Shreedhar Spinners SME: Check IPO Date, Live Subscription and Key Details
Shreedhar Spinners Limited, incorporated in December 2020, is a specialized textile manufacturing enterprise engaged in production of 100% compact spun cotton yarn with counts ranging across Ne 10s to Ne 40s. Operating out of a modern spinning infrastructure spanning roughly 1,20,000 square meters inside the Amravati Textile Park, Maharashtra, the company runs continuous 24x7 production lines equipped with over 28,608 spindles and technical yarn clearing testing devices from USTER (Switzerland). The company operates exclusively inside a B2B framework, supplying technical-grade knitting and weaving yarns directly to national fabric processors, textile exporters, and wholesale traders.
Price Range
₹50.0 - ₹53.0
Issue Size
₹30.68 Cr
Lot Size
2,000 shares
IPO Type
NSE SME
GMP
-
Est. Listing Price
₹53
Estimate Profit
-
Retail Portion
35.02%
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
2.88
P/E Ratio
18.41
RoNW
20.74%
ROE
24.64%
Debt to Equity
3.89
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Timeline
IPO Opens
23 Jun
IPO Closes
25 Jun
Allotment
29 Jun
Listing
1 Jul
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 23 June 2026 | Subscription starts |
| IPO Close Date | 25 June 2026 | Subscription ends |
| Allotment Date | 29 June 2026 | Allotment |
| Listing Date | 1 July 2026 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,12,000 |
SHNI (Min) | 3 | ₹3,18,000 |
SHNI (Max) | 9 | ₹9,54,000 |
BHNIAbove ₹10,00,000 | 10 | ₹10,60,000 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 49.94% |
| NII (Non-Institutional Investor) | 15.03% |
| SHNI (Small Non-Institutional Investor) | 4.68% |
| BHNI (Big Non-Institutional Investor) | 9.35% |
| Retail | 35.02% |
| Market Maker | 6.67% |
| Total | 100.00% |
IPO Objectives
- Funding the incremental long-term working capital requirements of the Company to manage processing procurement cycles (₹21.04 Cr).
- Capital expenditure towards the purchase and setup of advanced plant machineries into its existing facility at Amravati, Maharashtra (₹4.95 Cr).
- General Corporate Purposes.
Strengths
- The company operates an Integrated Manufacturing Hub, housing a scalable spinning grid allocated under a long 95-year leasehold configuration inside the Amravati Textile Park.
- It maintains Strict Quality Verification, employing premier automated Swiss-made USTER contamination sorters and quantum clearers to minimize product waste ratios.
- The business benefits from Experienced Financial Leadership, being spearheaded by promoters Dharmendra Mohandas Goyal and Vishal Agarwal, who are both practicing Chartered Accountants with over 25 years of textile sector history.
- It ensures Uninterrupted Capital Utilization, facilitating continuous 24x7 production lines running 360 days a year to drive steady economies of scale.
Weaknesses
- The firm bears an Extremely Severe Debt Burden, carrying massive capital risk with total outstanding borrowings scaling to ₹115.90 Crores against a thin net worth of ₹29.76 Cr, creating a highly dangerous debt-to-equity leverage multiple of 3.89.
- It exhibits Depressed Capital Return Efficiency, with its Return on Capital Employed tracking exceptionally low at just 9.34%, signaling that debt servicing overheads heavily dilute core operating returns.
- The company faces Sluggish Topline Acceleration, as total revenues display highly moderate, single-digit annual scaling patterns, moving up by only 9% between FY25 and FY26.
- It handles Deep Regional Asset Concentration, since its production networks and major revenue channels are tightly bound within the local Maharashtra fabric processing market.
- The issue feels the impact of a Frozen Gray Market Sentiment, where parallel unlisted marketplace indicators are frozen flat with a tracking premium of ₹0, highlighting highly conservative or cautious local participant sentiment.
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Financial Performance
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets (₹ Cr.) | 172.12 | 102.32 | 92.28 |
| Revenue (₹ Cr.) | 146.55 | 134.43 | 126.35 |
| PAT (₹ Cr.) | 6.17 | 3.42 | 3.35 |
| Net Worth (₹ Cr.) | 29.76 | 20.34 | 16.92 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Shreedhar Spinners | 2.79 | 18.41 | 24.64% | 29.76 |
| Siddhi Cotspin | 0.52 | 7.35 | 7.08% | 79.52 |
| AB Cotspin India | 3.44 | 40.36 | 8.5% | 111.15 |
Subscription Details
Daily Bids Status
| Category | Day 1 |
|---|---|
| QIB | 0.02x |
| NII | 1.53x |
| S-HNI | 0.63x |
| B-HNI | 1.98x |
| RII | 0.41x |
| Total | 0.54x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 10,80,000 | 20,000 | 0.11 |
| NII | 8,12,000 | 12,42,000 | 6.58 |
| Small NII | 2,70,666 | 1,70,000 | 0.9 |
| Big NII | 5,41,334 | 10,72,000 | 5.68 |
| RII | 18,92,000 | 7,68,000 | 4.07 |
| Total | 37,84,000 | 20,30,000 | 10.76 |
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Company Details
- Shreedhar Spinners Ltd.
- 503, Matharu Arcade, Subhash Road, Vile Parle East, Mumbai, Maharashtra, 400057
- +91 22 4515 8777
- company.sec@shreedhar.com
- https://www.shreedharspinners.com/
Registrar Details
- MUFG Intime India Pvt.Ltd.
- +91-22-4918 6270
- shreedharspinners.smeipo@in.mpms.mufg.com
- https://in.mpms.mufg.com/
Frequently Asked Questions
What does Shreedhar Spinners do?
Shreedhar Spinners manufactures cotton yarn products and supplies compact spun cotton yarn to weaving, knitting, textile, and fabric processing companies.
What are the IPO dates for Shreedhar Spinners SME IPO?
The Shreedhar Spinners SME IPO will open for subscription on June 23, 2026, and close on June 25, 2026.
What is the price band and minimum investment for Shreedhar Spinners IPO?
The IPO price band is fixed at ₹51 to ₹53 per share. Retail investors need to apply for a minimum of 2 lots (4,000 shares), requiring an investment of ₹2,12,000 at the upper price band.
Why does Shreedhar Spinners have a high debt-to-equity ratio?
Shreedhar Spinners has a relatively high debt-to-equity ratio because the company has borrowed funds to expand its manufacturing capacity and add new spinning infrastructure.
Where will Shreedhar Spinners IPO be listed?
Shreedhar Spinners IPO is proposed to be listed on NSE SME (NSE Emerge), with the tentative listing date set for July 1, 2026.
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