Spunweb Nonwoven IPO: GMP robust at 26% on Day 2 of bidding. Check subscription status, other details

Spunweb Nonwoven’s IPO was off to a strong start, garnering 7.61x subscription on Day 1, led by robust retail and NII demand. Shares are commanding a grey market premium of Rs 25–30, indicating a potential 26% listing gain. The Rs 61 crore issue, entirely fresh, aims to fund working capital, invest in a subsidiary, and reduce debt.

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