Shri Techtex SME IPO

Shri Techtex Limited Limited

₹1,08,000 /2000 sharesMinimum Investment

Shri Techtex SME IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
NSE₹61.00₹81.00₹20.00 (32.79%)

Shri Techtex SME IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
26 Jul ‘23 - 28 Jul ‘23₹1,08,0002,000₹54 - ₹61
Issue SizeIPO Doc
45.14Cr
RHP PDF

Application Details

For Shri Techtex SME IPO, eligible investors can apply as Regular.
Apply as Regular
  • Price is: Rs. 51-61
  • You can apply up to ₹2,00,000
Apply as High Networth Individual
  • Price is: Rs.54-61
  • You can apply between ₹2,00,000 - ₹5,00,000

About Shri Techtex SME

Incorporated in 2011, Shri Techtex specialises in the business of Polypropylene (PP) Non-Woven Fabric manufacturing. The company manufactures PP non-woven fabric in a variety of sizes of up to 4.5 meters and densities (15 GSM to 800 GSM). The non-woven fabric is used in industries where single-use or disposable products are important. These include organic farming, hospitals, health care, nursing homes, home furnishing, vehicle upholstery seat fabrication, mattress & furniture covering, ecological packaging, and industrial and consumer goods. The company’s manufacturing facility is situated at Simaj in Dholka Taluka in Ahmedabad, Gujarat, spreading across 41548 sq. m, with a manufacturing capacity of 3600 MT PP non-woven fabric per annum. ;
Parent Organisation
Shri Techtex Limited Limited
Founded
2011
Managing Director
Mrs Shradha Hanskumar Agarwal

Strengths & Risks

  • Shri Techtex’s manufacturing facility is situated in the village of Simaj, within the Dholka Taluka of Ahmedabad District, Gujarat. Its strategic location provides significant benefits regarding cost-effectiveness and reliability for suppliers and customers.
  • To ensure quality, the company has implemented a rigorous internal procedure for inspecting products at every production stage, from receiving raw materials till the final product dispatch.
  • The company's product range finds wide applications in various industries such as geotextile, horticulture, furniture, construction, and healthcare.
  • The company has derived revenue exports in the last three years from countries including the USA, Taiwan, Canada, Denmark and China.
  • The company, its promoters, directors, and group companies are involved in ongoing litigations, including tax-related matters.
  • The company's financial performance relies heavily on key customers and group companies. Losing any of these major customers could lead to declining revenues and profitability.
  • The company's dependency on limited suppliers for product purchases poses a risk. Disruptions or the loss of any of these significant suppliers may adversely affect the company's business operations.
  • The company's manufacturing operations are critical to its business, and any unplanned slowdowns, unscheduled shutdowns, or underutilisation of manufacturing capacities could harm its business, financial condition, and cash flows.
  • Obtaining and renewing the necessary registrations, licenses, and permits from government and regulatory authorities is essential for the company's operations. Failure to do so promptly could have adverse effects on its business.
  • The company has incurred substantial indebtedness, with outstanding debt amounting to Rs. 29.34 crores as of November 30, 2022.

Financials

*All values are in Rs. Cr
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