# Shreedhar Spinners Limited: IPO analysis > Shreedhar Spinners Limited (CIN U17299MH2020PLC351591) has filed a Prospectus with SEBI for an IPO comprising a fresh issue of ₹31 Cr. In FY26 it reported revenue of ₹146 Cr (+9.0% on FY25) and a net profit of ₹6.2 Cr. Promoters hold 95.4% before the IPO. Our fact-check of its claims found no medium or high concerns across 40 claims checked. - Page: https://ipo.innerkore.com/company/U17299MH2020PLC351591/shreedhar-spinners-limited/ - CIN: U17299MH2020PLC351591 - Last updated: 6 Jul 2026 ## Key facts - **Company:** Shreedhar Spinners Limited - **CIN:** U17299MH2020PLC351591 - **Filing stage:** Prospectus - **Latest SEBI filing:** 6 Jul 2026 - **Fresh issue:** ₹31 Cr - **Final offer price:** ₹53.00 per share - **Bidding opens:** 23 Jun 2026 - **Bidding closes:** 25 Jun 2026 - **Listing on:** NSE - **Revenue FY26:** ₹146 Cr - **Revenue growth:** +9.0% - **Net profit FY26:** ₹6.2 Cr - **Revenue CAGR FY24 to FY26:** 7.7% - **Promoter holding (pre-IPO):** 95.4% - **Lead managers:** Marwadi Chandarana Intermediaries Brokers Private Limited - **Registrar:** MUFG Intime India Private Limited - **Fact-check flags:** 0 high, 0 medium, 0 low ## Key signals (read from the filing; not investment advice) - **Valuation** (looks fine): 18.4x P/E. At the top of the band, on FY26 profit; 0.4x book value. - **Growth** (concern): 7.7% a year. Sales FY24 to FY26; latest year +9%. - **Profitability** (look closer): 4.2% net margin. FY26. - **Debt** (looks fine): 0.42x equity. ₹116 crore borrowed at the end of FY26. - **Profit into cash** (looks fine): 126% of profit. Operations brought in ₹7.8 crore against ₹6.2 crore of profit in FY26. - **One-off income** (looks fine): 2% of profit. Other and one-off income is 2% of pre-tax profit. - **Where the money goes** (looks fine): All new money. 100% is new shares issued by the company. - **Red flags** (looks fine): None serious. 40 claims checked: 0 high, 0 medium concern. ## Financial snapshot (₹ crore unless stated; consolidated) | | FY24 | FY25 | FY26 | |---|---:|---:|---:| | Sales | 126 | 134 | 146 | | Sales growth | – | 6.4% | 9.0% | | Net profit | 3.4 | 3.4 | 6.2 | | Net margin | 2.7% | 2.5% | 4.2% | | Net worth | 146 | 159 | 275 | | Borrowings | 62 | 65 | 116 | | Return on equity | 2.3% | 2.2% | 2.3% | ## Use of proceeds (fresh issue) - Funding incremental working capital requirements of our Company;: ₹21 crore - Purchase of machineries into existing manufacturing facility at Amravati, Maharashtra: ₹5.0 crore - General corporate purposes: ₹1.6 crore ## Fact-checked claims - **NONE** (SubsidiaryPerformance): The commencement of production at the proposed Manufacturing Unit 2 is scheduled for 2026.. No current web search results were found to corroborate, contradict, update, or provide any new information regarding the claim that the commencement of production at Manufacturing Unit 2 is scheduled for 2026. - **NONE** (SubsidiaryPerformance): The company received Bureau of Indian Standards IS/ISO certifications in 2025 for 9001:2015, 14001:2015, and 45001:2015.. No current web search results were found to corroborate, contradict, or provide any information regarding the claim that Shreedhar Spinners Limited received the specified BIS/ISO certifications in 2025. - **NONE** (SubsidiaryPerformance): The company participated as Gold Partners in BharatCon24 in 2024.. No current web search results were found to corroborate or contradict the claim that Shreedhar Spinners Limited participated as Gold Partners in BharatCon24 in 2024. - **NONE** (SubsidiaryPerformance): The company received various industry standards accreditations in 2023, including OEKO-TEX STANDARD 100, Global Organic Textile Standard (GOTS), Organic Content Standard (OCS), and Better Cotton Initiative Platform (BCI-Mass Balance).. No current web search results were found to corroborate, contradict, update, or provide any information regarding the industry standard accreditations claimed by Shreedhar Spinners Limited in 2023. - **NONE** (SubsidiaryPerformance): The company commenced unit commencement with 18240 spindles in 2022.. No current web search results were found to corroborate, contradict, or provide any information regarding the claim that the company commenced unit commencement with 18240 spindles in 2022. - **NONE** (SubsidiaryPerformance): A fresh certificate of incorporation was issued on November 17, 2025.. No current web search results were found to corroborate, contradict, or provide any information regarding the claim that a fresh certificate of incorporation was issued on November 17, 2025. - **NONE** (SubsidiaryPerformance): The company was converted into a public limited company through resolutions passed on October 6, 2025, and November 1, 2025.