Spunweb Nonwoven Limited is a leading manufacturer of polypropylene spunbond nonwoven fabrics that power everyday essentials — from hygiene and healthcare to agriculture and packaging. With its B2B model and export-oriented operations, Spunweb is a silent enabler behind products like diapers, masks, gowns, tarpaulins, and more.
🏭 Core Business Segments
📌 Technical Textile Manufacturing: Production of nonwoven fabrics in multiple variants including hydrophilic, hydrophobic, UV-treated, flame-retardant, and antistatic.
📌 Value-Added Fabric Solutions: Customizations such as lamination, slitting, printing, and sheet cutting to meet specific industrial needs.
📌 Global Supply Chain: Distribution to both domestic players and international buyers across hygiene, medical, agriculture, construction, and packaging industries.
📊 Capacity & Infrastructure
Spunweb’s production facility in Wankaner (Rajkot) is fully equipped to meet large-scale global demand:
✔️ 32,640 metric tonnes annual installed capacity
✔️ Fabric widths: 1.6m to 3.2m
✔️ GSM range: 7 to 150
✔️ 20+ color options with multi-format customization
The facility is certified with ISO 9001:2015 and includes advanced in-house labs with equipment like Universal Tensile and Rewet Testing Machines.
🌍 Global Reach & Export Markets
Spunweb exports its high-performance fabrics to over 10 countries, including:
🇺🇸 United States | 🇮🇹 Italy | 🇦🇪 UAE | 🇪🇬 Egypt | 🇰🇪 Kenya | 🇸🇦 Saudi Arabia | 🇳🇬 Nigeria
Its global demand is fueled by the hygiene sector, which alone accounts for 66%+ of revenue, followed by medical, packaging, and agriculture.
👥 Client Network
Spunweb supplies to major B2B clients, including:
🏷️ RGI Meditech Pvt. Ltd.
🏷️ Millenium Babycares Ltd.
🏷️ Poligof Micro Hygiene (India) Pvt. Ltd.
🏷️ Myra Hygiene Products Pvt. Ltd.
🏷️ Sekhani Industries Pvt. Ltd.
As of May 31, 2025, the company had 199 employees.
Spunweb Nonwoven IPO – Details
| IPO Opening Date | 14 July 2025 |
| IPO Closing Date | 16 July 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 63,51,600 Shares Worth ₹60.98 Crore Fresh Issue: 63,51,600 Shares Worth ₹60.98 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹90 – ₹96 per share |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares ( 1 Lot ) |
| Listing At | NSE SME |
| Registrar | MUFG Intime India Private Limited (Link Intime) |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Spunweb Nonwoven IPO – Date Schedule
| IPO Open Date | 14 July 2025 |
| IPO Close Date | 16 July 2025 |
| Basis of Allotment | 17 July 2025 |
| Initiation of Refund | 18 July 2025 |
| Credit of Shares to Demat | 18 July 2025 |
| IPO Listing Date | 21 July 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 16, 2025 |
Spunweb Nonwoven IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,30,400 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,30,400 |
| S-HNI (Min) | 3 | 3,600 | ₹3,45,600 |
| S-HNI (Max) | 8 | 9,600 | ₹9,21,600 |
| B-HNI (Min) | 9 | 10,800 | ₹10,36,800 |
Competitive Strengths
- One of the largest manufacturers of spunbond nonwoven fabrics in India.
- Tailored spunbond nonwoven fabric manufacturing for industry specific needs.
- A long-standing association with different consumers in diverse industries and geographies.
- Advanced spunbond technology along with cleanroom technology for the manufacturing process.
- Experienced Promoters supported by a strong management and execution team.
