Shreedhar Spinners Limited

Shreedhar Spinners Limited IPO: GMP today, Price, Review, Detail

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Shreedhar Spinners Limited, incorporated in 2020 and headquartered in Mumbai, is a B2B manufacturer specializing in compact spun cotton yarn (counts Ne 12s to Ne 32s) with an annual production capacity of 5,500 MTPA at its state-of-the-art Amravati facility.

Shreedhar Spinners Limited operates exclusively in the B2B segment, meaning it has no retail stores. Its customer reach is primarily concentrated in
Maharashtra supplying yarn to textile manufacturers, exporters, and traders. While the Indian yarn market is highly fragmented, the company maintains a stable presence through its 5,500 MTPA capacity and long-term B2B relationships.

Shreedhar Spinners Limited has filed DRHP with SEBI for a proposed IPO with an issue size of total 58,00,000 Equity Shares consisting entirely as Fresh Issue of 58,00,000 Equity Shares and no Offer for Sale (OFS).

Subscription date to apply for the IPO is yet to be announced. Price band for the IPO is also pending to be declared.

Check DRHP
Check IPO Allotment
Visit Official Website
Issue Size:58,00,000 Equity Shares
Fresh Issue:58,00,000 Equity Shares
Offer for Sale:₹ 00 Cr
Price Range:TBA
Lot Size:TBA
GMPPending

Shreedhar Spinners Limited important data points

Revenue, PAT, EBITDA

YearFiscal 2025
Networth₹ 20.3 Cr
Revenue:₹134.3 Cr
EBITDA₹13.1 Cr
PAT₹ 3.41 Cr
EBITDA Margin:9.76%
PAT Margin2.54%
Face Value:Rs. 10 per Equity Share

IPO important dates

Open Date:TBA
Close Date:TBA
Anchor Investor BiddingTBA
Allotment Date:TBA
Refunds & Demat CreditTBA
Tentative Listing Date:TBA

Use of Proceeds

PurposeAmount
Working Capital Requirement₹ 21.03 Cr
Purchasing Machinery₹ 4.72 Cr
Borrowing Repayment₹ 00 Cr
General Corporate PurposeBalance

Shreedhar Spinners Limited Financial Data

202320242025
Revenue (₹ Cr)₹ 20.2₹ 126.1₹ 134.3
PAT (₹ Cr)₹ -1.4₹ 3.4₹ 3.4
Asset (₹ Cr)₹ 82.6₹ 92.3₹ 102.3
Net Worth (₹ Cr)₹ 13.6₹ 16.9₹ 20.3

Shreedhar Spinners IPO Grey Market Premium

DateIPO PriceIPO GMPProfit per lot
31-Jan₹ –₹ –₹ –
30-Jan₹ –₹ –₹ –
29-Jan₹ –₹ –₹ –
28-Jan₹ –₹ –₹ –
27-Jan₹ –₹ –₹ –
Shreedhar Spinners Limited

Shreedhar Spinners Limited IPO Pros & Cons

Strengths:

  • Experienced Management: Promoters bring over two decades of expertise in the textile industry.
  • Capacity Expansion: Recently commissioned Unit-II nearly doubled production capacity for higher revenue.
  • Operational Integration: Strategy focused on backward integration ensures better quality and cost control.
  • Strategic Location: Facility in Amravati industrial area provides logistical and subsidy-based advantages.
  • Financial Flexibility: Maintains adequate liquidity supported by promoter loans and internal cash accruals.

Risks:

  • Cotton Price Volatility: Profitability is highly sensitive to fluctuations in global raw cotton prices.
  • High Debt Leverage: Significant debt-funded capital expenditure has led to a leveraged capital structure.
  • Fragmented Market: Faces intense competition from numerous large and small-scale textile players.
  • Stretched Liquidity: High utilization of bank limits indicates a tight working capital position.
  • Industry Cyclicality: Performance is vulnerable to economic cycles and global garment demand shifts.

Shreedhar Spinners Limited Promoters – Pre offer equity (Approx)

Shreedhar Cotsyn pvt. Ltd~92.65%
Vishal Agarwal~1.12%
Dharmendra Mohandas Goyal~0.70%
Varesh Goyal~0.27%

Shreedhar Spinners Limited Lot Size details

Application TypeLot SizeNo. of LotsNo. of SharesInvestment Amount
Retail(Min)–1–₹ –
Retail (Max)–13–₹ –
Small HNI (Min)–14–₹ –
Small HNI (Max)–66–₹ –
Big HNI (Min)–67–₹ –

Lead Managers / Registrars of Shreedhar Spinners Limited

Lead / Book Running Lead ManagersMarwadi Chandarana Intermediaries Brokers Pvt. Ltd.
Registrar (RTA)MUFG Intime India Private Limited.

Founding Year of Shreedhar Spinners Limited & Managing Director

Shreedhar Spinners Limited was incorporated on December 9, 2020.

The company is currently led by Dharmendra Mohandas Goyal.

Shreedhar Spinners Limited FAQ

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