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Shree Ram Twistex IPO
32.26xsubscribed

Shree Ram Twistex IPO

Textile
listed
₹13,680Min. investment

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 IPO Subscription Status

Date
QIB
NII
Retail
Total
23-Feb-26
0.0 times (X)
0.07 times (X)
0.71 times (X)
0.08 times (X)
24-Feb-26
0.0X
1.91X
2.68X
0.56X
25-Feb-26
3.08X
161.6X
57.11X
32.26X

As on 23-Feb-26, 5:30 PM

Shree Ram Twistex IPO Timeline

  1. Pre-apply
    20 Feb 2026
  2. Bid start
    23 Feb 2026
  3. Bid end
    25 Feb 2026
  4. Allotment
    26 Feb 2026
  5. Release of funds
    27 Feb 2026
  6. Demat transfer
    27 Feb 2026
  7. Listing
    2 Mar 2026

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

Shree Ram Twistex Limited IPO Analysis

IPO REVIEW

Shree Ram Twistex IPO | Analysis Video

Should you apply?

Watch our analysts break down the Shree Ram Twistex Limited IPO — business model, financials, valuation and key risks — to help you decide whether to apply. The video covers the IPO price band, important dates, and what the subscription numbers mean for retail investors.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

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.

Objectives of Shree Ram Twistex Limited IPO

Capital expenditure
42.14%
They’ll use IPO funds for a 6.1 MW solar plant and ₹39 cr for a 4.2 MW wind plant.
Working Capital
40.00%
The company will use ₹44 crore for funding working capital requirements.
Repayment of borrowings
13.50%
The company will use ₹14.89 crore for repayment of certain borrowings availed by the company.
General corporate purposes
4.32%
IPO funds for corp needs, expenses & future growth.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹255.04Cr9.40%₹7.99Cr₹415.74Cr38.240.84
This sector (avg.)₹454.61Cr0%₹6.27Cr₹1,147.5Cr44.260.81
₹4,934.91Cr---₹729.14Cr₹36,802.21Cr48.160.19
₹6,387.88Cr---₹815.11Cr₹29,722.44Cr35.480.09
₹4,937.87Cr---₹874.41Cr₹13,216.91Cr22.420.40

*Revenue for financial year 2024-25. Lower P/E and D/E ratios are generally preferred.

Shree Ram Twistex IPO Contact Details

Company NameShree Ram Twistex Limited

How to apply for Shree Ram Twistex IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Shree Ram Twistex Limited IPO FAQs

Investors can apply for the Shree Ram Twistex IPO through their Demat account via the stock exchange or through their broker.
The issue size of the Shree Ram Twistex IPO is 110 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
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.
Shree Ram Twistex IPO will be open between 2026-02-23 and 2026-02-25.
Shree Ram Twistex IPO allotment date is 2026-02-27. For Shree Ram Twistex IPO allotment status check, you can visit the website of the registrar of the IPO.
For Shree Ram Twistex IPO, the IPO registrar is Bigshare Services Private Limited. You can check Shree Ram Twistex IPO allotment status on the website of the registrar.
The shares are proposed to be listed on the BSE and NSE.
The Shree Ram Twistex IPO shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
The Shree Ram Twistex IPO lot size is 144 and minimum order quantity is 144.
Shree Ram Twistex IPO has set the price band for its IPO at 104 per equity share with a face value of 10.