Shree Ram Twistex IPO opens on February 23, 2026 and closes on February 25, 2026. The price band is ₹95 to ₹104 per share and the allotment date is February 26, 2026. The IPO is proposed to be listed on BSE and NSE on March 2, 2026. The issue is a book building IPO by Shree Ram Twistex Ltd. and the company plans to raise around ₹110.24 crores through a fresh issue.
Contents
Shree Ram Twistex IPO Key Information
| IPO Particulars | Details |
|---|---|
| IPO Open Date | February 23, 2026 |
| IPO Close Date | February 25, 2026 |
| Basis of Allotment | February 26, 2026 |
| Refunds | February 27, 2026 |
| Credit to Demat Account | February 27, 2026 |
| IPO Listing Date | March 2, 2026 |
| IPO Bidding Cut-off Time | February 25, 2026 – 5 PM |
| Issue Type | Book Building IPO |
| Face Value | ₹10 per equity share |
| Price Band | ₹95 to ₹104 per share |
| Issue Size | Approx ₹110.24 crores |
| Fresh Issue | Approx ₹110.24 crores |
| Offer for Sale | Approx [.] equity shares |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus | View PDF |
| RHP Draft Prospectus | View PDF |
Shree Ram Twistex IPO
Open: 23-25 Feb
Issue Size: ₹110.2 Cr.
Objective: To expand textile operations and meet working capital needs.
Exchange: NSE
Shree Ram Twistex IPO review
The IPO of Shree Ram Twistex is rated as neutral. The company operates in the cotton yarn manufacturing segment and has a diversified product mix across compact, carded and blended yarns. Revenue growth over recent years reflects stable demand from domestic and export customers.
However, margins remain moderate and the business is exposed to fluctuations in cotton prices, power costs and textile cycles. The proposed capital deployment towards renewable energy and working capital is expected to support cost optimisation and scale. Long-term investors may consider the issue with a medium-term view and moderate risk expectations.
Shree Ram Twistex IPO market lot
The minimum market lot for Shree Ram Twistex IPO is 144 shares with an application amount of ₹14,976. Retail investors can apply up to 13 lots.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 144 | ₹14,976 |
| Retail Maximum | 13 | 1,872 | ₹1,94,688 |
| S-HNI Minimum | 14 | 2,016 | ₹2,09,664 |
| S-HNI Maximum | 66 | 9,504 | ₹9,88,416 |
| B-HNI Minimum | 67 | 9,648 | ₹10,03,392 |
Shree Ram Twistex IPO reservation
| Investor Category | Shares Offered | % of Shares |
|---|---|---|
| Anchor Investor | – shares | – |
| QIB (Ex-Anchor) | – shares | 75% |
| NII Shares Offered | – shares | 15% |
| Retail Shares Offered | – shares | 10% |
Shree Ram Twistex IPO dates
| IPO Event | Date |
|---|---|
| IPO Open Date | February 23, 2026 |
| IPO Close Date | February 25, 2026 |
| Basis of Allotment | February 26, 2026 |
| Refunds | February 27, 2026 |
| Credit to Demat Account | February 27, 2026 |
| IPO Listing Date | March 2, 2026 |
| IPO Bidding Cut-off Time | February 25, 2026 – 5 PM |
Promoters and holding pattern
The promoters of the company are Bhaveshbhai Bhikhumbhai Ramani, Jay Atulbhai Tilala and Nidhi Bhaveshbhai Kothari.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 2,93,75,000 | 47.07% |
| Promoter Holding Post Issue | 3,99,75,000 | – |
Objects of the issue
The company proposes to utilise ₹7.85 crores for setting up a 6.1 MW solar power plant for captive use and ₹39.00 crores for setting up a 4.2 MW wind power plant for captive consumption. It also plans to use ₹14.89 crores towards repayment or pre-payment of certain borrowings and ₹44.00 crores to meet its working capital requirements. The balance will be used for general corporate purposes.
About Shree Ram Twistex Ltd
Shree Ram Twistex is a growing textile manufacturing company engaged in the production of 100% cotton yarns ranging from Ne 8 to Ne 40. Its product portfolio includes compact ring spun and carded yarns, Eli twist yarns, compact slub yarns and lycra-blended yarns. The yarns are used in denim, terry towels, shirting, sheeting, sweaters, socks, home textiles and industrial fabrics.
The company follows a B2B model and supplies to textile manufacturers, garment exporters, bulk buyers and fabric processors. Its manufacturing facility is located at Gondal, Gujarat, and is equipped with 17 compact ring spinning machines with 27,744 spindles. The company caters to both domestic and international markets.
