SME

IPO ·

NSE SME

Shreedhar Spinners Ltd

Listed

Incorporated in December 2020, Shreedhar Spinners Limited is a cotton yarn manufacturing company engaged in the production of 100% compact spun cotton yarn with counts ranging from Ne 10s to Ne 40s.

Issue details

Price band

₹51 – ₹53

Face value

₹10

Lot size

2,000 shares

Minimum investment

₹2,12,000

Issue size

₹30.68 Cr

Fresh issue

₹28.63 Cr

Offer for sale

—

Issue type

Book Built

Exchange

NSE SME

Key dates

Opens

23 Jun 2026

Closes

25 Jun 2026

UPI mandate cut-off

5:00 PM on 25 Jun 2026

Allotment

29 Jun 2026

Refunds

30 Jun 2026

Shares in demat

30 Jun 2026

Listing

1 Jul 2026

Subscription and listing

Subscription

4.98x

Listing price

₹54.40

Registrar

MUFG Intime India Pvt Ltd

Lead manager

Marwadi Chandarana Intermediaries Brokers

Subscription by category

Total

4.98x

Total applications

3,457

Anchor investors

Amount raised

₹8.58 Cr

Bid date

22 Jun 2026

50% lock-in ends

28 Jul 2026

Rest lock-in ends

26 Sep 2026

Listing day

Issue price

₹53

Open

₹54.40

High

₹57.10

Low

₹54.40

Day close

₹57.10

Listing gain at open

+2.64%

Issue structure

Shares reserved per category and share of the total issue

QIB Shares Offered

26,98,000

46.61%

Anchor Investor Shares Offered

16,18,000

27.95%

QIB (Ex. Anchor) Shares Offered

10,80,000

18.66%

NII Shares Offered

8,12,000

14.03%

bNII > ₹10L

5,40,000

9.33%

sNII < ₹10L

2,72,000

4.70%

Retail Shares Offered

18,92,000

32.69%

Market Maker Shares Offered

3,86,000

6.67%

Total Shares Offered

57,88,000

100.00%

Finaccle’s quick read

Avoid

FY26 income up 9%, PAT up 80%, ROE 24.64%, D/E 3.89, post-issue P/E 18.41x.

A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.

About the company

Incorporated in December 2020, Shreedhar Spinners Limited is a cotton yarn manufacturing company engaged in the production of 100% compact spun cotton yarn with counts ranging from Ne 10s to Ne 40s. The company operates a modern spinning facility located in the Amravati Textile Park, Maharashtra, with an installed production capacity of 10,000 MT per annum and 28,608 spindles. The company manufactures cotton yarn suitable for both knitting and weaving applications, catering to diverse end-use sectors such as apparel, denim, terry towels, shirting, bed linen, sweaters, socks, furnishing fabrics, and industrial textiles.

Founded

2020

2020

Promoters

Shreedhar Cotsyn Pvt.Ltd., Dharmendra Mohandas Goyal, Vishal Agarwal, Sunita Dharmendra Goyal,

Shreedhar Cotsyn Pvt.Ltd., Dharmendra Mohandas Goyal, Vishal Agarwal, Sunita Dharmendra Goyal,

Promoter holding

96.55% pre-issue; 70.48% post-issue

96.55% pre-issue; 70.48% post-issue

Financial performance

Restated figures in ₹ crore, latest period first

₹ crore, latest first. Full table on desktop.

Period

Total income

Income

EBITDA

PAT

Net worth

Borrowings

Debt

Assets

FY26

FY26

146.55

146.55

17.62

6.17

6.17

29.76

115.90

115.90

172.12

FY25

FY25

134.43

134.43

13.11

3.42

3.42

20.34

65.31

65.31

102.32

FY24

FY24

126.35

126.35

13.41

3.35

3.35

16.92

62.11

62.11

92.28

ROE

24.64%

ROCE

9.34%

Debt / equity

3.89

PAT margin

4.22%

P/E post issue

18.41

Market cap

₹113.62 Cr

Use of IPO money

Funding incremental working capital requirements of the Company

₹21.04 Cr

Purchase of machineries into existing manufacturing facility at Amravati, Maharashtra

₹4.95 Cr

General Corporate Purposes

₹1.63 Cr

Issue Expenses

₹3.07 Cr

Strengths

✓

PAT up 80% in FY26 to ₹6.17 Cr

✓

ROE of 24.64% and ROCE of 9.34%

Risks to watch

!

Thin PAT margin of 4.22%

!

High leverage: debt to equity 3.89

!

SME platform: large lot size and thinner trading liquidity

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Last updated:

Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.