Shreedhar Spinners Summary
The core business operation consists of producing compact spun cotton yarn for use in different counts ranging between Ne 12s and Ne 32s. The resulting yarn can be used for both knitting and weaving applications. The products produced by the company can be used in a variety of segments such as clothing, denims, terry towels, shirtings, bed linen, sweaters, socks, furnishings fabrics, and industrial fabrics. The company deals solely in the B2B market where it sells its products to textile manufacturers, yarn exporters, traders, and fabric converters.
As far as the procedure involved in conducting business is concerned, the corporation does all activities by utilizing the plant located on Plot No. T-15, Additional Amravati Industrial Area Textile Park, Tuljapur, Amravati – 444901, Maharashtra, India. The premises cover an area of around 1,20,000 square meters and have been allotted for a period of 95 years. The corporation serves many customers from textile manufacturing companies to yarn exporters and fabric processors. There should not be any issue regarding generation of constant revenues due to the fact that the corporation possesses a diversified product line (compact spun cotton yarn Ne 12s to Ne 32s), efficient quality management procedures (ISO certifications), exclusive B2B approach, and advantageous location of Maharashtra.
NSE SME book-built issue by Shreedhar Spinners Ltd., wherein face value is ₹10 per share with the price band of ₹50.00–₹53.00 per share. Issue size of ₹30.68 Cr, out of which the new issue is ₹28.63 Cr (fresh issue), and Market Maker portion is ₹2.05 Cr. Issue is bifurcated between QIBs including Anchor (49.94% of net issue), NII (15.03% of net issue), and Retail Investors (35.02% of net issue), and tentative listing of the stock will be on NSE SME on 1st July 2026.
Shreedhar Spinners IPO Details:
Shreedhar Spinners Limited Issue Management:
Marwadi Chandarana Intermediaries Brokers acts as the book-running lead manager for Shreedhar Spinners NSE SME IPO, managing underwriting and compliance.
Shreedhar Spinners Limited IPO RTA (Registrar) Details:
MUFG Intime India Pvt. Ltd. handles allotment, refunds, and demat credits - contact at +91-22-4918 6270 or shreedharspinners.smeipo@in.mpms.mufg.com.
Shreedhar Spinners Limited IPO Allotment Status:
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Shreedhar Spinners NSE SME IPO totals ₹30.68 Cr, comprising a fresh issue of ₹28.63 Cr and ₹2.05 Cr reserved for the market maker. The face value is ₹10 per share and the price band is ₹50.00–₹53.00 per share (book-built issue on NSE SME).
Shreedhar Spinners Limited IPO proceeds from the fresh issue will be deployed towards:
Shreedhar Spinners IPO offers 57,88,000 equity shares (total issue ₹30.68 Cr, net offer to public 54,02,000 shares after market-maker reservation).
The anchor bidding for Shreedhar Spinners Ltd. NSE SME IPO is scheduled one working day before the issue opens on 23rd June 2026 (i.e., 22nd June 2026), and anchor investors will be allotted shares from the QIB portion (within the overall QIB tranche, as per SME-IPO structure). As per the IPO reservation details, the QIB portion (including anchor) accounts for about 49.94% of the net issue size, with anchor investors getting 27.95% of net issue (16,18,000 shares) and the remainder QIB (ex-anchor) getting 18.66% (10,80,000 shares). The NII (HNI) portion is 15.03% and the Retail portion is 35.02%.
Lock-in: The anchor allocation follows standard NSE SME IPO norms, where 50% of the anchor shares are locked in for 30 days and the remaining 50% for 90 days from the listing date. The issue is scheduled to list on 1st July 2026 on NSE SME.
The anchor allocation details and investor list will be disclosed in the anchor book before the IPO opening. Marwadi Chandarana Intermediaries Brokers is the Book Running Lead Manager (BRLM) to the issue, and the registrar for the IPO is MUFG Intime India Pvt. Ltd.
Profit generated by Shreedhar Spinners Ltd. is through the manufacturing and marketing of compact spun cotton yarn (Ne 12s to Ne 32s) to textile manufacturers, yarn exporters, traders, and fabric processors in the B2B segment.
