Shreedhar Spinners Limited
Shreedhar Spinners Limited is an NSE SME IPO of a Maharashtra-based compact spun cotton yarn manufacturer with a capacity of 10,000 MT per annum, raising ₹30.68 crores entirely through a fresh issue.
Overview
About the Company
Established in December 2020, Shreedhar Spinners Limited produces 100% compact spun cotton yarn in counts ranging from Ne 10s to Ne 40s at its spinning facility within the Amravati Textile Park, Maharashtra. The plant has an installed capacity of 10,000 MT per annum and operates 28,608 spindles. The company's yarn serves both knitting and weaving applications across sectors including apparel, denim, terry towels, shirting, bed linen, sweaters, socks, furnishing fabrics, and industrial textiles. Operating solely in the B2B space, it supplies textile manufacturers, exporters, traders, and fabric processors, predominantly across Maharashtra. Raw cotton is procured from local ginners, traders, and the Cotton Corporation of India (CCI), benefiting from proximity to the cotton-rich Vidarbha region. The company holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications and maintains advanced in-house quality control and contamination control systems. It 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 workforce stood at 164 employees.
Company Details
📋 Objects of Issue (Use of Proceeds)
- › Meeting incremental working capital requirements of the company (₹21.04 crore, approximately 68.58% of net proceeds).
- › Acquisition of machinery for the existing production facility located at Amravati, Maharashtra (₹4.95 crore, approximately 16.13% of net proceeds).
- › General corporate purposes (₹4.69 crore, approximately 15.29% of net proceeds).
✅ Strengths
- ✓ Produces compact spun cotton yarn suitable for a wide range of knitting and weaving applications.
- ✓ Operates a large-scale modern spinning facility with an annual capacity of 10,000 MT and 28,608 spindles.
- ✓ Strategically situated in the Vidarbha region, a major cotton belt, ensuring reliable and cost-efficient raw material procurement.
- ✓ Serves an exclusively B2B customer base comprising textile manufacturers, exporters, traders, and fabric processors.
- ✓ Holds internationally recognised quality, environmental, and safety certifications (ISO 9001:2015, ISO 14001:2015, ISO 45001:2018).
- ✓ Maintains dedicated in-house quality control and testing infrastructure with contamination control systems.
- ✓ Promoters bring over 25 years of hands-on textile industry experience.
- ✓ Cost-efficient production capabilities with track record of timely order fulfilment.
⚠️ Risks
- ! Revenue and margins are exposed to volatility in cotton prices and potential disruptions in raw material supply.
- ! The company operates on a purchase-order basis without long-term supply agreements, creating revenue uncertainty.
- ! Any failure to meet product quality standards could result in order cancellations and erosion of the customer base.
- ! Elevated inventory requirements to support operations may stretch working capital and increase inventory-related risks.
- ! Adverse changes in government policies, sector regulations, or broader economic conditions could negatively affect business operations and profitability.