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Shreedhar Spinners IPO
7.84xsubscribed

Shreedhar Spinners IPO

Textile
listed
₹2.04LMin. investment

Shreedhar Spinners Limited IPO Details

SectorTextile
Price range₹51.00 – ₹53.00
IPO type
SME
Lot size2000 shares
Issue size₹31Cr
Red Herring Prospectus
Read
Market cap
₹113.62CrLower than sector avg
RevenueApr 2025 - Mar 2026
₹146.37CrLower than sector avg
Growth rate3Y CAGR
7.72%

Shreedhar Spinners IPO Subscription Status

Date
QIB
NII
Retail
Total
23-Jun-26
0.02 times (X)
4.59 times (X)
0.41 times (X)
0.63 times (X)
24-Jun-26
0.39X
13.22X
0.71X
1.65X
25-Jun-26
2.51X
45.1X
5.55X
7.84X

As on 23-Jun-26, 5:30 PM

Shreedhar Spinners IPO Timeline

  1. Pre-apply
    22 Jun 2026
  2. Bid start
    23 Jun 2026
  3. Bid end
    25 Jun 2026
  4. Allotment
    29 Jun 2026
  5. Release of funds
    30 Jun 2026
  6. Demat transfer
    30 Jun 2026
  7. Listing
    1 Jul 2026

About Shreedhar Spinners Limited

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.

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Objectives of Shreedhar Spinners Limited IPO

Working capital
68.50%
The company will utilise ₹21.03 crore for incremental working capital requirements.
Purchase of machineries
16.10%
The company will utilise ₹4.94 crore to purchase machinery for the existing manufacturing facility.
General corporate purposes
15.20%
Part of the IPO proceeds will be used for general corporate purposes and issue expenses

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹146.37Cr7.72%₹6.17Cr₹113.62Cr13.153.89
This sector (avg.)₹454.61Cr0%₹6.27Cr₹1,147.5Cr44.260.81
₹4,934.91Cr---₹729.14Cr₹36,802.21Cr48.160.19
₹6,387.88Cr---₹815.11Cr₹29,722.44Cr35.480.09
₹4,937.87Cr---₹874.41Cr₹13,216.91Cr22.420.40

*Revenue for financial year 2025-26. Lower P/E and D/E ratios are generally preferred.

Shreedhar Spinners IPO Contact Details

Company NameShreedhar Spinners Limited

How to apply for Shreedhar Spinners IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Shreedhar Spinners Limited IPO FAQs