Spunweb Nonwoven Limited IPO

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Spunweb Nonwoven Limited, along with its wholly owned subsidiary Spunweb India Private Limited (SIPL), is one of the largest manufacturers of polypropylene spunbond nonwoven fabrics in India, catering to a wide range of industries including hygiene, healthcare, packaging, agriculture, construction, and home furnishing. The company operates with a strong domestic and international presence and a focus on quality, innovation, and sustainability.

Core Business & Product Portfolio

i) It Specializes in polypropylene spunbond nonwoven fabrics.
ii) Key applications:Hygiene (diapers, sanitary pads), Healthcare (face masks, PPE kits, surgical gowns), Packaging (shopping bags, grocery bags), Agriculture (crop cover, fruit cover)

iii) It offers over 20 fabric colors with customization and value-added services such as Coating, slitting, sheet cutting, and printing.

iv) Key fabric types are Hydrophobic, hydrophilic, UV treated, antistatic, FR treated, and super soft fabrics

Manufacturing Facilities

a) Spunweb Nonwoven Ltd., the parent company, operates a manufacturing facility in Wankaner, Rajkot, Gujarat with an installed capacity of 20,400 MTPA across 3 production lines, spread over 18,197 sq. meters.

b) Its subsidiary, Spunweb India Pvt. Ltd., runs a separate unit in the same region with a capacity of 12,240 MTPA over 2 production lines, covering an area of 15,580 sq. meters.

Market Reach

a) Domestic Market: Served 400+ customers in FY23, 450+ in FY24, and 485+ in FY25

b) International Market: Company exported to countries like the USA, UAE, Italy, Egypt, Saudi Arabia, Sri Lanka, Nepal, Kenya, and Nigeria and served 15–20 international clients across recent fiscals

Key Clients

Some of the notable clients include RGI Meditech (Dignity, Romsons), Millenium Babycares (Bumtum), Myra Hygiene (Luvlap, Karein), Sekhani Industries, Poligof Micro Hygiene and Uniclan Healthcare (Wowper, Wowpad).

Key Strengths

i) One of the largest spunbond fabric manufacturers in India
ii) Highly customizable production lines across industries
iii) Long-standing customer relationships with domestic and global brands
iv) Advanced cleanroom and testing infrastructure
v) Strong focus on sustainability and energy efficiency

Objects of the Spunweb Nonwoven Limited IPO:

The Company intends to utilize the proceeds raised through the Issue for the following objects: 1. Funding the working capital requirements of Company (₹29 crore) 2. Investment in wholly owned subsidiary, SIPL, for funding its working capital req. (₹10 crore) 3. Repayment, in full or in part, of certain borrowings availed by Company (₹8 crore) 4. General Corporate Purposes.
DRHP of Spunweb Nonwoven Limited IPO
RHP of Spunweb Nonwoven Limited IPO

Spunweb Nonwoven Limited IPO Details:

Open Date: Jul 14 2025
Close Date: Jul 16 2025
Total Shares: 63,51,600
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Building
Issue Size: 60.98 Cr.
Lot Size: 1200 Shares
Issue Price: ₹ 90 - 96 Per Equity Share
Listing At: NSE Emerge

Promoters And Management:

1. Jay Dilipbhai Kagathara serves as the Chairman, Managing Director, and Promoter of Spunweb Nonwoven Limited. He has completed his Higher Secondary Education from the Gujarat Secondary and Higher Secondary Education Board and possesses over nine years of experience in the manufacturing of nonwoven fabrics. He has been associated with the company since November 2015 and plays an active role in the company’s overall management. 2. Kishan Dilipbhai Kagathara is the Whole-Time Director and Promoter of the company. He holds a Bachelor of Technology in Mechanical Engineering from Symbiosis International University and a Master of Business Administration in Global Business from Coventry University. With over five years of experience in sales and marketing, he has been associated with the company since November 2019 and is actively involved in handling the export, sales, and marketing functions. 3. Charulata Jay Kagathara is a Non-Executive Director of the company. She holds a Bachelor of Computer Application degree from Saurashtra University and brings over six years of administrative experience. She has been associated with the company since April 2018.

Financials of Spunweb Nonwoven Limited IPO:

Particulars FY2024-25 FY 2023-24 FY 2022-2023
Revenue from Operations 226.35 148.61 115.91
EBITDA 31.22 15 10.8
EBITDA Margins 13.75% 9.73% 9.18%
PAT 10.79 5.44 1.12
PAT Margins 4.75% 3.53% 0.96%
ROCE 33.66% 11.55% 7.30%
Debt to Equity Ratio(In Times) 2.11 1.93 2.46
Operating Cash Flows 2.94 9.94 17.1

Comparison With Peers:

There are no listed Peers of the Company according to its RHP.

Lead Manager of Spunweb Nonwoven Limited IPO:

  1. Vivro Financial Services Private Limited

Registrar of Spunweb Nonwoven Limited IPO:

  1. MUFG Intime India Private Limited

Discussion on Spunweb Nonwoven Limited IPO:

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