Updated on 17.06.2026|4:02 PM
Shreedhar Spinners Limited is preparing to launch its Initial Public Offering (IPO). It is an integrated manufacturer of compact spun cotton yarn.
The public issue will open for subscription on Tuesday, June 23, 2026, and close on Thursday, June 25, 2026. Track all the latest IPOs of 2026 in our upcoming and live IPO section.
Operating from its facility in Amravati, Maharashtra, the company supplies yarn to textile manufacturers and fabric processors.
Through this 100% fresh issue book-built offering, Shreedhar Spinners aims to raise approximately ₹30.68 Crores at the upper price band of ₹53 per share, primarily to fund working capital requirements and purchase new machinery.
Readers can find the latest updates on the Shreedhar Spinners IPO, including today's GMP, subscription status, allotment date, price band, and a comprehensive review.
Briefs of Shreedhar Spinners IPO Details
- Price Band: ₹50 – ₹53 per share
- IPO Open / Close Dates: 23 June 2026 / 25 June 2026
- Lot Size: 2,000 shares
- Issue Size: 57,88,000 shares / ₹28.94 – ₹30.68 crores
- Fresh Issue / OFS: Fresh Issue of 57,88,000 shares / OFS: Nil
- Registrar: MUFG Intime India Pvt Ltd.
- Listing Exchange: NSE Emerge
Check our detailed guide on MUFG Intime IPO allotment status to learn more about credit of shares and refunds after IPO allotment.
IPO Reservation
- Face value: ₹10 per share
- Anchor offer: Up to 16,18,000 Equity Shares
- QIB-shares: Not more than 26,98,000 Equity Shares (includes Anchor)
- NIIs-Shares offered: Not less than 8,12,000 Equity Shares
- RIIs- Shares offered: Not less than 18,92,000 Equity Shares
What Is Today's Grey Market Premium (GMP) for the Shreedhar Spinners IPO?
Visit our GMP hub page to view the Grey Market Premium of this and other IPOs. For more details about GMPs check our IPO GMP vs Listing Accuracy Study 2026 which has detailed information about 2026 IPOs.
Please note that GMP varies from day to day based on demand in the grey market. It is an unofficial indicator and is not monitored or regulated by SEBI, NSE, or BSE. Investment decisions should be made after considering all relevant factors, rather than GMP alone.
What Are the Major Dates and Allotment Events for the Shreedhar Spinners IPO?
- IPO Open & Close Date: 23 June 2026 to 25 June 2026
- Basis of Allotment Date: 29 June 2026
- Refund Initiation Date: 30 June 2026
- Credit of Shares: 30 June 2026
- Listing Date: 1 July 2026
What Are The Objectives of Shreedhar Spinners IPO ?
The company intends to deploy the net proceeds from the fresh issue towards the following key requirements:
- Incremental Working Capital: ₹21.03 crores allocated to meet daily operational and working capital requirements.
- Purchase of Machinery: ₹4.94 crores designated for the procurement of new machinery to upgrade the existing facility in Amravati.
- General Corporate Purposes:Any balance funds, subject to a cap of 15% of the gross proceeds or ₹10.00 Crores, whichever is less, are proposed to be used for general corporate purposes.
What Does the Financial Track Record of Shreedhar Spinners Reveal?
Presented below is a summary of the company's financial performance, with all figures reported in ₹ Crores.
Period Ended | 31 Mar 26 | 31 Mar 2025 | 31 Mar 24 |
Total Income | 146.55 | 134.43 | 126.35 |
Profit After Tax | 6.17 | 3.42 | 3.35 |
EBITDA | 17.62 | 13.11 | 13.41 |
Total Borrowing | 115.90 | 65.31 | 62.11 |
Assets | 172.12 | 102.32 | 92.28 |
Source: RHP
Financial Observations:
Total Income
The company recorded sequential top-line expansion across the reported fiscal years.
- Total income moved from ₹126.35 crores in FY24 to ₹146.55 crores in FY26.
- The expansion was facilitated by increased production volumes.
Revenue grew to ₹146.55 Cr from ₹126.35 Cr
Profit After Tax
Net profit showed noticeable movement in the latest financial period.
- Earnings were relatively flat between FY24 (₹3.35 crores) and FY25 (₹3.42 crores).
- PAT subsequently increased to ₹6.17 crores by the end of FY26.
- Government subsidies and operational scaling played a role in this bottom-line result.
PAT nearly doubled to ₹6.17 Cr
EBITDA
Operational earnings reflected the scaling of the Amravati manufacturing unit.
- EBITDA jumped to ₹17.62 Crores in FY26 from ₹13.41 Crores in FY24.
- The EBITDA margin expanded to 12.04% in FY26, highlighting strong core business profitability.
EBITDA rose from ₹13.41 Cr to ₹17.62 Cr
Total Borrowing
The business took on additional debt to finance its capacity expansions.
- Total borrowings increased from ₹62.11 crores in FY24 to ₹115.90 crores in FY26.
- This increase resulted in a Debt-to-Equity ratio of 3.89x for the latest fiscal year.
- The debt was primarily utilized for capital expenditure related to a new production unit.
Borrowings climbed to ₹115.90 Cr from ₹62.11 Cr
Assets
The asset base expanded in tandem with the investments in the manufacturing facility.
