Shree Ram Twistex IPO Enters Day 2; Check Subscription Details, GMP

Shree Ram Twistex’s initial public offering (IPO) subscription entered day 2 on February 24. The IPO subscription window opened on February 23 and will close on February 25. At the end of day one, the IPO was booked 11 per cent of the total shares on offer.

Shree Ram Twistex IPO: Subscription

At the end of the first day of the IPO subscription, investors in total applied for 11 per cent of the total 10.6 million shares Shree Ram Twistex is offering. The public issue consists of only fresh issue of equity shares through a book-building method.

Retail individual investors booked for 95 per cent of the shares allotted to them, applying for 1.01 million shares. Non institutional investors (NIIs) applied for 12 per cent of 1.59 million shares reserved for them. Within this, bigger NIIs applied for 11 per cent of the shares, or 116,784 shares by the end of the first day of the IPO. Meanwhile, smaller NIIs booked for 14 per cent of the 530,000 shares reserved for them. Qualified institutional buyers (QIBs) have so far not shown any interest in the issue. A total of 7.95 million shares are allocated for QIBs.

Shree Ram Twistex IPO: Offer Size, Price Band

Shree Ram Twistex IPO consists of only fresh issue of equity shares, and is planning to raise up to Rs. 110.24 crore through issue of 10.6 million shares. For the public issue, Shree Ram Twistex has set the price band at Rs. 95-104 per share.

The lot size for application in the IPO is 144 shares. Minimum investment amount for retail investors in the IPO is Rs. 14,976 at Rs. 104

For the public issue, Interactive Financial Services is the book running lead manager, and Bigshare Services is the registrar.

Shree Ram Twistex IPO: GMP

According to multiple websites, Shree Ram Twistex’ IPO at the time of writing, showed a grey market premium (GMP) of Rs. 9 at the upper end of the price band. The estimated listing price is at Rs. 113 per share. The GMP has shown a rise since before the IPO window opened, indicating firm demand for shares of the company, or 8.65 per cent gain at the time of listing on the NSE and BSE.

After the subscription window closes on February 25, allotment of the shares is expected to be finalised on February 26. Shares of Shree Ram Twistex is expected to be listed on the exchanges on March 2, 2026.