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HomeIPOShree Ram Twistex

About Shree Ram Twistex

Shree Ram Twistex produces cotton yarns, including Compact Ring Spun and Carded Yarns, both Combed and Carded. The yarns are used in both knitting and weaving for various products, such as denim, terry towels, shirting, sheeting, sweaters, socks, bottom wear, home textiles, and industrial fabrics. It also provides value-added yarns, such as Eli Twist (Combed and Carded), Compact Slub Yarns, and Lycra-Blended Yarns.The company follows a business-to-business (B2B) model - supplying products to textile manufacturers, garment exporters, bulk buyers, and fabric processors. The products are sold across various states, including Gujarat, Rajasthan, West Bengal, Maharashtra, Tamil Nadu, Madhya Pradesh, and Punjab, as well as the union territory of Dadra and Nagar Haveli, and also export to other countries. Its manufacturing unit is based in Gondal, Rajkot, Gujarat, with 17 compact ring-spinning machines with a total spindle number of 27,744. The company also has five (5) warehouses, two (2) for raw material storage, two (2) for finished goods storage, and one (1) for general storage, with a total storage capacity of 9,855 MT.

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National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
Open  Close17th Sep 2026 - 21st Sep 2026
Issue Size22561.57 Cr
Min. Qty8 Shares
Issue Price₹ 1700.00
Live IPO
Antala Industries logo

Antala Industries

SME
Open  Close29th Oct 2026 - 5th Nov 2026
Issue Size22.98 Cr
Min. Qty2000 Shares
Issue Price₹ 62.00
Live IPO
Companies NameOpen - CloseIssue SizeMin. QtyIssue PriceApply
National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
17th Sep 2026 - 21st Sep 202622561.57 Cr8 Shares₹ 1700.00
Antala Industries logo

Antala Industries

SME
29th Oct 2026 - 5th Nov 202622.98 Cr2000 Shares₹ 62.00
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Shree Ram Twistex

Shree Ram Twistex

Open Date

Feb 23, 2026

Close Date

Feb 25, 2026

listed

Min Investment

₹14,976

Lot Size

144 Shares

Issue Size

₹110.24 Cr

Price Range

₹95 - ₹95

Listing Date

Mar 2, 2026

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RHP PDF

Company Valuation

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The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily.

₹10(+10.53%)GMP
9.62%Prediction Listing Gain

Grey Market Premium (GMP) Trend

Shree Ram Twistex IPO - Issue Objectives

They’ll use IPO funds for a 6.1 MW solar plant and ₹39 cr for a 4.2 MW wind plant. The company will use ₹14.89 crore for repayment of certain borrowings availed by the company. The company will use ₹44 crore for funding working capital requirements. IPO funds for corp needs, expenses & future growth.

Capital expenditure

42.14%

Repayment of borrowings

13.5%

Working Capital

40%

General corporate purposes

4.32%

1

Capital expenditure

They’ll use IPO funds for a 6.1 MW solar plant and ₹39 cr for a 4.2 MW wind plant.

42.14%
2

Repayment of borrowings

The company will use ₹14.89 crore for repayment of certain borrowings availed by the company.

13.50%
3

Working Capital

The company will use ₹44 crore for funding working capital requirements.

40.00%
4

General corporate purposes

IPO funds for corp needs, expenses & future growth.

4.32%

IPO Subscription Status

QIB
3.94x
NII
220.30x
Individual
76.63x
Total
43.66x

Times subscribed by category (bars capped at 10x for readability). Dashed line marks 1.0x (fully subscribed).

Financials of Shree Ram Twistex

In Cr.

Key Performance Indicator30-Sep-25 (In Cr.)31-Mar-25 (In Cr.)31-Mar-24 (In Cr.)31-Mar-23 (In Cr.)
Revenue132.27256.32231.72213.58
EBITDA17.0421.8520.1917.40
Expenses
Profit After Tax7.008.006.552.05
Assets217.44194.20154.30135.71
Net Worth80.7074.0366.8061.11
Reserves51.3344.6637.4249.36
Borrowing60.7062.4867.0455.70

Shree Ram Twistex - Promoter(s)

Bhaveshbhai Bhikhumbhai Ramani

Jay Atulbhai Tilala

Nidhi Bhaveshbhai Kothari

Pre Issue Share Holding

47.07%

Post Issue Share Holding

N/A

About Strength & Risks

Why this IPO looks interesting

Key positives investors may want to consider before applying.

01

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.

02

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.

03

Established institutional customer base

What investors should watch closely

Risk factors and possible pressure points around the offer.

01

Customer concentration risk

A major portion of revenues is reliant on a handful of customers. The largest customer provided 28.57% of the total revenue in H1FY26, increasing to 44.35% in FY24, whereas the top 10 customers together made up 85.98% of the revenues in FY25. The Company mainly deals with short-term purchase orders and does not have long-term contracts; thus, they are more exposed to fluctuations in order volumes. If the company loses or experiences a slowdown with any of its major customers, their revenues, cash flows, and capacity utilisation could be severely affected.

02

Geographic concentration exposure

Operations are mainly concentrated in Gujarat, which brought 87.72% of the total revenue in H1FY26 and as high as 93.48% in FY25. Both the manufacturing facility and registered office are in Gondal, Gujarat, thus increasing the possibility of risks related to the region, such as changes in regulations, lack of infrastructure, labour unrest, or natural disasters.

Contact Details

Shree Ram Twistex

566P1, Umwada Road Near Bajrang Cotspin, Gondal, Rajkot, Gujarat, 360311

+917510012200
cs@shreeramtwistex.com
http://www.shreeramtwistex.com/

Registrar Contact Details

Bigshare Services Pvt.Ltd.

+91-22-6263 8200
ipo@bigshareonline.com
https://ipo.bigshareonline.com/ipo_status.html

Shree Ram Twistex IPO - FAQs

Shree Ram Twistex IPO is a Mainboard IPO. The issue is priced at 95-₹104. The minimum order quantity is 144 Shares. The IPO opens on 23 Feb, and closes on 25 Feb. Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.









IPO Timeline

  • Pre Apply2026-02-20
  • Bidding Starts2026-02-23
  • Bidding Ends2026-02-25
  • Allotment Finalisation2026-02-26
  • Release of Funds2026-02-27
  • Demat Transfer2026-02-27
  • Listing2026-03-02

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.

04

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.

03

Raw material dependence

Cotton bales are the main raw material and accounted for 66-76% of the revenue from FY23 to FY25, with the cost of raw materials reaching ₹176.31 crore in FY24. Supplier concentration is high, with the top 5 suppliers accounting for 81.72%% of purchases in H1FY26, and procurement is largely undertaken on a spot or short-term basis. Fluctuation of cotton prices, cotton shortage, or cotton quality issues will lead to lower margins and affect the consistency of the product.

04

Product mix sensitivity

A significant portion of the revenues comes from only a few yarn categories, mainly carded yarn and ELI twist yarn, which together accounted for 54.02% of the revenue in H1FY26, ~81% in FY25, and ~86% in FY24. Carded yarn alone accounted for 51.34% of revenue in FY25 and has been consistently over 48% during FY23FY25. A decrease in demand, price pressure, or margin compression in these core yarn segments will have an outsized effect on the total revenues.