Mumbai, July 21 -- The scrip was listed at Rs 151, a premium of 57.29% compared with the initial public offer (IPO) price. The stock is currently frozen at its upper limit of 5% over its listing price.

The counter hit a high of Rs 158.55 and a low of Rs 151. About 25.90 lakh shares of the company changed hands at the counter.

Spunweb Nonwoven's IPO was subscribed 233.35 times. The issue opened for bidding on 14 July 2025 and it closed on 16 July 2025. The price band of the IPO was set at Rs 90 to Rs 96 per share.

The IPO comprised fresh issue of 45,48,000 equity shares. The company intends to utilize the net proceeds for funding its working capital requirements, investing in its wholly-owned subsidiary, SIPL, for funding its working ca...