The subscription for the Shree Ram Twistex IPO will officially open on Monday, February 23, 2026, and conclude on Wednesday, February 25, 2026. The company has fixed its price band at ₹95 to ₹104 per equity share. Retail investors can bid for a minimum of 1 lot (144 shares), which requires an investment of ₹14,976.
Operating out of a modern facility in Rajkot with over 27,000 spindles, Shree Ram Twistex specializes in compact ring-spun and value-added yarns (like Eli Twist and Lycra-blended). The company has demonstrated consistent financial growth: its Profit After Tax (PAT) surged by 22% to ₹8 crore in FY25 on revenues of ₹255 crore. For the first half of the current fiscal year (H1 FY26), the company has already clocked a PAT of ₹7 crore, nearly matching its entire previous year’s profit in just six months.
The IPO is 100% a fresh issue of 1.06 crore shares, meaning all proceeds will flow into the company. The primary objectives are to fund a 6.1 MW solar plant (₹7.85 crore) and a 4.2 MW wind plant (₹39 crore) for captive power use, alongside debt repayment (₹14.9 crore) and working capital (₹44 crore).
Key IPO Details & Timetable
| Feature | Details |
| Price Band | ₹95 – ₹104 per share |
| Lot Size | 144 Shares (Min. Investment ₹14,976) |
| Total Issue Size | ₹110.24 Crore (100% Fresh Issue) |
| Listing Platform | BSE & NSE (Mainboard) |
| Open Date | February 23, 2026 (Monday) |
| Close Date | February 25, 2026 |
| Allotment Date | February 26, 2026 |
| Tentative Listing | March 2, 2026 |
Important News & Investor Insights
-
Today's Status (Feb 18): The IPO is in its "cooling-off" period. Official anchor bidding will take place this Friday, February 20, which will provide a strong signal of institutional interest.
-
Grey Market Premium (GMP): As of today, the GMP is trading at ₹0. This indicates a flat expectation for the listing, though market analysts suggest that the "Green Energy" narrative may attract more interest once the bidding starts.
-
Margin Expansion Play: By setting up their own 10.3 MW renewable energy capacity, the company aims to significantly reduce its power costs—one of the largest overheads in the spinning industry. This could lead to a permanent expansion of their EBITDA margins.
-
Concentration Risk: A key factor for investors is that the company is highly dependent on a small number of top clients (like Welspun). Any loss of contract from these major players could materially impact revenue.
-
Valuation: At the upper price band, the P/E ratio is estimated at approximately 38x based on FY25 earnings. While this is slightly higher than traditional textile peers, the H1 FY26 profit surge suggests a much lower forward P/E if growth continues.
Loading comments...