Shreedhar Spinners IPO
smelistedAbout the company
Shreedhar Spinners is a cotton yarn producer based in the state of Maharashtra that specialises in the production of compact-spun cotton yarn. The company produces 100% cotton yarn, whose count varies from Ne 10/1 to Ne 40/1, representing a range of cotton yarn counts from coarse to fine. The company products are used for both knitting and weaving applications. Shreedhar Spinners yarns cater to an extensive array of end-uses such as apparel, denim, terry towels, shirting, bed linen, sweaters, socks, furnishing fabrics, and industrial fabrics. The company conducts its business activities in the B2B (Business-to-Business) segment and sells its yarns to textile manufacturing units, yarn exporters, traders, and processors of fabric. This business strategy enables the company to optimise its operations and produce customised yarns in accordance with specific technical specifications. The company manufactures its yarns at a completely integrated spinning mill comprising all necessary processes of yarn manufacturing. As of March 31, 2026, the company has 28,608 spindles capable of producing up to 10,000 MT annually. The customer base has grown consistently, with the company having 33 customers in FY24 to 42 customers in FY26 across seven states/union territories. Maharashtra continues to lead in terms of geography, with a contribution of 90.20% from operations in FY26, followed by Gujarat at 5.72%. The emerging markets are West Bengal and Tamil Nadu, with contributions of 2.11% and 1.21% in FY26, respectively.
GMP trend (Grey Market Premium by date)
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 25 Jun | ₹0 | ₹53 | 0 |
| 24 Jun | ₹0 | ₹53 | 0 |
| 23 Jun | ₹0 | ₹53 | 0 |
| 22 Jun | ₹0 | ₹53 | 0 |
| 21 Jun | ₹0 | ₹53 | 0 |
| 20 Jun | ₹0 | ₹53 | 0 |
| 19 Jun | ₹0 | ₹53 | 0 |
| 18 Jun | ₹0 | ₹53 | 0 |
Strengths
- Strong presence in the compact cotton yarn manufacturing segment.
- Modern manufacturing facility with substantial installed spinning capacity.
- Diverse customer base across apparel, denim, home textiles, furnishing fabrics, and industrial textiles.
- Consistent growth in revenue over recent financial years.
- Significant improvement in net profit, reflecting better operational performance.
- Healthy return ratios indicating efficient utilization of capital.
- Established relationships with textile manufacturers, exporters, and traders.
- Expansion plans through working capital enhancement and machinery upgrades.
- Experienced management team with industry expertise.
- Beneficiary of growing demand from the domestic textile and garment industry.
Risks
- Operates in a highly cyclical textile industry vulnerable to economic slowdowns.
- High debt levels increase financial and interest-rate risks.
- Profit margins remain susceptible to fluctuations in cotton and other raw material prices.
- Dependence on the cotton yarn segment limits diversification.
- Geographic concentration of manufacturing operations increases operational risk.
- Exposure to export market demand and global textile industry trends.
- Intense competition from organized and unorganized yarn manufacturers.
- Any disruption in raw material supply can affect production and profitability.
- SME-listed stocks generally witness lower liquidity and higher price volatility.
- Working capital-intensive business model may require continuous funding support.
Financial performance (₹ Cr)
Subscription breakup (final, times)
IPO Roadmap / Timeline
IPO Opens
Completed23 Jun 2026Bidding starts for all investor categories
IPO Closes
Completed25 Jun 2026Last day to place your bid
Basis of Allotment
Completed29 Jun 2026Share allotment finalised
Refund Initiation
Completed30 Jun 2026Refunds credited for non-allottees
Credit to Demat
Completed30 Jun 2026Allotted shares credited to demat account
Listing on Exchange
Completed01 Jul 2026Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 2000 | ₹106,000 | 1 | ₹106,000 | 1 lot only |
| HNI | 2 | 4000 | ₹212,000 | 2 | ₹212,000 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 2,980,769 | 15.5 | 59,615 | 0.02x | 100% |
| NII | 15% | 894,231 | 4.65 | 4,104,520 | 4.59x | 21.8% |
| Retail | 35% | 2,086,538 | 10.85 | 855,481 | 0.41x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
