About Shreedhar Spinners IPO
Shreedhar Spinners IPO Details
The Shreedhar Spinners IPO is a 100% book-built issue comprising a fresh issue of up to 57,88,000 equity shares with a face value of ₹10 each, aggregating up to ₹30.68 crore at the upper price band. There is no Offer for Sale (OFS) component, meaning the entire issue consists of new shares. The company filed its Draft Red Herring Prospectus (DRHP) with NSE Emerge on January 9, 2026.
The price band has been fixed at ₹50 to ₹53 per equity share with a lot size of 2,000 equity shares. The minimum retail application is 2 lots (4,000 shares), requiring ₹2,12,000 at the upper price band. The IPO is open for subscription during the period of June 23-25, 2026, on the NSE SME (Emerge) platform, with listing scheduled for July 1, 2026. The book-running lead manager of the issue is Marwadi Chandarana Intermediaries Brokers Pvt. Ltd., while MUFG Intime India Pvt. Ltd. is the registrar to the offer.
Shreedhar Spinners IPO Date & Timeline
The Shreedhar Spinners IPO is officially set to open for subscription on Jun 23, 2026 and will close on Jun 25, 2026. The company filed its draft red herring prospectus with the NSE Emerge on January 9, 2026. The company is now all set with its schedule after getting the regulatory approval. Allotment of shares will happen post-subscription, which will take place on Jun 29, 2026. After that, the company will make a refund and issue shares in the demat accounts of the shareholders on Jun 30, 2026. Lastly, Shreedhar Spinners Ltd. shares will list on the stock market on July 1, 2026.
Shreedhar Spinners IPO Timeline
| IPO Open Date | Tue, Jun 23, 2026 |
| IPO Close Date | Thu, Jun 25, 2026 |
| Tentative Allotment | Mon, Jun 29, 2026 |
| Initiation of Refunds | Tue, Jun 30, 2026 |
| Credit of Shares to Demat | Tue, Jun 30, 2026 |
| Tentative Listing Date | Wed, Jul 1, 2026 |
| Cut-off time for UPI mandate confirmation | - |
Shreedhar Spinners IPO Details
| Detail | Description |
|---|---|
| IPO Date | 23 to 25 Jun, 2026 |
| Listing Date | 1 Jul, 2026 |
| Face Value | ₹ 10 per share |
| Issue Price Band | ₹ 50 to ₹ 53 |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 57,88,000 shares (agg. up to ₹ 31 Cr) |
| Reserved for Market Maker | 3,86,000 shares (agg. up to ₹ 2 Cr) |
| Fresh Issue(Ex Market Maker) | 54,02,000 shares (agg. up to ₹ 29 Cr) |
| Net Offered to Public | 54,02,000 shares (agg. up to ₹ 29 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,56,50,000 shares |
| Share Holding Post Issue | 2,14,38,000 shares |
Shreedhar Spinners IPO GMP (Grey Market Premium)
"Grey Market Premium" or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Shreedhar Spinners IPO GMP is currently not available or trading at ₹0 as the market has not yet initiated unofficial trading for this specific issue. This premium suggests a potential listing price of ₹53, which is 0% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
Shreedhar Spinners GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 20 Jun 2026 | ₹53 | ₹0 | 20 Jun, 202611:53 AM |
| 19 Jun, 2026 | ₹53 | ₹0 | 19 Jun, 202610:27 AM |
| 18 Jun, 2026 | ₹53 | ₹0 | 19 Jun, 202610:27 AM |
| 17 Jun, 2026 | ₹53 | ₹0 | 17 Jun, 202610:17 AM |
Company Background
Shreedhar Spinners Limited was incorporated as Shreedhar Spinners Private Limited on December 9, 2020, in Mumbai, Maharashtra, under the Companies Act, 2013. The company became a public limited company on November 17, 2025, with the name change to Shreedhar Spinners Limited. The company is located at 503, Matharu Arcade, Subhash Road, Vile Parle East, Mumbai, Maharashtra. The company has scaled up tremendously since its formation period, with the turnover rising from ₹20.24 crore in FY23 to ₹134.27 crore in FY25, positioning itself as a concentrated manufacturer of compact spun cotton yarn for domestic consumption in the textile industry.
Operations & Product Range
The primary activity of Shreedhar Spinners Limited is the manufacturing of compact spun cotton yarn with a count ranging from Ne 10s to Ne 40s. The yarn produced by the company can be used in various applications such as apparel, denim, home textiles, furnishings, and industrial textile items. The company runs a spinning unit with 28,608 spindles at the Amravati Textile Park, Maharashtra, with an annual installed capacity of 10,000 MT.
Facilities & Capacity
The manufacturing unit of Shreedhar Spinners Ltd is situated in the Amravati Textile Park, Amravati, Maharashtra. The unit is provided with machinery consisting of 28,608 spindles, with an installed capacity of producing 10,000 MT of compact spun cotton yarn per annum. The plan of the company for expansion through funding from its IPO would include buying more machinery at its current location in Amravati.
Brands & Market Presence
The company is active under the brand "Shreedhar Spinners" in the textile industry of India. The market positioning of the company is mainly restricted to the Indian textile market, catering to weavers, knitters, and textile manufacturers in Maharashtra and other textile-producing areas of India. The ISI-certified yarn produced by the company caters to various uses like apparel, home textiles, and industrial fabric manufacturing.
Revenue Streams & Business Model
Shreedhar Spinners Limited primarily generates revenue from the sale of compact spun cotton yarn manufactured at its Amravati facility. The company follows a manufacturing-focused business model, processing raw cotton into finished yarn for sale to domestic textile producers. Revenue has grown significantly over the years — from ₹20.24 crore in FY23 to ₹126.14 crore in FY24 and ₹134.27 crore in FY25, and further to ₹146.37 crore in FY26. Profitability has also improved sharply, with Profit After Tax (PAT) turning around from a loss of ₹1.43 crore in FY23 to ₹3.35 crore in FY24, ₹3.42 crore in FY25, and ₹6.17 crore in FY26.
