With steady activity in the SME segment during May and June 2025, the momentum in primary markets continues into July. Investors remain engaged as companies from varied industries come forward to raise capital. Adding to this trend, Spunweb Nonwoven Limited, a producer of non-woven polypropylene fabrics widely used in disposable medical and hygiene products, is launching its IPO on July 14, 2025.
This article provides a detailed overview of Spunweb Nonwoven Ltd.’s business model, IPO structure, financial position, and industry relevance.
About Spunweb Nonwoven Ltd.
Spunweb Nonwoven Limited, established in 2015, operates within India’s expanding manufacturing sector as a leading producer of polypropylene spunbond nonwoven fabrics. The company produces a wide range of nonwoven fabrics used across hygiene, healthcare, packaging, agriculture, construction, and furnishing sectors.
With two manufacturing facilities in Gujarat, it has an installed capacity of 32,640 metric tonnes per annum. Spunweb offers diverse products, including hydrophobic, hydrophilic, UV-treated, antistatic, and flame-retardant fabrics, catering to both domestic and international markets.
Spunweb’s strong management, advanced technology, and customer focus position it well for future growth in the expanding nonwoven fabric industry.
Spunweb Nonwoven Ltd. IPO Details
Spunweb’s IPO is a fresh issue, aiming to raise ₹60.98 crore through the issuance of 63.52 lakh equity shares. The company intends to utilise the proceeds for working capital, capital expenditure, and general corporate purposes.
Important IPO Timeline
| Event | Date |
| IPO Open Date | Mon, Jul 14, 2025 |
| IPO Close Date | Wed, Jul 16, 2025 |
| Tentative Allotment | Thu, Jul 17, 2025 |
| Initiation of Refunds | Fri, Jul 18, 2025 |
| Credit of Shares to Demat | Fri, Jul 18, 2025 |
| Tentative Listing Date | Mon, Jul 21, 2025 |
| Cut-off time for UPI confirmation | 5 PM on July 16, 2025 |
Key IPO Details
| Particulars | Details |
| Face Value | ₹10 per share |
| Price Band | ₹90 to ₹96 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 63,51,600 shares (aggregating up to ₹60.98 Cr) |
| Reserved for Market Maker | 3,21,600 shares (aggregating up to ₹3.09 Cr) |
| Net Offered to Public | 60,30,000 shares (aggregating up to ₹57.89 Cr) |
| Offer Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Shareholding (Pre-Issue) | 1,77,51,809 shares |
| Shareholding (Post-Issue) | 2,41,03,409 shares |
Lot Size of Crizac Ltd. IPO
| Application | Lots | Shares | Amount |
| Individual investors (Retail) (Min) | 2 | 2,400.00 | ₹2,30,400 |
| Individual investors (Retail) (Max) | 2 | 2,400.00 | ₹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 |
Spunweb Nonwoven Ltd. Financials
Spunweb Nonwoven Ltd. has demonstrated strong financial performance over the years, with consistent revenue and PAT growth. The company reported a 98% increase in PAT and a 47% growth in revenue between FY24 and FY25.
Key Performance Indicators (as of Mar 31, 2025)
- Return on Equity (ROE): 31.63%
- Return on Capital Employed (ROCE): 33.66%
- Debt-to-Equity Ratio: 2.11
- Return on Net Worth (RoNW): 31.63%
- Profit After Tax (PAT) Margin: 4.75%
- EBITDA Margin: 13.75%
- Price-to-Book Value: 3.95
Company Financial Snapshot
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets (₹ Cr) | 182.76 | 106.58 | 93.15 |
| Revenue (₹ Cr) | 227.14 | 154.24 | 117.68 |
| Profit After Tax
(₹ Cr) |
10.79 | 5.44 | 1.13 |
| EBITDA (₹ Cr) | 31.23 | 15.01 | 10.80 |
| Net Worth (₹ Cr) | 43.15 | 25.09 | 20.15 |
| Reserves and Surplus (₹ Cr) | 27.3 | 15.77 | 10.33 |
| Total Borrowing
(₹ Cr) |
91.16 | 48.33 | 49.5 |
Spunweb Nonwoven Ltd.: Industry Outlook
- Demand for non-woven fabrics is rising due to increased use in hygiene and medical products.
- Sectors like healthcare, agriculture, and packaging continue to drive steady consumption.
- Government procurement for hospitals and public health boosts institutional demand.
- Growth in disposable medical product usage supports long-term sector stability.
- Technology-driven manufacturing is improving product quality and cost efficiency.
Use of IPO Proceeds
As this is a fresh issue, Spunweb Nonwoven Ltd. will utilise the net proceeds from the IPO for the following purposes:
| S.No. | Objects of the Issue | Expected Amount (in Million ₹) |
| 1 | Funding the working capital requirements of the company | 290.00 |
| 2 | Investment in the wholly owned subsidiary, SIPL, for funding its working capital requirements | 100.00 |
| 3 | Repayment, in full or in part, of certain borrowings availed by the company | 80 |
| 4 | General Corporate Purposes | Remaining |
Conclusion
Spunweb Nonwoven Ltd. IPO offers investors a chance to participate in the growing non-woven fabric manufacturing sector, especially within the hygiene and healthcare segments. With strong year-on-year revenue and PAT growth, zero long-term debt concerns, and institutional supply linkages, the company appears fundamentally sound.
However, as with any SME IPO, investors should consider liquidity limitations, pricing risks, and the post-listing environment. Those with a medium to long-term horizon and interest in niche manufacturing could find this IPO suitable for portfolio diversification.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
