Shreedhar Spinners has launched its initial public offering, opening the subscription window on Tuesday, June 23.
The Maharashtra-based textile manufacturer, established in 2020, is seeking to raise ₹30.68 crore through a fresh issue of 57.88 lakh equity shares.
The IPO is priced in the band of ₹51 to ₹53 per share and will remain open for bidding until Thursday, June 25.
The stock is scheduled to debut on the National Stock Exchange’s SME platform on July 1.
The offering arrives as activity in India’s SME IPO segment remains robust, with several other companies launching or closing their subscription windows in recent days.
Anubhav Plast Ltd, a plastic products manufacturer, is closing its four-day bidding period today, while CSM Technologies recently opened a larger ₹146 crore issue set to list on both the Bombay Stock Exchange and the National Stock Exchange on July 2.