Shree Ram Twistex IPO Day 3: Oversubscribed 12x; GMP jumps to 17%. Check key details

The Rs 110 crore IPO of Shree Ram Twistex has been oversubscribed 12 times on the third day of bidding, with 1.06 crore shares on offer. The Non-Institutional Investors (NIIs) segment saw robust demand, being subscribed 56.13 times, while the retail segment was subscribed 25.42 times.

In the grey market, shares are trading at a premium of 17.31%, up from around 9%, reflecting improved investor sentiment.

The issue allotment is expected on February 26, with tentative listing on the BSE and NSE scheduled for March 2. The IPO is a fully fresh issue of 1.06 crore shares, priced in the band of Rs 95–104 per share.

Shree Ram Twistex IPO Day subscription status:

As of 12:32 PM on Day 3, Shree Ram Twistex’s IPO has been oversubscribed 12 times in total.

Retail Individual Investors (RIIs) have demonstrated strong interest, subscribing 25.42 times against the 10.60 lakh shares allocated to them.

Non-Institutional Investors (NIIs) have subscribed 56.13 times their quota of 15.90 lakh shares.

In contrast, Qualified Institutional Buyers (QIBs) have subscribed 9% of the 79.50 lakh shares reserved for their segment.

Shree Ram Twistex IPO GMP today

As of February 25, 2026, shares of Shree Ram Twistex are trading at a premium of Rs 18, reflecting a 17.3% gain compared to the earlier premium of around 9%, signalling improved investor sentiment. The estimated listing price for the issue stands at Rs 122.

Shree Ram Twistex IPO details

Shree Ram Twistex’s IPO consists entirely of a fresh issue of 1.06 crore equity shares, aggregating to Rs 110.24 crore.

At the upper end of the price band, the company’s pre-issue market capitalisation is estimated at Rs 416 crore. The public issue will close on February 25, with the share allotment expected on February 26 and a tentative listing on the BSE and NSE scheduled for March 2.

Investors must apply for a minimum of 144 shares, which amounts to Rs 14,976 at the upper price band. The issue allocation reserves 75% for Qualified Institutional Buyers (QIBs), up to 15% for Non-Institutional Investors (NIIs), and up to 10% for Retail Investors.

About the company

Shree Ram Twistex manufactures cotton yarns including compact ring spun and carded yarns, both combed and carded varieties. Its products are used in knitting and weaving applications such as denim, terry towels, shirting, sheeting, sweaters, socks, bottom wear and home textiles.

The company also produces value-added yarns such as Eli Twist, compact slub yarns and Lycra-blended yarns. It operates on a B2B model, supplying textile manufacturers, garment exporters, bulk buyers and fabric processors across multiple states, including Gujarat, Rajasthan, Maharashtra, Tamil Nadu and West Bengal, along with exports.

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

Financial performance

For FY25, Shree Ram Twistex posted a total income of Rs 256 crore, compared with Rs 232 crore in FY24. Profit after tax (PAT) increased to Rs 8 crore from Rs 6.55 crore a year earlier, while EBITDA rose to Rs 22 crore from Rs 20 crore.

As of September 2025, the company reported total income of Rs 132 crore and a PAT of Rs 7 crore. Its EBITDA margin improved markedly to 12.9% in FY25 from 8.57% in FY24, while the PAT margin edged up to 3.14% from 2.83%, indicating enhanced operational efficiency and profitability.

Use of proceeds

The company plans to use the IPO proceeds to set up a 6.1 MW solar power plant and a 4.2 MW wind power plant for captive use, repay certain borrowings of about Rs 14.89 crore and fund working capital requirements of Rs 44 crore. The shift to captive renewable energy is expected to lower power costs, which form a key component of spinning operations.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)