Around 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 bids.
The qualified institutional buyers (QIBs)had made just 4 bids for 19,99,200 shares.
At 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 shares.
The 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 share.
Given 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) investors.The 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 debt.The stock is slated for listing on the NSE SME platform following the completion of the offering.
Spunweb 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 materials.
On 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 growth.
The 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.
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