Shree Ram Twistex IPO: Price Band, Key Dates and Issue Details
- 23rd February 2026
- 09:00 AM
- 3 min read
Summary
Shree Ram Twistex IPO will open on February 23 to raise ₹110.24 crore at a price band of ₹95–104 per share. The issue comprises a fresh offer and the proceeds will fund renewable power projects, debt repayment and working capital.Mumbai | February 20
Cotton yarn manufacturer Shree Ram Twistex is set to launch its initial public offering (IPO) on February 23, 2026. The ₹110.24 crore public issue consists entirely of a fresh issue of 1.06 crore equity shares, with no offer-for-sale component.
At the upper price band of ₹104 per share, the company commands a valuation of approximately ₹415.7 crore.
Shree Ram Twistex IPO GMP Today
According to grey market sources, Shree Ram Twistex IPO GMP stood at ₹5 on February 20. Based on the upper price band of ₹104 per share, the estimated listing price will be ₹109, indicating a premium of nearly 5%.
Note : Grey Market Premium trends are based on informal market activity and are not an official indicator of demand or listing performance.
Shree Ram Twistex IPO Price Band and Issue Size
The IPO price band has been fixed at ₹95 to ₹104 per share. The company aims to raise ₹110.24 crore at the upper end of the band. The offer consists entirely of a fresh issue of shares, and the company will receive the full proceeds from the public issue.
Interactive Financial Services Limited is the book-running lead manager to the issue, while Bigshare Services Private Limited is the registrar.
Shree Ram Twistex IPO Key Dates, Lot Size and Reservation
The IPO will open for subscription on February 23 and close on February 25, 2026. Allotment is expected on February 26. Shares are likely to be credited on February 27, with listing scheduled on BSE and NSE on March 2, 2026.
Investors can bid for a minimum of 144 shares and in multiples thereafter. At ₹104 per share, the minimum retail investment works out to ₹14,976. Retail investors can apply for up to 13 lots, amounting to ₹1,94,688.
The allocation structure reserves 75% of the net issue for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs) and 10% for retail investors.
Click here to apply for this IPO!
Shree Ram Twistex IPO Objectives
The company intends to utilise the net proceeds from the issue primarily to strengthen its energy infrastructure and balance sheet.
Out of the net proceeds of ₹97.89 crore, the company plans to allocate:
- ₹39 crore for setting up a 4.2 MW wind power plant for captive use
- ₹14.89 crore towards repayment or prepayment of certain borrowings
- ₹44 crore to fund working capital requirements
- The remaining amount will be used for setting up a 6.1 MW solar power plant and for general corporate purposes
Shree Ram Twistex Business Overview
Shree Ram Twistex is engaged in the manufacturing of cotton yarns, including compact ring spun and carded yarns, in both combed and carded varieties. The company operates exclusively in the business-to-business (B2B) segment.
Its yarn products are used in knitting and weaving applications across various end-use segments such as denim, terry towels, shirting, sheeting, sweaters, socks, bottom wear, home textiles and industrial fabrics.
The company’s manufacturing facility is located in Gondal, Rajkot, Gujarat. It operates 17 compact ring-spinning machines with a total spindle capacity of 27,744 spindles, enabling it to cater to diversified textile demand.
Shree Ram Twistex Financial Performance
Revenue from operations rose from ₹213.10 crore in FY23 to ₹231.59 crore in FY24 and ₹255.04 crore in FY25.
Net profit increased from ₹2.05 crore in FY23 to ₹6.55 crore in FY24 and ₹8 crore in FY25.
Investors will monitor whether renewable energy investments and debt reduction improve margins in the coming years.
Track latest IPO updates on PL Capital.
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