SRTL · NSE,BSE · Textiles
Shree Ram Twistex IPO listed on 03 Mar 2026 on NSE,BSE at ₹68.00, a loss of 34.62% over the issue price of ₹104.00. The IPO was subscribed 43.66x overall.
Shree Ram Twistex IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 23 Feb 2026 |
| IPO Close Date | 25 Feb 2026 |
| Basis of Allotment | 26 Feb 2026 |
| Initiation of Refunds | 02 Mar 2026 |
| Credit of Shares to Demat | 02 Mar 2026 |
| Listing Date | 03 Mar 2026 |
Listing day gain
-34.62%
Listed at ₹68 (issue ₹104)
Issue
₹104
Listing
₹68
Current
₹71.4
-31.35% vs issue
Day range
₹66 – ₹71.4
Issue Size
10,600,000 shares
(aggregating up to ₹110.00 Cr)
Issue Price
₹95 – ₹104
Face Value
₹10/share
Market Lot
144 shares
Retail Min Investment
₹14,976
Listing At
NSE,BSE
Sale Type
fresh issue
Fresh Issue
10,600,000 shares
(aggregating up to ₹110 Cr)
Offer for Sale
[.]
Issue Type
fixed price
Open Date
23 Feb
Close Date
25 Feb
Allotment
26 Feb
Listing
03 Mar
Last updated: 7 months ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 02 Mar 2026 Latest | ₹104 | ₹-28 | ₹76 | ₹-28 |
-26.92%
|
4:16 PM |
| 01 Mar 2026 | ₹104 | ₹-28 | ₹76 | ₹-28 |
-26.92%
|
6:16 PM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 25 Feb 2026
| Category | Subscribed (x) |
|---|---|
| QIB | 3.94x |
| NII | 220.3x |
| bNII (bids above ₹10L) | 240.94x |
| sNII (bids below ₹10L) | 179x |
| Retail Investors | 76.63x |
| Total | 43.66x |
Showing the latest subscription snapshot.
View full subscription historyBhaveshbhai Bhikhumbhai Ramani, Jay Atulbhai Tilala, and Nidhi Bhaveshbhai Kothari are the company's promoters.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | 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 Limited is a Gujarat-based textile company specialized in spinning high-quality cotton yarn. They produce 100% cotton ring-spun yarn, including combed and carded varieties, which are used to make garments like t-shirts, innerwear, and denim. The company operates from a modern facility in Gondal (Rajkot) with a capacity of approximately 28,000 spindles.
Strengths:
The company’s biggest strength is its strategic location. Being located in the cotton-growing belt of Gujarat allows them easy access to high-quality raw materials at lower transportation costs. They have built integrated infrastructure using advanced technology (like Rieter and LMW machinery) which ensures high efficiency and superior product quality. Their long-standing relationships with a diverse customer base and a network of brokers across India provide them with a stable market presence. Additionally, they have a strong focus on cost-efficiency, having installed solar and wind power plants for captive use, which significantly reduces their operational expenses.
Growth:
Shree Ram Twistex has shown consistent financial performance, with revenues growing from roughly ₹62 crore in 2017 to over ₹250 crore in 2025. Their growth strategy involves capacity expansion and moving into high-margin products like specialized yarns. The company is aggressively investing in Renewable Energy (Solar and Wind) to become more sustainable and profitable. By using IPO proceeds to set up 6.1 MW Solar and 4.2 MW Wind power plants, they aim to achieve nearly 100% power self-sufficiency, which will directly boost their net profit margins in the coming years.
Standalone · ₹ in Crores
| Particulars | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Total Revenue | 213.58 | 231.72 | 254.87 |
| Profit After Tax (PAT) | 2.05 | 6.55 | 8.46 |
| EBITDA | 17.4 | 20.19 | 21.68 |
| Total Assets | 135.71 | 154.3 | 155.87 |
| Net Worth | 61.11 | 66.8 | 58 |
| Reserves & Surplus | 49.36 | 37.42 | 43.81 |
| Total Borrowing | 55.7 | 67.04 | 60 |
Revenue & Profit Trend
The basis of allotment for Shree Ram Twistex IPO was finalised on 26 Feb 2026. You can check your allotment status using your PAN number or application number on the Bigshare Services Private Limited portal or BSE.
The Shree Ram Twistex IPO is expected to open in Feb 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Shree Ram Twistex IPO is ₹95.00 - ₹104.00 per share.
As per market sources, Shree Ram Twistex IPO GMP is currently ₹-28.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Shree Ram Twistex IPO stands at 43.66x overall.
The listing date for Shree Ram Twistex IPO is 03 Mar 2026.
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