{"id":21872,"date":"2026-02-23T16:12:23","date_gmt":"2026-02-23T10:42:23","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=21872"},"modified":"2026-02-23T16:12:23","modified_gmt":"2026-02-23T10:42:23","slug":"shree-ram-twistex-ipo-subscription-gmp","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/ipo-news\/shree-ram-twistex-ipo-subscription-gmp\/","title":{"rendered":"Shree Ram Twistex IPO Opens: GMP Signals 5% Listing Upside, Traders Eye Early Gains"},"content":{"rendered":"<p data-start=\"406\" data-end=\"827\"><strong data-start=\"406\" data-end=\"432\">Mumbai, Feb 23, 2026 \u2013<\/strong> The mainboard <strong data-start=\"447\" data-end=\"480\">Initial Public Offering (IPO)<\/strong> of <a href=\"http:\/\/shreeramtwistex.com\/\" rel=\"noopener\"><strong data-start=\"484\" data-end=\"509\">Shree Ram Twistex Ltd<\/strong><\/a> has officially opened for subscription today, marking a fresh \u20b9110.24 crore capital raise for the Gujarat\u2011based cotton yarn manufacturer. The launch is generating <strong data-start=\"673\" data-end=\"704\">moderate positive sentiment<\/strong>, with the grey<strong data-start=\"711\" data-end=\"740\">\u00a0market premium (GMP)<\/strong> signaling potential listing gains for investors.<\/p>\n<h2 data-start=\"834\" data-end=\"903\"><strong data-start=\"841\" data-end=\"903\">Key Market Signals \u2013 Price Band, GMP &amp; Subscription Window<\/strong><\/h2>\n<ul data-start=\"905\" data-end=\"1574\">\n<li data-start=\"905\" data-end=\"949\">\n<p data-start=\"907\" data-end=\"949\"><strong data-start=\"907\" data-end=\"926\">IPO Price Band:<\/strong> \u20b995\u2013\u20b9104 per share<\/p>\n<\/li>\n<li data-start=\"950\" data-end=\"1014\">\n<p data-start=\"952\" data-end=\"1014\"><strong data-start=\"952\" data-end=\"967\">Issue Type:<\/strong> 100% <em data-start=\"973\" data-end=\"986\">fresh issue<\/em> of ~1.06\u202fcr equity shares<\/p>\n<\/li>\n<li data-start=\"1015\" data-end=\"1230\">\n<p data-start=\"1017\" data-end=\"1230\"><strong data-start=\"1017\" data-end=\"1047\">GMP (Grey Market Premium):<\/strong> \u2248 \u20b95 (~4.8% premium over upper band)<br data-start=\"1084\" data-end=\"1087\" \/>\u2014 suggesting a possible <strong data-start=\"1113\" data-end=\"1141\">listing price near ~\u20b9109<\/strong> mid\u2011trade before actual subscription data arrives.<\/p>\n<\/li>\n<li data-start=\"1234\" data-end=\"1287\">\n<p data-start=\"1236\" data-end=\"1287\"><strong data-start=\"1236\" data-end=\"1259\">Subscription Dates:<\/strong> <strong data-start=\"1260\" data-end=\"1285\">Feb 23 \u2013 Feb 25, 2026<\/strong><\/p>\n<\/li>\n<li data-start=\"1288\" data-end=\"1335\">\n<p data-start=\"1290\" data-end=\"1335\"><strong data-start=\"1290\" data-end=\"1316\">Allotment Date (est.):<\/strong> <strong data-start=\"1317\" data-end=\"1333\">Feb 26, 2026<\/strong><\/p>\n<\/li>\n<li data-start=\"1336\" data-end=\"1391\">\n<p data-start=\"1338\" data-end=\"1391\"><strong data-start=\"1338\" data-end=\"1360\">Tentative Listing:<\/strong> <strong data-start=\"1361\" data-end=\"1376\">Mar 2, 2026<\/strong> on BSE &amp; NSE<\/p>\n<\/li>\n<li data-start=\"1392\" data-end=\"1475\">\n<p data-start=\"1394\" data-end=\"1475\"><strong data-start=\"1394\" data-end=\"1410\">Minimum Lot:<\/strong> 144 shares (\u20b913,680\u2013\u20b914,976 investment depending on bid price)<\/p>\n<\/li>\n<li data-start=\"1476\" data-end=\"1574\">\n<p data-start=\"1478\" data-end=\"1574\"><strong data-start=\"1478\" data-end=\"1493\">Allocation:<\/strong> 75% QIBs | 15% NIIs | 10% Retail Investors<\/p>\n<\/li>\n<\/ul>\n<h2 data-start=\"1581\" data-end=\"1634\"><strong data-start=\"1588\" data-end=\"1634\">Company Snapshot &amp; Competitive Positioning<\/strong><\/h2>\n<p data-start=\"1636\" data-end=\"1774\">Shree Ram Twistex is a <strong data-start=\"1659\" data-end=\"1683\">B2B textile supplier<\/strong> focused on <strong data-start=\"1695\" data-end=\"1711\">cotton yarns<\/strong>, including compact ring\u2011spun and carded varieties used across:<\/p>\n<ul data-start=\"1776\" data-end=\"1930\">\n<li data-start=\"1776\" data-end=\"1826\">\n<p data-start=\"1778\" data-end=\"1826\"><strong data-start=\"1778\" data-end=\"1789\">Apparel<\/strong> (denim, shirting, sweaters, socks)<\/p>\n<\/li>\n<li data-start=\"1827\" data-end=\"1873\">\n<p data-start=\"1829\" data-end=\"1873\"><strong data-start=\"1829\" data-end=\"1846\">Home textiles<\/strong> (terry towels, sheeting)<\/p>\n<\/li>\n<li data-start=\"1874\" data-end=\"1930\">\n<p data-start=\"1876\" data-end=\"1930\"><strong data-start=\"1876\" data-end=\"1898\">Industrial fabrics<\/strong> (bottom wear, woven products)<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"1932\" data-end=\"2145\">The company\u2019s manufacturing base is in <strong data-start=\"1971\" data-end=\"1998\">Gondal, Rajkot, Gujarat<\/strong>, with <strong data-start=\"2005\" data-end=\"2024\">27,744 spindles<\/strong> and multiple warehouse facilities catering to both domestic millers and exporters.<\/p>\n<h2 data-start=\"2152\" data-end=\"2200\"><strong data-start=\"2159\" data-end=\"2200\">Financial Trajectory &amp; Growth Signals<\/strong><\/h2>\n<p data-start=\"2202\" data-end=\"2233\"><strong data-start=\"2202\" data-end=\"2231\">FY25 Performance vs. FY24:<\/strong><\/p>\n<ul data-start=\"2234\" data-end=\"2386\">\n<li data-start=\"2234\" data-end=\"2277\">\n<p data-start=\"2236\" data-end=\"2277\"><strong data-start=\"2236\" data-end=\"2254\">Total Revenue:<\/strong> \u20b9255 cr (vs \u20b9232 cr)<\/p>\n<\/li>\n<li data-start=\"2278\" data-end=\"2310\">\n<p data-start=\"2280\" data-end=\"2310\"><strong data-start=\"2280\" data-end=\"2288\">PAT:<\/strong> \u20b98 cr (vs \u20b96.55 cr)<\/p>\n<\/li>\n<li data-start=\"2311\" data-end=\"2349\">\n<p data-start=\"2313\" data-end=\"2349\"><strong data-start=\"2313\" data-end=\"2331\">EBITDA Margin:<\/strong> 12.9% (vs 8.6%)<\/p>\n<\/li>\n<li data-start=\"2350\" data-end=\"2386\">\n<p data-start=\"2352\" data-end=\"2386\"><strong data-start=\"2352\" data-end=\"2367\">PAT Margin:<\/strong> 3.14% (vs 2.83%)<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"2388\" data-end=\"2593\">Recent performance trends show <strong data-start=\"2419\" data-end=\"2441\">top\u2011line expansion<\/strong>, improving margins, and increasing profitability\u2014positive signals for risk\u2011adjusted valuation ahead of listing.<\/p>\n<h2 data-start=\"2600\" data-end=\"2658\"><strong data-start=\"2607\" data-end=\"2658\">Use of IPO Proceeds \u2013 EBITDA &amp; Cash Flow Impact<\/strong><\/h2>\n<p data-start=\"2660\" data-end=\"2722\">Net proceeds from the issue will be strategically deployed to:<\/p>\n<ol data-start=\"2724\" data-end=\"2896\">\n<li data-start=\"2724\" data-end=\"2808\">\n<p data-start=\"2727\" data-end=\"2808\"><strong data-start=\"2727\" data-end=\"2770\">Build captive renewable energy capacity<\/strong>\u20146.1\u202fMW solar + 4.2\u202fMW wind plants<\/p>\n<\/li>\n<li data-start=\"2809\" data-end=\"2856\">\n<p data-start=\"2812\" data-end=\"2856\"><strong data-start=\"2812\" data-end=\"2854\">Repay existing borrowings (~\u20b914.89 cr)<\/strong><\/p>\n<\/li>\n<li data-start=\"2857\" data-end=\"2896\">\n<p data-start=\"2860\" data-end=\"2896\"><strong data-start=\"2860\" data-end=\"2884\">Fund working capital<\/strong> (~\u20b944\u202fcr)<\/p>\n<\/li>\n<\/ol>\n<p data-start=\"2898\" data-end=\"3104\">Transitioning part of energy sourcing to renewable assets can materially <em data-start=\"2971\" data-end=\"2989\">lower power cost<\/em>, a key input for spinning operations, driving potential margin improvements.