Shreedhar Spinners Limited is engaged in the manufacturing of 100% compact spun cotton yarn, with product offerings ranging from Ne 10s to Ne 40s, catering to both knitting and weaving applications in the textile industry.
The company operates a manufacturing facility located at Amravati Textile Park, Maharashtra, with an installed capacity of 10,000 MT per annum and 28,608 spindles. Its yarn products are used across multiple end-use sectors including apparel, denim, bed linen, terry towels, shirting, sweaters, socks, furnishing fabrics, and industrial textiles.
The company follows a B2B business model, supplying products to textile manufacturers, exporters, traders, and fabric processors, mainly across Maharashtra. It sources raw cotton from local ginners, traders, and the Cotton Corporation of India (CCI), benefiting from its presence in the cotton-rich Vidarbha region.
Shreedhar Spinners holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications and is led by promoters Dharmendra Mohandas Goyal and Vishal Agarwal, both having over 25 years of textile industry experience.
As of April 30, 2026, the company had a workforce of 164 employees across production, engineering, quality control, administration, and management functions.
Shreedhar Spinners IPO – Details
| IPO Opening Date | 23 June 2026 |
| IPO Closing Date | 25 June 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 57,88,000 Shares Worth ₹30.68 Crore Fresh Issue: 57,88,000 Shares Worth ₹30.68 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹50 – ₹53 per share |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares [ 1 Lot ] |
| Listing At | NSE SME |
| Registrar | MUFG Intime India Pvt. Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
Shreedhar Spinners IPO – Date Schedule
| IPO Open Date | 23 June 2026 |
| IPO Close Date | 25 June 2026 |
| Basis of Allotment | 29 June 2026 |
| Initiation of Refund | 30 June 2026 |
| Credit of Shares to Demat | 30 June 2026 |
| IPO Listing Date | 01 July 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 25, 2026 |
Shreedhar Spinners IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4000 | ₹2,12,000 |
| Retail (Max) | 2 | 4000 | ₹2,12,000 |
| S-HNI (Min) | 3 | 6000 | ₹3,18,000 |
| S-HNI (Max) | 9 | 18000 | ₹9,54,000 |
| B-HNI (Min) | 10 | 20000 | ₹10,60,000 |
Competitive Strength
- Manufacturer of compact spun cotton yarn with a capacity of 10,000 MT per annum.
- Modern spinning infrastructure with 28,608 spindles.
- Strong and long-standing customer relationships across the textile industry.
- Strategic location in the cotton-rich Vidarbha region ensuring raw material availability.
- ISO-certified quality, environmental, and safety management systems.
- Dedicated in-house quality control and testing facilities.
- Cost-efficient production and timely order fulfillment capabilities.
- Fully integrated spinning operations supported by modern technology.
Company Promoters
- Shreedhar Cotsyn Private Limited
- Dharmendra Mohandas Goyal
- Vishal Agarwal
- Sunita Dharmendra Goyal
- Pooja Agarwal
- Varesh Goyal
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | ₹126.35 Cr | ₹122.30 Cr | ₹3.35 Cr | ₹62.11 Cr |
| 31 March 2025 | ₹134.43 Cr | ₹130.90 Cr | ₹3.42 Cr | ₹65.31 Cr |
| 31 March 2026 | ₹146.55 Cr | ₹139.76 Cr | ₹6.17 Cr | ₹115.90 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 2026) |
|---|---|
| ROE | 24.64% |
| ROCE | 9.34% |
| Debt/Equity | 3.89 |
| RoNW | 20.74% |
| PAT Margin | 4.22% |
| EBITDA Margin | 12.04% |
| Price to Book Value | 2.79 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.94 | 2.88 |
| P/E (x) | 13.44 | 18.41 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Funding incremental working capital requirements of the Company. | ₹21.04 |
| Purchase of machineries into existing manufacturing facility at Amravati, Maharashtra. | ₹4.95 |
| General Corporate Purpose. | – |
✅Strengths
• Strategic location in Vidarbha ensures easy cotton sourcing.
• 10,000 MTPA capacity with modern spinning infrastructure.
• Promoters have 25+ years textile industry experience.
• Strong quality standards with ISO certifications.
⚠️Risks
• Dependent on volatile cotton prices affecting margins.
• Revenue depends only on B2B textile customers.
• Faces intense competition in the textile yarn industry.
• Operations are largely concentrated in Maharashtra.
Shreedhar Spinners IPO Promoter Holding
| Pre-Issue Share Holding | 96.55% |
| Post Issue Share Holding | 70.48% |
Shreedhar Spinners IPO Prospectus
Company Contact Information
| Shreedhar Spinners Limited 503, Matharu Arcade Subhash Road Vile Parle East, Mumbai, Maharashtra, 400057 Phone: +91 22 4515 8777 Email: company.sec@shreedhar.com Website: https://shreedharspinners.com/ |
Shreedhar Spinners IPO Registrar
| MUFG Intime India Pvt. Ltd. Phone: +91-22-4918 6270 Email: shreedharspinners.smeipo@in.mpms.mufg.com Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html |
Shreedhar Spinners IPO Lead Manager(s)
| 1. Marwadi Chandarana Intermediaries Brokers Private Limited |
Shreedhar Spinners IPO FAQ
| What is the Shreedhar Spinners IPO? Shreedhar Spinners IPO is an SME IPO. The issue is priced at ₹50 – ₹53 per equity share. The IPO is to be listed on NSE SME. |
| When will Shreedhar Spinners IPO open? The IPO is to open on 23 June 2026 for QIB, NII and Retail Investors. |
| What is Shreedhar Spinners IPO Investors’ Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Shreedhar Spinners IPO Size? Shreedhar Spinners IPO size is ₹30.68 Crore. |
| What are the Shreedhar Spinners IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 4000 Shares for ₹2,12,000, while the maximum bid is 4000 Shares for ₹2,12,000. |
| What is the Shreedhar Spinners IPO Allotment Date? Shreedhar Spinners IPO allotment date is 29 June 2026. |
| What is the Shreedhar Spinners IPO Listing Date? Shreedhar Spinners IPO listing date is 01 July 2026. The IPO is to be listed on the NSE SME. |
