Summary of this article
Shree Ram Twistex IPO enters day 2 of subscription on February 24
Investors have applied 11 per cent of total 10.6 million shares offered
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 the fresh issue of equity shares through a book-building method.
Retail individual investors booked 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 the 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 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 a fresh issue of equity shares, and is planning to raise up to Rs. 110.24 crore through the 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’s 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 an 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 are expected to be listed on the exchanges on March 2, 2026.
Shree Ram Twistex IPO: Key Financials
Shree Ram Twistex earned a net profit of Rs 700.02 lakh during April to September 2025, according to the red herring prospectus (RHP) filed with the Securities and Exchange Board of India (Sebi). In the first six months of the financial year 2025-26, the company posted Rs. 13,208.48 lakh as revenue from operations.
In FY25, Shree Ram Twistex reported Rs. 25,504.47 lakh earned as operating revenue, up from Rs. 23,159.12 lakh in FY24. In FY25, profit after tax of the company was at Rs. 937.57 lakh, marginally down from Rs. 962.54 lakh in FY24.
Shree Ram Twistex IPO: Objective
Shree Ram Twistex plans to use Rs. 7.80 crore of the net proceeds from the fresh issue in setting up a 6.10 MW solar power plant. Additionally, Rs 39 crore will be used to set up a 4.20 MW wind power plant for captive use. The company also plans to use Rs. 14.89 crore in reducing debt, and Rs 44 crore for working capital requirements, according to the RHP.
