Spunweb Nonwoven IPO: Key Details, Price, and Allotment Information

What is the Spunweb Nonwoven IPO?

Spunweb Nonwoven Limited, based in Rajkot, is launching a ₹61 crore SME IPO on the NSE SME platform from 14–16 July 2025. This is a completely fresh issue of 63.52 lakh shares at a price band of ₹90–96 per share.

IPO Details & Price Band

Face Value: ₹10
Price Band: ₹90–96 per share
Lot Size: Minimum 1,200 shares (~₹1.15 lakh)
Investor Quotas:

QIB: up to 50%
Retail: at least 35%
HNI/NII: remainder (15%)

Timeline & Allotment Status

Subscription Window: 14–16 July 2025
Allotment Date: 17 July 2025
Refunds & Credit: 18 July 2025
Tentative Listing Date: 21 July 2025 on NSE SME
Retail investors can check the allotment status via the registrar’s website after 17 July.

Who is Behind the IPO? Anchor Investors

The book-running lead manager is Vivro Financial Services (Ahmedabad), and registrar is MUFG Intime India. Rikhav Securities is the IPO’s market maker. While anchor allocations are confirmed, the final list isn’t public yet.

Business Model & Product Portfolio

Spunweb excels in polypropylene spunbond nonwoven fabrics – targeting hygiene, healthcare, packaging, agriculture, construction industries, and cleanroom technology. Their comprehensive product portfolio includes:

Super-soft nonwoven fabric
UV treated fabric
Antistatic nonwoven fabric
Hydrophilic & hydrophobic nonwoven fabric
FR treated fabric
Shopping bags
Services: coatings, slitting, printing, sheet cutting, and wider-width options

Key customers include Millenium Babycares Limited, Sekhani Industries Private Limited, RGI Meditech Private Limited, and Rotech Healthcare Private Limited, reflecting Spunweb's credibility and strong industry relationships.

Spunweb is recognized as one of the largest manufacturers in the nonwoven fabric industry.

The company exports to international markets, with key destinations including Sri Lanka, Nepal, Egypt, Saudi Arabia, Kenya, and Nigeria.

Manufacturing Process & Installed Production Capacity

Utilizing spunbond technology, the company processes polypropylene nonwoven into various technical fabrics at multiple GSM levels (7–150 GSM) and widths (1.6 m, 2.6 m, 3.2 m), where fabric weight is measured in grams per square metre (GSM) to indicate density and quality.

The manufacturing facility is located near the Wankaner boundary post at Jalida village, providing a clear geographical reference for clients.

Investment Highlights: Why Spunweb Stands Out

The Spunweb Nonwoven IPO distinguishes itself in a rapidly expanding sector, offering investors a gateway into the dynamic world of polypropylene spunbond nonwoven fabrics. Spunweb Nonwoven Ltd has carved out a niche by delivering a diverse product portfolio that includes hydrophilic nonwoven fabric, hydrophobic nonwoven fabric, UV treated fabric, and antistatic nonwoven fabric—each tailored to meet the evolving needs of industries such as healthcare, hygiene, packaging, and agriculture. The company’s adoption of advanced spunbond technology and cleanroom technology ensures consistent quality and compliance with stringent industry standards, as reflected in its ISO 9001:2015 certification. This commitment to innovation and quality positions Spunweb Nonwoven as a preferred supplier across diverse industries. For retail investors, the nonwoven IPO presents an opportunity to participate in a growth story backed by robust demand, technological leadership, and a well-established product portfolio. As the market for nonwoven fabric continues to expand, Spunweb Nonwoven’s strategic focus and operational excellence make its IPO a compelling proposition for those seeking exposure to this high-potential sector.

Financials & Use of Funds

FY25 Revenue: ₹227 cr vs ₹154 cr in FY24
Profit After Tax: ₹10.79 cr vs ₹5.44 cr
Debt-equity stands at ~2.1x; ROE at ~31%

The IPO funds will be utilized for the following objects.
Net proceeds (₹61 cr) will fund working capital, investment in wholly owned subsidiary SIPL, repay borrowings, and support general corporate needs.

Growth Prospects in India’s Nonwoven Market

India’s nonwoven fabric industry is on the cusp of significant growth, fueled by rising demand from sectors like hygiene, healthcare, and packaging. Spunweb Nonwoven is strategically positioned to benefit from this momentum, thanks to its comprehensive product portfolio that includes super soft nonwoven fabric and FR treated fabric. The company’s ongoing efforts to broaden its offerings and enhance manufacturing capabilities are designed to address the needs of both domestic and international markets, where demand for high-quality nonwoven fabric is accelerating. The capital raised through the SME IPO will empower Spunweb Nonwoven to invest in new technologies, scale up production, and strengthen its market presence. With experienced promoters guiding its expansion and a strong emphasis on research and development, Spunweb Nonwoven is well-equipped to capture emerging opportunities in the spunbond nonwoven fabric industry. For investors, the company’s growth trajectory, international reach, and commitment to innovation make it an attractive choice for those looking to tap into the expanding nonwoven market through this IPO.

SME IPO Appeal & Risks

Pros: High demand fabrics (e.g., surgical gowns, sanitary pads, nonwoven fabric bags), strong financial growth, export diversification, and B2B client base (Rotech Healthcare Pvt Ltd, RGI Meditech, Millenium Babycares, Poligof Micro Hygiene) .
Risks: Elevated borrowings, vulnerability to negative cash flows, commodity cost fluctuations, and modest PAT margins (~4.75%).

How Retail Investors Can Subscribe Online

Retail investors with a demat account can apply via UPI or ASBA through Tradejini CubePlus. Minimum application is two lots (2,400 shares ~₹230 400). Use your broker’s IPO application platform during the bid period.

Allotment to Listing: What to Watch

Keep track of allotment status post-17 July.
Expected listing date: ~21 July on NSE SME.
Monitor listing gain potential, given GMP trends and SME listing dynamics.

Final Take

The Spunweb Nonwoven IPO offers retail investors early access to a growing manufacturer in the spunbond nonwoven space. With strong financials, robust product depth, international outreach, and grey-market buzz, it presents a compelling case — but carries SME-level risks like leverage and volatility.

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Spunweb Nonwoven IPO: A Deep Dive into India’s Polypropylene Spunbond Nonwoven Expansion