Shreedhar Spinners IPO Subscribed 6.70 Times on Day 3

Shreedhar Spinners Limited's initial public offering (IPO) closed its three-day subscription window at 6.70 times overall subscription by 5:10 PM on Day 3 (June 25, 2026). The ₹30.68 crore book-build issue, priced at ₹51 to ₹53 per share, received bids for 2,53,56,000 shares against 37,84,000 shares on offer, with total applications reaching 3,470.

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Subscription Status of Shreedhar Spinners IPO

Here are the subscription details for Shreedhar Spinners IPO Day 3, as of 5:04 PM:

Key Highlights – Day 3

• Overall subscription surged to 6.70 times on the final day, from Day 2's 1.32 times, driven by a sharp last-day surge across all investor categories.
• Non-institutional investors led at 14.58 times, surging from Day 2's 3.93 times, with bNII at 17.94 times and sNII at 7.86 times, reflecting strong HNI demand for this cotton yarn manufacturing SME IPO.
• Individual investors surged to 5.71 times from Day 2's 0.73 times.
• Qualified institutional buyers (ex-anchor) crossed full subscription at 2.51 times, surging from Day 2's 0.39 times.
• Total applications reached 3,470 on Day 3.

Key Highlights – Day 2

• Overall subscription crossed full subscription at 1.32 times, improving from Day 1's 0.54 times.
• Non-institutional investors improved to 3.93 times from Day 1's 1.53 times, with bNII at 4.90 times and sNII at 2.00 times.
• Qualified institutional buyers (ex-anchor) improved to 0.39 times from Day 1's 0.02 times.
• Individual investors improved to 0.73 times from Day 1's 0.41 times.
   

Key Highlights – Day 1

• Overall subscription reached 0.54 times on Day 1 (June 23, 2026), reflecting moderate initial investor interest in this cotton yarn manufacturing SME IPO.
• Non-institutional investors crossed full subscription at 1.53 times, with bNII at 1.98 times and sNII at 0.63 times on Day 1.
• Qualified institutional buyers (ex-anchor) showed negligible participation at 0.02 times on Day 1.
• Individual investors showed subdued participation at 0.41 times on Day 1.
• Anchor investors fully subscribed their allocation of ₹8.58 crores on June 22, 2026.

About Shreedhar Spinners

Incorporated in December 2020, Shreedhar Spinners Limited manufactures 100% compact spun cotton yarn with counts ranging from Ne 10s to Ne 40s, operating a modern spinning facility at the Amravati Textile Park, Maharashtra, with an installed capacity of 10,000 MT per annum and 28,608 spindles. The company serves textile manufacturers, exporters, traders, and fabric processors exclusively on a B2B basis and is certified under ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 standards. As of April 30, 2026, the company had 164 employees.