Incorporated in December 2020, Shreedhar Spinners Limited is a cotton yarn manufacturing company engaged in the production of 100% compact spun cotton yarn with counts ranging from Ne 10s to Ne 40s.
The company operates a modern spinning facility located in the Amravati Textile Park, Maharashtra, with an installed production capacity of 10,000 MT per annum and 28,608 spindles.
The company manufactures cotton yarn suitable for both knitting and weaving applications, catering to diverse end-use sectors such as apparel, denim, terry towels, shirting, bed linen, sweaters, socks, furnishing fabrics, and industrial textiles. Operating exclusively in the B2B segment, Shreedhar Spinners supplies its products to textile manufacturers, exporters, traders, and fabric processors, primarily across Maharashtra.
The company sources raw cotton from local ginners, traders, and the Cotton Corporation of India (CCI) and benefits from its strategic location in the cotton-rich Vidarbha region. It is certified under ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 standards and maintains a dedicated quality control team supported by advanced testing equipment and contamination control systems.
Shreedhar Spinners is led by promoters Dharmendra Mohandas Goyal and Vishal Agarwal, both Chartered Accountants with over 25 years of textile industry experience.
As of April 30, 2026, the company employed 164 personnel across production, engineering, quality control, administration, and management functions.
Key Strengths:
Shreedhar Spinners Ltd.’s revenue increased by 9% and profit after tax (PAT) rose by 81% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 172.12 | 102.32 | 92.28 |
| Total Income | 146.55 | 134.43 | 126.35 |
| Profit After Tax | 6.17 | 3.42 | 3.35 |
| EBITDA | 17.62 | 13.11 | 13.41 |
| NET Worth | 29.76 | 20.34 | 16.92 |
| Reserves and Surplus | 14.11 | 5.34 | 1.92 |
| Total Borrowing | 115.90 | 65.31 | 62.11 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|
| Harikanta Overseas Ltd. | SME | ₹24.30 Cr | ₹91 | ₹75.77 | -16.74% | ₹62.79 (+2.92%) |
| Yajur Fibres Ltd. | SME | ₹120.41 Cr | ₹174 | ₹132.25 | -23.99% | ₹40.83 (+1.42%) |
| K K Silk Mills Ltd. | SME | ₹28.50 Cr | ₹38 | ₹30.40 | -20.00% | ₹10.80 (-4.26%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding incremental working capital requirements of the Company | 21.04 |
| 2 | Purchase of machineries into existing manufacturing facility at Amravati, Maharashtra | 4.95 |
| 3 | General Corporate Purposes | |
| Total | 25.98 |
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 24.64% |
| ROCE | 9.34% |
| Debt/Equity | 3.89 |
| RoNW | 20.74% |
| PAT Margin | 4.22% |
| EBITDA Margin | 12.04% |
| Price to Book Value | 2.79 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.94 | 2.88 |
| P/E (x) | 13.44 | 18.41 |
| IPO Date | 23 to 25 Jun, 2026 |
| Listing Date | Wed, Jul 1, 2026T |
| Face Value | ₹10 per share |
| Price Band | ₹51 to ₹53 |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 57,88,000 shares (agg. up to ₹31 Cr) |
| Reserved for Market Maker |
3,86,000 shares
(agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 54,02,000 shares (agg. up to ₹29 Cr) |
| Net Offered to Public | 54,02,000 shares (agg. up to ₹29 Cr) |
| Share Holding Pre Issue | 1,56,50,000 shares |
| Share Holding Post Issue | 2,14,38,000 shares |
Shreedhar Cotsyn Private Limited, Dharmendra Mohandas Goyal, Vishal Agarwal, Sunita Dharmendra Goyal, Pooja Agarwal and Varesh Goyal
| Share Holding Pre Issue | 96.55% |
| Share Holding Post Issue | 70.44% |
As per our analysis and Based on the information we have, this is the output.
Allah knows best.
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