Analyzing the performance aspect concerning finances, one can say that there has been an increase in total income from ₹126.35 crore in FY24 to ₹134.43 crore in FY25 and to ₹146.55 crore in FY26 (a growth rate of 9% between FY25 and FY26). In addition, the PAT has gone up from ₹3.35 crore in FY24 to ₹3.42 crore in FY25 and further up to ₹6.17 crore in FY26 (growth rate of 81% between FY25 and FY26). When we talk about EBITDA of the firm, it has been ₹13.41 crore in FY24, ₹13.11 crore in FY25, and ₹17.62 crore in FY26. It should be mentioned that the margins had been very favorable since the EBITDA and PAT margins have been 12.04% and 4.22%, respectively, in FY26. ROE and ROCE of the firm stand at 24.64% and 9.34%, respectively, in FY26. Concerning the net worth of the firm, it has grown from ₹16.92 crore in FY24 to ₹20.34 crore in FY25 and to ₹29.76 crore in FY26.
Action Links:
To apply for Shreedhar Spinners Limited IPO, open a demat account here
Shreedhar Spinners Limited IPO Subscription Status: Check live subscription here
Shreedhar Spinners Limited IPO GMP Update: Check latest grey market premium here
Shreedhar Spinners Key Highlights:
Shreedhar Spinners Ltd is involved in the production of compact spun cotton yarn with different counts starting from Ne 12s up to Ne 32s.
The strengths of Shreedhar Spinners Limited include state-of-the-art production facility (1,20,000 sq.m area with 18,240 spindles), variety of products (Ne 12s to Ne 32s), efficient operations (24×7 work for 360 days per year), quality assurance mechanisms (in-house testing using USTER machines), international accreditations (ISO 9001:2015, ISO 14001:2015, ISO 45001:2018), sole B2B operation, strategic positioning in Maharashtra, and cost effectiveness with minimal waste through rigorous testing.
Nevertheless, recently, the organization has proved to be efficient when one talks about its financial performance since the total income made by the organization stands at ₹126.35 crore for FY24, ₹134.43 crore for FY25, and ₹146.55 crore for FY26 (with an increase of 9%). Nevertheless, profit after tax (PAT) has shown an increment from ₹3.35 crore for FY24, ₹3.42 crore for FY25, to ₹6.17 crore for FY26 (increase of 81%) while earning before interest, taxes, depreciation, and amortization (EBITDA) has shown an increase from ₹13.41 crore for FY24, ₹13.11 crore for FY25, and ₹17.62 crore for FY26. The margin for EBITDA and PAT stands at 12.04% for EBITDA and 4.22% for PAT (FY26). Return on equity and return on capital employed levels have been reported as 24.64% and 9.34% (FY26), respectively.
Shreedhar Spinners Risk Factors:
The risks of Shreedhar Spinners Limited IPO are mentioned below:
Dependence on Textile Products Industry: Dependent on orders of textile producers, yarn exporters, and fabric processors. Any reduction in operations or delays in orders from the textile industry might have an impact on profitability.
Volatility in Price of Critical Raw Material: Dependent on raw cotton bales as critical raw material used for production of cotton yarn. The volatility in prices of cotton might have an impact on the company's performance.
Environmental Regulations Issues: Cotton yarn production process is dependent on environmental regulations with respect to pollution, waste disposal, and water use. Non-conformity to regulations can create risks.
Risk of Liquidity with Respect to Listing of SME at NSE: Listing of firm on NSE SME with an issue size of ₹30.68 Cr and market capitalization of ₹113.62 Cr poses liquidity risks.
Level of Borrowings: Higher level of borrowings of ₹115.90 Cr compared to last financial year when it was ₹65.31 Cr and previous financial year where it was ₹62.11 Cr.
Risks Related to Promoters’ Share Reduction after IPO: After IPO, the promoters' share in the company will be reduced by 26.07% from the existing figure of 96.55% to 70.48%.
Risk Related to Capex: The proposed capex amount of ₹4.95 Crore to purchase machinery in the existing manufacturing plant located in Amravati is exposed to the risk of capacity utilization and return on investment.
Risk Related to Customers Concentration: Dependence on business-to-business clients who have a significant base in Maharashtra; late payment or order cancellation may affect revenue.
Risks of Competitors in the Cotton Yarn Industry: Competition in the textile product and cotton yarn industry might affect market share.
