New Delhi, Jul 21 (KNN) Shares of Spunweb Nonwoven made a robust debut on the NSE Emerge, listing at Rs 151, a 57.29 per cent premium over the initial public offer (IPO) price of Rs 96.
The stock further climbed to Rs 158.55, registering a 65.16 per cent gain over the issue price, and is currently frozen at its 5 per cent upper circuit limit from the listing price.
During the trading session, the stock witnessed a high of Rs 158.55 and a low of Rs 151, with approximately 25.90 lakh shares exchanging hands.
Spunweb Nonwoven’s IPO received an overwhelming response from investors, being subscribed 233.35 times.
The IPO was open for bidding from July 14 to July 16, 2025, with a price band of Rs 90 to Rs 96 per share. The offering consisted of a fresh issue of 45.48 lakh equity shares.
The company plans to utilise the net proceeds to support working capital requirements, invest in its wholly-owned subsidiary SIPL, repay certain borrowings, and address general corporate needs.
Ahead of its listing, Spunweb Nonwoven raised Rs 17.31 crore from anchor investors on July 11, 2025, by allotting 18.03 lakh shares at Rs 96 apiece to eight institutional investors.
Spunweb Nonwoven is engaged in the production of polypropylene spunbond nonwoven fabrics, catering to sectors such as hygiene, healthcare, packaging, agriculture, roofing, construction, industrial applications, and home furnishing.
Its product range includes hydrophobic and hydrophilic fabrics, super-soft nonwoven materials, UV-treated, antistatic, and flame-retardant fabrics.
(KNN Bureau)
