Shree Ram Twistex IPO Day Subscription Status:
- As of 3:20 PM on the first day of subscription, Shree Ram Twistex IPO has received a total subscription of just 9%.
- Retail Individual Investors (RIIs) have shown keen interest and have subscribed to 82% of the 10.60 lakh shares allotted to them.
- Non-institutional investors (NIIs) have subscribed to only 8% of their equity allocation of Rs 15.90 lakh, indicating limited participation.
- Qualified Institutional Buyers (QIBs) have not made any bids for the Rs 79.50 lakh shares reserved for them so far.
- This shows that while retail investors are relatively active, institutional participation remains weak on day 1, contributing to the low overall enrollment.
Shree Ram Twistex IPO GMP today
As of February 23, shares of Shree Ram Twistex are trading in the gray market at a premium of 6.25% (approximately Rs 6.50 per share) over the high price band of Rs 104. Based on this, the estimated listing price of the IPO is expected to be approximately Rs 110.50, indicating modest gains for investors on the trading day.
Shree Ram Twistex IPO Details
Shree Ram Twistex’s IPO is a 100% fresh issue, with 1.06 crore shares worth Rs 110.24 crore. At the higher price band, the IPO values the company at a pre-issue market capitalization of Rs 416 crore. The subscription window closes on February 25, with allotment expected on February 26 and tentative listing on the BSE and NSE on March 2.
Investors can apply for a minimum of 144 shares, which requires an investment of Rs 14,976 in the higher price bracket. The issue is structured with 75% of the shares reserved for Qualified Institutional Buyers (QIBs), up to 15% for Non-Institutional Investors (NIIs) and up to 10% for retail investors.
About the company
Shree Ram Twistex manufactures cotton yarns, including compact ring-spun and carded yarns, both combed and carded varieties. The products are used in knitting and weaving applications such as denim, terry towels, shirts, sheets, sweaters, socks, underwear and home textiles.
The company also produces value-added yarns such as Eli Twist, compact slub yarns and lycra blended yarns. It operates on a B2B model and serves textile manufacturers, garment exporters, bulk buyers and fabric processors across multiple states including Gujarat, Rajasthan, Maharashtra, Tamil Nadu and West Bengal, along with exports. The manufacturing facility is located in Gondal, Rajkot, Gujarat, with 17 compact ring spinning machines and a total spindle count of 27,744. It also operates five warehouses with a combined storage capacity of 9,855 tons.
Financial performance
For FY25, Shree Ram Twistex reported a total income of Rs 256 crore, compared to Rs 232 crore in FY24. Profit after tax (PAT) rose to Rs 8 crore from Rs 6.55 crore in the previous year, while EBITDA rose to Rs 22 crore from Rs 20 crore.
As of September 2025, the company’s total revenues stood at Rs 132 crore with a PAT of Rs 7 crore. EBITDA margin improved significantly from 8.57% in FY24 to 12.9% in FY25, and PAT margin increased from 2.83% to 3.14%, reflecting better operational efficiency and profitability.
Use of proceeds
The company plans to use the proceeds from the IPO to set up a 6.1 MW solar power plant and a 4.2 MW wind power plant for captive use, repay certain loans of about Rs 14.89 crore and fund working capital requirements of Rs 44 crore. The shift to sustainable energy for self-use is expected to reduce energy costs, which are an important part of spinning activities.
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