The Shree Ram Twistex IPO is a book-built initial public offering aimed at raising approximately ₹110.24 crore entirely through a fresh issue of equity shares. The issue opens for public subscription on February 23, 2026 and closes on February 25, 2026, with the basis of allotment finalised on February 26, 2026 and listing scheduled on both the BSE and NSE on March 2, 2026, subject to regulatory approvals.
The IPO price band has been fixed at ₹95 to ₹104 per equity share of face value ₹10 each. Investors are required to apply in a lot size of 144 shares, making the minimum investment around ₹14,976 at the upper price band. The issue is managed by Interactive Financial Services Ltd as the Book Running Lead Manager, and Bigshare Services Pvt. Ltd acts as the Registrar.
(Source: RHP)
Company Overview
Shree Ram Twistex Limited is a Gujarat-based manufacturer of cotton yarns, specialising in 100 percent cotton compact ring-spun, combed and carded yarns, as well as value-added yarn varieties such as Eli Twist, Compact Slub and Lycra-blended yarns. Its products are used in both knitting and weaving segments of the textile value chain, catering primarily to business-to-business (B2B) customers including textile manufacturers, garment exporters, bulk purchasers and fabric processors.
The company’s manufacturing facility in Gondal, Rajkot (Gujarat) houses 17 compact ring-spinning machines with a total spindle count of 27,744, enabling production of a diversified portfolio of yarns. The firm competes with several established players in the domestic textile industry, including Ambika Cotton Mills, Damodar Industries and Rajapalayam Mills.
Shree Ram Twistex has shown steady growth in recent years, with revenue and profitability increasing year-on-year.
(Source: RHP)
Industry Context
- India ranks as the sixth largest textile and apparel exporter globally, contributing 8.21% to total exports in FY24, with the USA and EU accounting for nearly 47% of shipments.
- The textile industry plays a vital employment role, directly employing over 45 million people and supporting more than 100 million livelihoods, including women and rural workers. Contributing 2.3% to India’s GDP and 13% to industrial production, the sector is projected to reach $350 billion by 2030 with significant job creation.
- Strong government support through initiatives like the Cotton Productivity Mission and export-focused policies aims to enhance competitiveness and achieve $100 billion textile exports by FY30.
(Source: RHP)
Business Strengths
- Fully integrated spinning facility with advanced compact ring spinning technology ensuring superior yarn strength, uniformity, and consistent product quality standards.
- Modern machinery sourced from Switzerland, Germany, and Italy enhances efficiency, automation, precision control, and defect reduction across manufacturing processes.
- Strong long-standing relationships with institutional customers and supported by an established network of experienced brokers and agents.
- Strategically located Gujarat-based manufacturing facility with ample expansion scope, robust storage infrastructure, and excellent road, rail, and port connectivity.
- Consistent revenue and profitability growth backed by experienced promoters, skilled management team, operational efficiency improvements, and diversified product portfolio.
(Source: RHP)
Financial Performance
Shree Ram Twistex Limited – Restated Consolidated Financials (₹ in crore)
| Particulars | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 217.44 | 194.20 | 154.30 | 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 | 17.40 |
| Net Worth | 80.70 | 74.03 | 66.80 | 61.11 |
| Reserves and Surplus | 51.33 | 44.66 | 37.42 | 49.36 |
| Total Borrowing | 60.70 | 62.48 | 67.04 | 55.70 |
(Source: RHP)
Key Ratios & Metrics (Annualised)
| KPI | September 30, 2025 |
|---|---|
| ROCE | 10.74% |
| Debt/Equity | 0.75 |
| RoNW | 9.05% |
| PAT Margin | 5.30% |
| EBITDA Margin | 12.90% |
(Source: RHP)
Market Outlook & GMP Trends
As of February 20, 2026 at 04:02 PM, Shree Ram Twistex IPO GMP stands at ₹5, with no change in today’s movement. Based on the upper price band of ₹104, the estimated listing price is ₹109, implying a potential gain of 4.81% per share or approximately ₹5 per share. Retail Subject to Sauda is ₹500, while Small HNI Subject to Sauda is ₹7,000. Over the last eight sessions, GMP has ranged between ₹0 and ₹5, indicating stable grey market sentiment with expectations of a steady listing performance.
(Note: Grey market data is updated daily based on available market inputs. Grey market trends are unofficial and should not be considered a reliable indicator of listing performance.)
(Source: Investorgain)
IPO Details
| IPO Detail | Information |
|---|---|
| IPO Opening Date | February 23, 2026 |
| IPO Closing Date | February 25, 2026 |
| Basis of Allotment | February 26, 2026 |
| Listing Date | March 2, 2026 |
| Price Band | ₹95 – ₹104 per share |
| Lot Size | 144 shares |
| Minimum Retail Investment | ₹14,976 (at upper band) |
| Maximum Retail Investment | ₹1,94,688 (13 lots) |
| Total Issue Size | ₹110.24 crore (Fresh Issue) |
| Issue Type | Book-built IPO (Fresh Issue) |
| Exchanges | BSE, NSE |
(Compiled from RHP and market updates)
Conclusion
The Shree Ram Twistex IPO offers investors exposure to the textile manufacturing sector with a focus on cotton yarn production and strategic renewable energy investments. The company’s steady revenue growth, diversified yarn portfolio and use of IPO proceeds to improve energy cost efficiencies are positive considerations.
However, the sector’s cyclical nature, customer and geographic concentration, and execution risks related to new power projects should be considered when making investment decisions. As with any IPO, suitability depends on individual risk appetite, investment horizon and market outlook.
Disclaimer: Investment in securities market is subject to market risks. Read all the related documents carefully before investing. This content is purely for information purpose only and in no way is to be considered as an advice or recommendation. The securities are quoted as an example and not as a recommendation. Investors are requested to do their own due diligence before investing.
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