Shree Ram Twistex Shares Make Weak Debut on Stock Market, List at 34.62% Discount
Shree Ram Twistex Ltd, which launched its Initial Public Offering (IPO) on February 23, 2026 made its debut on Dalal Street today on March 02, 2026. The shares of Shree Ram Twistex made a weak debut, listing at discount at both NSE and BSE.
The shares opened at ₹70 on the BSE, marking a discount of 32.69% over the IPO upper price band of ₹104. On NSE, the shares of Shree Ram Twistex opened at ₹68, marking a discount of 34.62%.
Shree Ram Twistex IPO - Issue Details
Shree Ram Twistex IPO was a bookbuild issue of ₹110.24 crores and was completely a fresh issue of of 1.06 crore shares. The IPO Price Band was set between ₹95 to ₹104 per share, with a minimum lot size of 14 per share. The minimum investment amount for retail individual investors (RIIs) was ₹14000.
- Book-running Lead Managers: Axis Capital Limited, J.P. Morgan India Private Limited, BNP Paribas, HSBC Securities and Capital Markets (India) Private Limited, IIFL Capital Services Limited (Formerly known as IIFL Securities Limited), Nomura Financial Advisory and Securities (India) Private Limited, BOB Capital Markets Limited and SBI Capital Markets Limited
- Registrar: MUFG Intime India Private Limited (Formerly Link Intime India Private Limited)
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Shree Ram Twistex IPO Overall Subscription Status
[February 25, 2026, end of the day]
On Day 3, Shree Ram Twistex IPO saw an overall subscription of 43.66 times. The public issue was subscribed to 76.63 times in the Retail Individual Investors (RIIs) category, 3.94 times in the Qualified Institutional Buyers (QIBs) category, and 220.30 times in the Non-Institutional Investors (NII) category.
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Shree Ram Twistex Ltd - Business Overview
Shree Ram Twistex Ltd is a Gujarat-based cotton yarn manufacturing company incorporated in December 2013 that specialises in producing high-quality cotton yarns for knitting and weaving applications. It operates a business-to-business (B2B) model, supplying compact ring-spun, combed and carded yarns, including value-added varieties such as Eli Twist, compact slub and Lycra-blended yarns to textile manufacturers, garment exporters, fabric processors and bulk buyers across domestic markets and select exports. The company’s manufacturing facility in Gondal (Rajkot), Gujarat is equipped with modern spinning machines and significant spindle capacity to support its production.
Financially, Shree Ram Twistex has posted consistent growth in recent years. For the financial year ended March 31, 2025 (FY25), the company reported revenue of about ₹256 crore and a net profit of around ₹8 crore.
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