Decent Spinners IPO

About Decent Spinners IPO

The public issue of the Decent Spinners IPO, an SME IPO, opens on TBA and closes on TBA. The allotment of shares will take place on TBA. The credit of shares to the demat account will take place on TBA. The initiation of refunds will take place on TBA. The listing of shares will take place on TBA.

The offer consists of both a fresh issue and an offer for sale component. The fresh issue will include 83,50,000 shares aggregating up to ₹[TBA] crores. The offer for sale portion includes 8,75,000 shares of ₹10 aggregating up to ₹[TBA] crores. The total number of shares is 92,25,000 and the aggregate amount is yet to be finalised.

Decent Spinners IPO’s price band is set at TBA to TBA per share. The lot size for an application is TBA. The minimum amount of investment required by a retail investor is ₹TBA (TBA shares) (based on upper price). The minimum lot size investment for HNI is TBA.

Decent Spinners is engaged in the manufacturing and supply of blankets. Their blanket product portfolio comprises three principal categories, namely (i) mink blankets, (ii) cloudy blankets, and (iii) semi-cloudy blankets. These products are manufactured at their facility located in Haryana and are marketed under their brand name, Decent Blankets. They operate as a B2B enterprise, focusing on wholesale and bulk sales to distributors, traders and other institutional buyers across their target markets.

Objectives of Decent Spinners IPO

• Funding capital expenditure towards the procurement of machinery for the upgradation of the existing manufacturing facility.
  
• Repayment or pre-payment, in part or full of all or certain borrowings availed by the company.
  
• General corporate purposes.
  

Industry Outlook

India’s textile sector is one of the most strategically significant industries in the Indian economy, contributing substantially to GDP, industrial output, exports, and employment. The sector’s resilience is anchored in its integrated value chain from raw fibre to finished garments, supported by a large domestic market, skilled workforce, and policy push from the Government of India. The home furnishing industry forms an integral part of the broader home and lifestyle segment and caters to diverse requirements across residential, hospitality and institutional settings. Interior furnishing elements are used across various areas of a home including bedrooms, living areas and other indoor spaces, where they contribute to comfort, organization and overall interior presentation. The Indian Home Furnishing Market is projected to reach USD 2921 crores in CY 2026, growing further to USD 4367 crores by CY 2030 at a CAGR of 10.58% during the forecast period.

About Decent Spinners

Decent Spinners is engaged in the manufacturing and supply of blankets. Their blanket product portfolio comprises three principal categories, namely

(i) mink blankets
(ii) cloudy blankets
(iii) semi-cloudy blankets.

These products are manufactured at their facility located in Haryana and are marketed under their brand name, Decent Blankets. They operate as a B2B enterprise, focusing on wholesale and bulk sales to distributors, traders and other institutional buyers across their target markets. In addition to their blanket manufacturing operations, they also manufacture shoddy yarn and are engaged in the trading of polyester yarn, which contributes to the diversification of their product offerings and revenue streams. In 2025, they also commenced international exports, thereby expanding their presence beyond domestic markets.

Strengths of Decent Spinners

• Geographical advantage.
  
• Integrated manufacturing operations with a short production cycle.
  
• Experienced management team and qualified personnel with significant industry experience.
  
• Proprietary design portfolio – approx. 50–60 designs with customisation depth.
  

Risks of Decent Spinners

• They derive a substantial portion of their revenue from the sale of blankets.
  
• A significant portion of their revenue from operations is derived from customers located in Haryana.
  
• They do not have long-term agreements or firm purchase commitments with a majority of their customers.
  
• They do not have long-term agreements or assured sources of supply for a significant portion of their raw materials.
  
• Their business is subject to seasonal and cyclical variations.
  

Source: All the financial information for listed industry peers mentioned above is on a Consolidated basis (unless otherwise available only on standalone basis) and is sourced from the annual reports / annual results as available of the respective company for the financial year ended March 31, 2026, submitted to stock exchanges.

Notes: (1) The Earnings Per Share, P/E Ratio, Net Asset Value per Equity share, Return on Net Worth and Revenue from operations of Decent Spinners are sourced from Restated Financial information for the financial year ended March 31, 2026.

(2) Price/earnings ratio for the peer group has been computed based on the closing market price of equity shares on the NSE and BSE as on June 02, 2026, divided by the Diluted earnings per share for the financial year ended March 31, 2026

Anchor Investor Bidding Date: TBA

Registrar Details
Maashitla Securities Pvt.Ltd.
Email: ipo@maashitla.com
Tel.: +91-11-45121795-96

Book Running Lead Manager
Cumulative Capital Pvt.Ltd.

Decent Spinners Contact Details
V.P.O KOHAND, Gharunda, Karnal, Haryana, 132114
Email: cs@decentspinnerslimited.com
Phone: +91 9992226959

Decent Spinners Business Model

The company earns its revenue through the manufacturing and supply of blankets.

Decent Spinners Growth Trajectory

Decent Spinners' Total Income for FY26 was ₹86.19 crores, whereas in FY25 and FY24 it was ₹51.04 crores and ₹36.38 crores, respectively.

The Profit After Tax for FY26 was ₹10.44 crores, whereas in FY25 and FY24 it was ₹2.37 crores and ₹0.72 crores, respectively.

Their EBITDA for FY26 was ₹18.41 crores, whereas in FY25 and FY24 it was ₹6.20 crores and ₹3.57 crores, respectively.

Decent Spinners Market Position

The company currently exports their products to countries such as Nepal, Oman and Yemen.

As of 31 March 2026, the company’s Total Income, Profit After Tax, and EBITDA were ₹86.19 crores, ₹10.44 crores, and ₹18.41 crores, respectively.

How to apply for Decent Spinners IPO?

• Step 1: Log in to your Kotak Neo Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.