Spunweb Nonwoven Ltd - IPO

Spunweb Nonwoven Ltd IPO Details

Initial public issue of upto 63,51,600 equity shares of face value of Rs.10/- each of Spunweb Nonwoven Limited (formerly known as Spunweb Nonwoven Private Limited), (Spunweb or the Company or the Issuer) for cash at a price of Rs. 96 /- per equity share including a share premium of Rs. 86/- per equity share (the Issue Price) aggregating to Rs.60.98 crores (the Issue), of which 3,21,600 equity shares of face value of Rs.10/- each for cash at a price of Rs. 96/- per equity share including a share premium of Rs. 86/- per equity share aggregating to Rs.3.09 crores was reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 60,30,000 equity shares of face value of Rs.10/- each at a price of Rs. 96 /- per equity share including a share premium of Rs. 86 /- per equity share aggregating to Rs.57.89 crores is hereinafter referred to as the Net Issue. the issue and the net issue constituted 26.35% and 25.02%, respectively, of the post issue paid up equity share capital of ther company.

Objective of issue

Funding the working capital requirements of the company. Investment in its wholly owned subsidiary, SIPL, for funding its working capital requirements. Repayment, in full or in part, of certain borrowings availed by the company. General corporate purposes.

Spunweb Nonwoven Ltd Contact Details

Spunweb Nonwoven Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@spunweb.in

Website - www.spunweb.com