Shree Ram Twistex IPO Ends with 43.66x Subscription

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Overwhelming Response:

₹110.24 crore IPO subscribed 43.66 times. Received bids for 46.28 crore shares vs 1.06 crore on offer. Priced at ₹95-104 band.

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NII Led Demand:

Non-institutional investors category booked 220.30 times. Retail investors subscribed 76.63x, while QIB segment saw modest 3.94x subscription only.

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Fund Utilisation Plan:

₹39 crore for 4.2 MW wind power plant. ₹14.89 crore debt repayment, ₹44 crore working capital, balance for corporate purposes.

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Grey Market Signal:

Unlisted shares trading at ₹96-98, showing -5.77% to -6% discount vs upper band. Indicates cautious listing sentiment despite strong subscription.

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Key Dates Ahead:

Allotment finalises February 26. Listing on BSE/NSE scheduled March 2 at 10 AM. Cotton yarn manufacturer serves textile, garment exporters B2B.

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With Our Subscription Plans

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Shree Ram Twistex IPO Ends with 43.66x Subscription

Overwhelming Response: ₹110.24 crore IPO subscribed 43.66 times. Received bids for 46.28 crore shares vs 1.06 crore on offer. Priced at ₹95-104 band.

NII Led Demand: Non-institutional investors category booked 220.30 times. Retail investors subscribed 76.63x, while QIB segment saw modest 3.94x subscription only.

Fund Utilisation Plan: ₹39 crore for 4.2 MW wind power plant. ₹14.89 crore debt repayment, ₹44 crore working capital, balance for corporate purposes.

Grey Market Signal: Unlisted shares trading at ₹96-98, showing -5.77% to -6% discount vs upper band. Indicates cautious listing sentiment despite strong subscription.

Key Dates Ahead: Allotment finalises February 26. Listing on BSE/NSE scheduled March 2 at 10 AM. Cotton yarn manufacturer serves textile, garment exporters B2B.