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₹104 - 104
Shree Ram Twistex Ltd
TextilesIPO
₹104 - 104
We are engaged in the manufacturing of Cotton Yarns, including Compact Ring Spun and Carded Yarns, both Combed and Carded. Our product range also includes value-added yarns such as Eli Twist (Combed and Carded), Compact Slub Yarns, and Lycra-Blended Yarns. Our Yarns are used in both knitting and weaving, serving a broad range of end-use segments such as denim, terry towels, shirting, sheeting, sweaters, socks, bottom wear, home textiles, and industrial fabrics.
Lot144Min Invest₹14,976Face Value₹10Issue Size₹110 CrFresh Issue₹110 CrListing Price₹68CMP₹35
Timeline
23 Feb
Bidding opens
25 Feb
Bidding closes
26 Feb
Allotment
27 Feb
Refund & demat credit
2 Mar
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹110 Cr1.06 Cr shares
Fresh Issue₹110 Cr
Face Value₹10
Lot Size144 shares
ReservationQIB 75% · NII 15% · RETAIL 10%
Application Sizes
Retail₹14,9761-13 lots
sNII₹2,09,664from 14 lots
bNII₹10,03,392from 67 lots
Managers & Registrar
Lead ManagerInteractive Financial Services Limited
RegistrarBigshare Services Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group47.07%34.59%Public52.93%65.41%
Objects of the Issue
- Funding for setting up of 6.1 MW Solar Power Plant for captive use
- Funding for setting up of 4.2 MW Wind Power Plant for captive use
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company
- Funding the working capital requirements of our Company
- General corporate purposes
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|---|
| RevenueCr | 213 | 232 | 253 | 273 | 370 |
| Operating ProfitCr | 17 | 20 | 21 | 33 | 31 |
| OPM% | 8.1 | 8.8 | 8.3 | 12.1 | 8.5 |
| PBTCr | 5 | 10 | 9 | 17 | 14 |
| PATCr | 2 | 7 | 8 | 14 | 15 |
| EPS | 1 | 2 | 3 | 5 | 5 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|---|
| Equity CapitalCr | 12 | 29 | 29 | 40 | 40 |
| ReservesCr | 49 | 37 | 45 | 159 | 167 |
| BorrowingsCr | 56 | 67 | 62 | 30 | 52 |
| Fixed AssetsCr | - | - | 68 | 78 | - |
| Total AssetsCr | 136 | 154 | 194 | 309 | 375 |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|---|
| Operating Cash FlowCr | 10 | -5 | 24 | -23 | - |
| Investing Cash FlowCr | -5 | -2 | -12 | -11 | - |
| Financing Cash FlowCr | -5 | 7 | -11 | 67 | - |
| Net Cash FlowCr | 0 | 0 | 0 | 34 | - |
Strengths & Risks
Strengths · as stated in the DRHP
- Fully integrated spinning infrastructure with modern technologies to support a diversified and value added product portfolio.
- Long standing relationships with key customers and are supported by a network of brokers and agents.
- Strategically located manufacturing facility with adequate storage facility and scope for future expansion.
- Track Record of healthy growth.
- Strong Promoters and Experienced Management Team.
- The Company operates through fully integrated spinning facility enabling all key stages of yarn production under one roof, from procurement of raw cotton to finished yarn packaging.
Strategies · as stated in the DRHP
- Setting up Ground mounted solar power plant and windmill for captive use.
- Working capital optimization.
- Maintain and expand long-term relationships with customers and brokers.
- Operational Efficiency and Manufacturing Excellence.
- Focus on rationalizing our indebtedness.
Risks · as stated in the DRHP
- A major portion of its revenue from operations is dependent upon a limited number of customers and the loss of any of these customers or loss of revenue from any of these customers could have a material adverse effect on the company's business, financial condition, results of operations and cash flows.
- The company's Manufacturing Facility and Registered Office are located in Gujarat, and a significant portion of its revenue is also derived from this state. As a result, the company is exposed to geographic concentration risks that may adversely affect its operations, financial condition, and results of operations.
- The company is dependents on a limited number of suppliers for procurement of cotton bales, the company's principal raw material, and any disruption in supply or adverse movement in cotton prices may materially affect its business, results of operations, and financial condition.
- The company is subject to stringent quality requirements from its institutional buyers and end-use industries. Any failures to meet prescribed quality specifications may result in product rejections, loss of customer confidence, and reputational damage, which could adversely affect its business and results of operations.
- If the company is unable to accurately forecast customer demand and maintain optimal inventory levels of cotton bales and finished yarn, the company's business, results of operations, and financial condition may be adversely affected.
- The company relies significantly on brokers and agents for the sale of our yarn. Any disruption in our relationships with such intermediaries or failures to manage their performance may adversely affect its business, results of operations, and financial condition.