Rajkot-based Shree Ram Twistex is set to launch its IPO next week. The issue will open for subscription on February 23 and close on February 25.
The company has fixed the price band at ₹95 to ₹105 per share. The face value of each share is ₹10, and investors can apply for a minimum lot of 144 shares.
This is a mainboard IPO, so strong participation from retail and other investor categories is expected.
IPO Details and Use of Funds
The IPO is entirely a fresh issue of 10.6 million new equity shares. There is no Offer for Sale (OFS), which means the promoters are not selling any of their stake. The entire amount raised will go directly to the company.
According to the company, the funds will be used to:
Repay existing debt
Meet working capital requirements
Support general corporate purposes
The share allotment is likely to take place on February 26, and the listing on the stock exchange is scheduled for March 2.
The book running lead manager for this issue is Interactive Financial Services Limited, while Bigshare Services Private Limited has been appointed as the registrar.
Gray Market Premium (GMP) Update
Currently, there is very little activity in the gray market for this IPO. The gray market premium (GMP) stands at ₹0.
This suggests that the expected listing price is around the upper end of the issue price, ₹105 per share.
However, it is important to note that GMP can change at any time and should not be treated as a final indicator for investment decisions.
Company Business and Financial Performance
Shree Ram Twistex is engaged in the manufacturing of cotton yarn. The company produces compact ring spun yarn and carded yarn, along with combed and carded varieties.
It also manufactures value-added products such as Ellie Twist, compact slub yarn, and Lycra blended yarn.
Its yarn is used in multiple sectors, including:
Denim
Terry towels
Shirting and sheeting
Sweaters and socks
Bottomwear
Home textiles
Industrial fabrics
In terms of financial performance, the company reported a 22% rise in profit to ₹8 crore in FY25, compared to ₹6.55 crore in the previous year. Revenue increased by 10.1% to ₹255 crore during the same period.
For the six months ended September 2025, the company posted a profit of ₹7 crore on revenue of ₹132.1 crore, showing steady growth in its business operations.