<\/p>\n<h2 data-start=\"3111\" data-end=\"3149\"><strong data-start=\"3118\" data-end=\"3149\">Trader &amp; Investor Takeaways<\/strong><\/h2>\n<h3 data-start=\"3151\" data-end=\"3188\"><strong data-start=\"3151\" data-end=\"3188\">Why Traders Should Watch This IPO<\/strong><\/h3>\n<ul data-start=\"3190\" data-end=\"3656\">\n<li data-start=\"3190\" data-end=\"3357\">\n<p data-start=\"3192\" data-end=\"3357\"><strong data-start=\"3192\" data-end=\"3205\">GMP at \u20b95<\/strong> indicates early <strong data-start=\"3222\" data-end=\"3260\">listing premium expectations (~5%)<\/strong>, a moderately bullish signal in the micro\u2011cap IPO space.<\/p>\n<\/li>\n<li data-start=\"3358\" data-end=\"3508\">\n<p data-start=\"3360\" data-end=\"3508\"><strong data-start=\"3360\" data-end=\"3427\">Valuation at the upper band implies a ~\u20b9416 cr pre-issue market cap<\/strong>, feasible for B2B niche textile players.<\/p>\n<\/li>\n<li data-start=\"3509\" data-end=\"3656\">\n<p data-start=\"3511\" data-end=\"3656\"><strong data-start=\"3511\" data-end=\"3560\">Renewable energy investments and debt reduction<\/strong> support future <em data-start=\"3576\" data-end=\"3599\">profit sustainability<\/em> and cost leverage.<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"3658\" data-end=\"3678\"><strong data-start=\"3658\" data-end=\"3678\">Risks to Monitor<\/strong><\/h3>\n<ul data-start=\"3680\" data-end=\"4000\">\n<li data-start=\"3680\" data-end=\"3825\">\n<p data-start=\"3682\" data-end=\"3825\">The retail quota is only <strong data-start=\"3703\" data-end=\"3710\">10%<\/strong>, limiting retail stock allocation and potentially skewing demand dynamics.<\/p>\n<\/li>\n<li data-start=\"3826\" data-end=\"4000\">\n<p data-start=\"3828\" data-end=\"4000\">Micro-cap IPOs historically show <em data-start=\"3861\" data-end=\"3893\">volatile subscription patterns<\/em>, and actual subscription rates (retail\/HNI) will ultimately determine allotment and list-day price action.<\/p>\n<\/li>\n<\/ul>\n<h2 data-start=\"4007\" data-end=\"4049\"><strong data-start=\"4014\" data-end=\"4049\">Quick Snapshot (For WP Infobox)<\/strong><\/h2>\n<div class=\"TyagGW_tableContainer\">\n<div class=\"group TyagGW_tableWrapper flex flex-col-reverse w-fit\" tabindex=\"-1\">\n<table class=\"w-fit min-w-(--thread-content-width)\" data-start=\"4051\" data-end=\"4490\">\n<thead data-start=\"4051\" data-end=\"4078\">\n<tr data-start=\"4051\" data-end=\"4078\">\n<th class=\"\" data-start=\"4051\" data-end=\"4067\" data-col-size=\"sm\">IPO Attribute<\/th>\n<th class=\"\" data-start=\"4067\" data-end=\"4078\" data-col-size=\"md\">Details<\/th>\n<\/tr>\n<\/thead>\n<tbody data-start=\"4107\" data-end=\"4490\">\n<tr data-start=\"4107\" data-end=\"4141\">\n<td data-start=\"4107\" data-end=\"4124\" data-col-size=\"sm\"><strong data-start=\"4109\" data-end=\"4123\">Issue Size<\/strong><\/td>\n<td data-start=\"4124\" data-end=\"4141\" data-col-size=\"md\">\u20b9110.24 crore<\/td>\n<\/tr>\n<tr data-start=\"4142\" data-end=\"4173\">\n<td data-start=\"4142\" data-end=\"4159\" data-col-size=\"sm\"><strong data-start=\"4144\" data-end=\"4158\">Price Band<\/strong><\/td>\n<td data-start=\"4159\" data-end=\"4173\" data-col-size=\"md\">\u20b995 \u2013 \u20b9104<\/td>\n<\/tr>\n<tr data-start=\"4174\" data-end=\"4197\">\n<td data-start=\"4174\" data-end=\"4190\" data-col-size=\"sm\"><strong data-start=\"4176\" data-end=\"4189\">GMP Today<\/strong><\/td>\n<td