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Shree Ram Twistex IPO

Shree Ram Twistex IPO

Textile
upcoming
₹13,680Min. investment
  1. Pre-apply
    TBA
  2. Bid start
    23 Feb
  3. Bid end
    25 Feb
  4. Allotment
    26 Feb
  5. Release of funds
    27 Feb
  6. Demat transfer
    27 Feb
  7. Listing
    2 Mar

Shree Ram Twistex Limited IPO Details

SectorTextile
Price range₹95.00 – ₹104
IPO type
Regular
Lot size144 shares
Issue size₹110Cr
Red Herring Prospectus
Read
Market Cap
₹415.74CrLower than sector avg
RevenueApr 2024 - Mar 2025
₹255.04CrLower than sector avg
Growth rate3Y CAGR
9.40%

Shree Ram Twistex Limited IPO Overview

Shree Ram Twistex Limited IPO date

Shree Ram Twistex Limited IPO will open for subscription on February 23, 2026, and the closing date for the IPO is February 25, 2026. After this, investors are expected to be updated about the allotment status on February 26, 2026.

Investors who have been allotted shares can expect them to be credited to their demat account on February 27, 2026. The shares will be listed on the NSE and the BSE on Monday, March 02, 2026.

Shree Ram Twistex Limited IPO price band

The IPO includes a fresh issue only. The IPO price band has been set between ₹95 to ₹104 per share. Interested investors can choose a price within this band to apply for the IPO.

The IPO is a book-building issue, comprising a fresh issue of ₹110 crore only. Shree Ram Twistex Limited IPO listing price will be determined on March 02, 2026. The listing price is the price at which a company’s shares debut on the stock exchanges.

Shree Ram Twistex Limited IPO lot size

Shree Ram Twistex Limited IPO details have been declared. The minimum lot size for an application is 144 shares, and the investor would have to apply for a minimum of 1 lot. Meanwhile, the IPO issue size is approximately ₹110 crore.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
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Revenue
Higher revenue means strong sales and good market demand
This IPO
₹255.04Cr
This sector
₹454.61Cr
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PAT
Higher PAT means strong profitability and efficient cost management
This IPO
₹7.99Cr
This sector
₹6.27Cr
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Market cap
Higher market cap means strong confidence but may suggest overvaluation
This IPO
₹415.74Cr
This sector
₹1,147.5Cr
Compare with companies
P/E ratio
Lower ratio usually means stock is undervalued
This IPO
38.24
This sector
44.26
Compare with companies
D/E ratio
Lower ratio usually means fewer liabilities
This IPO
0.84
This sector
0.81
Compare with companies

Objectives

Capital expenditure
42.14%
Working Capital
40.00%
Repayment of borrowings
13.50%
General corporate purposes
4.32%

Strength and Weakness

Integrated manufacturing platform

The company is operating a state-of-the-art spinning plant that is fully integrated, from cotton procurement, carding, combing, spinning, winding, and packaging, all being done at the same location. Besides, such a facility integration decreases inter-process handling, increases overall product quality consistency and shortens lead time; thus, the capacity utilisation of 86 - 87% was supported during FY24 to H1FY26. The centralised nature of their operations is enabling tighter cost control and, at the same time, scalability of various product lines.

Technology-led production capability

Production is backed by the most recent compact ring, spinning technology and top-notch machinery imported from Switzerland, Germany, and Italy, comprising electronic yarn clearers and automated monitoring systems. These technologies result in fewer yarn hairiness and defects, thus producing premium compact and value-added yarns. Besides this, the company will have 5 in-house TFO twisting machines (ready for operation from July 2025) that will allow stronger vertical integration and better margin efficiency.

Established institutional customer base

The company, as of September 30, 2025, had 45 customers under its service, and their scalability reach was made possible via a lean sales model facilitated by 8 third-party brokers. Repeat customers accounted for 20.09% of the revenue in H1FY26 and for 45.69% in FY25, indicating very strong client stickiness and long-term relationships. Being in association for a long time with major players like Welspun Living Limited and Jindal Worldwide Limited, the company enjoys enhanced visibility and a steady flow of orders.

Strategically located manufacturing unit

The manufacturing facility is situated on a plot of land of approximately 29,947 sq. m., of which 10,167.94 sq. m. (33.95%) is the built-up area, which means that the facility currently has a capacity for 9,855 MT per annum installed capacity, but there is still a lot of space for future expansion. The plant is in Rajkot, Gujarat, and it is close to cotton sourcing clusters, ginning units, and skilled labour. As a result, the procurement efficiency will improve.

