Shreedhar Spinners IPO
ListedSME
6.70×
Subscribed
Price band
₹53 – ₹53
Issue size
₹30.68 Cr
Open – close
23 Jun 2026
to 25 Jun 2026
Listing
01 Jul 2026
What the filing actually says
Our read of the offer document and the exchange data — not the issuer's summary of itself
Mixed3 of 7 dimensions read
A mixed but reasonable offering — 1 positive against 0 negative signals
Strength64/100
- Undemanding valuation13.2× earnings at the upper band, with no peer set published to compare against
- Some related-party dealingsRelated-party transactions are 8.6% of revenue
- Institutional book coveredQIB portion subscribed 2.51×
Every line above is arithmetic on a figure shown elsewhere on this page - no model, no opinion. It describes the quality of the offering as disclosed, and is pulled toward neutral to reflect how much the document leaves unsaid. It is not a prediction of the listing price, and it is not advice to apply.
Dates
The issuer's tentative timetable — a date passing is not confirmation the step completed
- Opens23 Jun 2026
- Closes25 Jun 2026
- Listing01 Jul 2026
Demand and your odds
How the book filled, and what that means for an application
Subscription by category
Qualified institutionalQIB2.51x
Non-institutionalNII / HNI14.58x
Big NIIabove ₹10L17.99x
Small NII₹2L – ₹10L7.82x
Retail individualRII5.71x
3,470 applications received — how many people bid, as opposed to how much money did. Exchange figures as of 25 Jun 2026.
Chance of allotment
Retail5.71× subscribed
~1 in 5.7
Retail is 5.71× subscribed. Allotment is a lottery on a single lot, so roughly 1 in 5.7 applications gets one lot. Bidding for extra lots does not improve these odds.
HNI / NII14.58× subscribed
~1 in 14.6
HNI is 14.58× subscribed. This category is allotted proportionately, so a bid receives roughly 1/14.6 of the shares applied for, subject to the minimum-lot draw.
Derived from SEBI's allotment mechanics and the subscription figures beside it. Retail allotment is a lottery on a single lot, so applying for more lots does not improve your chance of getting something.
Grey market premium
Unofficial dealer quotes — not published by NSE, BSE, SEBI or the company
₹0+0.0%
over the upper band · last seen 07 Sept 2026
What this number is not. Grey-market premium is an unregulated, thinly-traded quote from private dealers. It is not a forecast of the listing price, it is not verifiable, and it can be moved by the same people who benefit from it looking high. We publish it because you will look it up anyway — and we deliberately do not convert it into an expected listing gain, because that arithmetic implies a reliability the number has never earned. For what actually happened to comparable issues, see recent outcomes below.
The offering
Terms, structure and who is selling
Terms
Price band₹53 – ₹53
Total issue size₹30.68 Cr
Listing atSME platform
Company & valuation
Related-party8.64%of revenue
ROE24.64%
ROCE9.34%
Debt/Equity3.89
RoNW20.74%
PAT Margin4.22%
EBITDA Margin12.04%
NAV19.01
Price to Book Value2.79
ISININE0K3301012
RegistrarMUFG Intime India Private Limited (formerly known as Link Intime India Private Limited)
Lead managersMarwadi Chandarana Intermediaries Brokers Private Limited
Who gets what
How the issue is split between investor categories, and what each may bid.
| Category | Shares | % of issue |
|---|---|---|
| QIB Shares Offered | 26,98,000 | 46.61% |
| Anchor Investor Shares Offered | 16,18,000 | 27.95% |
| QIB (Ex. Anchor) Shares Offered | 10,80,000 | 18.66% |
| NII (HNI) Shares Offered | 8,12,000 | 14.03% |
| bNII > ₹10L | 5,40,000 | 9.33% |
| sNII < ₹10L | 2,72,000 | 4.70% |
| Retail Shares Offered | 18,92,000 | 32.69% |
| Market Maker Shares Offered | 3,86,000 | 6.67% |
Total issue 57,88,000 shares. Indented rows sit inside the category above them and are not added to it.
What each category may bid
Individual investors (IND) (Min)₹2,12,0002 lots · 4,000 sh
Individual investors (IND) (Max)₹2,12,0002 lots · 4,000 sh
S-HNI (Min)₹3,18,0003 lots · 6,000 sh
S-HNI (Max)₹9,54,0009 lots · 18,000 sh
B-HNI (Min)₹10,60,00010 lots · 20,000 sh
Lot size alone does not answer "how much do I need" — an S-HNI minimum is several lots, not one.