Company Promoters
- Jay Dilipbhai Kagathara
- Kishan Dilipbhai Kagathara
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹117.68 Cr | ₹115.97 Cr | ₹1.13 Cr | ₹49.50 Cr |
| 31 March 2024 | ₹154.20 Cr | ₹146.79 Cr | ₹5.44 Cr | ₹48.33 Cr |
| 31 March 2025 | ₹227.14 Cr | ₹211.39 Cr | ₹10.79 Cr | ₹91.16 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 31.63% |
| ROCE | 33.66% |
| Debt/Equity | 2.11 |
| RoNW | 31.63% |
| PAT Margin | 4.75% |
| EBITDA Margin | 13.75% |
| Price to Book Value | 3.95 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.08 | 4.48 |
| P/E (x) | 15.79 | 21.44 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Funding the working capital requirements of the company. | ₹29.00 |
| Investment in the wholly owned subsidiary, SIPL, for funding its working capital requirements. | ₹10.00 |
| Repayment, in full or in part, of certain borrowings availed by the company. | ₹8.00 |
| General Corporate Purposes |
✅Strengths
- Among India’s largest nonwoven fabric manufacturers (32,640 MTPA capacity).
- Wide product range: hydrophilic, UV-treated, flame-retardant, etc.
- Custom services: lamination, printing, slitting, coating.
- ISO 9001:2015 certified with advanced in-house testing labs.
- Strong domestic and global client base (USA, UAE, Italy, etc.)
⚠️Risks
- High dependence on a few raw material suppliers.
- Working capital-intensive operations.
- Major revenue from limited key customers.
- ₹91.15 Cr in borrowings as of FY25.
- No long-term contracts with buyers.
- Regulatory and compliance dependencies.
Spunweb Nonwoven IPO Promoter Holding
| Pre Issue Share Holding | 88.50% |
| Post Issue Share Holding | – |
Spunweb Nonwoven IPO Prospectus
Company Contact Information
| Spunweb Nonwoven Limited Survey No.109(2), N.H. 27 Near Wankaner Boundry Post at Jalida, Village Rangpar, Wankaner Rajkot, Gujarat, 363621 Phone: +91-87 5894 4844 Email: cs@spunweb.in Website: https://www.spunweb.com/ |
Spunweb Nonwoven IPO Registrar
| MUFG Intime India Private Limited (Link Intime) Phone: +91-22-4918 6270 Email: spunweb.ipo@linkintime.co.in Website: https://linkintime.co.in/Initial_Offer/public-issues.html |
Spunweb Nonwoven IPO Lead Manager(s)
| 1. Vivro Financial Services Private Limited |
Spunweb Nonwoven IPO FAQ
| What is Spunweb Nonwoven IPO? Spunweb Nonwoven IPO is a SME IPO. The issue is priced at ₹90 to ₹96 per equity share. The IPO is to be listed on NSE SME. |
| When Spunweb Nonwoven IPO will open? The IPO is to open on 14 July 2025 for QIB, NII, and Retail Investors. |
| What is Spunweb Nonwoven IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Spunweb Nonwoven IPO? You can apply Spunweb Nonwoven IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Spunweb Nonwoven IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Spunweb Nonwoven IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Spunweb Nonwoven IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Spunweb Nonwoven IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Spunweb Nonwoven IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Spunweb Nonwoven IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Spunweb Nonwoven IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Spunweb Nonwoven IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is the Spunweb Nonwoven IPO Size? Spunweb Nonwoven IPO size is ₹60.98 Crore. |
| What is the Spunweb Nonwoven IPO Price Band? Spunweb Nonwoven IPO Price Band is ₹90 to ₹96. |
| What is Spunweb Nonwoven IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 2400 Shares with ₹2,30,400 amount, while the maximum bid is 2400 Shares with ₹2,30,400. |
| What is the Spunweb Nonwoven IPO Allotment Date? Spunweb Nonwoven IPO allotment date is 17 July 2025. |
| What is the Spunweb Nonwoven IPO Listing Date? Spunweb Nonwoven IPO listing date is 21 July 2025. The IPO is to be listed on the NSE SME. |
