Shree Ram Twistex IPO

About Shree Ram Twistex IPO

The Shree Ram Twistex IPO opens on Monday, February 23, 2026 and closes on Wednesday, February 25, 2026. The allotment of shares will take place on Thursday, February 26, 2026. The credit of shares to the demat account will take place on Friday, February 27, 2026. The initiation of refunds will take place on Friday, February 27, 2026. The listing of shares will take place on Monday, March 2, 2026.

The offer consists of a fresh issue component. The fresh issue will include 1.06 crore shares of ₹110.24 crores. The total number of shares and aggregate amount are 1,06,00,000 shares (aggregating up to ₹110 crores).

Shree Ram Twistex IPO’s price band is set at ₹95 to ₹104 per share. The lot size for an application is 144. The minimum amount of investment required by a retail investor is ₹14,976 (144 shares) (based on upper price). The lot size of investment for sNII is 14 lots (2,016 shares), amounting to ₹2,09,664, and for bNII, it is 67 lots (9,648 shares), amounting to ₹10,03,392.

Shree Ram Twistex operates a fully integrated spinning manufacturing facility that brings together all key stages of yarn production under one roof, from procurement of raw cotton to finished yarn packaging. Their product portfolio is both diversified and technically adaptable, allowing them to serve a wide range of applications across the textile sector. This range serves the needs of knitting, weaving, and hosiery segments.

Objectives of Shree Ram Twistex IPO

• Funding for the setting up of a 6.1 MW Solar Power Plant for captive use (“Solar Power Project”).
  
• Funding for the setting up of a 4.2 MW Wind Power Plant for captive use (“Wind Power Project”).
  
• Repayment and/or pre-payment, in full or in part, of certain borrowings availed by the company.
  
• Funding the working capital requirements of the company.
  
• General corporate purposes.
  

Industry Outlook

Cotton textiles have been the dominant textile segment in India, and it is expected to retain its pre-eminent position as the textile material of choice in the coming years too. Thus, the domestic demand for cotton yarn is expected to remain strong, both from the domestic market as well as from exports.

Accordingly, the domestic production of cotton yarn is expected to grow at a faster rate in the coming years, and annual production is expected to touch nearly 5 million tons by FY 2030, up from the current level of nearly 3.8 million tons (as of FY 2024).

About Shree Ram Twistex Compnay

Shree Ram Twistex is engaged in the manufacturing of cotton yarns, including compact ring-spun and carded yarns, both combed and carded. Their yarns are used in both knitting and weaving, serving a broad range of end-use segments such as denim, terry towels, shirting, sheeting, sweaters, socks, bottom wear, home textiles, and industrial fabrics.

They operate exclusively in the business-to-business (B2B) segment, supplying their products to institutional buyers such as textile manufacturers, garment exporters, bulk purchasers, and fabric processors. Their exclusive B2B focus allows them to streamline their production and supply chain processes around the needs of large-scale buyers, ensuring consistent quality, delivery, and efficient order fulfilment.

Strengths of Shree Ram Twistex

• Fully integrated spinning infrastructure with modern technologies to support a diversified and value-added product portfolio.
• Long-standing relationships with key customers and are supported by a network of brokers and agents.
• Strategically located manufacturing facility with adequate storage facilities and scope for future expansion.
• Track record of healthy growth.
• Strong promoters and experienced management team.

Risks of Shree Ram Twistex

• The loss of any of their key customers.
• Exposure to geographic concentration risks due to their manufacturing facility and registered office being located in Gujarat.
• Any disruption in the supply of cotton bales or adverse movement in cotton prices.
• Any decline in demand, pricing pressures, or adverse developments in the spinning or textile industry.
• Any change in government policies relating to the textile or cotton sector.
• Any disruption in their manufacturing facility.
• Any disruption or inefficiency from third-party transportation providers for inbound raw materials and outbound finished goods.
• Inaccurate demand forecasting or disruptions in their supply chain.

*Figures are in the ratio as certified by Statutory Auditor by way of their certificate (bearing UDIN 25158931BMIGRU5414) dated December 01, 2025. Source: All the financial information for listed industry peers mentioned above on a Standalone basis and is sourced from the annual results as available of the respective company for the year ended March 31, 2025, as available on the website of stock exchanges. The financial information of Shree Ram Twistex is based on the restated Standalone financial information for the year ended March 31, 2025.

Notes: a) P/E Ratio has been computed based on the closing market price of equity shares on BSE on November 20, 2025, divided by the Diluted EPS.

b) Return on net worth is calculated as Net profit after tax, as restated, attributable to the owners of the Company for the year divided by Net worth of the Company.

c) Net Asset Value per equity share represents net worth attributable to Equity Shareholder (Equity Share capital together with other equity as per Restated Financial Information) as at the end of the fiscal divided by the number of Equity Shares outstanding at the end of the year.

d) Considering the nature and size of the business of Shree Ram Twistex the peers are not strictly comparable. However, above company is included for broad comparison.

e) CMP of the peer group as on November 20, 2025 is as per the closing price as available on www.bseindia.com

Anchor Investor Bidding Date: TBA

Registrar: Bigshare Services Private Limited
Book Running Lead Managers: Interactive Financial Services Limited

Business Model

The company earns its revenue through manufacturing cotton yarns, including compact ring-spun and carded yarns, both combed and carded. They operate exclusively in the business-to-business (B2B) segment, supplying their products to institutional buyers such as textile manufacturers, garment exporters, bulk purchasers, and fabric processors.

Shree Ram Twistex Growth Trajectory

(Restated Data) Shree Ram Twistex’s Total Income for FY25 was ₹256.32 crores, whereas in FY24 and FY23 it was ₹231.72 crores and ₹213.57 crores, respectively.

The Profit After Tax for FY25 was ₹7.99 crores, whereas in FY24 and FY23 it was ₹6.55 crores and ₹2.05 crores, respectively.

Their EBITDA for FY25 was ₹21.85 crores, whereas in FY24 and FY23 it was ₹20.18 crores and ₹17.40 crores, respectively.

Shree Ram Twistex Market Position

The company sells its products in both the domestic market and international markets, with overseas sales routed through merchant exporters. In the domestic market, they sell their products across the Indian states of Gujarat, Rajasthan, West Bengal, Maharashtra, Tamil Nadu, Madhya Pradesh, and Punjab, as well as the union territory of Dadra and Nagar Haveli, through a combination of direct sales and a network of brokers.

As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹256.32 crores, ₹7.99 crores, and ₹21.85 crores, respectively.

How to apply for Shree Ram Twistex IPO?

• Step 1: Log in to your Kotak Neo Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.