Spunweb Nonwoven IPO: The IPO of Spanweb Nonwoven Restricted has opened for subscription nowadays, ie 14 july. That is the IPO of the Smallcap segment of the NSE. The corporate has set a goal to lift ₹ 60.98 crore via its IPO. The fee band of the IPO has been stored at ₹ 90 to ₹ 96 in keeping with percentage. By way of 1:14 pm at the first day of subscription, this factor has been subscribed to a few.29 occasions. Retail traders have subscribed to their percentage of five.68 occasions and non-institutional traders (NII) 2.12 occasions. The final date of subscription of this IPO is 16 July.
Spinweb nonwoven IPO main points
The IPO of Spunweb Nonwoven of ₹ 60.98 crore is a contemporary factor of 63.52 lakh new stocks. The fee band of this SME IPO has been fastened at ₹ 90 to ₹ 96 in keeping with percentage. Its minimal lot dimension is 1,200 stocks. Buyers should follow for minimal 1,200 stocks. Retail traders will want no less than ₹ 2,16,000 funding to bid on this IPO. The allotment of Spanwab Nonwoven IPO might be finalized on July 17 and the stocks might be indexed on July 21 at NSE Emerge.
Vivro Monetary Services and products Personal Restricted is the book-hanging lead supervisor of Spanweb Nonwowe IPO, whilst MUFG is the Registrar of Inuition (Hyperlink Inteime) factor.
What does Spanweb Nonwoven do?
Spinweb Nonwonged Restricted, established in 2015, creates and exports nonwoven material. The corporate’s material is utilized in clinical, packaging, agriculture and production spaces. The earnings of Spanweb Nonwoven Restricted has higher by means of 47% between the monetary yr finishing March 31, 2024 from the monetary yr finishing March 31, 2025, and its benefit after tax has higher by means of 98%. This determine displays the corporate’s sturdy monetary efficiency within the earlier yr.
What’s the newest grey marketplace top class?
Consistent with the observers of the IPO marketplace, the unlisted stocks of Spanweb Nonwonged Restricted are recently buying and selling within the grey marketplace at ₹ 131 in opposition to the IPO value ₹ 96. Which means that its GMP is ₹ 35, which is 36.46% upper at its factor value. This means a robust list for GMP corporate stocks.