Price Band of ₹90/– ₹96/- per Equity Share bearing face value of ₹10/- each (“Equity Shares”)
Bid/Offer Opening Date – Monday, July 14, 2025 and Bid/Offer Closing Date – Wednesday, July 16, 2025.
Minimum Bid Lot is 2,400 Equity Shares and in multiples of 1200 Equity Shares thereafter.
RISKS TO INVESTORS
Mumbai, July 8, 2025: Spunweb Nonwoven Limited has fixed the price band of ₹90/- to ₹96/- per Equity Share of face value ₹10/- 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 per square 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 ₹ 5.44 crore in Fiscal 2024 to ₹ 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.
Disclaimer: Spunweb Nonwoven Limited has filed a Red Herring Prospectus dated July 04, 2025 with the ROC. The Red Herring Prospectus shall be made available on the website of the SEBI at www.sebi.gov.in as well as on the website of the BRLM i.e., Vivro Financial Services Private Limited at www.vivro.net, the website of the NSE at www.nseindia.com. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risks, see “Risk Factors” on page 30 of the Red Herring Prospectus. The Equity Shares issued in the Issue have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or any state securities laws in the United States and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons” (as defined in Regulation S of the Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Accordingly, the Equity Shares will be offered and sold (i) within the United States only to persons reasonably believed to be “Qualified Institutional Buyers” (as defined in Rule 144A of the Securities Act) under Section 4(a) of the Securities Act and (ii) outside the United States in offshore transaction in reliance on Regulation S under the Securities Act and the applicable laws of the jurisdiction where those offer and sales occur. The Equity Shares have not been and will not be registered, listed or otherwise qualified in any other jurisdiction outside India and may not be offered or sold, and Application may not be made by persons in any such jurisdiction, except in compliance with the applicable laws of such jurisdiction.
DISCLAIMER CLAUSE OF SECURITIES AND EXCHANGE BOARD OF INDIA (“SEBI”): Since the Issue is being made in terms of Chapter IX of the SEBI ICDR Regulations, the Red Herring Prospectus has been filed with SEBI in terms of the Regulation 246 (5) of the SEBI ICDR Regulations, and the SEBI shall not issue any observation on Issue Document. Hence, there is no such specific disclaimer clause of SEBI. However, investors may refer to the entire “Disclaimer Clause of SEBI” on page no. 329 of the Red Herring Prospectus.
DISCLAIMER CLAUSE OF NSE (The Designated Stock Exchange): It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Issue Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Issue Document. The investors are advised to refer to the Issue Document for the full text of the “Disclaimer Clause of NSE” on page no. 329 of the Red Herring Prospectus.
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