Shree Ram Twistex
February 23, 2026 – February 25, 2026
| Price | ₹95 - ₹104 |
| GMP Rumors * | ₹5 |
|---|---|
| Lot size | 144 |
| Issue size | ₹110.24 cr |
| Allotment | Feb 26, 2026 |
| Listing | Mar 2, 2026 |
Shree Ram Twistex Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 144 | 14976 | 7361 |
| sHNI | 14 | 2016 | 209664 | 263 |
| bHNI | 67 | 9648 | 1003392 | 526 |
Shree Ram Twistex Reservation
| Category | Shares Offered | % |
|---|---|---|
| QIB | 7950000 | 75% |
| HNI | 1590000 | 15% |
| Retail | 1060000 | 10% |
| Total | 10600000 | 100% |
Shree Ram Twistex About
IPO Details
| Total Issue Size | 1,06,00,000 shares (aggregating up to ₹110.24 Cr) |
| Fresh Issue | 1,06,00,000 shares (aggregating up to ₹110.24 Cr) |
| Face Value | ₹10/- Per Share |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE,BSE |
| Share Holding Pre Issue | 2,93,75,000shares |
| Share Holding Post Issue | 3,99,75,000 shares |
Key Performance Indicators (KPI)
| KPI | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| RONW | 9.05% | 11.36% | 10.25% | 3.57% |
| ROCE | 10.74% | 13.37% | 12.50% | 8.61% |
| EPS (BASIC) | 2.38 | 2.72 | 2.23 | 0.70 |
| P/E Pre IPO | 38.21 | |||
| P/E Post IPO | 29.69 |
Company Financial (In ₹Crore)
| Period Ended | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Assets | 217.44 | 194.2 | 154.3 | 135.71 |
| Total Income | 132.27 | 256.32 | 231.72 | 213.58 |
| Profit After Tax | 7.00 | 8.00 | 6.55 | 2.05 |
| EBITDA | 17.04 | 21.85 | 20.19 | 17.4 |
| NET Worth | 80.7 | 74.03 | 66.8 | 61.11 |
| Reserves and Surplus | 51.33 | 44.66 | 37.42 | 49.36 |
| Total Borrowing | 60.7 | 62.48 | 67.04 | 55.7 |
Peer Comparison (Valuation)
| Company | P/E (x) | CMP*(₹) | Face value (₹) |
|---|---|---|---|
| Shree Ram Twistex Limited | 38.21 | 104.00 | 10.00 |
| Ambika Cotton Mills Limited | 11.37 | 1305.10 | 10.00 |
| Damodar Industries Limited | 14.09 | 32.70 | 5.00 |
| Rajapalayam Mills Limited | -15.23 | 829.7 | 10.00 |
Peer Comparison (Financial Performance)
| Company | NAV/Share (₹) | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|---|
| Shree Ram Twistex Limited | 23.97 | 10.80 | 2.72 |
| Ambika Cotton Mills Limited | 1539.69 | 7.46 | 114.83 |
| Damodar Industries Limited | 56.62 | -0.05* | 2.32 |
| Rajapalayam Mills Limited | 495.33 | -12.00 | -54.45 |
About Company
Shree Ram Twistex is engaged in the manufacturing of cotton yarns, including Compact Ring Spun Yarns and Carded Yarns (Combed & Carded variants) used in knitting and weaving applications.
The yarns cater to diverse end-use products such as denim, terry towels, shirting, sheeting, sweaters, socks, bottom wear, home textiles, and industrial fabrics.
The company also manufactures value-added yarns including Eli Twist (Combed & Carded), Compact Slub Yarns, and Lycra-Blended Yarns, targeting higher-margin segments.
Operates on a B2B model, supplying textile manufacturers, garment exporters, fabric processors, and bulk buyers across multiple Indian states including Gujarat, Rajasthan, West Bengal, Maharashtra, Tamil Nadu, Madhya Pradesh, Punjab, and Dadra & Nagar Haveli, along with international exports.
The manufacturing facility is located in Gondal, Rajkot (Gujarat) with 17 compact ring-spinning machines and 27,744 spindles.
The company maintains five warehouses (raw material, finished goods, and general storage) with a combined storage capacity of 9,855 MT, supporting efficient inventory management.
Strength
Fully Integrated Spinning Infrastructure: The Company operates an end-to-end, fully integrated spinning facility covering all stages from cotton procurement to finished yarn packaging. Centralized operations enhance process control, reduce lead time, improve efficiency, and ensure consistent product quality.
Strong Customer & Broker Network: With nearly a decade of industry presence, the Company maintains strong relationships with key customers, supported by 8 third-party brokers and agents (as of September 30, 2025). These intermediaries assist in lead generation and order facilitation, strengthening market reach.
Experienced Promoters & Management Team: Led by experienced Promoter-Directors, the Company benefits from strategic leadership focused on modernization, system integration, diversification, expansion, and maintaining a customer-centric approach.
Weakness
Geographic Concentration Risk: The Company’s manufacturing facility and registered office are located in Gujarat, from where a significant portion of its revenue is generated. Any adverse developments in this region could negatively impact its operations and financial performance.
Dependence on Cotton Bale Suppliers: The Company relies on a limited number of suppliers for cotton bales, which constitute its principal raw material and a major portion of production costs. Any disruption in supply or volatility in cotton prices may materially affect its cost structure and profitability.
Product Concentration Risk: A substantial share of the Company’s revenue is derived from Carded Cotton Yarn, Combed Cotton Yarn, and ELI Twist Yarn. Any decline in demand, pricing pressures, or downturn in the spinning or textile industry could adversely affect its business and results of operations.
Shree Ram Twistex Lead Manager(s)
Shree Ram Twistex Address
Address
566P1, Umwada Road
Near Bajrang Cotspin, Gondal,
Rajkot, Gujarat, 360311
91 75100 12200
E-mail:cs@shreeramtwistex.com
Website: http://shreeramtwistex.com/
Shree Ram Twistex Registrar
Shree Ram Twistex Reviewers
| Reviewer | Recommendation | File |
|---|---|---|
| Swastika Investmart Ltd | Avoid |