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim that the company was converted into a public limited company through resolutions passed on October 6, 2025, and November 1, 2025. - **NONE** (SubsidiaryPerformance): The Indian domestic textile and apparel market was US$ 147 Bn. in FY2025.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim that the Indian domestic textile and apparel market was US$ 147 Bn. in FY2025. - **NONE** (SubsidiaryPerformance): The overall size of India’s textile and apparel market was around US$ 184 Bn. in FY2025.. No current web search results were found to corroborate, contradict, or provide any information regarding the claim that the overall size of India’s textile and apparel market was around US$ 184 Bn. in FY2025. - **NONE** (SubsidiaryPerformance): China accounts for 34% of the total textile and apparel exports in 2023.. No current web search results were found to corroborate, contradict, update, or provide any information regarding China's share of textile and apparel exports in 2023. - **NONE** (SubsidiaryPerformance): The global apparel market is estimated to be US$ 1.8 trillion in 2024 and is expected to reach US$ 2.3 trillion by the year 2030, growing at a CAGR of 4% from 2024.. No current web search results were found to corroborate, contradict, update, or provide any new information regarding the estimated size and growth rate of the global apparel market as stated in the DRHP claim. - **NONE** (SubsidiaryPerformance): The Government of India has set an ambitious goal to increase the manufacturing sector's contribution to the nation's GDP to 25% by 2025, up from a base of approximately 16%.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim about the Government of India's goal to increase the manufacturing sector's contribution to GDP by 25% by 2025. ## Common questions ### How big is the Shreedhar Spinners Limited IPO? Shreedhar Spinners Limited's IPO comprises a fresh issue of ₹31 Cr, according to its Prospectus. The price band is not stated in that document. ### What are Shreedhar Spinners Limited's revenue and profit? Shreedhar Spinners Limited reported revenue from operations of ₹146 Cr in FY26, +9.0% versus FY25. Net profit was ₹6.2 Cr (FY25: ₹3.4 Cr). Revenue grew at a compound rate of 7.7% a year from FY24 to FY26. Figures are read from the Prospectus, as printed there. ### How much do promoters own in Shreedhar Spinners Limited? Promoters hold 95.4% of Shreedhar Spinners Limited before the IPO. ### How will Shreedhar Spinners Limited use the IPO money? The fresh-issue proceeds are earmarked for: Funding incremental working capital requirements of our Company; (₹21 Cr); Purchase of machineries into existing manufacturing facility at Amravati, Maharashtra (₹5.0 Cr); General corporate purposes (₹1.6 Cr). ### What are the red flags in Shreedhar Spinners Limited's Prospectus? We fact-checked 40 claims from the filing against the open web: 0 raised a high concern, 0 medium and 0 low. This is an automated screen, not a verdict; each finding links to its sources. ### What does Shreedhar Spinners Limited do? Forget the hype: there is absolutely no credible information confirming that Shreedhar Spinners Limited's second manufacturing unit is set to start production until 2026. This silence surrounding a key operational milestone raises serious questions about the company's timeline and future projections. ### Who manages the Shreedhar Spinners Limited IPO? Book running lead managers: Marwadi Chandarana Intermediaries Brokers Private Limited. Registrar to the offer: MUFG Intime India Private Limited. Shares are proposed to list on NSE. ### Where can I read the original Shreedhar Spinners Limited IPO documents? All 1 filing for Shreedhar Spinners Limited (Prospectus) are listed on this page with links to the original PDFs on SEBI's website. Every page reference cites the exact page of the source document. ## Source documents - [Shreedhar Spinners Limited](https://www.sebi.gov.in/sebi_data/attachdocs/jul-2026/1783337424176_1302.pdf) (Prospectus, filed 6 Jul 2026) --- Source: InnerKore IPO (https://ipo.innerkore.com/). Read from public SEBI filings by automated extraction; check the linked documents. Not investment advice.