IPO Details

Bidding Dates

26 Jul '23 - 28 Jul '23

Minimum Investment

₹122,000 / 1 Lots ( 2000 Shares )

Price Range

₹54 - ₹61

Maximum Investment

₹122,000 / 1 Lots ( 2000 Shares )

Retail Discount

Not Applicable

Issue Size

45.14 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Non-Institutional Investors  |   Retail Individual Investors  |  

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Jul 26, 2023

IPO Closing Date

Jul 28, 2023

Basis of Allotment

Aug 2, 2023

Initiation of Refunds

Aug 3, 2023

Credit of Shares to Demat Account

Aug 4, 2023

IPO Listing Date

Aug 7, 2023

UPI mandate confirmation

Jul 28, 2023

Shri Techtex IPO Subscription Details


Day 1Jul 26, 2023

4.50 3.73 11.18 7.67

Day 2Jul 27, 2023

11.53 29.91 48.29 33.83

Shri Techtex IPO Subscription Live Status

Investor Category Subscription (Times)
Qualified Institutions Buyers 11.53
Non-Institutional Buyers 29.91
Retail Investors 48.29
Total 33.83

About Shri Techtex Ltd.

Shri Techtex was incorporated in 2011 and is involved in the manufacturing of Polypropylene (PP) Non-Woven Fabric. They have a manufacturing facility situated at Simaj of Dholka Taluka in Ahmedabad, Gujarat. 

Since FY 2011, as a partnership firm, Shri Techtex were involved in the industrial trading activity in chemicals, packaging materials, polymers, and other allied products. Later upon conversion of the Partnership Firm to a company, Shri Techtex continued manufacturing on a job-work basis. However, as a result of demerger w.e.f. April 01, 2021, the business of contract manufacturing was transferred to the resultant company Aurum Fabritech Private Limited. After the demerger, to date, the company is in the business of manufacturing Polypropylene (PP) Non-Woven Fabric.

Shri Techtex Limited IPO Details

Shri Techtex is a 100% fresh IPO worth ₹45.14 crore. The issue comprises 74,00,000 shares and is priced at ₹54 - ₹61 per share. Retail investors can bid for the Shri Techtex Limited IPO, which will open on July 26, 2023. Shri Techtex Limited’s IPO will list on the NSE exchange on August 7, 2023.

Shri Techtex Limited IPO Objectives 

The objectives of Shri Techtex Limited's IPO are listed below:

  • To fund the construction of the factory shed 
  • To purchase machinery 
  • For the commissioning of the solar plant 
  • To meet the working capital requirements of the company
  • To meet the general corporate purposes
  • To meet the public issue expenses

Noteworthy Highlights of Shri Techtex Ltd

  • In the last 3 years, Shri Techtex Ltd derived its primary revenue from exports from the USA, Canada, Taiwan, China and Denmark. And their domestic sales are primarily from West Bengal, Tamil Nadu and Gujarat. 
  • Shri Techtex is in plans for expansion by adding new business lines like manufacturing of Hot melt Coating Lamination and PP Multifilament Yarn. And these new machinery are expected to be ready by April 2024. 

Peer Details

Garware Technical Fibers Limited and Shubham Polyspin Limited are a few of Shri Techtex’s listed peers in the market.

Shri Techtex Ltd. Financials

Particulars Period ending on March 31, 2023 (₹ in lakh) Period ending on March 31, 2022 (₹ in lakh) Period ending on March 31, 2021 (₹ in lakh)
Revenue from Operations 5,692.39 5,117.63 3,946.76
Profit After Tax (PAT) 910.63 826.56 1,265.68
Total Income 5,807.58 5,182.15 4,021.58
Debt to Equity (in times) 1.07 1.17 0.72

Know before investing


  1. The revenue of the company increased from ₹3,946.76 on March 31, 2021, to ₹5,692.39 on March 31, 2023.

  2. The gross profit of the company is ₹2,086.39 on March 31, 2023, which is high compared to its listed peer Shubham Polyspin Limited’s gross profit ₹901.78 during the same period.


  1. The PAT of the company dropped from ₹1,265.68 on March 31, 2021, to ₹910.63 on March 31, 2023.

  2. The company doesn’t hold any long-term contracts with any of the clients/customers that can guarantee business.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Shri Techtex Ltd IPO FAQs

What is Shri Techtex Limited's IPO?

The Shri Techtex Ltd IPO contains 100% fresh IPO worth ₹45.14 crore. The issue comprises 74,00,000 shares and is priced at ₹54 – ₹61 per share. The IPO will open on July 26, 2023.  

When will Shri Techtex Limited's IPO be allotted?

The Basis of Allotment will happen on Wednesday, August 2, 2023.

When will Shri Techtex Limited's IPO open for subscription?

The IPO subscription window will open on July 26 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot, which consists of 2,000 shares.

When will Shri Techtex Limited list on exchanges?

Shri Techtex Ltd IPO will list on the NSE exchange on Monday, August 7, 2023.

How do I check the allotment status of the Shri Techtex Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Validate with an OTP
  • Enter your application number, DP ID, and PAN number into the app
  • Click on ‘Submit’

What would be the listing gains on the Shri Techtex Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is Monday, August 7, 2023, for Shri Techtex Ltd.

I have finished the application process for the Shri Techtex Limited IPO, but the funds still need to be debited. What is the reason?

The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you. 

How do I approve the UPI mandate request for Shri Techtex Limited's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Shri Techtex Limited using one PAN?

You can submit only one application using your PAN card.