Shreedhar Spinners IPO GMP Day 3 Final: Price Band Rs 50-53, Nil Premium — Subscription Closes Today
- June 25, 2026
- Posted by: Neeraj Pandey
- Category: IPO
Shreedhar Spinners IPO Day 3 final: price Rs 50-53. GMP Rs 0. Issue Rs 30.68 Cr. NSE SME. Closes today. Lot 2,000 shares. Min retail 4,000 = Rs 2,12,000. FY26 PAT Rs 6.17 Cr (+80%). Amravati.
Today is the final day of subscription for the Shreedhar Spinners IPO, and investors who wish to apply must submit their bids before market close. The Shreedhar Spinners IPO grey market premium remains at nil as of Day 3, suggesting that the unofficial market has not developed meaningful enthusiasm for this issue. The Shreedhar Spinners IPO raises Rs 30.68 crore through a 100% fresh issue of 57,88,000 equity shares at a price band of Rs 50 to Rs 53 on the NSE SME platform. The subscription data from Day 2 showed overall subscription at approximately 0.59 times, with retail at 0.48 times, NII at 1.60 times, and QIBs at 0.02 times. The issue is currently undersubscribed, meaning all investors who applied are highly likely to receive full allotment if the overall subscription remains below 1x on the final day. Ankit Jaiswal, Senior Research Analyst at Univest notes that the nil Shreedhar Spinners IPO GMP, combined with undersubscription through Day 2, indicates muted early demand, which is consistent with investor caution toward a commodity yarn business with high debt and thin margins.
The Shreedhar Spinners IPO is a cotton yarn manufacturing story from Maharashtra’s Vidarbha region, which has natural advantages in cotton procurement given its proximity to one of India’s largest cotton-growing belts. The company operates a modern integrated spinning facility at Amravati Textile Park with an installed capacity of 10,000 MT per annum and 28,608 spindles, manufacturing 100% compact spun cotton yarn in counts from Ne 10s to Ne 40s. The Shreedhar Spinners IPO proceeds will fund working capital requirements and machinery purchases. However, investor caution is justified by several factors: the company carries a high debt-to-equity ratio, some promoter shares are pledged, the yarn business is a thin-margin commodity segment, and the company was incorporated only in recently20, giving it a limited operating track record of approximately four to five years.
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Shreedhar Spinners IPO Key Details
| Parameter | Details |
|---|---|
| Shreedhar Spinners IPO Price Band | Rs 50 to Rs 53 per share |
| Issue Size | Rs 30.68 crore (100% fresh issue of 57.88 lakh shares) |
| Shreedhar Spinners IPO GMP Today | Rs 0 (nil) |
| Lot Size | 2,000 shares (min retail: 4,000 shares at Rs 2,12,000) |
| Shreedhar Spinners IPO Subscription (Day 2) | 0.59x overall (Retail 0.48x, NII 1.60x, QIB 0.02x) |
| Shreedhar Spinners IPO Close Date | Today (final day) |
| Allotment Date | recently |
| Listing Exchange | NSE SME |
| Listing Date (tentative) | recently |
| FY26 Revenue | Rs 146.55 crore | FY26 PAT Rs 6.17 crore (+80% YoY) |
| Manufacturing Facility | Amravati Textile Park, Maharashtra , 10,000 MT/annum, 28,608 spindles |
About Shreedhar Spinners: Cotton Yarn Manufacturer, Amravati
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Shreedhar Spinners Limited was incorporated in recently20 and operates a single integrated spinning facility at Amravati Textile Park, Maharashtra. The company manufactures 100% compact spun cotton yarn in count ranges from Ne 10s to Ne 40s, serving textile manufacturers, exporters, traders, and fabric processors. The yarn produced finds applications across apparel, denim, towels, bed linen, sweaters, socks, furnishing fabrics, and industrial textiles. The Shreedhar Spinners IPO revenue trajectory shows growth from Rs 126.35 crore in the year ended recently24 to Rs 134.43 crore in the year ended recently25 and Rs 146.55 crore in the year ended recently26 , a consistent upward trend. PAT improved from Rs 3.35 crore in the year ended recently24 to Rs 3.42 crore in recently25 and Rs 6.17 crore in recently26, with the FY26 PAT jump of approximately 80% being the strongest financial data point in the Shreedhar Spinners IPO thesis. At the upper price band of Rs 53, the IPO values the company at approximately 13.4 times pre-issue earnings.
