Shreedhar Spinners IPO

The price band is ₹51-53 per share with a lot size of 2000 shares. Minimum investment: ₹106000.

Shreedhar Spinners Limited is engaged in the manufacture of compact spun cotton yarn and operates a manufacturing facility at the Amravati Textile Park in Maharashtra. The company produces cotton yarn in various counts ranging from Ne 10s to Ne 40s using raw cotton bales as its primary raw material. Its yarn products are used in both knitting and weaving applications and cater to end-use segments such as apparel, denim, terry towels, shirting, bed linen, sweaters, socks, furnishing fabrics and industrial fabrics. The company operates exclusively in the business-to-business (B2B) segment and supplies its products to textile manufacturers, yarn exporters, traders and fabric processors. Revenue is generated through the sale of cotton yarn to these customers. The company’s manufacturing operations are supported by in-house testing and quality control processes, while its location in a major cotton-growing region helps in sourcing raw materials for production.

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Shreedhar Spinners was founded by Mr Dharmendra Mohandas Goyal in 2020.