Shreedhar Spinners IPO
Shreedhar Spinners LtdSME
This IPO has listed.
- Open date
- 23 Jun 2026
- Close date
- 25 Jun 2026
- Min. Investment
- ₹2,12,000
- Lot Size
- -
- Fresh Issue
- ₹30.68 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- -
Subscription rate
- Qualified Institutional Buyers2.51x
- Non-Institutional Investors10.21x
- Retail-Individual Investors5.71x
- Total6.17x
Schedule
- Completed: IPO open date23 Jun 2026
- Completed: IPO close date25 Jun 2026
- Completed: Allotment date29 Jun 2026
- Completed: Funds unblock or debit30 Jun 2026
- Completed: Tentative listing date1 Jul 2026
About
Promoter shareholding in Shreedhar Spinners Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Shreedhar Cotsyn Private Limit | 1,44,99,600 | 92.65% | 1,44,99,600 | 67.64% |
| Dharmendra Mohandas Goyal | 1,10,000 | 0.70% | 1,10,000 | 0.51% |
| Vishal Agarwal | 1,75,000 | 1.12% | 1,75,000 | 0.82% |
| Varesh Goyal | 42,500 | 0.27% | 42,500 | 0.20% |
| Sunita Dharmendra Goyal | 70,000 | 0.45% | 70,000 | 0.33% |
| Pooja Agarwal | 30,000 | 0.19% | 30,000 | 0.14% |
| Aditi Goyal | 42,500 | 0.27% | 42,500 | 0.20% |
| Mohan Das Goyal | 10,000 | 0.06% | 10,000 | 0.05% |
| Twinkle Adukia | 10,000 | 0.06% | 10,000 | 0.05% |
| Kusum Devi Agarwal | 5,000 | 0.03% | 5,000 | 0.02% |
| Vishal Agarwal HUF | 2,500 | 0.02% | 2,500 | 0.01% |
| Rajendra Prasad Agarwal HUF | 2,500 | 0.02% | 2,500 | 0.01% |
| Ram Krupa Properties Private | 5,000 | 0.03% | 5,000 | 0.02% |
| Pankaj Kailash Poddar | 15,000 | 0.10% | 15,000 | 0.07% |
| Pawan Poddar | 10,000 | 0.06% | 10,000 | 0.05% |
| Arunima Amodkumar Agarwal | 10,000 | 0.06% | 10,000 | 0.05% |
| Mukul Mohandas Goyal | 20,000 | 0.13% | 20,000 | 0.09% |
| Madhav Vishal Agarwal | 20,000 | 0.13% | 20,000 | 0.09% |
| Shree Nagani Silk Mills Priva | 10,000 | 0.06% | 10,000 | 0.05% |
| Siddhartha Super Spinning Mil | 10,000 | 0.06% | 10,000 | 0.05% |
| Himtex Textiles Private Limit | 10,000 | 0.06% | 10,000 | 0.05% |
Shreedhar Spinners IPO Strengths & Risks
- Long term and expanding customer relationship across textile industry.
- Fully integrated cotton spinning infrastructure with modern technologies to support the company product portfolio.
- Experienced management team.
- Location advantage of the manufacturing facility.
- Cost effective production and timely fulfilment of orders
- Risks Relating to the Business: Some of the Equity Shares held by the Promoter, Shreedhar Cotsyn Private Limited, has been pledged with the SBICAP Trustee Company Limited.
- Risks Relating to the Business: The company financing agreements contain covenants that limit its flexibility in operating the company business and has a significant debt-equity ratio. Its inability to meet the company obligations, including financial and other covenants under the company debt financing arrangements could adversely affect its business, results of operations and financial condition. Additionally, the company Promoters has given personal guarantees in relation to certain financing arrangements provided to the Company by the lenders which may not continue after the completion of the Offer.
- Risks Relating to the Business: The company has in the past entered into related party transactions and may continue to does so in the future.
- Risks Relating to the Business: The company business is dependent on its operating facility in Amravati. The loss or shutdown of the company facilities could has a material adverse effect on its business, financial condition and results of operations.
- Risks Relating to the Business: The company generate a substantial portion of revenue from Maharashtra. Any adverse developments affecting its operations in the Maharashtra could has an adverse impact on the company revenue and results of operations.
- Risks Relating to the Business: The company generally does business with its customers on purchase order basis and does not enter into long term contracts with them. The company inability to maintain relationships with its customers could has an adverse effect on its business, prospects, results of operations and financial condition.
- Risks Relating to the Business: The company is dependent upon limited suppliers for the raw material requirements of its business. Further, the company does not has definitive agreements or fixed terms of trade with most of its suppliers. Additionally, the Company relies on suppliers located in certain states in India for procurement of raw materials. Failures to successfully leverage its relationships with existing suppliers or to identify new suppliers could adversely affect the company business operations.
