Shree Ram Twistex IPO Day 3: Check Latest GMP, Subscription Status & Key Highlights
The ₹110.24 crore initial public offering (IPO) of Shree Ram Twistex enters its final day of bidding today, 25 February 2026. Till the end of day 2, the IPO received a muted subscription of 0.20 times.
Shree Ram Twistex IPO: Issue Details
- Issue Size: The Shree Ram Twistex IPO is a book-building issue of ₹110.24 crores, comprising an entirely fresh issue of 1.06 crore shares.
- Price Band: The price band is set at ₹95-₹104 per share.
- Lot Size: 144 shares
- Minimum Investment: ₹14,976 per lot for retail investors
- Book-running lead managers: Interactive Financial Services Limited
- Registrar: Bigshare Services Private Limited
- Listing: The shares are proposed to be listed on the NSE and the BSE on March 2, 2026.
Shree Ram Twistex IPO Day 3: Subscription Details
[25-February-2026 10:27:00 hrs]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
0.00 |
|
Non-Institutional Investors |
11.05 |
|
Retail Individual Investors (RIIs) |
7.16 |
|
Total |
2.38 |
Utilisation of IPO Proceeds
The net proceeds from the fresh issue will be used to fund the expenses towards the following objectives:
- Set up of 6.1 MW Solar Power Plant and 4.2 MW Wind Power Plant for captive use
- Working capital requirement
- Repay/prepay outstanding borrowings
- General corporate purposes
Explore other Upcoming IPOs on BSE and NSE.
Shree Ram Twistex IPO GMP
According to media reports, the Grey Market Premium (GMP) of the Shree Ram Twistex IPO is reported at ₹13.5 over the IPO price.
Shree Ram Twistex Business Overview
Shree Ram Twistex is a B2B manufacturer and supplier of cotton yarns. Their product portfolio includes Compact Ring Spun Yarns and conventional Ring Spun Yarns, available in both combed and carded varieties. In addition to standard yarns, we manufacture specialised, value-enhanced products such as Compact Eli Twist (Siro) yarns, Slub yarns for textured applications, and Lycra-blended yarns that provide elasticity and superior fabric performance.
The company’s revenue from operations increased from ₹62.79 crore in FY 2017 to ₹255.04 crore in FY 2025. Over the same period, Profit After Tax (PAT) improved from a loss of ₹2.25 crore in FY 2017 to a profit of ₹8.00 crore in FY 2025.
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