Shree Ram Twistex IPO

Listed Mainboard
Min Investment
₹14,976
144 Shares
Min Investment
₹14,976 · 144 Shares
Price Band ₹95–104
Lot Size 144 shares
Issue Size ₹110 Cr
Listed At ₹68.00 -34.6%
Subscribed 43.66×
Listed On BSE & NSE
Listing Price
₹68.00 (-34.62%)
vs issue price
Current Price (BSE)
₹36.33 (-65.07%)
at close, 15 Oct

Market Sentiment

Grey Market Premium What is GMP?
₹-11
-10.6% ▼ ₹27 since last update
Est. listing ₹93
Upper price ₹104
GMP range ₹-11 – ₹16
15 Feb · ₹0 26 Feb · ₹-11
Updated 26 Feb, 12:00 am IST Unofficial grey-market data
GMP estimate ₹93
Actual listing ₹68
Listed below the GMP estimate by ₹25 (-26.9%)
Subscription Status
QIB
3.94x
NII
220.30x
bNII (>10L)
240.94x
sNII (2-10L)
179.00x
Retail
76.63x
Total
43.66x
Updated: Mar 02, 2026 10:00 pm IST
Analysis Score 27 / 100
Weak Signals
Data: 80%
GMP Score 5
Subscription Score 43
Financial Health 46
Score updates live as GMP/subscription change. For information only — not investment advice.

IPO Details

Price Band₹95–104 per equity share
Face Value₹10 Per Equity Share
Lot Size 144 shares (Min ₹14,976)
Total Issue Size ₹110.24 crore
Fresh IssueEntire issue — no offer for sale, so all proceeds go to the company
Issue TypeBook Building IPO
Lead Manager Interactive Financial Services Ltd.
Registrar Bigshare Services Pvt. Ltd
Listing atBSE & NSE
BSE Code544716
NSE SymbolSRTL
ISININE19GK01015
Listing Price₹68.00
Listing Gain-34.62%

Market Lot Size

Category Lots Shares Amount (₹)
Retail Minimum 1 144 ₹14,976
Retail Maximum 13 1,872 ₹1,94,688
S-HNI Minimum 14 2,016 ₹2,09,664
S-HNI Maximum 66 9,504 ₹9,88,416
B-HNI Minimum 67 9,648 ₹10,03,392

IPO Reservation

QIB 75% NII 15% Retail 10%
Category Shares Offered Shares %
QIB79,50,00075.00%
NII (HNI)15,90,00015.00%
bNII > ₹10L10,60,00010.00%
sNII < ₹10L5,30,0005.00%
Retail10,60,00010.00%
Total1,06,00,000

Financial Analysis

Financial Data

ROE
11.36%
ROCE
13.37%
Debt/Equity
0.84
NAV/Share
₹25.20
Revenue Growth
10.62%
Profit Margin
0.54%

Financial Performance

2025 vs 2024 Revenue +10.6% Profit (PAT) −55.0% Total Assets +25.9%
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
Values in Crores (₹)

Peer Comparison

Company EPS P/E Market Cap (Cr)
Ambika Cotton Mills Limited 114.83 11.37 7
Damodar Industries Limited 2.32 14.09 -
Rajapalayam Mills Limited -54.45 -15.23 -12
Peer median P/E 12.7x across 2 listed peers

Promoters & Holding Pattern

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%

Strengths & Risks

Strengths
  • Heavily oversubscribed — 43.7x overall (so far).
  • Strong institutional (QIB) demand — 3.9x.
Risks & Concerns
  • Thin profit margin — 0.5%.

Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.

Company Information

About Shree Ram Twistex

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.

Company Contact Information

Shree Ram Twistex Ltd., 566P1, Umwada Road, Near Bajrang Cotspin, Gondal,, Rajkot, Gujarat, 360311

Objects of the Issue

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 IPO - Quick Take

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.

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).

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 is trading.

On our data-signal score, the combined signals for this issue currently read weak — several key indicators are reading below average. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.

Frequently Asked Questions

The price band of Shree Ram Twistex IPO is Rs 95 to Rs 104 per share. Face value is Rs 10 per share.

The total issue size of Shree Ram Twistex IPO is Rs 110 crore, comprising fresh issue of Rs 110 crore.

The lot size of Shree Ram Twistex IPO is 144 shares. The minimum application is 1 lot (144 shares), requiring an investment of Rs 14,976. Maximum retail application is 13 lots (1,872 shares, approx Rs 1,94,688).

Shree Ram Twistex IPO opens for subscription on February 23, 2026 and closes on February 25, 2026.

The expected allotment date for Shree Ram Twistex IPO is February 26, 2026. Refunds for unsuccessful applicants are expected on February 27, 2026.

Shree Ram Twistex IPO is scheduled to list on March 02, 2026 on both BSE and NSE. BSE script code: 544716, NSE symbol: SRTL, ISIN: INE19GK01015.

The last GMP (Grey Market Premium) recorded for Shree Ram Twistex IPO before listing was Rs -11 (-10.6% over issue price). The shares actually listed at Rs 68 (-34.62% versus the issue price). GMP only estimates the listing price and stops mattering once the shares trade.

Shree Ram Twistex IPO was subscribed 43.66 times overall by the close of bidding — retail at 76.63x, QIB at 3.94x, NII at 220.30x.

Based on the final retail subscription of 76.63x for Shree Ram Twistex IPO, the estimated retail allotment probability is approximately 1.5%. This is a low probability — approximately 1 out of every 100 retail applications may receive allotment.

The registrar for Shree Ram Twistex IPO is Bigshare Services Pvt. Ltd. After the allotment date, you can check your allotment status on the registrar's official website by entering your PAN, application number, or demat account details. Allotment status is also available on the BSE and NSE websites.

The book running lead manager(s) for Shree Ram Twistex IPO are Interactive Financial Services Ltd.

The promoter(s) of Shree Ram Twistex are Bhaveshbhai Bhikhumbhai Ramani, Jay Atulbhai Tilala, and Nidhi Bhaveshbhai Kothari.

Shree Ram Twistex IPO GMP — What It Means

GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was -10.6%. Of the 15 Mainboard IPOs we have tracked with a final GMP below zero, 2 listed above, 0 flat and 13 below the issue price; Shree Ram Twistex listed 34.6% below its issue price.

See the full Shree Ram Twistex GMP history and trend, or learn how grey market premium works and how reliable it is.

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