- Risks Relating to the Business: The company faces competition in its business from organized and unorganized players, which may adversely affect its business operations and financial condition.
- Risks Relating to the Business: The company business is subject to seasonal volatility on account of the nature of main raw material i.e., raw cotton as an agricultural commodity, and such seasonality may cause significant fluctuations in its revenue, results of operations, and financial condition.
- Risks Relating to the Business: The company has working capital requirements. If its experience insufficient cash flows to make required payments on the company debt or fund working capital requirements, there may be an adverse effect on its results of operations.
- Risks Relating to the Business: The company has certain outstanding litigation against its Company, an adverse outcome of which may adversely affect the company business, reputation and results of operations.
- Risks Relating to the Business: The company business operations relies on the availability of labour, and any shortage or unavailability of labour could disrupt its operations and adversely impact the company performance. Unauthorised access to or disclosure of the Company's confidential business and operational information may adversely affect its business. Additionally, any negative publicity against the company, any of the Group Companies or the customers or any of their affiliates could cause the reputational harm.
- Risks Relating to the Business: The company has contingent liabilities, and its financial condition could be adversely affected if any of these contingent liabilities materializes.
- Risks Relating to the Business: The company business relies on third-party transport logistics and storage providers for the timely procurement of raw materials and distribution of finished products, and any disruption or cost increase in such services could adversely affect its operations.
- Risks Relating to the Business: The company intend to utilise Rs. 494.77 Lakhs from the Net Proceeds for funding its capital expenditure requirements towards purchase of new machinery, for which the company has not placed any orders or entered into any definitive agreements.
- Risks Relating to the Business: The company net cash flows from operating, investing and financing activities has been negative in some years in the past. Any negative cash flow in the future may affect its liquidity and financial condition.
- Risks Relating to the Business: Orders placed by the company customers may be delayed, modified, cancelled or not fully paid for, which may adversely affect its business, financial condition and results of operations.
- Risks Relating to the Business: The company does not own the premises in which its registered office and manufacturing unit the company located and the same are on lease arrangement. Any termination of such lease/license and/or non-renewal thereof and attachment by Property Owner could adversely affect its operations.
- Risks Relating to the Business: Any downgrading of the company credit rating by a domestic or international credit rating agency may increase interest rates for its future borrowings, which would increase the company cost of borrowings, and adversely affect its ability to borrow on a competitive basis.
- Risks Relating to the Business: Cotton is a highly flammable commodity, and any fire, accident, or mishap at the company facilities could result insignificant property damage, business interruption, and financial loss.
- Risks Relating to the Business: Potential conflicts of interest with the company Holding Company may affect its business.
- Risks Relating to the Business: The Company has not registered its logo or any other trademark. Some trademarks has been applied by the Corporate Promoter and the same is proposed to be used by the Company for which the NOC has already been taken from the Corporate Promoter. The Trade Marks has not been registered which may adversely affect its ability to protect the company brand and business identity.
- Risks Relating to the Business: Any variation in the utilization of the Net Proceeds as disclosed in this Prospectus shall be subject to certain compliance requirements, including prior Shareholders' approval.
- Risks Relating to the Business: The company funding requirements and the proposed deployment of Net Proceeds is not appraised by any independent agency, which may affect its business and results of operations.
- Risks Relating to the Business: The company has a limited operating history as a company, and its past performance may not be a reliable indicator of the company future results or prospects.
- Risks Relating to the Business: The company insurance coverage may not adequately protect its against all material hazards, which may adversely affect its business, results of operations and financial condition.
- Risks Relating to the Business: Any change in government policies relating to the textile or cotton sector, including Minimum Support Prices(MSPs), subsidies, or incentive schemes, may adversely affect its cost structure, supply chain, or customer demand, thereby impacting the company business, results of operations and financial condition.
- Risks Relating to the Business: The company has significant power requirements for continuous running of its manufacturing unit. Any disruption to the company operations on account of interruption in power supply or any irregular or significant hike in power tariffs may has an effect on its business, results of operations and financial condition.
- Risks Relating to the Business: Under-utilization of the company manufacturing capacities, or its inability to effectively utilize the company installed capacities, could adversely affect its business, prospects, and financial performance.
- Risks Relating to the Business: The company business operations is subject to extensive environmental, health, and safety regulations, and any failures to comply with such regulations could materially and adversely affect its business, financial condition, and results of operations.
- Risks Relating to the Business: Technological changes in the textile industry may render the company manufacturing facility and machinery less competitive or obsolete, which could adversely affect its business and results of operations.
