Shree Ram Twistex IPO Update

IPO Details

• Issue Size: ₹110 crore
• Number of Shares: 1.06 crore shares
• Price Range: ₹95 to ₹104 per share
• Listing Dates: BSE and NSE on Monday, March 2

Subscription Status

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• The Shree Ram Twistex IPO was subscribed 43.66 times with bids for 46,28,41,632 shares as against 1,06,00,000 shares on offer.
• Non-Institutional Investors (NIIs): 220.30 times subscribed
• Retail Quota: 76.63 times subscribed
• Qualified Institutional Buyer (QIB) segment: 3.94 times subscribed

Grey Market Premium (GMP)

• GMP: ₹13.5
• Listing Premium: 12.98%

Company Overview

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• Shree Ram Twistex is engaged in the manufacturing of cotton yarns, including compact ring spun and carded yarns.
• Revenue Growth: 2.04% CAGR from ₹217.97 crore (FY2022) to ₹231.59 crore (FY2024)
• Profit After Tax (PAT) Growth: 21.67% CAGR from ₹3.63 crore (FY2022) to ₹6.55 crore (FY2024)

Allotment and Listing

• Allotment Status: Expected to be finalized on Thursday, February 26
• Listing: Monday, March 2 on BSE and NSE