Priced at Rs 96 per share, the IPO was a fresh issue of 63.52 lakh shares. The strong demand from investors has propelled the stock’s grey market premium to around 45% ahead of listing, hinting at a robust debut despite broader market volatility.
Anchor investors had already backed the offer with a Rs 17.31 crore commitment prior to the opening.
In terms of financials, the Rajkot-based company posted a 47% jump in revenue and nearly doubled its profit in FY25.
It serves clients across sectors including hygiene, healthcare, and industrial applications, and exports to more than 10 countries. With a scalable business model, strategic global ties, and a focus on value-added fabric solutions, Spunweb Nonwoven is now positioning itself for expansion.
While valuations appear stretched post-listing, the first-mover advantage in a niche market, high capacity utilization, and global customer base may offer long-term tailwinds for the company. All eyes will now be on its market debut and how it sustains investor expectations beyond the initial pop.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
