About
Shree Ram Twistex Limited is a Gujarat-based cotton yarn manufacturing company incorporated on December 31, 2013, as a private limited company. It was converted into a public limited company on September 18, 2024. The Company is promoted by Bhaveshbhai Bhikhubhai Ramani, Jay Atulbhai Tilala and Nidhi Bhaveshbhai Kothari. The Company operates a manufacturing facility at Gondal, Rajkot, Gujarat. It is engaged in the manufacturing of cotton yarns, including compact ring spun and carded yarns, both combed and carded. Its product portfolio also includes value-added yarns such as Eli Twist, compact slub yarns and Lycra-blended yarns. These yarns cater to knitting and weaving applications across denim, terry towels, shirting, home textiles and industrial fabrics.The Company follows a B2B business model, supplying institutional buyers such as textile manufacturers and garment exporters. Its strengths lie in product customisation, consistent quality, long-term client relationships and a focused cotton yarn portfolio aligned with diverse end-use industries
IPO schedule
| Issue open date | 2026-02-23 |
| Issue close date | 2026-02-25 |
| UPI mandate deadline | 2026-02-25 (5 PM) |
| Allotment finalization | 2026-02-26 |
| Refund initiation | 2026-02-27 |
| Share credit | 2026-02-27 |
| Listing date | 2026-03-02 |
| Mandate end date | 2026-03-12 |
| Lock-in end date for anchor investors (50%) | 2026-03-28 |
| Lock-in end date for anchor investors (remaining) | 2026-05-27 |
Financials
| Financial Year Ended | March 2024 | March 2025 | September 2025 |
| Total Assets | 154.3 | 194.2 | 217.44 |
| Revenue | 231.72 | 256.32 | 132.27 |
| Profit After Tax | 6.55 | 8 | 7 |
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 110.24 |
| Fresh Issue - Proceeds go to the company | 110.24 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Setting up of 6.1 MW Solar Power Plant (captive use) | 7.85 (7.10%) |
| Setting up of 4.2 MW Wind Power Plant (captive use) | 39 (35.40%) |
| Repayment / pre-payment of certain borrowings | 14.89 (13.50%) |
| Funding working capital requirements | 44 (39.90%) |
| General corporate purposes | 4.5 (4.10%) |
Strengths
- Expanded capacity to 9,855 MT per annum, improving scale and efficiency.
- No time or cost overruns in operations.
- No history of lockouts or strikes.
- No accumulated losses as per the RHP.
- Experienced promoters with a strong textile industry background.
Risks
- High dependence on top customers for revenue.
- No long-term contracts; operates on a purchase order basis.
- No formal dividend policy and no past dividend payments.
- Risk of technology obsolescence and upgrade costs.
- Dependence on key promoters and senior management.
Allotment Status for Shree Ram Twistex
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- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
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