the book-building process, wherein not more than 50% of the net offer shall be available for allocation on a proportionate basis to qualified institutional buyers, not less than 15% of the offer shall be available for allocation to non-institutional bidders, and not less than 35% of the offer shall be available for allocation to retail individual bidders.
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 issue. The market
maker for Spunweb Nonwoven IPO is Rikhav Securities Limited.
