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Shreedhar Spinners Ltd

Complete IPO details, including price band, financials, subscription status, and key insights.

Participate in the Shreedhar Spinners Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.

IPO Snapshot

Key metrics and details at a glance.

Price Band

₹53

Per Share

Lot Size

2000 Shares

Minimum Investment

₹1,06,000

Issue Size

₹30.68 Cr

Face Value

₹10

Per Share

IPO Type

Book Building - SME

Retail Quota

35.03%

QIB Quota

49.94%

NII Quota

15.03%

IPO Timeline

Important dates for your applying strategy.

IPO Opens23 Jun
IPO Closes25 Jun
Basis of Allotment29 Jun
Refund Initiation30 Jun
Shares Credited30 Jun
Listing Date1 Jul
IPO Process Completed

Subscription Status

Live demand across investor categories.

Track real-time subscription levels:

*Real-time data subject to exchange updates

Qualified Institutional Buyers (QIB)2.51x
Non-Institutional Investors (NII)10.21x
Retail Individual Investors (RII)5.71x
Overall Subscription6.17x

Shreedhar Spinners Ltd

Business model, operations, and market positioning.

Promoter Holding (Pre-Issue)

96.55%

Promoter Holding (Post-Issue)

70.5%

Issue Type

Book Building - SME

ISIN

INE0K3301012

About the Company

Our Company is primarily engaged into manufacturing of compact spun cotton yarn of various counts ranging from Ne 12s to Ne 32 at our manufacturing facility located at manufacturing units located at Plot No. T-15, additional Amravati industrial area textile park, Tuljapur, Amravati - 444901, Maharashtra, India for a period of 95 years leased from MIDC spread across 1,20,000 sq. mt. and has a production capacity of 5500 MT of cotton yarn, with 18240 spindles as on September 30, 2025. Our Manufacturing Facility operates 24 hours per day to maximize output and ensure uninterrupted operations and usually operates for approximately 360 days a year. We believe that, our manufacturing facility is equipped with modern state-of-the-art spinning technology and processing techniques which enable to ensure production of quality yarn. Our raw material; raw cotton bales are utilized for production of cotton yarns. These yarns are suitable for both knitting and weaving applications and catering to a wide spectrum of end-use segments and products including but not limited to Apparel, Denim, Terry towels, Shirting, Bed linen, Sweaters, Socks, Furnishing Fabrics and Industrial fabrics. We operate exclusively in the business-to-business (B2B) segment, supplying our products to buyers such as textile manufacturers, yarn exporters, traders and fabric processors (collectively "Customers").

Industry Overview

The overall size of India's textile and apparel market was around US$ 184 Bn. in FY2025. Indian domestic textile and apparel market was US$ 147 Bn. which has recovered at a 7% CAGR since the drop in 2020. The Ministry of Textiles has set a target for the domestic market to reach US$ 250 Bn. by FY2031, for this to happen the market must grow at a CAGR of 9% from FY2025. India's textile and apparel exports have grown with a CAGR of 2% since FY2020 to reach US$ 37 Bn. in FY2025. The Ministry of Textiles has an ambitious target of reaching US$ 100 Bn. exports by FY2031, requiring an accelerated growth of 18% CAGR. Apparel forms the largest share of exports, accounting for approx. 43% in FY2025. The total production capacity of India is increasing owing to the setting up of new manufacturing units across the value chain. India's textile and apparel imports have grown with a CAGR of 1% since FY2020 to reach US$ 9.2 Bn. in FY2025. India has demonstrated positive export performance in spun yarns. Between 2019 and 2024, India's spun yarn exports grew at a 2% CAGR, reaching 1.4 million tons in 2024. India holds a strong and strategic presence among the world's major spun yarn importers, with ample scope to further consolidate and expand its position. Leveraging its export competitiveness, particularly in 100% cotton and cotton blended yarns, India is well-positioned to deepen existing market share and diversify into underpenetrated yet promising geographies.

Company History

Our company was originally incorporated and registered as a private limited company under Companies Act, 2013 in the name and style of `Shreedhar Spinners Private Limited' vide certificate of incorporation dated December 9, 2020 registered number 351591 issued by the Registrar of Companies, Central Registration Centre. Further, pursuant to a resolution passed by our Board on October 06, 2025 and a resolution passed by our shareholders on November 01, 2025 our Company was converted into a public limited company. Consequently, the name of our Company was changed to "Shreedhar Spinners Limited", and a fresh certificate of incorporation dated November 17, 2025 issued by Registrar of Companies, Central Processing Centre.