Shreedhar Spinners Expert Analysis:
Shreedhar Spinners's NSE SME IPO is a book-built issue with a price band of ₹50.00–₹53.00 per share (face value ₹10). The total issue size is ₹30.68 Cr, comprising a fresh issue of ₹28.63 Cr and ₹2.05 Cr reserved for the market maker. The IPO is structured for QIB (49.94% including anchor, with anchor getting 27.95% and QIB ex-anchor getting 18.66%), NII (15.03%), and Retail (35.02%) investors, with the tentative listing on NSE SME on 1st July 2026.
Basic details of the IPO:
Type of IPO: Book‑built SME IPO (NSE SME)
Uses of funds: Working capital requirements (₹21.04 Cr), Purchase of machineries at Amravati, Maharashtra (₹4.95 Cr), General corporate purposes (₹2.64 Cr)
Anchor bidding: 22nd June 2026 | Opens 23rd June 2026 | Closes 25th June 2026 | Allotment 29th June 2026 | Listing 1st July 2026 (NSE SME)
Lead Manager: Marwadi Chandarana Intermediaries Brokers | Registrar: MUFG Intime India Pvt. Ltd.
Expert View on the IPO:
This entity deals with production of highly dense spun cotton yarn (Ne 12s to Ne 32s) utilized in apparels, denim, terry towels, shirting, bed linen, sweaters, socks, furnishings, and industrial textiles. The products show good earnings with increased profitability levels (PAT has risen by 81% to ₹6.17 Cr from ₹3.42 Cr during FY25 to FY26). The company's equity shows pre-IPO and post-IPO P/E multiple ratio of 13.44x and 18.41x respectively along with P/B valuation ratio of 2.79x. On the contrary, the other firms that operate in the same sector like Siddhi Cotspin Limited (P/E multiple ratio of 6.39x and RoNW of 7.08%) and AB Cotspin India Limited (P/E multiple ratio of 33.69x and RoNW of 8.65%) show poor profitability figures (RoNW is 20.74% for Shreedhar vs. 7.08% and 8.65%). Some of the problems faced by this firm are cyclicality of textile industry, volatility in raw material (cotton) price, compliance issues, high debt level of ₹115.90 Cr, SME liquidity problems, heavy promoter dilution to 26.07% from 96.55% to 70.48%, and capex execution risk for machinery purchase.
Should you invest in Shreedhar Spinners?
An investor looking for a small-cap textile products manufacturing company listed on the SME board, with steady growth trajectory (9% revenue growth, 81% PAT growth in 1 year), moderate ROE (24.64%), and exposure to India's growing textile sector might find the IPO of Shreedhar Spinners interesting provided that he can handle SME listing limitations, raw material price volatility (cotton), environmental compliance, high debt burden (₹115.90 Cr), and promoter dilution.
Consider investing when:
Investment in the manufacturing process of spun cotton yarn (Ne 12s to Ne 32s) that cater textile producers, yarn exporter, trader, fabric processor and PAT growth rate of 81% in one year and ROE (24.64%) is desirable.
No risk issues with regard to liquidity of the shares of SME, fluctuating price of raw materials (price of cotton), environment related concerns, high level of debt (₹115.90 Crore) and promoter share dilution (26.07%).
There is no doubt in mind that money earned through the initial public offering will definitely be used for working capital requirement (₹21.04 Crore) and machinery purchases for the existing manufacturing unit in Amravati, Maharashtra (₹4.95 Crore).
Potential for growth in future because of the rise in demand of textiles and apparel manufacturing activities.
Do not invest when:
One would like to invest in companies that have engaged in diverse raw material hedging strategies, have numerous plants (at least one plant located at Amravati), and are less burdened with debt.
In terms of risks, one would like to avoid the liquidity risk in SMEs' shares, risk related to the price of raw materials (cotton), environmental regulations risk, high levels of borrowings (₹115.90 Crore), and risk related to promoter dilution.
Promoter dilution (from 96.55% to 70.48%), capital expenditure risk relating to machine purchase, and concentration risks related to B2B customers located in Maharashtra are not for you.
Business organizations you may consider would be those that feature low valuations (P/E<13), low debt/equity ratio, or good market positioning.
Investors are advised to exercise discretion and refer to the full DRHP/RHP document before reaching any investment decision. This analysis is for informative purposes and not investment advice.
