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Shree Ram Twistex

Shree Ram Twistex IPO

Shree Ram Twistex Ltd. is launching a book-building IPO of Rs. 100.70 crore, comprising entirely a fresh issue of 1,06,00,000 equity shares.
The IPO opens for subscription on Monday, February 23, 2026 and closes on Wednesday, February 25, 2026. The allotment is expected to be finalised on Thursday, February 26, 2026, and the shares are proposed to be listed on BSE and NSE with a tentative listing date of Monday, March 2, 2026.
Listing- Yet to be listed

Shree Ram Twistex IPO

IPO Size: Rs. 100.70 crore

Business: Cotton yarn manufacturing company

Manufacturing Base: Gondal, Rajkot, Gujarat

FY25 PAT: Rs. 8.00 crore

Key Risk: Textile cycle sensitivity and margin volatility

Chanakya View: Neutral with long-term textile demand outlook

Final Subscription Tally

Size Rs.100.70 Cr.

Open 23/02 Close 25/02 Al 26/02 List 02/03

🕗 Last Update: 17 February 2026, 6.00 AM

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IPO Details at a Glance

Particulars Details
IPO Opening Date Monday, 23 Feb 2026
IPO Closing Date Wednesday, 25 Feb 2026
Listing Date (Tentative) Monday, 2 March 2026
Face Value Rs. 10 per share
Price Band Rs. 95 – Rs. 104
Lot Size 144 Shares
Issue Type Book Building IPO
Total Issue Size 1,06,00,000 Shares
Total Issue Amount Rs. 100.70 crore – Rs. 110.24 crore
Fresh Issue 1,06,00,000 Shares
Offer for Sale Nil
Listing At BSE, NSE

IPO Timetable (Tentative)

Event Date
IPO Opens Mon, Feb 23, 2026
IPO Closes Wed, Feb 25, 2026
Allotment Thu, Feb 26, 2026
Refunds Fri, Feb 27, 2026
Credit of Shares Fri, Feb 27, 2026
Listing Mon, Mar 2, 2026

Investor Reservation

Category Shares Offered
QIB Not less than 75% of the Issue
NII Not more than 15% of the Issue
Retail Not more than 10% of the Issue

IPO Lot Size & Investment Amount

Category Lots Shares Amount (Rs.)
Retail (Min) 1 144 14,976
Retail (Max) 13 1,872 1,94,688
S-HNI (Min) 14 2,016 2,09,664
B-HNI (Min) 67 9,648 10,03,392

What Does Shree Ram Twistex Ltd. Do?

Shree Ram Twistex manufactures cotton yarns including Compact Ring Spun and Carded Yarns, both Combed and Carded, used in knitting and weaving applications such as denim, terry towels, shirting, sheeting, sweaters, socks, home textiles and industrial fabrics.

The company also offers value-added yarns like Eli Twist (Combed and Carded), Compact Slub Yarns and Lycra-Blended Yarns. Operating on a B2B model, it supplies textile manufacturers, garment exporters and bulk buyers across multiple Indian states and international markets.

Its manufacturing facility is located in Gondal, Rajkot, Gujarat, equipped with 17 compact ring-spinning machines and a total spindle capacity of 27,744. The company maintains five warehouses with combined storage capacity of 9,855 MT.

Competitive Strengths

Fully integrated spinning infrastructure with modern technologies

Long-standing relationships with key customers

Strategically located manufacturing facility with strong storage infrastructure

Track record of healthy growth

Experienced promoters and management team

Financials (Rs. crore – Restated)

Particulars 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
EBITDA 17.04 21.85 20.19 17.40
PAT 7.00 8.00 6.55 2.05
Net Worth 80.70 74.03 66.80 61.11
Reserves & Surplus 51.33 44.66 37.42 49.36
Total Borrowings 60.70 62.48 67.04 55.70

Key Performance Indicators (KPI)

KPI Sep 30, 2025 Mar 31, 2025
ROCE 10.74% 13.37%
Debt/Equity 0.75 0.84
RoNW 9.05% 11.36%
PAT Margin 5.30% 3.14%
EBITDA Margin 12.90% 8.57%
EPS (Rs.) 2.72 3.50

Objects of the Issue

Purpose Amount (Rs. crore)
Setting up 6.1 MW Solar Power Plant for captive use 7.85
Setting up 4.2 MW Wind Power Plant for captive use 39.00
Repayment/pre-payment of borrowings 14.89
Funding working capital requirements 44.00
General corporate purposes Balance

Promoters & Shareholding

Bhaveshbhai Bhikhumbhai Ramani, Jay Atulbhai Tilala and Nidhi Bhaveshbhai Kothari are the promoters of the company.

Particulars Holding
Pre-IPO 47.07%
Post-IPO To be declared

Company Address

Shree Ram Twistex Ltd.
566P1, Umwada Road
Near Bajrang Cotspin, Gondal
Rajkot, Gujarat – 360311
Phone: +91 75100 12200
Email: cs@shreeramtwistex.com

IPO Lead Manager(s)
Interactive Financial Services Ltd.

IPO Registrar
Bigshare Services Pvt.Ltd.

Shree Ram Twistex IPO – Review

Shree Ram Twistex IPO offers exposure to India’s textile manufacturing value chain with focus on cotton yarn and value-added spinning products. Expansion into renewable captive power through solar and wind projects may support long-term cost efficiency, while B2B relationships and integrated infrastructure strengthen operational positioning.

However, textile demand cyclicality, raw material price volatility and margin sensitivity remain key risks for investors evaluating the IPO.

Chanakya View
Neutral. Suitable for investors with moderate risk appetite looking at textile manufacturing growth with operational expansion.

About Chanakya IPO Analysis

Chanakya provides independent IPO analysis combining fundamentals, grey market intelligence and technical insights for retail and long-term investors.

Disclaimer

This IPO coverage is for informational purposes only. Investors are advised to read the RHP/DRHP carefully and consult a SEBI-registered investment advisor before investing.

 

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