Conclusion: Shreedhar Spinners IPO GMP Day 3
The Shreedhar Spinners IPO closes today with GMP at nil and Day 2 subscription at 0.59 times overall. All current applicants are likely to receive full allotment if the final subscription remains below 1x. The listing is tentatively scheduled for recently. Investors should weigh the FY26 PAT growth of 80% against the high debt, pledged promoter shares, thin commodity margins, and limited operating track record before deciding whether to apply. Consult a SEBI-registered financial advisor before investing in any SME IPO.
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Disclaimer: IPO GMP data is sourced from unofficial grey market sources and is not regulated by SEBI. GMP does not guarantee listing gains. All IPO details sourced from official SEBI filings, BSE/NSE. Investments in IPOs are subject to market risk. This article is for educational purposes only and does not constitute investment advice from Univest (SEBI RA INH000013776). Read all IPO documents carefully before investing. Consult a SEBI-registered financial advisor.
Frequently Asked Questions
What is Shreedhar Spinners IPO GMP today?
Ans. The Shreedhar Spinners IPO GMP is nil (Rs 0) today, Day 3 (the final day of subscription). The grey market has not assigned a premium to the this IPO throughout the subscription period, reflecting cautious unofficial market sentiment.
What is Shreedhar Spinners IPO subscription status?
Ans. As of Day 2 of subscription, the Shreedhar Spinners IPO was subscribed approximately 0.59 times overall. Retail investors subscribed 0.48 times, NII subscribed 1.60 times, and QIBs subscribed 0.02 times. The issue is currently undersubscribed, meaning investors who applied have a high probability of receiving full allotment.
What is the Shreedhar Spinners IPO price band?
Ans. The Shreedhar Spinners IPO price band is Rs 50 to Rs 53 per share. The lot size is 2,000 shares, and the minimum retail application is 2 lots (4,000 shares) at Rs 2,12,000 at the upper price band. For HNI, the minimum is 3 lots (6,000 shares) at Rs 3,18,000.
What does Shreedhar Spinners do?
Ans. Shreedhar Spinners Limited manufactures 100% compact spun cotton yarn (Ne 10s to Ne 40s counts) from its integrated spinning facility at Amravati Textile Park, Maharashtra. Capacity is 10,000 MT per annum with 28,608 spindles. It supplies textile manufacturers, exporters, and fabric processors for applications including apparel, denim, towels, bed linen, and industrial textiles.
What are Shreedhar Spinners IPO financials?
Ans. FY26 revenue was Rs 146.55 crore (up from Rs 134.43 Cr in FY25 and Rs 126.35 Cr in FY24). FY26 PAT was Rs 6.17 crore, up approximately 80% from Rs 3.42 crore in FY25. The strong FY26 PAT growth is the key financial highlight of the Shreedhar Spinners IPO.
When is Shreedhar Spinners IPO listing date?
Ans. The Shreedhar Spinners IPO is expected to list on the NSE SME platform tentatively on recently. The subscription closes today. Allotment is expected on recently.
What are the risks in Shreedhar Spinners IPO?
Ans. Key risks include: high debt-to-equity ratio; pledged promoter shares; thin commodity-yarn margins susceptible to cotton price and yarn price fluctuations; single-facility dependence; revenue concentration in Maharashtra; limited operating track record (incorporated recently20); and SME listing liquidity risk.
Should I apply for Shreedhar Spinners IPO?
Ans. The nil GMP and current undersubscription suggest muted market enthusiasm. If you are applying primarily for listing gains, the nil GMP is not encouraging. If investing for the medium term, evaluate the FY26 PAT growth, capacity utilisation, working capital cycle, and debt profile. Investors with high risk tolerance may consider the undersubscription as an allotment opportunity. Consult a SEBI-registered financial advisor before investing.
