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InvestmentsIPOShree Ram Twistex IPO

Shree Ram Twistex IPO

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Open Date

23 Feb 2026

Close Date

25 Feb 2026

Min Investment

₹ 13,680

Lot Size

144

Issue Size

₹ 110.24 Cr

Price Range

₹ 95 - ₹ 104

Subscribed

43.62 x
status

This IPO is now Live.

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IPO Timeline
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IPO Offer Start
23 Feb 2026
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IPO Offer Ends
25 Feb 2026
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Allotment Finalisation
26 Feb 2026
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Refund Initialisation
27 Feb 2026
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Non-Institutional Buyers (sHNI)
27 Feb 2026
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Listing of Shares
2 Mar 2026
IPO Subscription Details as on 15 Nov 2026, 12:18 PM
Qualified Instituational Buyers (QiB)
3.94 x
Retail
76.26 x
Total
43.62 x
Non-Institutional Buyer (bHNI)
240.94 x
Non-Institutional Buyer (sHNI)
178.89 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
The company is engaged in manufacturing Cotton Yarns, including Compact Ring Spun and Carded Yarns, both Combed and Carded. The company's product range includes value-added yarns such as Eli Twist, Compact Slub Yarns, and Lycra-Blended Yarns used in knitting and weaving for various end-use segments. The company operates exclusively in the business-to-business segment, supplying products to institutional buyers such as textile manufacturers, garment exporters, bulk purchasers and fabric processors. The company's manufacturing facility in Gondal, Rajkot, Gujarat houses 17 compact ring-spinning machines with a total spindle count of 27,744, producing 100% cotton yarns in counts ranging from Ne 8 to Ne 40.
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Founded In

2013

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CEO

Jay Atulbhai Tilala

Financials of Shree Ram Twistex IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2023Mar 2024Mar 2025
Operating Revenue213.10231.59255.04
Other Income0.480.131.27
Total Income
213.58231.72256.32
Total Expenses
208.67222.10246.64
Profit Before Tax4.919.639.37
Total Profit
2.056.557.99

All figures are in crores (₹)

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Utilisation of Proceeds

All figures are in crores (₹)

PurposeAmount
The company proposes to establish a ground-mounted solar power plant for captive consumption to reduce reliance on grid electricity, improve long-term cost efficiency, and align with national energy mandates and global sustainability goals.22
The company proposes to install a wind power project for captive consumption to supplement solar power generation, ensuring round-the-clock renewable power availability and contributing towards achieving energy self-sufficiency.39
The company proposes to utilize funds towards full or partial repayment or pre-payment of certain borrowings availed from SIDBI to reduce outstanding indebtedness and debt servicing costs.15
The company proposes to meet working capital requirements to support anticipated growth and ensure uninterrupted business operations, particularly for procurement of raw materials and day-to-day operations.44
The company proposes to deploy the balance proceeds towards general corporate purposes including strategic initiatives, ongoing corporate exigencies, and other purposes as approved by the Board, subject to regulatory compliance.-
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  • Fully integrated spinning infrastructure with modern technologies to support a diversified and value added product portfolio: The company operates a fully integrated spinning manufacturing facility with compact ring spinning technology, advanced machinery from Switzerland, Germany, and Italy, and five dedicated storage facilities with 9,855 MT capacity.
  • Long standing relationships with key customers and are supported by a network of brokers and agents: The company has established relationships with institutional customers like Welspun Living Limited and Jindal Worldwide Limited, serving 36 customers with 6 key customers associated for more than four years, generating 59.47% revenue from repeat customers.
  • Strategically located manufacturing facility with adequate storage facility and scope for future expansion: The company's manufacturing facility spans 29,947 sq. m in Gondal, Rajkot, Gujarat with built-up area covering only 33.95% of total land, providing ample scope for future expansion and strategic connectivity through National Highway 47.
  • Track Record of healthy growth: The company demonstrated revenue growth from ₹6,278.65 lakhs in Fiscal 2017 to ₹23,159.12 lakhs in Fiscal 2024, with profit after tax growing from ₹(225.06) lakhs to ₹655.25 lakhs during the same period.
  • Strong Promoters and Experienced Management Team: The company is led by Promoter-Directors Bhaveshbhai Bhikhubhai Ramani and Jay Atulbhai Tilala, supported by experienced personnel including Kamleshbhai Rambhai Patel with over three decades of textile industry experience.

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