Spunweb Nonwoven Set to Spin Growth with Upcoming IPO Launch
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Spunweb Nonwoven, a Gujarat-based manufacturer of Polypropylene spunbond non-woven fabrics, is preparing to make its debut on the public market with its first initial public offering (IPO), opening for subscription on July 14. Positioned as the first IPO in the SME segment next week, the company aims to raise Rs 60.98 crore through the fresh issue of 63.51 lakh equity shares.
The price band for the IPO is set between Rs 90 and Rs 96 per share. The subscription window will remain open until July 16, and the allotment of shares is scheduled to be completed by July 17. Investors can expect the shares to begin trading on the NSE Emerge platform from July 21.
Spunweb Nonwoven plays a significant role in the textile ecosystem by producing non-woven fabrics widely used in essential sectors such as hygiene, healthcare, packaging, and agriculture. These spunbond non-woven materials are known for being lightweight, breathable, and versatile, making them a preferred choice for masks, baby diapers, medical gowns, crop covers, and protective packaging.
The IPO proceeds are expected to fuel the company’s expansion plans, strengthen its production capabilities, and support working capital needs. With increasing demand for non-woven solutions in both domestic and international markets, Spunweb's public issue is seen as a strategic step towards scaling operations and attracting long-term investment.
As sustainability and health-focused materials gain traction, Spunweb’s upcoming listing may weave a new success story in India’s fast-growing non-woven textile landscape.
12:26 PM, Jul 09
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