Spunweb Nonwoven launches its IPO today, aiming to raise Rs 61 crore through a fresh issue of 63.52 lakh shares priced at Rs 90–96 each. The Rajkot-based manufacturer of nonwoven fabric, experiencing strong informal market interest with a 36% GMP, plans to use the IPO proceeds for working capital, subsidiary investment, and debt repayment.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets