Shree Ram Twistex IPO Day 3: Check subscription status, allotment date and steps

Shree Ram Twistex IPO: The initial public offering of cotton yarn maker Shree Ram Twistex has been subscribed 4.38 times so far on the final day of bidding on Wednesday, February 25.

It got bids for 4,64,04,000 shares as against 1,06,00,000 shares on offer, according to the NSE data until 11:17 am.

The part set aside for retail individual investors was subscribed 12.56 times, while the non-institutional investors category was booked 20.74 times. Qualified institutional buyers have subscribed their part 1%.

The initial share sale, with a price band of ₹95 to ₹104 per share, was entirely a fresh issuance of 1.06 crore equity shares aggregating to ₹110.24 crore. There was no offer for sale (OFS) component.

The funds generated will be used to establish wind and solar power plants, debt clearance, working capital needs and general corporate purposes.

Shree Ram Twistex makes cotton yarns, including compact ring-spun and carded yarns, both combed and carded.

Shree Ram Twistex IPO: Allotment and listing date

Shree Ram Twistex IPO allotment is likely to take place on Thursday, February 26, while the listing on stock exchanges will occur on Monday, March 2.

How to check Shree Ram Twistex IPO allotment status on NSE

• Visit NSE's IPO status page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Pick the ‘Equity & SME IPO bid details’ option
• From the 'Select Symbol' list, choose ‘SRTL’
• Identify yourself using application number and PAN
• Press the 'Submit' button

Steps to check Shree Ram Twistex IPO allotment status on Bigshare Services

• Head to registrar Bigshare Services' IPO status page: www.bigshareonline.com/ipo_Allotment.html
• Pick any one server from three displayed on the screen
• Select 'Shree Ram Twistex' from the list of IPOs
• Mention either your beneficiary ID, PAN or Application number
• Click on the ‘Search’ button to check the allotment status

Shree Ram Twistex IPO GMP