Management & Shareholding
This company is promoted by Dharmendra Mohandas Goyal, Vishal Agarwal, Varesh Goyal, Sunita Dharmendra Goyal, and Pooja Agarwal. The promoters collectively hold 96.55% of the pre-issue equity capital. Following the issue, the promoters will collectively hold approximately 70.48% of the company. The required portion of post-issue equity capital shall be locked up in accordance with applicable regulations.
Board & Key Management
Shreedhar Spinners Ltd. has a professional management team. Dharmendra Mohandas Goyal is the Managing Director and acts as the strategic leader responsible for steering the company’s manufacturing activities. Other members of the board include the remaining sponsor directors and independent directors. Together, the leadership team leverages its industry experience to drive the company's expansion in the compact spun yarn segment.
Shreedhar Spinners IPO Financial Information
Latest Revenue
146.37
₹ Crore
Profit After Tax
6.17
₹ Crore
Net Worth
29.76
₹ Crore
Total Borrowing
115.9
₹ Crore
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2026 | 172.12 | 146.37 | 6.17 | 29.76 | 14.11 | 115.9 | |||
| 31 Mar 2025 | 102.32 | 134.26 | 3.42 | 20.34 | 1.92 | 65.31 | |||
| 31 Mar 2024 | 92.28 | 126.13 | 3.35 | 16.92 | 5.34 | 62.11 | |||
| 31 Mar 2023 | 82.56 | 20.24 | -1.43 | 13.57 | 8.37 | 63 | |||
| Amount in ₹ Crore | |||||||||
Shreedhar Spinners Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 24.64 % |
| ROCE | 9.34 % |
| Debt/Equity | 3.89 |
| RoNW | 20.74 % |
| PAT Margin | 4.22 % |
| EBITDA Margin | 12.04 % |
| Price to Book Value | 2.79 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.94 | 2.88 |
| P/E (x) | 13.44 | 18.41 |
Shreedhar Spinners IPO Objectives
The company mainly aims to utilise the IPO proceeds for strategic purposes:
- • Funding incremental working capital requirements to support growing production and sales volumes
- • Purchase of machinery for the existing manufacturing facility at Amravati, Maharashtra, to expand production capacity
- • General corporate purposes
Shreedhar Spinners IPO Review
Shreedhar Spinners Limited operates in the cotton yarn manufacturing segment, a sector that forms the backbone of India's textile value chain. The company's facility at Amravati Textile Park is strategically located in a designated textile zone, providing access to infrastructure support and a skilled labour base. Its focus on compact spun cotton yarn a premium yarn variant known for superior strength, smoothness, and lower hairiness positions it to cater to high-quality apparel and home textile manufacturers.
In financial terms, the company has performed exceptionally well. Revenue rose from ₹20.24 crore in FY23 to ₹146.37 crore in FY26, registering a 3-year CAGR of about 93.4%. Positive PAT of ₹6.17 crore was recorded in FY26 after turning positive in FY24. This indicates the improvement in operational efficiency and increasing margins with increased scale. Year-on-year sales growth of 9.02% in the current year and profit growth of 80.7% in the same year indicate that the firm is gaining operational momentum. The company has also maintained a healthy ROE of approximately 21.65% over the past three years.
However, there are certain risks associated with the company’s business. Being an industry linked to textiles, the company’s revenues may be impacted by the cyclical nature and fluctuating prices of cotton, thereby influencing raw material costs. A concentration risk exists since all revenue is derived from the company's sole manufacturing plant at Amravati. A moderate interest coverage ratio for the firm needs to be considered as it expands. Overall, the IPO provides an opportunity to invest in a rapidly growing compact yarn manufacturer leveraging India's strong domestic textile demand.
Conclusion
The Shreedhar Spinners IPO represents a significant milestone for a company producing premium compact spun cotton yarn that has expanded its capacity and footprint quickly since its inception in 2020. Having a technologically advanced plant located in Amravati capable of running 28,608 spindles with a production capacity of 10,000 MT per annum, along with proven product lines addressing the needs of apparel, home textiles, and industrial applications, together with excellent financial results, revenues above ₹146 crore and PAT reaching ₹6.17 crore in FY26, sets the company up for the next level. The planned machinery addition and working capital infusion from IPO proceeds should further strengthen its production capacity and market reach.
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Competitive Strengths
Compact Spun Yarn Specialisation: Manufacturer of premium compact spun cotton yarn with sizes ranging from Ne 10s to Ne 40s and suitable for high-end apparel, denim, home textiles, and other fabrics
Modern Infrastructure: Operates a state-of-the-art spinning facility with 28,608 spindles and 10,000 MT annual capacity at the Amravati Textile Park
Rapid Revenue Scaling: Revenue grew from ₹20.24 crore in FY23 to ₹146.37 crore in FY26, reflecting a 3-year CAGR of approximately 93%
Improving Profitability: PAT turned positive in FY24 and grew to ₹6.17 crore in FY26 with a healthy ROE of 21.65%
Strategic Location: Manufacturing facility located in a designated textile zone, ensuring infrastructure support and access to skilled labour
Download regulatory filings
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 4000 | 212000 |
| Individual investors (Retail) (Max) | 2 | 4000 | 212000 |
| S-HNI (Min) | 3 | 6000 | 318000 |
| S-HNI (Max) | 9 | 18000 | 954000 |
| B-HNI (Min) | 10 | 20000 | 1060000 |