Shree Ram Twistex IPO Announces
Shree Ram Twistex Limited has announced its upcoming IPO, presenting an opportunity for investors to participate in the growth of a prominent player in the cotton yarn manufacturing industry. This IPO is an Offer for Sale (OFS) of 10,600,000 shares.
Company Overview
Shree Ram Twistex Limited specializes in manufacturing high-quality cotton yarns, including Compact Ring Spun and Carded varieties, along with value-added yarns like Eli Twist and Lycra-Blended Yarns. The company operates exclusively_ in the B2B segment, supplying textile manufacturers, garment exporters, and fabric processors with yarns used in various applications such as denim, terry towels, shirting, and home textiles.
Located in Gondal, Rajkot, Gujarat, the company s manufacturing facility features 17 compact ring-spinning machines with a total spindle count of 27,744. They produce 100% cotton yarns in counts ranging from Ne 8 to Ne 40, and Compact Eli Twist (Siro) yarns in Ne 40/2 counts.
Key Achievements
Shree Ram Twistex Limited has demonstrated significant growth and innovation in the cotton yarn market. The company continually invests in technology and process improvements to maintain its competitive edge. The company focuses on sustainable practices and aims to reduce its environmental footprint through green energy initiatives, ensuring a responsible and sustainable future.
Financial Overview
Here s a snapshot of Shree Ram Twistex Limited’s financial performance for the most recent fiscal year:
| Financial Parameter | Amount ( ) |
|---|---|
| Total Assets | Data not available |
| Revenue | Data not available |
| Profit After Tax (PAT) | Data not available |
| Net Worth | Data not available |
| Borrowings | Data not available |
Note: Financial data is based on the most recent fiscal year. Data not provided in the source document.
Offer for Sale and IPO Structure
The IPO consists of an Offer for Sale of 10,600,000 equity shares. The allocation structure is as follows:
- Retail Investors: 10%
- Qualified Institutional Buyers (QIB): 75%
- Non-Institutional Investors (NII): 15%
The shares are proposed to be listed on both the BSE and NSE.
Offer Objects
The funds raised from the IPO will be used to set up a Solar Power Plant, Wind Power Plant for captive use, repay borrowings, funding working capital, and for general corporate purposes.
Key highlights:
- Issue Objects: The primary use of funds is for setting up a 6.1 MW Solar Power Plant and a 4.2 MW Wind Power Plant for captive use, repaying borrowings, funding working capital, and general corporate purposes.
- Solar Power Project: Details of the 6.1 MW ground-mounted solar power plant in Gujarat, including location, capacity, estimated generation (96,00,000 kWh annually), technology, and EPC contractor (Soleos Solar Energy Private Limited). The company expects a cost saving by reducing its dependence on the grid power and also reduce its carbon emissions.
- Wind Power Project: Details of the 4.2 MW Wind Power Plant.
- Financials: The plan includes utilizing 784.55 Lakhs towards the Solar Power Plant, 3900 Lakhs for the Wind Power Plant, 1489 Lakhs for repayment of borrowings and 4400 Lakhs towards working capital requirements.
The company plans to utilize the net proceeds towards green energy initiatives to reduce its dependence on grid electricity and also reduce its carbon footprint.
Lead Managers and Registrar
The lead manager for the Shree Ram Twistex Limited IPO is Interactive Financial Services Limited. Bigshare Services Private Limited is the registrar for the IPO.
Conclusion
The Shree Ram Twistex Limited IPO presents an exciting opportunity to invest in a growing cotton yarn manufacturing company. Stay tuned for updates on the IPO dates and other important information to make an informed investment decision.