Action Links:
To apply for Shreedhar Spinners Limited IPO, open a demat account here
Shreedhar Spinners Limited IPO Subscription Status: Check live subscription here
Shreedhar Spinners Limited IPO GMP Update: Check latest grey market premium here
1. What is the Shreedhar Spinners Limited IPO open and close date?
Shreedhar Spinners NSE SME IPO opens on 23rd June 2026 and closes on 25th June 2026. The tentative listing date on NSE SME is 1st July 2026.
Track Shreedhar Spinners Limited IPO subscription status live here from Finnpick.
2. What is the Shreedhar Spinners Limited IPO price band and lot size?
The IPO is a book-built SME issue with a price band of ₹50.00–₹53.00 per share (face value ₹10). The minimum bid for retail investors is 4,000 shares (2 lots), with subsequent bids in multiples of 2,000 shares. Minimum investment is ₹2,12,000.
3. What is Shreedhar Spinners Limited IPO total size?
The total issue size is ₹30.68 Cr, comprising a fresh issue of ₹28.63 Cr and ₹2.05 Cr reserved for the market maker. The net offer to the public is 54,02,000 shares (26,98,000 to QIB including 16,18,000 anchor, 8,12,000 to NII, 18,92,000 to Retail), after excluding 3,86,000 shares for Market Maker.
4. How to apply for the Shreedhar Spinners Limited IPO?
Open a demat here (Zerodha/Upstox/AngelOne) or apply ASBA by June 25, 4 PM. Monitor Shreedhar Spinners Limited IPO subscription tracker here. Ensure your demat account is active and UPI mandate is approved before the closing time.
5. How to check Shreedhar Spinners Limited IPO Allotment Status?
The allotment date is on June 29th and can be checked on MUFG Intime India Pvt. Ltd. RTA portal using PAN/DP ID.
6. What is Shreedhar Spinners Limited IPO GMP today and subscription status?
Current Grey Market Premium (GMP) stands at ₹0 as of June 17, indicating listing at the price range of ₹53 - check daily updates of Shreedhar Spinners Limited IPO GMP trends here and live subscription status here from June 23rd opening only on Finnpick.
7. What does Shreedhar Spinners Limited specialize in?
Shreedhar Spinners is engaged in manufacturing compact spun cotton yarn across a wide range of counts from Ne 12s to Ne 32s, suitable for knitting and weaving. Products cater to apparel, denim, terry towels, shirting, bed linen, sweaters, socks, furnishing fabrics, and industrial fabrics. The company operates exclusively in B2B segment, supplying to textile manufacturers, yarn exporters, traders, and fabric processors, primarily serving customers with significant presence in Maharashtra.
8. When is the Shreedhar Spinners Limited IPO listing date?
The IPO is scheduled to list on NSE SME on 1st July 2026, subject to final confirmation from the exchange. Basis of allotment is tentatively on 29th June 2026, with refunds and demat credits around 30th June 2026.
9. What are the Shreedhar Spinners Limited IPO proceeds utilization details?
The IPO proceeds will primarily be utilized towards: Funding incremental working capital requirements: ₹21.04 Cr, Purchase of machineries into existing manufacturing facility at Amravati, Maharashtra: ₹4.95 Cr, General corporate purposes: ₹2.64 Cr
10. Who are the promoters of Shreedhar Spinners Limited?
The promoters of Shreedhar Spinners Ltd. are Shreedhar Cotsyn Private Limited, Dharmendra Mohandas Goyal, Vishal Agarwal, Sunita Dharmendra Goyal, Pooja Agarwal, and Varesh Goyal. Pre-IPO promoter holding is 96.55%, which will dilute to 70.48% post-IPO (26.07% dilution).
11. Should I apply for the Shreedhar Spinners IPO?
You may consider applying if you are comfortable with an SME-listed textile products manufacturing business (compact spun cotton yarn Ne 12s to Ne 32s) with steady growth trajectory (9% revenue growth, 81% PAT growth in 1 year), moderate ROE (24.64%), and exposure to India's textile sector. Avoid if you are risk-averse to SME listing liquidity constraints, raw material price volatility (cotton), environmental compliance risks, high borrowings (₹115.90 Cr), significant promoter dilution (26.07%), and capex execution risk. This is for informational purposes only and not investment advice; read the RHP/DRHP and consult a SEBI-registered advisor before investing.
