Shree Ram Twistex’s ₹110.24 crore IPO entered its final day of bidding on February 25, 2026. The issue saw moderate subscription levels but a rising Grey Market Premium (GMP) of ₹13.5 per share, hinting at potential listing gains of around 12–13%. Retail investors led participation, while institutional demand remained cautious.
The Shree Ram Twistex IPO, launched on February 23, 2026, is closing today after three days of bidding. The Gujarat-based cotton yarn manufacturer aims to raise over ₹110 crore through a fresh issue of 1.06 crore equity shares. Despite a slow start, subscription momentum picked up, driven largely by retail investors.
Key Highlights
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Issue Size & Structure: ₹110.24 crore, entirely fresh issue of 1.06 crore shares.
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Price Band: ₹95–₹104 per share; minimum lot size of 144 shares (₹14,976).
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Subscription Status: By Day 2, overall subscription stood at ~0.75x; retail quota oversubscribed 2.23x, while institutional demand was weaker.
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Grey Market Premium (GMP): Rose to ₹13.5 per share, signaling possible listing gains of 12–13%.
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Fund Utilization: Proceeds earmarked for solar plant projects (6.1 MW and 4.2 MW), debt repayment, and working capital needs.
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Listing Date: Shares expected to list on NSE and BSE on March 2, 2026.
While the GMP indicates potential upside, investors should weigh fundamentals, subscription strength, and sector outlook before applying.
Sources: Mint, Moneycontrol, Groww, NDTV Profit