data-start=\"4190\" data-end=\"4197\" data-col-size=\"md\">~\u20b95<\/td>\n<\/tr>\n<tr data-start=\"4198\" data-end=\"4227\">\n<td data-start=\"4198\" data-end=\"4213\" data-col-size=\"sm\"><strong data-start=\"4200\" data-end=\"4212\">Lot Size<\/strong><\/td>\n<td data-start=\"4213\" data-end=\"4227\" data-col-size=\"md\">144 shares<\/td>\n<\/tr>\n<tr data-start=\"4228\" data-end=\"4260\">\n<td data-start=\"4228\" data-end=\"4249\" data-col-size=\"sm\"><strong data-start=\"4230\" data-end=\"4248\">Minimum Investment<\/strong><\/td>\n<td data-start=\"4249\" data-end=\"4260\" data-col-size=\"md\">~\u20b914.9k<\/td>\n<\/tr>\n<tr data-start=\"4261\" data-end=\"4312\">\n<td data-start=\"4261\" data-end=\"4287\" data-col-size=\"sm\"><strong data-start=\"4263\" data-end=\"4286\">Subscription Window<\/strong><\/td>\n<td data-start=\"4287\" data-end=\"4312\" data-col-size=\"md\">Feb 23 \u2013 Feb 25, 2026<\/td>\n<\/tr>\n<tr data-start=\"4313\" data-end=\"4352\">\n<td data-start=\"4313\" data-end=\"4336\" data-col-size=\"sm\"><strong data-start=\"4315\" data-end=\"4335\">Allotment (Est.)<\/strong><\/td>\n<td data-start=\"4336\" data-end=\"4352\" data-col-size=\"md\">Feb 26, 2026<\/td>\n<\/tr>\n<tr data-start=\"4353\" data-end=\"4390\">\n<td data-start=\"4353\" data-end=\"4375\" data-col-size=\"sm\"><strong data-start=\"4355\" data-end=\"4374\">Listing (Tent.)<\/strong><\/td>\n<td data-start=\"4375\" data-end=\"4390\" data-col-size=\"md\">Mar 2, 2026<\/td>\n<\/tr>\n<tr data-start=\"4391\" data-end=\"4417\">\n<td data-start=\"4391\" data-end=\"4410\" data-col-size=\"sm\"><strong data-start=\"4393\" data-end=\"4409\">Retail Quota<\/strong><\/td>\n<td data-start=\"4410\" data-end=\"4417\" data-col-size=\"md\">10%<\/td>\n<\/tr>\n<tr data-start=\"4418\" data-end=\"4490\">\n<td data-start=\"4418\" data-end=\"4437\" data-col-size=\"sm\"><strong data-start=\"4420\" data-end=\"4436\">Use of Funds<\/strong><\/td>\n<td data-start=\"4437\" data-end=\"4490\" data-col-size=\"md\">Renewable energy, debt repayment, working capital<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2 data-start=\"241\" data-end=\"464\">Frequently Asked Questions<\/h2>\n<p data-start=\"241\" data-end=\"464\"><strong data-start=\"241\" data-end=\"300\">Q1: When does the Shree Ram Twistex IPO open and close?<\/strong><br data-start=\"300\" data-end=\"303\" \/>The IPO opens on <strong data-start=\"327\" data-end=\"343\">Feb 23, 2026<\/strong>, and closes on <strong data-start=\"359\" data-end=\"375\">Feb 25, 2026<\/strong>. Allotment is expected on <strong data-start=\"402\" data-end=\"418\">Feb 26, 2026<\/strong>, with tentative listing on <strong data-start=\"446\" data-end=\"461\">Mar 2, 2026<\/strong>.<\/p>\n<p data-start=\"466\" data-end=\"658\"><strong data-start=\"466\" data-end=\"510\">Q2: What is the price band and lot size?<\/strong><br data-start=\"510\" data-end=\"513\" \/>The price band is <strong data-start=\"538\" data-end=\"559\">\u20b995\u2013104 per share<\/strong>. The minimum retail lot is <strong data-start=\"583\" data-end=\"597\">144 shares<\/strong>, implying an investment of <strong data-start=\"625\" data-end=\"637\">~\u20b914,976<\/strong> at the upper band.<\/p>\n<p data-start=\"660\" data-end=\"844\"><strong data-start=\"660\" data-end=\"714\">Q3: What is the current grey market premium (GMP)?<\/strong><br data-start=\"714\" data-end=\"717\" \/>GMP is trading at around <strong data-start=\"749\" data-end=\"755\">\u20b95<\/strong>, suggesting a potential <strong data-start=\"780\" data-end=\"807\">listing price near \u20b9109<\/strong>, indicating early market optimism.<\/p>\n<p data-start=\"846\" data-end=\"997\"><strong data-start=\"846\" data-end=\"883\">Q4: How is the IPO quota divided?