Shree Ram Twistex IPO is a book-built issue aggregating ₹110.24 crore and comprises entirely a fresh issue of 1.06 crore equity shares. The IPO will open for subscription on February 23, 2026, and close on February 25, 2026, with allotment expected to be finalised on February 26, 2026.
The company is slated to list on both the BSE and NSE, with a tentative listing date of March 2, 2026. The price band for the issue has been fixed at ₹95 to ₹104 per share, and the lot size is 144 shares.
Retail investors will need a minimum investment of ₹14,976 at the upper price band. For sNII investors, the minimum application is 14 lots (2,016 shares), amounting to ₹2,09,664, while bNII investors must apply for at least 67 lots (9,648 shares), amounting to ₹10,03,392.
Interactive Financial Services Ltd is the book-running lead manager to the issue, while Bigshare Services Pvt. Ltd has been appointed as the registrar. Refer to Shree Ram Twistex IPO RHP for complete details.
Shree Ram Twistex IPO Objectives
The company plans to utilise the Net Proceeds from the issue for the following purposes:
- Funding for setting up of 6.1 MW Solar Power Plant for captive use up to ₹2,223.55 lakh
- Funding for setting up of 4.2 MW Wind Power Plant for captive use up to ₹3,900 lakh
- Repayment and/or pre-payment, in full or part, of certain borrowings up to ₹1,489 lakh
- Funding working capital requirements up to ₹4,400 lakh
- For general corporate purposes
About Shree Ram Twistex Limited
Shree Ram Twistex Limited is engaged in the manufacturing of cotton yarns, including compact ring-spun and carded yarns in both combed and carded varieties. Its product portfolio also comprises value-added yarns such as Eli Twist (combed and carded), compact slub yarns, and Lycra-blended yarns.
The company’s yarns cater to both knitting and weaving applications, serving diverse end-use segments such as denim, terry towels, shirting, sheeting, sweaters, socks, bottom wear, home textiles, and industrial fabrics.
The company operates exclusively in the business-to-business (B2B) segment, supplying institutional buyers including textile manufacturers, garment exporters, bulk purchasers, and fabric processors.
This focused B2B approach enables Shree Ram Twistex Limited to streamline production and supply chain operations in line with large-scale buyer requirements, ensuring consistent quality, timely delivery, and efficient order fulfilment. It also supports the development of long-term client relationships and the provision of customised yarn solutions tailored to specific technical parameters such as count, twist, and strength.
Shree Ram Twistex Limited’s manufacturing facility is located in Gondal, Rajkot, Gujarat, and houses 17 compact ring-spinning machines with a total spindle capacity of 27,744. Additionally, it offers compact slub yarns for textured fabric effects and Lycra-blended yarns that provide stretch and comfort, making them suitable for activewear and fitted garments.
The company also generates revenue from by-products such as cotton waste, which is sold to manufacturers of non-woven fabrics and open-end yarns. It further markets viscose-cotton mix yarn, FP bales, and open-end yarn to fabric manufacturers, weaving units, and traders based on specific customer requirements.
Industry Outlook
- India’s textile industry contributes around 4.5% to global trade and ranks as the fifth-largest textile market worldwide. The sector is projected to grow from approximately $174 billion to $350 billion by 2030, with an estimated CAGR of 15–20% over the next five years, driven by rising domestic consumption, higher per capita income, and expanding exports to over 100 countries.
- The industry is receiving significant policy backing through initiatives such as the PM MITRA Park Scheme (with an allocation of ₹4,445 crore), the Production-Linked Incentive (PLI) Scheme for MMF apparel and technical textiles, Kasturi Cotton branding and traceability initiative, and the Samarth Scheme for skill development.
- Cotton remains the dominant textile segment in India and is expected to retain its leadership position. Strong domestic and export demand is likely to support steady growth in cotton yarn production, which is projected to increase from nearly 3.8 million tons in FY2024 to about 5 million tons by FY2030.
How To Apply for the Shree Ram Twistex IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Shree Ram Twistex IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of Shree Ram Twistex IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Shree Ram Twistex Limited
Registered office: 566P1, Umwada Road, Near Bajrang Cotspin, Gondal, Rajkot – 360 311, Gujarat, India.
