Shree Ram Twistex IPO
Bookbuilding IPO | ₹110.00 Cr | Listing at BSE, NSE
Closed
IPO Open
Mon, Feb 23, 2026
IPO Close
Wed, Feb 25, 2026
Price Band
₹95.00 to ₹104.00
Market Cap (Pre-IPO)
₹415.74 Cr
IPO Details
| IPO Date | Feb 23, 2026 to Feb 25, 2026 |
| Listing Date | Tentative: Mar 02, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹95.00 to ₹104.00 |
| Lot Size | 144 Shares (Minimum: ₹14,976.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹110.00 Crores |
| Total Shares Offered | 10,600,000 shares |
| Offer For Sale | 10,600,000 shares |
Shree Ram Twistex IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Issue |
| Retail Shares Offered | Not more than 10% of the Issue |
| NII Shares Offered | Not more than 15% of the Issue |
Shree Ram Twistex IPO Lot Size
Investors can bid for a minimum of 144 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 144 | ₹14,976 |
| Retail (Max) | 13 | 1,872 | ₹194,688 |
| S-HNI (Min) | 14 | 2,016 | ₹209,664 |
| S-HNI (Max) | 66 | 9,504 | ₹988,416 |
| B-HNI (Min) | 67 | 9,648 | ₹1,003,392 |
Shree Ram Twistex Financial Information (Restated Consolidated)
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 217.44 | 194.20 | 154.30 | 135.71 |
| Total Income | 132.27 | 256.32 | 231.72 | 213.58 |
| Profit After Tax | 7.00 | 8.00 | 6.55 | 2.05 |
| EBITDA | 17.04 | 21.85 | 20.19 | 17.40 |
| NET Worth | 80.70 | 74.03 | 66.80 | 61.11 |
| Reserves and Surplus | 51.33 | 44.66 | 37.42 | 49.36 |
| Total Borrowing | 60.70 | 62.48 | 67.04 | 55.70 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROCE (Return on Capital Employed) | 13.37% |
| Debt/Equity | 0.84 |
| RoNW (Return on Net Worth) | 11.36% |
| PAT Margin (Profit After Tax Margin) | 3.14% |
| EBITDA Margin | 8.57% |
| Price to Book Value | 4.13 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 2.72 | 3.50 |
| P/E (x) | 38.21 | 29.69 |
| Promoter Holding | 47.07% | - |
Company Promoters
- Bhaveshbhai Bhikhumbhai Ramani
- Jay Atulbhai Tilala
- and Nidhi Bhaveshbhai Kothari are the company promoters.
Company Overview
Shree Ram Twistex – Company Overview
- Leading cotton yarn manufacturer in India, specializing in Compact Ring Spun Yarns, Combed Yarns, and Carded Yarns for knitting and weaving applications.
- Yarn products are widely used in denim, terry towels, shirting, sheeting, sweaters, socks, bottom wear, home textiles, and industrial fabrics, catering to diverse textile segments.
- Offers value-added yarn products including Eli Twist Yarns (Combed & Carded), Compact Slub Yarns, and Lycra-Blended Yarns, enhancing product differentiation and premium positioning.
- Operates on a Business-to-Business (B2B) model, supplying to textile manufacturers, garment exporters, bulk buyers, and fabric processing units.
- Strong domestic presence across Gujarat, Rajasthan, West Bengal, Maharashtra, Tamil Nadu, Madhya Pradesh, Punjab, and Dadra & Nagar Haveli, along with an expanding international export market.
- State-of-the-art manufacturing facility located in Gondal, Rajkot, Gujarat, equipped with 17 compact ring-spinning machines and a total spindle capacity of 27,744 spindles.
- Robust warehousing infrastructure with five warehouses, including dedicated raw material and finished goods storage facilities, offering a total storage capacity of 9,855 MT.
- Focused on quality cotton yarn production, efficient supply chain management, and scalable textile manufacturing operations, supporting long-term growth in the Indian textile sector.
Company Strengths
- Fully integrated spinning infrastructure with modern technologies
- Long standing relationships with key customers
- Strategically located manufacturing facility with adequate storage facility
- Track Record of healthy growth
- Experienced promoters and management Team
Use of Proceeds
| 1) | Funding for setting up of 6.1 MW Solar Power Plant for captive use | 7.85 |
| 2) | Funding for setting up of 4.2 MW Wind Power Plant for captive use | 39.00 |
| 3) | Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company | 14.89 |
| 4) | Funding the working capital requirements of our Company | 44.00 |
| 5) | General corporate purposes |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Shree Ram Twistex IPO Peer Comparison
Shree Ram Twistex peer comparison with similar listed entities. (As on December 31, 2025)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Shree Ram Twistex Limited | 2.72 | - | 23.97 | - | 10.80 | - | - |
| Ambika Cotton Mills Limited | 114.83 | - | 1,539.69 | 11.37 | 7.46 | 0.85 | Standalone |
| Damodar Industries Limited | 2.32 | - | 56.62 | 14.09 | -0.05 | 0.57 | Standalone |
| Rajapalayam Mills Limited | -54.45 | - | 495.33 | - | -12.00 | 1.67 | Standalone |
Quick Info
| Sector | Textiles |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹415.74 Cr |
Important Dates
| IPO Open | Feb 23, 2026 |
| IPO Close | Feb 25, 2026 |
| Allotment Date | Feb 26, 2026 |
| Credit to Demat | Feb 27, 2026 |
| Listing Date | Tentative: Mar 02, 2026 |
Lead Manager(s)
Interactive Financial Services Ltd.
Registrar
Bigshare Services Pvt.Ltd.
+91-22-6263 8200
Description
- IPO Type: Book build issue worth ₹110.24 crores, comprising entirely a fresh issue of 1.06 crore equity shares, aimed at funding expansion and working capital requirements.
- IPO Dates: The IPO opens for subscription on February 23, 2026 and closes on February 25, 2026.
- Allotment & Listing: Allotment is expected on February 26, 2026, with tentative listing on BSE and NSE scheduled for March 2, 2026.
- Price Band: The IPO price band is set between ₹95 to ₹104 per share, offering investors participation in the textile manufacturing sector.
- Lot Size: Minimum application size is 144 shares, making it accessible to retail investors.
- Retail Investment Requirement: Minimum retail investment is ₹14,976 (144 shares) based on the upper price band.
- sNII Investment Requirement: Minimum application of 14 lots (2,016 shares) amounting to approximately ₹2,09,664.
- bNII Investment Requirement: Minimum of 67 lots (9,648 shares) requiring an investment of around ₹10,03,392.
- Investor Focus: Suitable for investors tracking textile sector IPOs, manufacturing companies, and mainboard public offerings in India.