<\/strong><br data-start=\"883\" data-end=\"886\" \/>Allocation is 75%<strong data-start=\"908\" data-end=\"920\">\u00a0QIBs<\/strong>, <strong data-start=\"922\" data-end=\"964\">15% Non-Institutional Investors (NIIs)<\/strong>, and <strong data-start=\"970\" data-end=\"994\">10% Retail Investors<\/strong>.<\/p>\n<p data-start=\"999\" data-end=\"1081\"><strong data-start=\"999\" data-end=\"1047\">Q5: What is the purpose of the IPO proceeds?<\/strong><br data-start=\"1047\" data-end=\"1050\" \/>Funds will be used to:<\/p>\n<ul data-start=\"1082\" data-end=\"1207\">\n<li data-start=\"1082\" data-end=\"1136\">\n<p data-start=\"1084\" data-end=\"1136\">Build <strong data-start=\"1090\" data-end=\"1119\">renewable energy capacity<\/strong> (solar &amp; wind)<\/p>\n<\/li>\n<li data-start=\"1137\" data-end=\"1168\">\n<p data-start=\"1139\" data-end=\"1168\"><strong data-start=\"1139\" data-end=\"1153\">Repay debt<\/strong> (~\u20b914.89 cr)<\/p>\n<\/li>\n<li data-start=\"1169\" data-end=\"1207\">\n<p data-start=\"1171\" data-end=\"1207\"><strong data-start=\"1171\" data-end=\"1195\">Fund working capital<\/strong> (~\u20b944\u202fcr)<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"1209\" data-end=\"1458\"><strong data-start=\"1209\" data-end=\"1261\">Q6: Who should consider subscribing to this IPO?<\/strong><br data-start=\"1261\" data-end=\"1264\" \/>Traders looking for <strong data-start=\"1291\" data-end=\"1319\">short-term listing gains<\/strong> due to positive GMP and investors focusing on <strong data-start=\"1367\" data-end=\"1455\">micro-cap textile companies with margin improvement and renewable energy integration<\/strong>.<\/p>\n<p data-start=\"1460\" data-end=\"1628\"><strong data-start=\"1460\" data-end=\"1491\">Q7: What are the key risks?<\/strong><br data-start=\"1491\" data-end=\"1494\" \/>Micro-cap<a href=\"https:\/\/www.niftytrader.in\/ipo\"> IPO<\/a> volatility, the limited <strong data-start=\"1535\" data-end=\"1555\">10% retail quota<\/strong>, and market subscription patterns can affect listing-day price action.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai, Feb 23, 2026 \u2013 The mainboard Initial Public Offering (IPO) of Shree Ram Twistex Ltd has officially opened for subscription today, marking a fresh \u20b9110.24 crore capital raise for the Gujarat\u2011based cotton yarn manufacturer. The launch is generating moderate positive sentiment, with the grey\u00a0market premium (GMP) signaling potential listing gains for investors. Key Market [&hellip;]<\/p>\n","protected":false},"author":11,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1367],"tags":[],"ppma_author":[1523],"class_list":{"0":"post-21872","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ipo-news"}," _eael_post_view_count":0,"authors":[{"term_id":1523,"user_id":11,"is_guest":0,"slug":"nikki","display_name":"Nikki Lodha","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/ae2e265bd56e0e890c866fbaa55d29846ba20cc5372adf666652268816af117e?s=96&d=mm&r=g","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/21872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=21872"}],"version-history":[{"count":2,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/21872\/revisions"}],"predecessor-version":[{"id":21878,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/21872\/revisions\/21878"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/21874"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=21872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=21872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=21872"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=21872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}