Shree Ram Twistex, a company based in Rajkot, is launching its IPO next week. The IPO 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 must apply for a minimum lot of 144 shares.
This is a mainboard IPO, so strong interest is expected from retail as well as other categories of investors.
Fresh Issue and Use of Funds
This IPO is a completely fresh issue of 10.6 million new equity shares. There is no offer for sale (OFS), which means promoters are not selling any stake and the entire money raised will go to the company.
The company plans to use the IPO proceeds to:
repay debt
meet working capital needs
support general corporate purposes
Share allotment is expected on February 26, and the stock is likely to list on the exchange on March 2.
The book running lead manager of the issue is Interactive Financial Services Limited, and Bigshare Services Private Limited is the registrar.
GMP and Listing Expectations
Currently, there is very little activity in the gray market for this IPO. The gray market premium (GMP) is around ₹0 at present.
This suggests that the expected listing price is close to the upper price band of ₹105. However, GMP can change anytime and should not be considered a final indicator for investment decisions.
Company Business and Financial Performance
Shree Ram Twistex manufactures cotton yarn. Its product range includes:
compact ring spun and carded yarn
combed and carded yarn
value-added yarns such as Ellie Twist, compact slub yarn, and Lycra blended yarn
These products are used in many industries such as:
denim, terry towels, shirting, sheeting, sweaters, socks, bottomwear, home textiles, and industrial fabrics.
In terms of financial performance, the company’s profit grew 22% to ₹8 crore in FY25, compared to ₹6.55 crore in the previous year. Revenue increased 10.1% to ₹255 crore during the same period.
For the six months ending September 2025, the company reported ₹7 crore profit on ₹132.1 crore revenue, showing steady business growth.
