Shreedhar Spinners IPO: Check GMP, subscription, price band and other details

Shreedhar Spinners is set to raise Rs 30.68 crore through a fresh issue of 57.88 lakh shares on the NSE SME platform, with bidding open till June 25 at a price band of Rs 51-53 per share. The Maharashtra-based compact cotton yarn manufacturer, with an installed capacity of 10,000 metric tonnes per annum, plans to use proceeds for working capital, machinery purchase and general corporate purposes. In FY26, the company reported revenue of Rs 146.55 crore (up 9%) and PAT of Rs 6.17 crore (up 81%), with EBITDA at Rs 17.62 crore.