Shree Ram Twistex Ltd’s initial public offering witnessed robust investor participation, closing with an overall subscription of 43.66 times on Wednesday, February 25.The ₹110.24 crore IPO received bids for 46,28,41,632 shares against 1,06,00,000 shares on offer, according to NSE data, reflecting strong demand across investor categories.
NII Segment Drives Oversubscription
The non-institutional investors (NII) category led the demand, recording a staggering 220.30 times subscription.Retail participation was also strong, with the Retail Individual Investors (RIIs) segment subscribed 76.63 times.
Meanwhile, the Qualified Institutional Buyers (QIBs) portion saw a comparatively moderate but healthy subscription of 3.94 times.
Issue Structure and Pricing
The IPO is entirely a fresh issue of up to 1,06,00,000 equity shares, with no offer-for-sale component.The company fixed the price band at ₹95–104 per share for the public issue.
Interactive Financial Services Ltd acted as the book-running lead manager for the offer.
Company Profile
Shree Ram Twistex Ltd operates in the cotton yarn segment and is engaged in the production of high-quality yarn. The strong subscription levels indicate significant investor interest in the textile manufacturer’s growth prospects.IPO Snapshot
- Issue Size: ₹110.24 crore
- Fresh Issue: 1,06,00,000 equity shares
- Price Band: ₹95–104 per share
- Overall Subscription: 43.66 times
- NII: 220.30 times
- Retail: 76.63 times
- QIB: 3.94 times
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