Shreedhar Spinners is finalising share allotment for its initial public offering today, marking the end of the subscription phase for the Maharashtra-based textile manufacturer.
The SME IPO opened for public subscription on Tuesday, June 23, and concluded on Thursday, June 25, with the allocation process now underway for investors who applied during the window.
The company, established in 2020, is engaged in the manufacturing of compact spun cotton yarn of various counts.
Through this offering, Shreedhar Spinners sought to raise ₹30.68 crore to fund its operations and expansion plans.
Investors can now check their allotment status online through the registrar's portal or their trading accounts.
The allotment follows a period of heightened activity in the Indian SME IPO market, with other recent listings such as Twinkle Papers Ltd also seeing strong investor interest and grey market premiums.