Anchor book
Shares allotted16,18,000
Anchor portion₹8.58 Cr
Bid date22 Jun 2026
Lock-in ends (50%)28 Jul 2026
Lock-in ends (rest)26 Sept 2026
Anchors are institutional money placed a day before bidding opens, against a lock-in. Those two dates are when that stock can first be sold — a supply event worth knowing if you still hold.
What the money is for
Stated use of the net proceeds
- 01Funding incremental working capital requirements of our Company₹21.04 Cr
- 02Purchase of machineries into existing manufacturing facility at Amravati, Maharashtra₹4.95 Cr
- 03General corporate purposes₹1.63 Cr
How the issuer compares
The listed companies the offer document itself names as comparable.
| Company | EPS | P/E | NAV | RoNW |
|---|---|---|---|---|
| Shreedhar Spinners Limitedthis issue | 4.03 | 13.15 | 19.01 | 20.74% |
| AB Cotspin India Limited | 6.06 | 33.69 | 69.10 | 8.65% |
| Siddhi Cotspin Limited | 4.38 | 6.39 | 55.80 | 7.08% |
Blank cells are figures the offer document does not publish. An unlisted issuer has no market price, so it has no price-based multiple until it lists — which is exactly why the comparison is against companies that already trade. The peer set is the issuer's own selection, so read it as the flattering-est comparison available rather than a neutral one.
Risks worth reading
Ranked by our severity assessment, not by the order the prospectus prints them
mediumA significant portion of the promoter's equity shares (48.88%) are pledged with SBICAP Trustee Company Limited. In the event of a default by the promoter, the lender may invoke the pledge, leading to a change in shareholding pattern, dilution of promoter control, and a decline in the market price of
mediumThe Company has a high debt-equity ratio (3.89 in Fiscal 2026) and financing agreements contain restrictive covenants. Inability to meet obligations or financial covenants could adversely affect the business, results of operations, and financial condition, potentially forcing the issuance of additio
mediumThe Company's business is dependent on its operating facility in Amravati. The loss or shutdown of this facility due to equipment failure, power supply issues, labour disputes, strikes, or industrial accidents could have a material adverse effect on the business, financial condition, and results of
Litigation
As on the date of this Prospectus, there are no outstanding criminal proceedings, actions by statutory or regulatory authorities, or claims related to direct or indirect tax liabilities involving the Company, its Directors, Promoters, or Subsidiary. There are also no disciplinary actions by SEBI or stock exchanges against Promoters in the last five Financial Years, and no outstanding criminal proceedings, actions by authorities, or pending litigation involving Key Managerial Personnel, Senior Management, or Group Companies.
What happened to comparable issues
The last 8 issues to list with a recorded opening price, most comparable first
Median listing gain
-2.2%
Listed up
1 of 8
Best
+0.4%
Papadmalji Agro Foods Limited
Worst
-17.5%
Himalayan Solar
Vaibhav Vyapaar Limitedsame segment
3.1× sub-2.0%
R.K. Fashion Accessories Limitedsame segment
2.6× sub-2.4%
Eventions Limitedsame segment
2.3× sub-5.9%
Green Asia Impexsame segment
1.0× sub+0.0%
Papadmalji Agro Foods Limitedsame segment
2.5× sub+0.4%
Dudani Retailsame segment
1.4× sub-13.8%
Himalayan Solarsame segment
1.2× sub-17.5%
Bench Mark Infotechsame segment
96.0× sub+0.0%
Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.
Offer documents
The primary sources everything above is drawn from
Common questions
What is the Shreedhar Spinners IPO GMP today?
The most recent grey-market premium recorded for Shreedhar Spinners is ₹0 per share — about 0.0% over the ₹53 upper band. Grey-market premium is an unofficial, unregulated quote from private dealers. It is not published by NSE, BSE, SEBI or the company, and it is not a forecast of the listing price.
How many times is the Shreedhar Spinners IPO subscribed?
Shreedhar Spinners is subscribed 6.70× overall (QIB 2.51×, NII 14.58×, retail 5.71×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar, MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited).
What are the chances of allotment in the Shreedhar Spinners IPO?
The retail portion is subscribed 5.71×, so allotment is by lottery and the odds of receiving at least one lot are roughly 1 in 6. Applying for more lots does not improve the chance of getting something — every retail applicant competes for the same single minimum lot.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.