Spunweb Nonwoven Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Spunweb Nonwoven 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
₹96
Per ShareLot Size
1200 Shares
Minimum Investment
₹1,15,200
Issue Size
₹60.98 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Spunweb Nonwoven Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
88.5%
Promoter Holding (Post-Issue)
65.18%
Issue Type
Book Building - SME
ISIN
INE19QH01010
About the Company
The Company, along with its wholly owned subsidiary, Spunweb India Private Limited, are 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). The Company 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. Its product portfolio consists of hydrophobic nonwoven fabric, hydrophilic nonwoven fabric, super soft nonwoven fabric, UV treated fabric, antistatic nonwoven fabric and FR treated fabric.
Industry Overview
The global consumption of non-woven fabric increased from 10,811 Thousand Tons in CY19 to 15,285 Thousand Tons in CY23 at a CAGR of 9.0%, driven by rising demand across industries such as healthcare, hygiene, and packaging. Hydrophobic and hydrophilic non-woven fabrics are the most widely used globally, making up over 67% of the market in CY23. Their consumption grew from 6,341 Thousand Tons in CY19 to 10,252 Thousand Tons in CY23, with a CAGR of 12.8%. In CY23, global sales of hydrophobic and hydrophilic non-woven fabrics amounted to USD 29,259 million, and this figure is expected to rise to USD 40,773 million by CY29, reflecting a CAGR of approximately 5.7%.
Company History
Spunweb Nonwoven Limited was incorporated as "Spunweb Nonwoven Private Limited" as a private limited company in Rajkot, Gujarat under the provisions of the Companies Act, 2013, pursuant to a certificate of incorporation dated August 06, 2015, issued by the Registrar of Companies, Gujarat. Subsequently, the Company was converted into a public limited company pursuant to a special resolution passed by its Shareholders at the Extra Ordinary General Meeting held on July 06, 2024, and the name of the Company was changed to "Spunweb Nonwoven Limited". A fresh certificate of Incorporation consequent upon conversion from a Private Limited company to Public Limited company dated September 06, 2024, was issued by the Registrar of Companies, Central Processing Centre. The Corporate Identification Number of the Company is U17291GJ2015PLC084107.
Products & Services
- The Company is engaged in the business of manufacturing of polypropylene spunbond nonwoven fabrics primarily used in industries such as hygiene, healthcare, packaging, agriculture and others.
Growth Strategy
- Expand its presence across end-user industries, diversify its customer base and geographical reach.
- Continue to expand its product portfolio.
- Optimizing utilisation of the installed capacity at its existing facilities.
- Leveraging of its marketing skills and relationships.
- Effective working capital management to utilise the existing unutilized production capacity and increase financial efficiency.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY23 to FY25.
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 issue of upto 63,51,600 equity shares of face value of Rs.10/- each of Spunweb Nonwoven Limited (formerly known as Spunweb Nonwoven Private Limited), ("Spunweb" or the "Company" or the "Issuer") for cash at a price of Rs. 96 /- per equity share including a share premium of Rs. 86/- per equity share (the "Issue Price") aggregating to Rs.60.98 crores ("the Issue"), of which 3,21,600 equity shares of face value of Rs.10/- each for cash at a price of Rs. 96/- per equity share including a share premium of Rs. 86/- per equity share aggregating to Rs.3.09 crores was reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 60,30,000 equity shares of face value of Rs.10/- each at a price of Rs. 96 /- per equity share including a share premium of Rs. 86 /- per equity share aggregating to Rs.57.89 crores is hereinafter referred to as the "Net Issue". the issue and the net issue constituted 26.35% and 25.02%, respectively, of the post issue paid up equity share capital of ther company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- The Company is one of the largest manufacturers of spunbond nonwoven fabrics in India.
- The Company provides tailored spunbond nonwoven fabric manufacturing for industry specific needs.
- Long standing association with different consumers in diverse industries and geographies.
- Advanced spunbond technology along with cleanroom technology for manufacturing process.
- Experienced Promoters supported by a strong management and execution team.
- Our Company and SIPL are dependent on limited number of suppliers for supply of raw materials and we have not made any long-term supply arrangement or agreement with our suppliers. In an eventuality where our suppliers are unable to deliver us the required materials, at a competitive price, in a time-bound manner it may have a material adverse effect on our business operations and profitability. The Majority of our raw materials are sourced from few key suppliers. Discontinuation of the operations of such suppliers may adversely affect our ability to source raw materials at a competitive price.
- The Company derives revenue from diversified customers whereas SIPL derives a significant portion of its revenue from a limited number of customers. Its inability to acquires new customers or loss of all or a substantial portion to any of the company major customers, for any reason and/or continued reduction of the business from them, could have a material adverse impact on its business, results of operations, cash flows and financial condition.
- Underutilization of the installed capacities at our Company and SIPL may impact adversely on our growth and future profitability.
- We have significant working capital requirements and the objects of the Issue include funding working capital requirements of our Company and our wholly owned subsidiary SIPL, which is based on certain assumptions and estimates. Any failure in arranging adequate working capital for our operations may adversely affect our business, results of operations, cash flows and financial conditions.
- We derive a significant portion of our revenue from operations from domestic sales which exposes us to risks specific to Indian geographies and market.