| Annual Financials | Mar 2024 | Mar 2025 | Mar 2026 |
| Revenue | 126.14 | 134.27 | 146.37 |
| Expenses | 122.30 | 130.30 | 139.08 |
| Other Income | 0.21 | 0.16 | 0.18 |
| Total Revenue | 126.35 | 134.43 | 146.55 |
| Profit Before Tax | 4.05 | 4.13 | 7.47 |
| Net Profit | 3.35 | 3.42 | 6.17 |
Shreedhar Spinners
Shreedhar Spinners IPO
₹2,04,000
2.42 xOver-subscribedBidding Dates 23 Jun, 26 -25 Jun, 26
Min Investment ₹2,04,000
Lot Size2,000
Price Range ₹51 – ₹53
Issue Size ₹30.68 Cr.
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IPO Subscription Details
Retail Subscription Details
1.89 x
Non-Institutional Buyers (sHNI)
4.46 x
Non-Institutional Buyers (bHNI)
6.99 x
Qualified Institutional Buyers (QIB)
0.56 x
Total2.42 x
2.42 x IPO Timeline
IPO Offer Start
23 Jun,26
IPO Offer Ends
25 Jun,26
Allotment Finalisation
29 Jun,26
Refund Initiation
30 Jun,26
Listing of Shares
01 Jul,26
IPO Analysis
Strengths
The company has established strong relationships with key customers across 7 states and union territories, serving over 42, 36 and 33 customers during Fiscal 2026, 2025 and 2024 respectively, with approximately 8 customers associated for more than 3 years.
The company operates a fully integrated spinning facility with compact ring spinning technology, equipped with machinery from India, Italy and Switzerland, consolidating all essential stages from raw cotton to finished yarn within a single manufacturing unit.
The company's Promoters have combined more than fifty years of experience in the textile industry, with a dedicated skilled workforce of 164 staff as of April 30, 2026, including a qualified senior management team with vast industry experience.
Risks
The company has significant outstanding indebtedness of ₹11,637.79 Lakhs as of April 30, 2026, with debt-equity ratios of 3.89, 3.21 and 3.67 for Fiscals 2026, 2025 and 2024 respectively. Financing agreements contain restrictive covenants requiring lender approval for management changes, dividend declarations, capital structure modifications, and new projects, which could limit operational flexibility and adversely affect business operations if breached.
76,50,000 Equity Shares (48.88% of pre-Issue capital) held by Promoter Shreedhar Cotsyn Private Limited are pledged with SBICAP Trustee Company Limited. Any default by the Promoter could result in pledge invocation and disposal of pledged shares, potentially causing change in shareholding pattern, dilution of promoter control, and adverse impact on share price and investor confidence.
The company's business is entirely dependent on its operating facility in Amravati, Maharashtra. Any shutdown, equipment breakdown, power supply disruption, labor disputes, or operational problems at this single facility could have a material adverse effect on business continuity, production capacity, and financial performance.
Objectives
The company proposes to utilize Net Proceeds to fund working capital requirements to support increased operational volumes, raw material procurement, inventory maintenance, and day-to-day operations for the expansion phase including the new manufacturing unit.
The company intends to invest in technologically advanced spinning machinery, automation systems, and in-house testing laboratories to enhance manufacturing capabilities, improve process reliability, reduce operational bottlenecks, and ensure adherence to quality parameters.
The company will deploy the balance Net Proceeds for general corporate purposes including initial development costs for new products, meeting operating expenses, strengthening business development and marketing capabilities, and meeting exigencies in the ordinary course of business.
Yearly Financial Results
Balance Sheet
| Balance Sheet | Mar 2024 | Mar 2025 | Mar 2026 |
| Total Assets | 92.28 | 102.32 | 172.12 |
| Current Assets | 27.25 | 32.32 | 51.18 |
| Fixed Assets | 65.03 | 70.00 | 120.94 |
| Total Equity & Liabilities | 92.28 | 102.32 | 172.12 |
| Total Liabilities | 75.36 | 81.98 | 142.36 |
| Current Liabilities | 27.12 | 31.81 | 51.89 |
| Non Current Liabilities | 48.24 | 50.17 | 90.48 |
| Total Equity | 16.92 | 20.34 | 29.76 |
Cash Flow
| Cash Flow | Mar 2024 | Mar 2025 | Mar 2026 |
| Net Cash Flow | 0.06 | -0.01 | -0.03 |
| Investing Activities | -0.77 | -8.21 | -54.78 |
| Operating Activities | 8.13 | 10.47 | 7.78 |
| Financing Activities | -7.30 | -2.26 | 46.97 |
About Shreedhar Spinners
The company is primarily engaged in manufacturing compact spun cotton yarn of various counts ranging from Ne 10s to Ne 40s at its manufacturing facility located in Amravati, Maharashtra, with a production capacity of 10,000 MT per annum and 28,608 spindles. The company operates exclusively in the business-to-business (B2B) segment,...more
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Managing DirectorDharmendra Mohandas Goyal
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