Shree Ram Twistex IPO company financials
Amount in ₹ crores
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | 213.58 | 208.67 | 2.85 | 135.71 |
| 2024 | 231.72 | 222.10 | 3.07 | 154.30 |
| 2025 | 256.32 | 246.94 | 1.38 | 194.20 |
| Sep 2025 | 132.27 | 122.38 | 2.89 | 217.44 |
Business Analysis and Financial Health
Shree Ram Twistex operates in the cotton yarn manufacturing segment and serves both domestic and export markets through a diversified B2B client base. Revenue increased from ₹213.58 crores in FY2023 to ₹256.32 crores in FY2025, indicating steady volume growth.
However, profitability remains sensitive to cotton price movements, power costs and overall textile demand cycles. PAT declined in FY2025 due to higher operating and raw material expenses, while assets expanded to support capacity and infrastructure. The planned investment in captive solar and wind power is expected to reduce long-term energy costs and improve margin stability.
With moderate leverage and improving asset base, the company shows operational resilience, though earnings visibility remains linked to industry conditions and export demand.
Shree Ram Twistex IPO valuation – FY2025
| KPI | Value |
|---|---|
| ROE | 11.36% |
| ROCE | 13.37% |
| EBITDA Margin | 8.57% |
| PAT Margin | 3.14% |
| Debt to Equity Ratio | 0.84 |
| Earning Per Share (EPS) | ₹2.72 (Basic) |
| Price/Earning Ratio | N/A |
| Return on Net Worth | 10.80% |
| Net Asset Value | ₹25.20 |
Peer group comparison
| Company | EPS | PE Ratio | RoNW | NAV | Income |
|---|---|---|---|---|---|
| Ambika Cotton Mills Limited | 114.83 | 11.37 | 7.46% | 1,539.69 | 728.58 Cr. |
| Damodar Industries Limited | 2.32 | 14.09 | (0.05%)* | 56.62 | 446.65 Cr. |
| Rajapalayam Mills Limited | (54.45) | (15.23) | (12.00%) | 495.33 | 924.06 Cr. |
IPO lead managers
| Merchant Banker | Name |
|---|---|
| Lead Manager | Interactive Financial Services Ltd. |
Company address
| Particular | Details |
|---|---|
| Company Name | Shree Ram Twistex Ltd. |
| Registered Address | 566P1, Umwada Road, Near Bajrang Cotspin, Gondal, Rajkot, Gujarat – 360311 |
| Phone | 91 75100 12200 |
| cs@shreeramtwistex.com | |
| Website | http://shreeramtwistex.com/ |
IPO registrar
| Registrar | Details |
|---|---|
| Name | Bigshare Services Pvt. Ltd. |
| Phone | +91-22-6263 8200 |
| ipo@bigshareonline.com | |
| Website | https://ipo.bigshareonline.com/IPO_Status.html |
Shree Ram Twistex IPO FAQs
What is Shree Ram Twistex IPO?
Shree Ram Twistex IPO is a mainboard IPO in which the company plans to raise ₹110.24 crores at a price band of ₹95 to ₹104 per equity share and will be listed on BSE and NSE.
When will Shree Ram Twistex IPO open for subscription?
The IPO will open on February 23, 2026 and close on February 25, 2026 for QIB, NII and retail investors.
What is the Shree Ram Twistex IPO investors’ portion?
The QIB portion is 75%, NII portion is 15% and retail portion is 10%.
How to apply for Shree Ram Twistex IPO?
Investors can apply through ASBA using their bank account, UPI through stock brokers or by submitting offline forms via brokers.
What is Shree Ram Twistex IPO issue size?
The total issue size is ₹110.24 crores.
What is Shree Ram Twistex IPO price band?
The price band is ₹95 to ₹104 per share.
What is Shree Ram Twistex IPO lot size?
The minimum bid size is 144 shares with an application amount of ₹14,976.
What is the Shree Ram Twistex IPO allotment date?
The allotment is expected to be finalised on February 26, 2026.
What is the Shree Ram Twistex IPO listing date?
The IPO is scheduled to be listed on March 2, 2026 on BSE and NSE.
Expert Comment
Shree Ram Twistex offers investors exposure to the organised cotton yarn manufacturing segment with a diversified product mix and established manufacturing base. The company’s focus on captive renewable power and balance sheet strengthening is positive for long-term cost efficiency.
However, earnings remain cyclical and sensitive to raw material and energy price volatility. Investors with a long-term horizon and moderate risk appetite may evaluate the IPO selectively, keeping textile sector cyclicality in mind.
