Bookbuilding IPO | ₹[.] Cr | Listing at BSE SME |
Decent Spinners Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on June 16, 2026 to raise funds through Initial Public Offer (IPO).
Decent Spinners Ltd. IPO is a Book Build Issue of 0.92 crore equity shares consisting of a fresh issue of upto 0.84 crore equity shares and an offer for sale (OFS) of upto 0.09 crore equity shares.
The equity shares are proposed to be listed on the BSE SME. Cumulative Capital Pvt.Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Decent Spinners IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 92,25,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 83,50,000 shares (agg. up to ₹[.] Cr) |
| Offer for Sale | 8,75,000 shares of ₹10 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 1,47,10,300 shares |
| Share Holding Post Issue | 2,30,60,300 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Jun 16, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Incorporated in May 1990, Decent Spinners Limited is a blanket manufacturing company engaged in the production and supply of Mink Blankets, Cloudy Blankets, and Semi-Cloudy Blankets under the "Decent Blankets" brand. The company primarily operates in the B2B segment, serving distributors, traders, wholesalers, and institutional buyers across domestic and international markets.
The company operates an integrated manufacturing facility in Karnal, Haryana, equipped with over 500 machines, covering knitting, printing, dyeing, washing, finishing, and packaging processes. Apart from blankets, the company also manufactures shoddy yarn and trades polyester yarn, diversifying its revenue streams.
Decent Spinners commenced blanket manufacturing in 2021 and has expanded into premium blanket categories while also entering export markets such as Nepal, Oman, and Yemen.
As of March 31, 2026, the company employed 59 full-time employees.
Key Strengths:
Decent Spinners Ltd.'s revenue increased by 69% and profit after tax (PAT) rose by 340% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 56.99 | 29.28 | 26.50 |
| Total Income | 86.19 | 51.04 | 36.38 |
| Profit After Tax | 10.44 | 2.37 | 0.72 |
| EBITDA | 18.41 | 6.20 | 3.57 |
| NET Worth | 16.57 | 6.13 | 3.75 |
| Reserves and Surplus | 15.23 | 4.79 | 2.42 |
| Total Borrowing | 32.55 | 21.45 | 21.19 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Shreedhar Spinners Ltd. | SME | ₹30.68 Cr | ₹53 | 13.44 | ₹57.10 | +7.74% | ₹77.70 (+1.70%) |
| Harikanta Overseas Ltd. | SME | ₹24.30 Cr | ₹91 | 14.66 | ₹75.77 | -16.74% | ₹79.00 (-3.53%) |
| Yajur Fibres Ltd. | SME | ₹120.41 Cr | ₹174 | 23.49 | ₹132.25 | -23.99% | ₹38.40 (+1.05%) |
| K K Silk Mills Ltd. | SME | ₹28.50 Cr | ₹38 | 12.12 | ₹30.40 | -20.00% | ₹10.67 (-4.22%) |
| Game Changers Texfab Ltd. | SME | ₹54.84 Cr | ₹102 | 10.58 | ₹109.35 | +7.21% | ₹91.99 (-4.18%) |
| Sihora Industries Ltd. | SME | ₹10.56 Cr | ₹66 | 13.14 | ₹66.50 | +0.76% | ₹58.58 (-0.71%) |
| Siddhi Cotspin Ltd. | SME | ₹69.85 Cr | ₹108 | 16.06 | ₹82.10 | -23.98% | ₹29.20 (+1.39%) |
| Rachit Prints Ltd. | SME | ₹19.50 Cr | ₹149 | 11.85 | ₹113.25 | -23.99% | ₹216.00 (+4.37%) |
| Kusumgar Ltd. | Mainboard | ₹650.00 Cr | ₹419 | 44.8 | ₹602.80 | +43.87% | ₹575.70 (-2.16%) |
| Aastha Spintex Ltd. | Mainboard | ₹170.00 Cr | ₹136 | 18.78 | ₹136.49 | +0.36% | ₹116.14 (-4.99%) |
| Shree Ram Twistex Ltd. | Mainboard | ₹110.24 Cr | ₹104 | 38.21 | ₹71.40 | -31.35% | ₹41.82 (+1.38%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure towards the procurement of machinery for the upgradation of the existing manufacturing facility | 12.99 |
| 2 | Repayment or pre-payment, in part or full of all or certain borrowings availed by the Company | 25.89 |
| 3 | General corporate purposes | |
| Total | 38.87 |
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 92.02% |
| ROCE | 34.22% |
| Debt/Equity | 1.96 |
| RoNW | 92.02% |
| PAT Margin | 12.12% |
| EBITDA Margin | 21.38% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.10 | 4.53 |
Lead Manager Reports
Decent Spinners IPO is a SME IPO of 92,25,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Decent Spinners IPO open and close dates are not available as of now.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Decent Spinners IPO using UPI as a payment gateway. Zerodha customers can apply in Decent Spinners IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Decent Spinners IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Decent Spinners IPO dates are not announced. Please check back again after some time.
Decent Spinners IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Decent Spinners IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Decent Spinners IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Decent Spinners IPO allotment status.
The Decent Spinners IPO listing date is not yet announced. The tentative date of listing is .
