Summary of this article
Shree Ram Twistex IPO opens for subscription on February 23
Shree Ram Twistex plans to raise Rs. 110.24 crore through IPO
Shree Ram Twistex will open the subscription window for its initial public offering (IPO) on February 23, 2026. The Gujarat-based cotton-yarn maker is planning to raise funds through a book building method entirely through fresh issue of shares.
Shree Ram Twistex IPO: Offer Size
The public issue will consist of only a fresh issue of shares. The company is planning to raise up to Rs 110.24 crore through fresh issue of 10.60 million shares.
Shree Ram Twistex IPO: Subscription Window
Shree Ram Twistex’ IPO will open for subscription on February 23 and will close on February 25. For the issue, the price band has been set at Rs 95-104 per share. The lot size for application has been fixed at 144. For retail investors applying for the IPO, the minimum investment amount is Rs 14,976 at the upper end of the price band.
Interactive Financial Services is the book running lead manager and Bigshare Services is the registrar of the issue.
Shree Ram Twistex IPO: GMP
Shree Ram Twistex’ IPO shares were last showing a grey market premium (GMP) of Rs 5 at the upper end of the price band, according to multiple websites. Accordingly, the estimated listing price is Rs 109 per share before the subscription window opens. This indicates positive investor appetite for the stock at listing.
Shree Ram Twistex IPO: Business Model
The company was incorporated in 2013, and has a facility in Rajkot, Gujarat where it makes pure cotton compact ring-spun combed and carded yarns used in knitting and weaving.
The cotton-yarn manufacturer operates in a business-to-business (B2B) only segment and supplies products to textile manufacturers, garment exporters, bulk purchasers, and fabric processors as part of its business.
Shree Ram Twistex IPO: Key Financials
Shree Ram Twistex earned a net profit of Rs 700.02 lakh for the period of six months till September 2025, according to the red herring prospectus (RHP) filed by the company with the Securities and Exchange Board of India (Sebi). During the same period, the company earned Rs. 13,208.48 lakh on revenue from operations.
During the financial year 2024-25, the company made Rs 25,504.47 lakh on operating revenue, higher than Rs 23,159.12 lakh earned a year earlier. The company made a profit after tax (PAT) of Rs 937.57 lakh during FY25, down from Rs 962.54 lakh in FY24.
Shree Ram Twistex IPO: Objective
The company plans to set up a 6.10 MW solar power plant and a 4.20 MW wind power plant for captive use, spending Rs 7.80 crore and Rs 39 crore, respectively. It will also use Rs. 14.89 crore of the funds planned to be raised to reduce debt, and another Rs 44 crore towards working capital requirement.
