Spunweb Nonwoven IPO subscribed over 122 times so far on day 3; here's how to check allotment online

Spunweb Nonwoven IPO: The initial public offer of non-woven fabrics manufacturer Spunweb Nonwoven has been booked 122.6 times so far on the final day of subscription on Wednesday, July 16.

The ₹60.98 crore initial share sale has received bids for 55,75,78,800 shares compared to 45,48,000 shares on offer, according to the data available on the National Stock Exchange (NSE) website until 1:17 pm.

The public issue, with a price band of ₹90 to ₹96 per share, is a completely fresh issuance of 63.52 lakh shares.

The net proceeds will be used to fund working capital needs, invest in wholly-owned unit SIPL, repay certain borrowings and cover corporate general purposes.

A lot size consists of 1,200 shares. The least investment for an individual investor is two lots or 2,400 shares. For high-net-worth individuals, the minimum investment size is three lots or 3,600 shares.

The basis of allotment of Spunweb Nonwoven will likely be finalised on July 17, while the listing on the NSE SME platform Emerge will occur on July 21.

Vivro Financial Services Pvt Ltd is the IPO's book-running lead manager, while MUFG Intime India (formerly Link Intime) is the registrar.

How to check Spunweb Nonwoven IPO allotment status on BSE

• Head to this URL: https://bseindia.com/investors/appli_check.aspx
• Keep issue type as 'Equity'
• From the 'Issue Name' list, select 'Spunweb Nonwoven Ltd'
• Enter any one: IPO application number or PAN details
• Press the 'Search' button

How to check Spunweb Nonwoven IPO allotment status on the MUFG Intime India

• Visit bid finalisation page of MUFG Intime India: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• Select 'Spunweb Nonwoven Ltd' from IPO names
• Enter any one: Application No, DP/Client ID, PAN, or Account No/IFSC
• Click on the ‘Submit’ button

Spunweb Nonwoven IPO GMP

Disclaimer: Grey Market Premium, or GMP, is an unofficial indicator of market sentiment toward an IPO. It is not regulated by the stock exchanges or SEBI. Upstox neither supports nor encourages grey market trading. Investors are advised to conduct their own research or consult an expert before making any investment decisions.

About Spunweb Nonwoven

Spunweb Nonwoven manufactures polypropylene spunbond nonwoven fabrics mainly used in industries like hygiene, packaging, healthcare, agriculture and others. It is among the largest makers in the spunbond nonwoven fabric industry in the country, with an installed production capacity of 32,640 megatonnes (MT) as of the financial year 2023-24.

Its product portfolio includes hydrophobic nonwoven fabric, super-soft nonwoven fabric, hydrophilic nonwoven fabric, antistatic nonwoven fabric, UV-treated fabric, and FR-treated fabric.

The company's customers include RGI Meditech Pvt Ltd, Millenium Babycares Ltd, Myra Hygiene Products Pvt Ltd, Rotech Healthcare Pvt Ltd, Sekhani Industries Private Limited, Poligof Micro Hygiene (India) Pvt Ltd, Salus Products Pvt Ltd, JDS Nonwoven, Vyom Nonwoven, Kwalitex Healthcare Pvt Ltd, among others.