Phone: +91 75100 12200
Email Id: cs@shreeramtwistex.com
Shree Ram Twistex IPO Reservation
| Investor Category | Shares Offered |
| QIB (Qualified Institutional Buyers) | Not less than 75% of the Issue |
| Retail Individual Investors (RII) | Not more than 10% of the Issue |
| Non-Institutional Investors (NII) | Not more than 15% of the Issue |
Shree Ram Twistex IPO Lot Size Details
| Application | Lots | Shares | Amount |
| Individual investors (Retail) (Min) | 1 | 144 | ₹14,976 |
| Individual investors (Retail) (Max) | 13 | 1872 | ₹1,94,688 |
| HNI (Min) | 14 | 2,016 | ₹2,09,664 |
Shree Ram Twistex IPO Promoter Holding
The promoters of the company include Bhaveshbhai Bhikhumbhai Ramani, Jay Atulbhai Tilala, and Nidhi Bhaveshbhai Kothari.
| Share Holding Pre-Issue | 47.07% |
| Share Holding Post Issue | - |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Shree Ram Twistex IPO
| KPI | Value (FY 2025) |
| PAT Margin (%) | 3.14 |
| RoNW (%) | 11.36 |
| EBITDA Margin (%) | 8.57 |
| RoCE (%) | 13.37 |
Shree Ram Twistex IPO Registrar and Lead Managers
Shree Ram Twistex IPO Lead Managers
- Interactive Financial Services Ltd
Registrar for Shree Ram Twistex IPO
Bigshare Services Pvt Ltd
- Phone Number: +91-22-6263 8200
- Email Address: ipo@bigshareonline.com
Financial Performance of Shree Ram Twistex Limited
| Particulars | Six Months Ended Sep 30, 2025 | FY2025 | FY2024 | FY2023 |
| Total Income (₹ in lakhs) | 13,226.72 | 25,632.04 | 23,172.41 | 21,357.93 |
| Revenue from Operations (₹ in lakhs) | 13,208.48 | 25,504.47 | 23,159.12 | 21,314.05 |
| Current Ratio | 1.36 | 1.44 | 1.75 | 1.55 |
| EBITDA (₹ in lakhs) | 1,703.53 | 2,185.26 | 2,018.53 | 1,740.16 |
| Profit After Tax (PAT) (₹ in lakhs) | 700.02 | 799.59 | 655.25 | 205.08 |
Peer Comparison
| Company | P/E Ratio | RoNW (%) | Revenue from Operations (₹ in lakhs) |
| Shree Ram Twistex Limited | - | 10.80 | 25,504.47 |
| Ambika Cotton Mills Limited | 11.37 | 7.46 | 70,207.04 |
| Damodar Industries Limited | 14.09 | (0.05) | 42,143.54 |
| Rajapalayam Mills Limited | (15.23) | (12.00) | 89,847.79 |
Strengths and Opportunities of Shree Ram Twistex Limited
- The company operates a fully integrated spinning facility, enabling all key stages of yarn production from raw cotton procurement to finished yarn packaging under one roof, ensuring better quality control and operational efficiency.
- Its manufacturing facility is strategically located with adequate storage capacity and scope for future expansion, supporting scalability and smooth logistics.
- The company has demonstrated consistent revenue growth, with revenue from operations increasing from ₹6,278.65 lakhs in FY2017 to ₹25,504.47 lakhs in FY2025.
- Profitability has improved significantly over the years, with profit after tax rising from ₹(225.06) lakhs in FY2017 to ₹799.59 lakhs in FY2025.
- With nearly a decade of experience in the textile industry, the company has established long-standing relationships with key customers.
- The business is supported by a network of brokers and agents, which strengthens market reach and ensures consistent demand.
- The company is focused on managing and optimising working capital requirements arising from higher investments in raw materials, inventory, and receivables as operations scale up.
- The planned installation of a ground-mounted solar power plant and windmill for captive use is expected to reduce energy costs, enhance sustainability, and improve long-term margins.
Risks and Threats of Shree Ram Twistex Limited
- The company derives a significant portion of its revenue from a limited number of customers, with its top customer contributing 28.57% (H1 FY2026), 32.97% (FY2025), 44.35% (FY2024), and 37.26% (FY2023) of total revenue. Loss of any major customer could materially impact revenues and profitability.
- The manufacturing facility and registered office are located in Gujarat, and a substantial portion of revenue is generated from the same state, exposing the company to geographic concentration risks.
- The business is dependent on a limited number of suppliers for cotton bales, its primary raw material. Any supply disruption or volatility in cotton prices could adversely affect margins and operations.
- A major share of revenue comes from carded cotton yarn, combed cotton yarn, and ELI Twist yarn. Any decline in demand, pricing pressure, or slowdown in the textile industry may negatively impact performance.
- The proposed 4.2 MW wind power project has not yet been formalised through a definitive agreement, and delays or non-execution could affect anticipated energy cost savings and operational efficiency.
- The company must meet stringent quality standards set by institutional buyers. Failure to comply with specifications may lead to product rejections, reputational damage, and loss of business.
- Inability to accurately forecast demand and manage inventory levels of cotton bales and finished goods could lead to working capital strain and operational inefficiencies.
- The company relies on brokers and agents for yarn sales, and any disruption in these relationships or performance issues could adversely affect revenue generation and market reach.
