Overview

• Spunweb Nonwoven’s three-day SME IPO closed on July 16 with overall subscription exceeding 90 times, led by retail bids at 119.13 times and non-institutional investors at 131.15 times.
• The grey market premium held at ₹42, pointing to a preliminary listing target of ₹138 per share and roughly 44% upside from the IPO price cap.
• The ₹60.98 crore fresh issue comprises 63.52 lakh shares priced between ₹90 and ₹96, managed by Vivro Financial Services with MUFG Intime as registrar and Rikhav Securities as market maker.
• Proceeds are earmarked to fund working capital requirements, repay debt and support general corporate purposes.
• Share allotment is scheduled for July 17 ahead of the listing on the NSE Emerge SME platform on July 21.