Shree Ram Twistex IPO Date, Review, Price and Key Information

Shree Ram Twistex IPO is fully book build issue and total IPO size is ₹null crores. The total offering consists of 10600000 shares.

The dates for the Shree Ram Twistex IPO have not been announced yet. The allotment process is expected to be finalized by [.].

The Shree Ram Twistex IPO is scheduled to list on BSE, NSE, with a listing date of [.]. The price band for the Shree Ram Twistex IPO has not been announced yet.

Registrar for this IPO is Bigshare Services Private Limited and lead managers for Shree Ram Twistex IPO are Interactive Financial Services Limited.

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Shree Ram Twistex IPO

IPO Schedule

IPO Open Date-
IPO Close Date-
IPO Allotment Date-
Refund Initiation-
Share credit in Demat-
Listing Date-

Key Details

Price BandTBA
Lot SizeTBA
Face Value₹10 Per Equity Share
Total Issue Size10,600,000 Shares
Fresh Issue10,600,000 Shares
Issue TypeFresh Issue
Listing AtBSE, NSE

Share Reservation

Investor CategoryShares Offered
QIB75%
Retail10%
NII/HNI15%

About Shree Ram Twistex Limited Company

Shreeram Twistex: Overview

Shreeram Twistex is a manufacturer of high-quality cotton yarns, including Compact Ring Spun and Carded varieties, as well as value-added yarns like Eli Twist, Compact Slub Yarns, and Lycra-Blended Yarns. Operating exclusively in the B2B segment, we supply textile manufacturers, garment exporters, and fabric processors with yarns used in denim, terry towels, shirting, and home textiles.

Our manufacturing facility in Gondal, Rajkot, Gujarat, features 17 compact ring-spinning machines with a total spindle count of 27,744. We produce 100% cotton yarns in counts ranging from Ne 8 to Ne 40, and Compact Eli Twist (Siro) yarns in Ne 40/2 counts. The company's revenue is diversified across various product categories, including Carded Yarn, Combed Yarn, Eli Twist Yarn and Lycra Blended Yarn. Sales are primarily domestic, with exports made through merchant exporters.

The Indian textile market is expected to grow significantly, reaching $350 Billion (₹29,13,78 Crores) by 2030 from the current $174 Billion(₹14,47,57 Crores). This growth is supported by government initiatives like the PM MITRA Park Scheme, with an allocation of ₹4,445 crore, and is expected to grow at 15-20% over the next five years. Domestic cotton yarn production is expected to reach nearly 5 million tons by FY 2030, up from approximately 3.8 million tons in FY 2024.

Shree Ram Twistex Limited Financial Details

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₹ In Crore

Key Performance Indicator

Basic EPS (in ₹)Return on Net Worth (RoNW)Net Asset Value (NAV)Debt-Equity RatioReturn on Equity (ROE)Return on Capital Employed (ROCE)
2.2310.25%21.771.00NA12.5

Offer Objectives

The document provides details regarding the Offer Objects of an upcoming issue, focusing on utilizing the net proceeds for various purposes.

Key highlights:

  • Shareholding: Details of pre and post-issue equity share capital, including shareholders like Atulbhai Tilala and Ramani Bhaveshbhai Bhikhubhai (HUF).
  • Lock-in: Specifies the lock-in periods for promoters' shareholding as per SEBI ICDR Regulations, with certain shares locked in for 3 years and excess shares (over 20% of post-issue equity) for 1 year.
  • 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, including the utilization plan which is Rs. 3900 Lakhs.
  • Financials: The plan includes utilizing Rs. 784.55 Lakhs towards the Solar Power Plant, Rs. 3900 Lakhs for the Wind Power Plant, Rs. 1489 Lakhs for repayment of borrowings and Rs. 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.

Company Details

Address:
566P1, Umwada Road, Near Bajrang Cotspin, Gondal, Rajkot 360 311, Gujarat, India

Phone: +91 75100 12200

Email: [email protected]

Website: http://www.shreeramtwistex.com

IPO Registrar Details

Bigshare Services Private Limited

Phone: +91 22 -6263 8200

Email: [email protected]

Website: http://www.bigshareonline.com

Offer Prospectus & Documents

Lead Managers

  • Interactive Financial Services Limited

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