Growth Strategy

  • Expansion of Manufacturing Facility & Expansion of existing capacity.
  • Entering into new geographies.
  • Maintaining strong relationship with our suppliers and customers.
  • Operational Efficiency and Manufacturing Excellence.

Financial Performance

Revenue, profit after tax and total assets across the last 3 reported financial years.

Standalone figures
Financial Performance Categories

Revenue

+16.0%vs FY24

Amount in ₹ crore

126
134
146
FY24FY25FY26

Profit After Tax (PAT)

+84.2%vs FY24

Amount in ₹ crore

3.35
3.42
6.17
FY24FY25FY26

Total Assets

+85.7%vs FY24

Amount in ₹ crore

93.1
103
173
FY24FY25FY26

Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.

Objects of the Issue

How the company plans to utilize IPO proceeds.

Use of Proceeds

The funds raised through this IPO will be used for:

Initial public offer of up to 57,88,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Shreedhar Spinners Limited ("the Company" or "the Issuer") at an issue price of Rs. 53 per equity share (including a share premium of Rs. 43 per equity share) for cash, aggregating up to Rs. 30.68 Crores ("Public Issue") out of which 3,86,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 53 per equity share for cash, aggregating Rs. 2.05 Crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. Issue of 54,02,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 53 per equity share for cash, aggregating up to Rs. 28.63 Crores is hereinafter referred to as the "Net Issue". The public issue and net issue will constitute 27.00% and 25.20% respectively of the post-issue paid- up equity share capital of the company. Price Band: Rs. 53/- per equity share of face value of Rs. 10 each. The floor price is 5.30 times of the face value of the equity shares. Bids can be made for a minimum of two lots and further in multiples of 2000 equity shares thereafter.

*Subject to approvals and market conditions.

Strengths & Risks

Key competitive advantages and factors to consider before investing.

Strengths and Risk Factors
  • Long term and expanding customer relationship across textile industry.
  • Fully integrated cotton spinning infrastructure with modern technologies to support the company product portfolio.
  • Experienced management team.
  • Location advantage of the manufacturing facility.
  • Cost effective production and timely fulfilment of orders
  • Some of the Equity Shares held by the Promoter, Shreedhar Cotsyn Private Limited, has been pledged with the SBICAP Trustee Company Limited.
  • The company financing agreements contain covenants that limit its flexibility in operating the company business and has a significant debt-equity ratio. Its inability to meet the company obligations, including financial and other covenants under the company debt financing arrangements could adversely affect its business, results of operations and financial condition. Additionally, the company Promoters has given personal guarantees in relation to certain financing arrangements provided to the Company by the lenders which may not continue after the completion of the Offer.
  • The company has in the past entered into related party transactions and may continue to does so in the future.
  • The company business is dependent on its operating facility in Amravati. The loss or shutdown of the company facilities could has a material adverse effect on its business, financial condition and results of operations.
  • The company generate a substantial portion of revenue from Maharashtra. Any adverse developments affecting its operations in the Maharashtra could has an adverse impact on the company revenue and results of operations.

Frequently Asked Questions

01

What is the minimum investment required to apply for this IPO?

The minimum investment depends on the lot size and the upper price band of the issue. Investors must apply for at least one lot, and the total investment amount is calculated by multiplying the lot size by the upper price band.
02

How is IPO allotment decided?

IPO allotment is determined based on demand and SEBI guidelines. If the IPO is oversubscribed in the retail category, allotment is typically done through a computerized lottery system to ensure fair distribution among eligible applicants.
03

When will I know if shares are allotted to me?

Allotment status is usually finalized a few days after the IPO closes. Once finalized, shares are either credited to your Demat account (if allotted) or the blocked funds are released back to your bank account.
04

Can I modify or cancel my IPO application?

Yes, you can modify or cancel your IPO application anytime before the IPO closing date. Changes can be made through your Alice Blue account, subject to exchange cut-off timings.
05

What happens if the IPO is oversubscribed?

If the IPO receives more applications than the number of shares available, it is considered oversubscribed. In such cases, allotment in the retail category is done on a proportionate or lottery basis, and not all applicants may receive shares.