- Risks Relating to the Business: Continued operations at the company Manufacturing Facility is critical to its business, and any disruption could materially and adversely affect the company results of operations, cash flows, and financial condition.
- Risks Relating to the Business: There is certain discrepancies and non-compliances noticed in some of the company corporate records relating to forms filed with the Registrar of Companies.
- Risks Relating to the Business: The company raw materials and finished products is susceptible to deterioration and colour fading during storage, which may result in losses, reduced realizations, and adverse impact on its profitability.
- Risks Relating to the Business: Any IT system failures or lapses on part of any of the company employees may lead to operational interruption, liabilities or reputational harm.
- Risks Relating to the Business: There has been instances of delay or default in payment of statutory dues and filing of statutory returns by the company in the past.
- Risks Relating to the Business: Any failures or significant weakness of the company internal controls system could cause operational errors or incidents of fraud, which would adversely affect its profitability and reputation.
- Risks Relating to the Business: The Company has issued Equity Shares / convertible securities at a price lower than the Issue Price during the preceding twelve months.
- Risks Relating to the Business: The Company has not registered the trademark. Its ability to use the trademark may be impaired if the same is not registered under the company name.
- Risks Relating to the Business: Significant differences exist between Indian GAAP and other accounting principles, such as U.S. GAAP and IFRS, which investors may be more familiar with and may consider material to their assessment of the company financial condition.
- Risks Relating to the Business: The company could be harmed by employee misconduct or errors that is difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
- Risks Relating to the Business: The company financing agreements contain covenants that limit its flexibility in operating the company business. Its inability to meet the company obligations, including financial and other covenants under its debt financing arrangements could adversely affect the company business, results of operations and financial condition.
- Risks Relating to the Business: The company business is operating under various laws which requires its to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and the company inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for its business operations could materially and adversely affect the company business, prospects, results of operations and financial condition.
- Risks Relating to the Business: Unsecured loans taken by the Company can be recalled by the lenders at any time.
- Risks Relating to the Business: If the company is unable to accurately forecast customer demand and maintain optimal inventory levels of cotton bales and finished yarn, its business, results of operations, and financial condition may be adversely affected.
- Risks Relating to the Business: The company business depends on its ability to consistently maintain stringent quality standards. Any failures to meet customer-prescribed specifications may result in product rejections, order cancellations, reputational harm, and adverse impact on its financial performance.
- Risks Relating to the Business: The company inability to effectively manage its growth or to successfully implement the company business plan and growth strategies could has an adverse effect on its business, results of operations and financial condition. The success of the company business will depends greatly on its ability to effectively implement the company business and growth strategies.
- Risks Relating to the Business: The determination of the Price Band is based on various factors and assumptions and the Issue Price of the Equity Shares may not be indicative of the market price of the Equity Shares after the Issue.
- Risks Relating to the Business: If the company is unable to source business opportunities effectively, its may not achieve the company financial objectives.
- Risks Relating to the Business: There may be potential conflicts of interest if the company Promoters or Directors get involved in any business activities that compete with or are in the same line of activity as its business operations.
- Risks Relating to the Business: The company success largely depends upon the knowledge and experience of its Promoters, Directors, the company Key Managerial Personnel and Senior Management as well as its ability to attract and retain personnel with technical expertise. Any loss of the company Promoter, Directors, Key Managerial Personnel, Senior Management or its ability to attract and retain them and other personnel with technical expertise could adversely affect the company business, financial condition and results of operations.
- Risks Relating to the Business: Some of the company Directors does not possess experience of being on the board of any listed company.
- Risks Relating to the Business: In addition to normal remuneration or benefits and reimbursement of expenses, some of the company directors and key managerial personnel is interested in its Company to the extent of their shareholding and dividend entitlement in the Company.
- Risks Relating to the Business: The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Issue. Further the company has not identified any alternate source of financing the `Objects of the Issue'.
- Risks Relating to the Business: There is no monitoring agency appointed by the Company and the deployment of funds is at the discretion of its Management and the company Board of Directors, though it shall be monitored by the Audit Committee.
- Risks Relating to the Business: The continuing effect of the COVID-19 pandemic on the company business and operations is highly uncertain and cannot be predicted.
- Risks Relating to the Business: This Red Herring Prospectus contains information from third parties, including an industry report prepared by an independent third-party research agency, Wazir Advisors Private Limited ("Wazir"), which the company has commissioned and paid for purposes of confirming its understanding of the industry exclusively in connection with the Issue.
- Risks Relating to the Business: The company growth is directly linked to the performance of the textile and apparel industry, and any slowdown or shiftin demand within these segments may adversely impact its revenues and profitability.
- Risks Relating to the Business: The requirements of being a public listed company may strain its resources and impose additional requirements.
