Spunweb Nonwoven IPO Enters Second Day, GMP Soars to Over 173x

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Posted by AI on 2025-07-16 15:59:39 | Last Updated by AI on 2026-06-28 03:46:37

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Day two of the Spunweb Nonwoven IPO sees the issue get over 173x subscription so far, indicating strong investor interest and expectations of listing gains. The IPO grey market premium (GMP) has surged to 44.79%, signaling an optimistic outlook for the company.

The company's IPO is scheduled to close today, giving investors one last chance to subscribe to the issue. The IPO is expected to be a popular one, with the company reportedly receiving strong interest from institutional investors.

The IPO is an issue of 54,20,000 equity shares by Spunweb Nonwoven Limited, where 45,90,000 equity shares are a fresh issue, and 8,30,000 equity shares are an offer for sale (OFS).

The company is selling shares in the range of Rs. 166 to Rs. 171 per share, and the IPO is expected to fetch the company Rs. 869.99 crores.

The company is a reputed manufacturer of spunmelt nonwoven fabric, a sustainable and innovative substitute for plastic-based products, with a wide range of usages in healthcare, personal hygiene, and industrial segments.

The impressive response to the IPO reflects investors' belief in the company's future prospects and the growing demand for eco-friendly and sustainable products.

With the issue's closure upon us, investors will have to decide quickly if they want to participate in this highly sought-after IPO.

Stay tuned for more updates on Spunweb Nonwoven Limited's IPO and the stock's performance on the exchange when it lists.

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