Shree Ram Twistex IPO GMP Rises As Issue Enters Day 3: Check Subscription Status, Allotment Date

Shree Ram Twistex IPO GMP: The initial public offering (IPO) of Shree Ram Twistex, a cotton yarn manufacturer, entered its third and final day of subscription on February 25, 2026. The issue, which opened on February 23, 2026, saw strong interest from investors across categories, which also pushed up activity and sentiment in the grey market.

Shree Ram Twistex’s cotton yarns are used in knitting and weaving products such as denim, terry towels, shirting, sheeting, sweaters, socks, bottom wear, home textiles and industrial fabrics.

The company operates on a business-to-business (B2B) model and supplies retailers across Gujarat, Rajasthan, West Bengal, Maharashtra, Tamil Nadu, Madhya Pradesh and Punjab, as well as Dadra and Nagar Haveli. It also exports its products. Its manufacturing unit is located in Gondal, Rajkot, Gujarat.

Shree Ram Twistex IPO Details: Issue Size, Price Band, Allotment Date

The Rs 110.24 crore Shree Ram Twistex IPO is a book-built issue and comprises entirely a fresh issue of 10.60 million equity shares.

The price band for the issue has been fixed at Rs 95-104 per share. Investors can bid for a minimum of 144 shares, and in multiples thereof. At the upper end of the price band, retail investors will need to invest at least Rs 14,976 for one lot.

Interactive Financial Services is the book running lead manager to the issue, while Bigshare Services has been appointed as the registrar.

The basis of allotment is likely to be finalised on February 26, 2026. The company is scheduled to list on both the stock exchanges, BSE and NSE, with a tentative listing date of March 2, 2026.

Shree Ram Twistex IPO Objectives

Shree Ram Twistex will use the net proceeds primarily to fund its expansion and strengthen its balance sheet. According to its red herring prospectus (RHP), the company plans to set up a 6.1 MW solar power plant and a 4.2 MW wind power plant for captive use, allocating Rs 39 crore for the wind project.

It will use Rs 14.89 crore to clear its debt and deploy Rs 44 crore towards working capital requirements. The remaining amount will be used for general corporate purposes. The total estimated utilisation under these heads is Rs 97.89 crore.

Shree Ram Twistex IPO Subscription Status: Day 3

Shree Ram Twistex has offered 10.60 shares in its IPO. Of the total issue, 75 per cent is reserved for QIBs, 15 per cent for NIIs, and 10 per cent for retail investors.

As of 3:00 PM on Day 3, Shree Ram Twistex IPO has been subscribed overall 35.09 times.

The QIB portion was booked 2.69 times, the NII category saw the highest subscription, with bids placed 175.40 times their reserved quota, while the retail investors' section drew 67.57 times subscription.