Shreedhar Spinners IPO
Textiles • ₹30.68 Cr
High risk because:
- 5 material risk factors disclosed in DRHP
- Working capital or debt pressure highlighted in DRHP
- Regulatory or legal risks cited in DRHP
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹53
Lot Size
2000 shares
Issue Size
₹30.68 Cr
Open
23 Jun 2026
Close
25 Jun 2026
Subscription
6.04×
IPO Schedule
| Issue Open Date | 23 Jun 2026 |
| Issue Close Date | 25 Jun 2026 |
| Listing Date | 30 Jun 2026 |
About Shreedhar Spinners
Shreedhar Spinners Limited is a manufacturer of compact spun cotton yarn in counts ranging from Ne 10s to Ne 40s. The company operates a manufacturing facility located in the Additional Amravati Industrial Area Textile Park, Maharashtra, spread over about 120,000 square metres under a long-term lease arrangement. As of March 31, 2026, the facility had an installed capacity of 10,000 MT per annum, supported by 28,608 spindles, and operates round the clock for around 360 days a year. The company follows a business-to-business (B2B) model and supplies cotton yarn to textile manufacturers, exporters, traders, and fabric processors, primarily in Maharashtra. Its yarn is used in knitting and weaving applications across segments such as apparel, denim, bed linen, terry towels, socks, furnishing fabrics, and industrial textiles. Shreedhar Spinners has obtained ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications and maintains an in-house quality control team equipped with manual, semi-automatic, and automatic testing systems. The company sources cotton bales from local ginners, traders, and the Cotton Corporation of India and benefits from its location in the cotton-rich Vidarbha region. It is promoted by Dharmendra Mohandas Goyal and Vishal Agarwal, who together have over five decades of experience in the textile industry.
Company Details
Founders / Promoters
Mr Dharmendra Mohandas Goyal
Founded
2020
Registrar
LINK
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Shreedhar Spinners — IPOFins Verdict
QuantitativeDriven by QIB demand at 2.5x and elevated disclosed risk (8/10), Shreedhar Spinners listed at a premium of 2.6% to its issue price. SME listings are also thinner and more volatile after listing. The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
- The company claims to have developed long-standing relationships with customers through its focus on product quality and customised solutions. It states that it served 42 customers in FY26, 36 in FY25
- The company claims to operate a fully integrated spinning facility with an annual production capacity of 10,000 MT supported by 28,608 spindles as of March 31, 2026. It states that the use of compact
- The company claims to be led by promoters with over 50 years of combined experience in the textile industry. It states that its operations are supported by a workforce of 164 employees as of April 30,
- The company claims to maintain stringent quality standards supported by ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 certifications. It states that an in-house testing and quality control team com
- The company claims to benefit from its manufacturing facility's location within the MIDC Textile Park in Amravati, Maharashtra, close to the cotton-producing Vidarbha region. It states that the locati
Score breakdown — what drove this verdict
High risk from DRHP → score -1.2
Institutional subscription → score 0
Strong retail interest → score +0.5
Actual listing outcome → score +0.5
SME IPOs have lower liquidity after listing → score −0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹53
Listing Price
₹54.4
Listing Gain/Loss
+2.64%
Listing Date
30 Jun 2026
Price Since Listing
Returns are measured against the ₹53 issue price.
Listing
₹54.4
+2.6%
1 Month
₹88
+66.0%
Current
₹88
+66.0%
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FAQ
What is the price band of Shreedhar Spinners IPO?
The price band is ₹53 per share with a lot size of 2000 shares. Minimum investment: ₹1,06,000.
What does Shreedhar Spinners do?
Shreedhar Spinners Limited is a manufacturer of compact spun cotton yarn in counts ranging from Ne 10s to Ne 40s. The company operates a manufacturing facility located in the Additional Amravati Industrial Area Textile Park, Maharashtra, spread over about 120,000 square metres under a long-term lease arrangement. As of March 31, 2026, the facility had an installed capacity of 10,000 MT per annum, supported by 28,608 spindles, and operates round the clock for around 360 days a year. The company follows a business-to-business (B2B) model and supplies cotton yarn to textile manufacturers, exporters, traders, and fabric processors, primarily in Maharashtra. Its yarn is used in knitting and weaving applications across segments such as apparel, denim, bed linen, terry towels, socks, furnishing fabrics, and industrial textiles. Shreedhar Spinners has obtained ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications and maintains an in-house quality control team equipped with manual, semi-automatic, and automatic testing systems. The company sources cotton bales from local ginners, traders, and the Cotton Corporation of India and benefits from its location in the cotton-rich Vidarbha region. It is promoted by Dharmendra Mohandas Goyal and Vishal Agarwal, who together have over five decades of experience in the textile industry.
Should I apply for Shreedhar Spinners IPO?
Shreedhar Spinners listed at ₹54.4 (+2.6% premium to the ₹53 issue price) after 6.0x subscription. IPOFins Score 4/10: Driven by QIB demand at 2.5x and elevated disclosed risk (8/10), Shreedhar Spinners listed at a premium of 2.6% to its issue price. SME listings are also thinner and more volatile after listing. The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
Who founded Shreedhar Spinners?
Shreedhar Spinners was founded by Mr Dharmendra Mohandas Goyal in 2020.