IPO Corner: Spunweb Nonwoven Limited (SME IPO)

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 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.

• Issue Opens: July 14, 2025
• Issue Closes: July 16, 2025
• Face Value: Rs 10 each
• Price Band: Rs 90 – 96 per share
• Lot Size: 2400 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.

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. 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, Millenium Babycares, Sekhani Industries, Myra Hygiene Products, Rotech Healthcare, Poligof Micro Hygiene (India), Salus Products, Kwalitex Healthcare, JDS Nonwoven, Vyom Nonwoven, among others.

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.