Shreedhar Spinner IPO Day 1: Here's GMP, subscription status, and other details

Shreedhar Spinners SME IPO opened for subscription on 23 June with a price band of ₹51–53 per share, aiming to raise ₹30.68 crore via fresh issue of 57.88 lakh shares. On day 1, the issue was subscribed just 0.10 times with retail at 0.08 times, NIIs at 0.26 times, and QIB portion unsubscribed. Grey market premium stood at zero, indicating no listing day premium expected. The company posted FY26 revenue of ₹146.55 crore (up 9% YoY) and profit after tax of ₹6.17 crore (up 81% YoY), with the stock set to list on the NSE SME platform on 1 July.