Shreedhar Spinners IPO listing: Shares hit upper price band after a positive debut; details here

Shreedhar Spinners made a positive debut on the NSE SME platform, listing at about ₹54.40, up 2.6% from the issue price of ₹53, and extended gains to hit the upper circuit at ₹57.10 (around 7.74% premium). The SME IPO, which closed on 25 June with nearly 7 times subscription, was a fresh issue of around 57.88 lakh shares priced between ₹51-₹53 to raise about ₹30.68 crore for working capital and machinery purchase. The textile firm reported revenue of ₹146.37 crore and profit of ₹6.17 crore for FY26.