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Bloomberg Quint

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Image Credit: Bloomberg Quint

Spunweb Nonwoven IPO Day 2: Check Latest GMP, Subscription Status, Price Band And Other Key Details

  • Spunweb Nonwoven IPO day 2 saw strong demand with over 15 times subscription driven by retail investors.
  • Grey market premium (GMP) for the IPO was at Rs 42 as of July 15, indicating a listing price of Rs 138 apiece.
  • The IPO is a book-building issue aiming to raise Rs 60.98 crore, with a price band set between Rs 90 to Rs 96 per share.
  • Proceeds from the IPO will be used for working capital requirements, debt repayment, and general corporate purposes.

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