About Shree Ram Twistex Limited

Incorporated in 2013, Shree Ram Twistex has been a manufacturer of cotton yarn, particularly compact ring spun and carded yarn, both in combed and carded varieties. The company has progressively introduced a series of innovative products to its portfolio, such as Eli Twist yarn, compact slub yarn, and Lycra, a blended yarn.
The yarns are being utilised in a very wide spectrum of products such as denim, terry towels, shirting, socks, sweaters, home textiles, and even some industrial fabrics. The company is an exclusive B2B player that sells yarn directly to textile manufacturers, garment exporters, fabric processors, and bulk buyers.
The company's manufacturing plant, situated in Gondal (Rajkot, Gujarat), is spread over a total built-up area of 29,947 sq. mtrs. The facility is equipped with 17 compact ring spinning machines with a total spindle capacity of 27,744. The company operates 3 shifts per day and offers a 100% cotton yarn in counts ranging from Ne 8 to Ne 40. The currently installed production capacity is 9,855 MT annually, and the utilisation has remained strong. It was 86% in FY25 with a production of 8,475 MT, and roughly 87% in the six months ended September 2025 with a production of about 4,287 MT.
Cotton compact ring spun yarn, carded yarn (both combed and carded), Eli Twist yarn, Lycra, blended yarn, and compact slub yarn are the main products. Besides these, the company is also generating revenues from the sale of by-products like cotton waste, viscose, cotton mix yarn, FP bales, open-end yarn, and organic yarn.
Carded yarn was approximately 28.6% of revenue, Eli Twist yarn 25.5%, and organic yarn 21.5% for H1FY26. The company is mainly focused on the domestic market, as the business contributes nearly 90% of its sales directly from India and the rest through merchant exporters. Gujarat was responsible for around 88% of the total revenue for the period.
The company has successfully established long-term relationships with institutional clients like Welspun Living Limited and Jindal Worldwide Limited. In H1FY26, it had 45 customers, among whom the top 10 customers accounted for more than 77% of the revenue. 6 of the key customers have been associated with the company for 4+ years. The company's sales are a mix of direct institutional relationships and intermediaries such as brokers and agents. The company had 8 third-party brokers as of September 2025, and the commission expenses were around 0.6% of the total revenue.
Cotton bales being the primary raw material, the company procures it via brokers from various ginning mills and traders located in Gujarat, Maharashtra, Haryana, and Madhya Pradesh. Over H1FY26, the company had purchased cotton from 123 different suppliers, where the top supplier accounted for around 27% of the total purchases. Power costs are being reduced through the company's continuous investments in renewable energy. A 1.2 MW rooftop solar plant, which became operational in July 202,4 has already resulted in lowering the company's electricity bill. Furthermore, a 6.1 MW ground-mounted solar project (5 MW commissioned) is being implemented, and the company is also planning a 4.2 MW wind power project for captive consumption.
The textile industry in India, which is presently valued at approximately $174 billion, is predicted to grow to almost $350 billion by the year 2030. During the same time, the share of the industry in the country's GDP is estimated to go up from about 2.3% to ~5%. Besides, India continues to be a world leader in cotton as it holds the 2nd position of being the largest producer as well as consumer globally. The production of cotton yarn is forecasted to increase from ~3.8 million tons in FY24 to ~5.0 million tons by FY30. Due to strong domestic demand (which constitutes ~70% of the production), coupled with excellent export prospects, especially from markets that are diversifying their sourcing under the China+1 strategy, there is a very healthy demand scenario for the spinning industry.
The company’s focus on value-added yarns positions it well to capture higher-margin opportunities as customers continue to require more specialised products. Besides, by investing in renewable energy, the company gains a structural cost advantage in an energy-consuming industry, thus the margin and the competitiveness will get better over time. Along with supportive government policies and rising sector fundamentals, the general industry growth outlook is expected to develop a beneficial operating environment for the company's long-term growth and profit. Now, Shree Ram Twistex Ltd is launching its initial public offering (IPO), which is a completely fresh issue of ₹110 crore. Its shares will be listed on the NSE and BSE.

How to pre-apply for the Shree Ram Twistex IPO?

You can pre-apply for the Shree Ram Twistex IPO on Upstox. The pre-application for this IPO, which means the pre-apply open date, usually begins a day before the IPO opens for subscription.
Follow these steps to pre-apply for the IPO:
  • Login to your Upstox account, using your six-digit PIN
  • After successfully logging in, click on ‘Discover’
  • On the Discover tab, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, look for the ‘Shree Ram Twistex IPO’ tab and click on it
  • Now fill in all the required information, like ‘bid price’ and ‘lot size’
  • Confirm and click on ‘Pre-Apply’
  • Accept the mandate on your UPI app

How to apply for the Shree Ram Twistex IPO?

If you are interested in this investment opportunity but unsure how to apply for the Shree Ram Twistex IPO, here are the steps that you need to follow.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Shree Ram Twistex IPO on Upstox:
  • Log in to your Upstox account, using your six-digit PIN
  • After logging in, click on ‘Discover’
  • On the ‘Discover’ tab, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, look for the ‘Shree Ram Twistex IPO’ tab and click on it
  • Now fill in all the required information, like ‘bid price’ and ‘lot size’
  • Confirm and click on ‘Apply’
  • Accept the mandate on your UPI app

**How to check Shree Ram Twistex IPO Allotment Status? **

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally completed on the next working day after an IPO closes.
Here’s a step-by-step guide on how to check the Shree Ram Twistex IPO allotment status:
  • Login to your Upstox account, using your six-digit PIN
  • After logging in, click on ‘Discover’
  • On the ‘Discover’ page, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, you will find the ‘View all’ option
  • Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
  • In the ‘IPO’ tab, click on ‘My applications’
  • In ‘My applications’, under the History section, your Shree Ram Twistex IPO allotment status will be mentioned

Frequently asked questions

How to invest in the Shree Ram Twistex IPO ?

Investors can apply for the Shree Ram Twistex IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of Shree Ram Twistex IPO ?

The issue size of the Shree Ram Twistex IPO is 110 Cr.

What is 'pre-apply' for Shree Ram Twistex IPO ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Shree Ram Twistex IPO shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Opens on 23 Feb 2026