Shreedhar Spinners IPO

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.