Shree Ram Twistex IPO Update: GMP Surges 13% on Day 3, Subscription Exceeds Expectations

Shree Ram Twistex IPO Update - Day 3

IPO Details The initial public offering (IPO) of Shree Ram Twistex entered its third and final day of bidding on February 25, 2026, with a goal of raising ₹110.24 crore. As of the second day, the offer was subscribed 75%.

Offer Structure The Shree Ram Twistex IPO comprises a fresh issue of 1.06 crore equity shares. The company plans to utilize these funds for:

• Establishment of a 6.1 MW and 4.2 MW solar plants
• Repayment of certain borrowings
• Meeting working capital requirements
• General corporate purposes

Read also: SMR Jewels IPO Successfully Lists with Institutional Support

IPO Pricing The price band for the Shree Ram Twistex IPO has been fixed at ₹95 to ₹104 per share, with a minimum lot size of 144 shares.

Listing Details The allotment is expected to be finalized on February 26, 2026, with the company's shares proposed to be listed on the BSE and National Stock Exchange of India. The tentative listing date is set for March 2, 2026.

GMP Update The GMP for Shree Ram Twistex has jumped to ₹13.5 per share, indicating a premium of 12.98% against the offer price of ₹104. This represents the highest GMP for the offer so far.