IPO Alert: Shree Ram Twistex to Open for Subscription on February 23

Shree Ram Twistex, based out of Rajkot, is to open its Initial Public Offering (IPO) on February 23 with the subscription window closing on February 25, 2026. The company has filed its Red Herring Prospectus with the Registrar of Companies ahead of the launch. 

The issue consists of a fresh sale of 1.06 crore equity shares and does not include any offer-for-sale. This means the company will receive the entire amount raised. Allotment is expected to be completed by February 26, and the shares are scheduled to list on the exchanges on March 2.  

Interactive Financial Services is the merchant banker for the issue.  

Deployment of Funds 

The company plans to use a portion of the IPO proceeds to set up renewable energy capacity for captive consumption. This includes a 6.1 MW solar power plant and a 4.2 MW wind power plant. 

The remaining funds will be used for repayment of borrowings, working capital requirements, and general corporate purposes. 

Shree Ram Twistex Operations 

The firm operates in the business-to-business segment of the textile industry. It supplies cotton yarn to textile manufacturers, garment exporters, fabric processors, and other bulk buyers. 

Its production unit is located in Rajkot, Gujarat. The facility uses 17 compact ring-spinning machines and has a spindle capacity of 27,744. The company produces 100% cotton yarn and also generates income from cotton waste. Its product portfolio includes viscose–cotton blended yarn, FP bales, and open-end yarn. 

Financial Performance 

For FY25, Shree Ram Twistex reported revenue of ₹255 crore, compared with ₹231.6 crore in the previous year, showing growth of 10.1%. Net profit for the year stood at ₹8 crore, up from ₹6.55 crore in FY24, an increase of about 22%. 

For the 6 months ended September 2025, the company posted revenue of ₹132.1 crore and net profit of ₹7 crore. 

Read More: Upcoming IPOs This Week (Feb 16–Feb 20): Gaudium IVF Mainboard Issue and 2 SME IPOs to Open! 

Conclusion 

The issue is entirely a fresh share sale, with proceeds set aside for renewable energy projects, debt repayment, and working capital. The shares are expected to list on March 2 after the subscription period ends. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
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