Spunweb Nonwoven Ltd IPO
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Spunweb Nonwoven Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 63.52 L | TBA | ₹ 21.11 L | ₹ 157.09 L | NSE | ₹ 60.98 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 14 Jul, 25 | 16 Jul, 25 | 2400 | ₹ 2,16,000 | Book Building - SME | 21 Jul, 25 |
Spunweb Nonwoven Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Textiles - Products |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 66.17x | 3015000 | 199503600 |
| NII | 365.06x | 904500 | 330198000 |
| Retail | 251.87x | 2110500 | 531578400 |
| Employee | 0x | 0 | 0 |
| Total | 167.09x | 6351600 | 1061280000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Spunweb Nonwoven Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 148.61 | 115.92 | 113.82 |
| EBITDA | 24.95 | 14.47 | 9.73 |
| PAT | 5.97 | 1.18 | 3.45 |
| Total Assets | 56.78 | 40.36 | 31.95 |
| Share Capital | 10.00 | 10.00 | 10.00 |
| Total Borrowings | 47.49 | 47.33 | 48.16 |
| Operating Activities (Net Cash) | 14.68 | 7.68 | 5.89 |
| Investing Activities (Net Cash) | 1.90 | 2.41 | 2.30 |
| Financing Activities (Net Cash) | 47.49 | 47.33 | 48.16 |
| Net Cashflow | 0.17 | 0.10 | 0.12 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Spunweb Nonwoven Ltd
Spunweb Nonwoven Limited was incorporated as Spunweb Nonwoven Private Limited as a private limited company in Rajkot, Gujarat under the provisions of the Companies Act, 2013, pursuant to a certificate of incorporation dated August 06, 2015, issued by the Registrar of Companies, Gujarat. Subsequently, the Company was converted into a public limited company pursuant to a special resolution passed by its Shareholders at the Extra Ordinary General Meeting held on July 06, 2024, and the name of the Company was changed to Spunweb Nonwoven Limited. A fresh certificate of Incorporation consequent upon conversion from a Private Limited company to Public Limited company dated September 06, 2024, was issued by the Registrar of Companies, Central Processing Centre. The Corporate Identification Number of the Company is U17291GJ2015PLC084107.
The global consumption of non-woven fabric increased from 10,811 Thousand Tons in CY19 to 15,285 Thousand Tons in CY23 at a CAGR of 9.0%, driven by rising demand across industries such as healthcare, hygiene, and packaging. Hydrophobic and hydrophilic non-woven fabrics are the most widely used globally, making up over 67% of the market in CY23. Their consumption grew from 6,341 Thousand Tons in CY19 to 10,252 Thousand Tons in CY23, with a CAGR of 12.8%. In CY23, global sales of hydrophobic and hydrophilic non-woven fabrics amounted to USD 29,259 million, and this figure is expected to rise to USD 40,773 million by CY29, reflecting a CAGR of approximately 5.7%.
The Company, along with its wholly owned subsidiary, Spunweb India Private Limited, are engaged in the business of manufacturing of polypropylene spunbond nonwoven fabrics primarily used in industries such as hygiene, healthcare, packaging, agriculture and others (including roofing & construction, industrial and home furnishing). The Company is one of the largest manufacturers in spunbond nonwoven fabric industry in India, with an installed production capacity of 32,640 MT as of FY24. Its product portfolio consists of hydrophobic nonwoven fabric, hydrophilic nonwoven fabric, super soft nonwoven fabric, UV treated fabric, antistatic nonwoven fabric and FR treated fabric.
Peer Comparison:
- No Listed Industry Peers
Spunweb Nonwoven Ltd IPO Key Points
Strengths
- The Company is one of the largest manufacturers of spunbond nonwoven fabrics in India.
- The Company provides tailored spunbond nonwoven fabric manufacturing for industry specific needs.
- Long standing association with different consumers in diverse industries and geographies.
- Advanced spunbond technology along with cleanroom technology for manufacturing process.
- Experienced Promoters supported by a strong management and execution team.
Risk
- Our Company and SIPL are dependent on limited number of suppliers for supply of raw materials and we have not made any long-term supply arrangement or agreement with our suppliers. In an eventuality where our suppliers are unable to deliver us the required materials, at a competitive price, in a time-bound manner it may have a material adverse effect on our business operations and profitability. The Majority of our raw materials are sourced from few key suppliers. Discontinuation of the operations of such suppliers may adversely affect our ability to source raw materials at a competitive price.
- Our Company derive revenue from diversified customers whereas SIPL derives a significant portion of our revenue from a limited number of customers. Our inability to acquire new customers or loss of all or a substantial portion to any of our major customers, for any reason and/or continued reduction of the business from them, could have a material adverse impact on our business, results of operations, cash flows and financial condition.
- Underutilization of the installed capacities at our Company and SIPL may impact adversely on our growth and future profitability.
Strategy
- Expand its presence across end-user industries, diversify its customer base and geographical reach.
- Continue to expand its product portfolio.
- Optimizing utilisation of the installed capacity at its existing facilities.
- Leveraging of its marketing skills and relationships.
- Effective working capital management to utilise the existing unutilized production capacity and increase financial efficiency.
- The Company is one of the largest manufacturers of spunbond nonwoven fabrics in India.
- The Company provides tailored spunbond nonwoven fabric manufacturing for industry specific needs.
- Long standing association with different consumers in diverse industries and geographies.
- Advanced spunbond technology along with cleanroom technology for manufacturing process.
- Experienced Promoters supported by a strong management and execution team.
How To Apply for Spunweb Nonwoven Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