- Total assets grew from ₹92.28 crores in FY24 to ₹172.12 crores by March 2026.
- This expansion is closely tied to the new machinery and infrastructure added to the plant.
- The growth in assets was primarily funded through the aforementioned borrowings.
What Are the P/E ratio and Peer Comparison of Shreedhar Spinners Limited?
To judge the company's value, we use the P/E ratio based on the highest offer price.
Issue Price (Upper Band): ₹53
EPS (FY26): ₹4.03
P/E Ratio: ~13.15x
Peer Comparison Table (FY 2025-26 Data):
Name of the Company | Total Revenue (₹ Cr) | Face Value (₹) | P/E Ratio | EPS (₹) | RoNW (%) | PAT (₹ Cr) |
Shreedhar Spinners Ltd | 146.55 | 10 | 13.15 | 4.03 | 20.74 | 6.17 |
AB Cotspin India Ltd | 301.46 | 10 | 33.69 | 6.06 | 8.65 | 13.26 |
Siddhi Cotspin Ltd | 478.27 | 10 | 6.39 | 4.38 | 7.08 | 9.64 |
Peer Comparison Analysis:
Shreedhar Spinners is entering the market at a P/E multiple of approximately 13.15x based on its FY26 EPS.
More importantly, Shreedhar has a Return on Net Worth (RoNW) of 20.74%, significantly outperforming both AB Cotspin (8.65%) and Siddhi Cotspin (7.08%).
This indicates highly efficient capital utilisation, making the valuation look attractive relative to its superior return profile..
What is the Industry Outlook of Shreedhar Spinners Limited?
Growth potential: The domestic textile sector benefits from steady consumption patterns and India’s emerging status as a global sourcing hub for yarn and fabrics. Integrated spinning mills play a central role in this supply chain.
Market trends and competitors: The cotton yarn market is highly fragmented, with competition arising from both organised and unorganised players. Profitability often depends on raw material sourcing efficiency, facility modernization, and the utilization of state-level incentive schemes.
What Are The Strengths and Risks of Shreedhar Spinners IPO ?
Strengths:
- Integrated Infrastructure: The Amravati facility manages all processes from bale opening to packaging, allowing for controlled production.
- State Incentives: The company holds "Mega Status" under Maharashtra's Package Scheme of Incentives 2019, making it eligible for a 100% SGST Investment Promotion Subsidy and a seven-year electricity duty exemption.
- Client Retention: In FY26, 72.50% of the revenue was generated from recurring customers.
Risks:
- Promoter Pledge: The RHP discloses that 48.88% of the pre-issue equity share capital (76,50,000 shares) held by the promoter is pledged against financing agreements.
- High Leverage: The recent capital expenditures have led to a high Debt-to-Equity ratio of 3.89x as of FY26.
- Geographical and Client Concentration: Over 90.20% of the revenue originates from Maharashtra. Furthermore, the top 10 customers contributed 81.51% of FY26 revenue, creating a dependency risk.
Key Considerations for Investors
- Investors reviewing the Shreedhar Spinners IPO should examine the details outlined in the RHP. The financial statements indicate an expansion in total assets and revenue, accompanied by an increase in total borrowings and high leverage.
- At ~13.1x P/E, the pricing seems fair relative to its high RoNW. However, the extreme level of promoter share pledging and the high debt burden are critical structural risks that require careful evaluation.
- Additionally, bidders may note the geographical concentration of revenue within Maharashtra and the significant percentage of promoter shares currently pledged.
Important IPO Resources:
2. Check IPO Allotment status related details
4. Subscription Updates of live IPOs.
5. IPO Listing Performance Tracker 2026 – Complete Dataset of IPO Listing Gains in India
6. May 2026 IPO Review – 14 Listings, 89.44x Average Subscription & Market Performance
Key Takeaways
- IPO Price Band: ₹50 to ₹53 per equity share
- Lot Size: 2,000 shares (Minimum investment of ₹1,06,000)
- Allotment : Allotment expected on 29 June 2026
- Listing Dates:; Listing on NSE Emerge on 1 July 2026
FAQs on Shreedhar Spinners IPO
What are today's grey market premium rates for the Shreedhar Spinners IPO?
The latest GMP for this issue is available on our GMP hub page. Since grey market activity changes daily, the GMP may vary accordingly.
What Are the Lower and Upper Price Limits for the Shreedhar Spinners IPO?
The company has fixed the price band for the issue between ₹50 and ₹53 per equity share.
On Which Date Will the Shreedhar Spinners IPO Allotment Status Be Finalised?
The company is expected to complete the allotment process on 29 June 2026.
How to check Shreedhar Spinners IPO allotment status?
Bidders can verify their allotment status online via the official portal of the issue's registrar by submitting their PAN or application number.
When Is the Shreedhar Spinners IPO Expected to List on the Stock Exchange?
The equity shares are proposed to be listed on the NSE Emerge platform on 1 July 2026.
Investment Perspective on Shreedhar Spinners IPO
Shreedhar Spinners offers a profitable play in the textile manufacturing sector, supported by significant government subsidies and excellent return ratios. However, the high ticket size for retail investors, elevated debt levels, and the concerning level of promoter share pledging are major risk factors that must be weighed carefully against the growth narrative.
Disclaimer:
Not an investment advice, talk to your IA before investing.
