Shreedhar Spinners IPO

The Shreedhar Spinners SME IPO is open between 23 Jun 2026 and 25 Jun 2026, offered at a price band of ₹51–53 per share, and is set to list on NSE. The IPO seeks to raise ₹30.68 crore. Retail investors bid in lots of 2000 shares, a minimum application of ₹2,12,000.

Issue structure

The IPO is structured entirely as a fresh issue of ₹28.63 crore, so the full proceeds flow to the company to fund its stated objects of the issue.

Objects of the issue

Per the offer document, the company intends to deploy the net proceeds primarily toward funding incremental working capital requirements of the company (₹21.04 crore), alongside purchase of machineries into existing manufacturing facility at amravati, maharashtra (₹4.95 crore). In all, 4 objects are disclosed — the full break-up is in the table above.

Financials

In FY2026, Shreedhar Spinners reported revenue of ₹146.55 crore and a net profit of ₹6.17 crore. Revenue grew from ₹126.35 crore in FY2024 to ₹146.55 crore in FY2026 (+16.0%). Net worth stood at ₹29.76 crore at the end of FY2026. At the upper band, that puts the issue at roughly 13.5× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.

Valuation

At the upper band, the issue is priced at 18.41× post-issue earnings and 2.79× book value, against a return on net worth of 20.74% and a debt-to-equity ratio of 3.89. These ratios come from the offer document and are for comparison, not a recommendation.

Peer comparison

The offer document names listed peers including AB Cotspin India Limted and Siddhi Cotspin Limited, with a median peer P/E of about 20×. The issue's own post-issue P/E works out to 18.41×.

Promoters

The promoters of the company are Shreedhar Cotsyn Pvt.Ltd., Dharmendra Mohandas Goyal, Vishal Agarwal, Sunita Dharmendra Goyal, Pooja Agarwal and Varesh Goyal. Promoter holding stands at 96.55% before the issue and comes down to 70.48% after listing.

Grey market premium (GMP)

In the unofficial grey market, Shreedhar Spinners shares are quoted at a premium of ₹0 implying an expected listing around ₹53, about +0.0% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.

Subscription

The Shreedhar Spinners IPO was subscribed 6.7 times overall. The strongest demand came from non-institutional investors (NII) at 14.58 times, with qualified institutional buyers (QIB) at 2.51× and retail investors at 5.71×.

Listing performance

Shreedhar Spinners listed on 1 Jul 2026 at ₹54.4, a premium of +2.6% over the issue price of ₹53.

What to weigh

When evaluating the Shreedhar Spinners IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend, subscription demand across investor categories and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.

About Shreedhar Spinners

Shreedhar Spinners Ltd. is engaged in the manufacturing of compact spun cotton yarn across a wide range of counts from Ne 12s to Ne 32s. Its manufacturing facility is located at Plot No. T-15, Additional Amravati Industrial Area Textile Park, Tuljapur, Amravati – 444901, Maharashtra, India. The facility spans approximately 1,20,000 square meters and has been allotted for a 95-year term, providing stability and scalability for future operations. As of September 30, 2025, the Company has an installed production capacity of 5,500 metric tonnes of cotton yarn per annum, supported by 18,240 spindles. The manufacturing unit operates continuously, running 24 hours a day for approximately 360 days a year, ensuring optimal utilisation of capacity and uninterrupted production. The facility is equipped with modern, state-of-the-art spinning technology and advanced processing techniques, enabling the production of high-quality cotton yarn. Raw cotton bales serve as the primary raw material, and the finished yarn is suitable for both knitting and weaving. The Company’s products cater to a wide range of end-use segments, including apparel, denim, terry towels, shirting, bed linen, sweaters, socks, furnishing fabrics, and industrial fabrics. The Company operates exclusively in the business-to-business (B2B) segment, supplying yarn to textile manufacturers, yarn exporters, traders, and fabric processors. Its strong focus on B2B customers allows it to streamline production planning, logistics, and supply chain operations, ensuring consistent quality, timely delivery, and efficient order fulfilment. The Company primarily serves customers with a significant presence in Maharashtra. The Company holds multiple internationally recognised certifications, including ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, reflecting its commitment to quality management systems, environmental responsibility, and occupational health and safety standards. To ensure consistent product quality, the Company has an in-house Testing and Quality Control team comprising five members as of September 30, 2025. The facility is equipped with manual, semi-automatic, and automatic testing machines, including online automatic contamination sorters, Uster Quantum Clearers, and advanced testing equipment from USTER (Switzerland). Rigorous testing of raw materials and finished goods helps improve procurement efficiency, minimise wastage, reduce returns, and enhance overall cost efficiency. Company Strengths  Modern Manufacturing Infrastructure State-of-the-art spinning technology and advanced processing systems enable the production of consistent, high-quality cotton yarn. Wide Product Range Ability to manufacture compact spun cotton yarn in counts ranging from Ne 12s to Ne 32s, suitable for diverse textile applications. High Operational Efficiency Continuous 24×7 operations for approximately 360 days a year ensure optimal capacity utilization and steady output. Strong Quality Assurance Systems In-house testing and quality control supported by advanced USTER equipment ensures superior yarn quality and reliability. International Certifications ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications demonstrate strong governance across quality, environmental, and safety standards. Exclusive B2B Focus Dedicated servicing of manufacturers, exporters, and traders allows customized yarn solutions based on specific technical requirements such as count, twist, and strength. Strategic Location Manufacturing facility located in Maharashtra with proximity to key textile markets, enabling efficient logistics and customer servicing. Cost Optimization and Waste Reduction Rigorous testing of raw materials and finished goods reduces wastage, returns, and procurement-related inefficiencies.