New Delhi, July 17 -- Spunweb Nonwoven IPO allotment status: Following a blockbuster response to the initial public offering (IPO) of Spunweb Nonwoven, investors are now shifting their focus to the allotment of its shares. Spunweb Nonwoven IPO closed for subscription on July 16 following the three-day bidding process. Spunweb Nonwoven IPO allotment date is fixed as July 17.

The Rs.60.98 crore IPO was entirely a fresh share sale of 63.52 lakh shares. Spunweb Nonwoven IPO price band was fixed at Rs.90 and Rs.96 apiece. Investors could apply for the IPO in lot sizes of 1,200 shares.

Spunweb Nonwoven IPO proposes to use the funds raised for funding working capital needs, investment in a subsidiary, repayment of certain borrowings availed by...