The company’s customers include makers of hygiene products and healthcare products such as face masks, PPE kits, surgical gowns
MUMBAI, July 21 (The CONNECT)- Spunweb Nonwoven Ltd., that makes polypropylene spunbound nonwoven fabrics, today made a strong debute at its listing at the NSE SME bourse today. The scrip got listed at Rs 151 per share on the NSE SME index, at a premium to its IPO price of Rs 96 per share.
The scrip closed at Rs158.55 per share, a total 65.15% premium to the IPO price.
The day’s close, the market capitalization of the company stood at Rs. 382.16 Crore as per NSE SME.
The company received a whopping response of 251 times subscription to its IPO.
The Company’s product portfolio consists of hydrophobic nonwoven fabric, hydrophilic nonwoven fabric, super soft nonwoven fabric, UV treated fabric, antistatic nonwoven fabric and FR treated fabric in the width of 1.6m, 2.6m and 3.2m with the range of 7 to 150 grams per square metre (GSM).
These products are available in more than 20 colours and they can be customized in colour with value-added services such as varied coatings, slitting, printing, sheet cutting and wider width fabrics. It is also engaged in supply of various types of nonwoven fabric bags.
The company’s customers include manufacturers of hygiene products viz. diapers, sanitary pads and under pads, manufacturers of healthcare products viz., face masks, PPE kits, surgical gowns and other medical disposable products. Its customers also include manufacturers of packaging products viz. shopping bags, grocery bags, suit cover bags and manufacturers of agricultural products viz. fruit cover and crop cover.
Some of its customers include RGI Meditech Private Limited, Millenium Babycares Limited, Sekhani Industries Private Limited, Myra Hygiene Products Private Limited, Rotech Healthcare Private Limited, Poligof Micro Hygiene (India) Private Limited, Salus Products Private Limited, Kwalitex Healthcare Private Limited, JDS Nonwoven, Vyom Nonwoven, among others.
It manufactures, markets and sells their products in domestic as well as international markets. In domestic market, it has catered to more than 400, 450, and 485 customers during Fiscal 2023, Fiscal 2024 and Fiscal 2025. In the international market, it caters to more than 15, 20, and 20 customers during Fiscal 2023, Fiscal 2024 and Fiscal 2025, respectively, that are based in countries such as the United States of America, United Arab Emirates, Italy, Egypt, Saudi Arabia, Sri Lanka, Nepal, Kenya and Nigeria.
Vivro Financial Services Private Limited is the book-running lead manager of the Spunweb Nonwoven IPO, while MUFG Intime India Private Limited (Link Intime) is the registrar for the issue. The market maker for Spunweb Nonwoven IPO is Rikhav Securities Limited. The Equity Shares are proposed to be listed on the SME Platform of NSE Limited (SME).
