Shree Ram Twistex IPO
Market Sentiment
Market Lot Size
IPO Details
IPO Reservation
Financial Analysis
| Metric | 2023 | 2024 | 2025 | Sep 2025 |
|---|---|---|---|---|
| Revenue | 213.58 | 231.72 | 256.32 | 132.27 |
| Expense | 208.67 | 222.10 | 246.94 | 122.38 |
| Profit (PAT) | 2.85 | 3.07 | 1.38 | 2.89 |
| Total Assets | 135.71 | 154.30 | 194.20 | 217.44 |
| Company | P/E | EPS | Market Cap (Cr) |
|---|---|---|---|
| Ambika Cotton Mills Limited | 11.37 | 114.83 | 7 |
| Damodar Industries Limited | 14.09 | 2.32 | - |
| Rajapalayam Mills Limited | -15.23 | -54.45 | -12 |
Promoters: Bhaveshbhai Bhikhumbhai Ramani, Jay Atulbhai Tilala, and Nidhi Bhaveshbhai Kothari
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 2,93,75,000 | 47.07% |
Company Information
Shree Ram Twistex is one of the growing textile manufacturing companies that manufactures 100% cotton yarns in thickness from Ne 8 to Ne 40. Its product offerings include Compact Ring Spun and Carded Yarns, Eli Twist (Combed and Carded), Compact Slub Yarns, and Lycra-Blended Yarns. Its yarn products are widely utilized in the knitting and weaving of denim, terry towels, shirting, sheeting, sweaters, socks, bottom wear, home textiles, and industrial fabrics. The firm runs its business in a B2B model, by supplying its products to textile manufacturers, garment exporters, bulk purchasers, and fabric processors. Its manufacturing facility is situated at Gondal, Gujarat, which has 17 compact ring-spinning machines with 27,744 spinning units to make cotton yarn. The firm sells its products to both domestic and international markets.
| Purpose | Amount (Cr) |
|---|---|
| Funding for setting up of 6.1 MW Solar Power Plant for captive use | 7.85 |
| Funding for setting up of 4.2 MW Wind Power Plant for captive use | 39.00 |
| Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company | 14.89 |
| Funding the working capital requirements of our Company | 44.00 |
| General corporate purposes | - |
Resources & Documents
Shree Ram Twistex Ltd., 566P1, Umwada Road, Near Bajrang Cotspin, Gondal,, Rajkot, Gujarat, 360311
Shree Ram Twistex has set a price band of Rs 95–Rs 104 per share for an issue size of Rs 110 crore. The stock listed with a 34.62% discount versus its issue price on March 02, 2026.
Shree Ram Twistex is one of the growing textile manufacturing companies that manufactures 100% cotton yarns in thickness from Ne 8 to Ne 40. Its product offerings include Compact Ring Spun and Carded Yarns, Eli Twist (Combed and Carded), Compact Slub Yarns, and Lycra-Blended Yarns.
The issue is promoted by Bhaveshbhai Bhikhumbhai Ramani, Jay Atulbhai Tilala, and Nidhi Bhaveshbhai Kothari with Interactive Financial Services Ltd. acting as lead manager. Net proceeds will primarily be used towards Funding for setting up of 6.1 MW Solar Power Plant for captive use (Rs 8 crore) and Funding for setting up of 4.2 MW Wind Power Plant for captive use (Rs 39 crore).
Grey market is quoting a discount of Rs -11 (-10.6% over issue price), down Rs 11 from the previous session. Final subscription data records overall subscription at 43.66x, retail at 76.63x, QIB at 3.94x, NII at 220.30x.
On fundamentals, the company is posting revenue growth of 10.6%, a profit margin of 0.5%, return on equity of 11.4% in its most recent reported period. Listed peers in this segment include Ambika Cotton Mills Limited (P/E 11.37x, market cap Rs 7 crore) and Damodar Industries Limited (P/E 14.09x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
Our data-driven engine currently flags this issue as an Avoid view — key indicators are weak enough that the risk-reward looks unfavourable for now. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
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