{"id":130197,"date":"2026-06-25T10:04:47","date_gmt":"2026-06-25T04:34:47","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=130197"},"modified":"2026-06-25T10:04:50","modified_gmt":"2026-06-25T04:34:50","slug":"shreedhar-spinners-ipo-gmp-day-3-subscription-final","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/shreedhar-spinners-ipo-gmp-day-3-subscription-final\/","title":{"rendered":"Shreedhar Spinners IPO GMP Day 3 Final: Price Band Rs 50-53, Nil Premium \u2014 Subscription Closes Today"},"content":{"rendered":"
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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.<\/em><\/p>\n

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.<\/p>\n

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.<\/p>\n

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