Shree Ram Twistex IPO: Check GMP, Price Band, Peer Analysis and More

Synopsis: Shree Ram Twistex Limited launches its IPO, comprising a complete fresh issue to fund renewable energy projects, debt reduction, and working capital, reflecting steady revenue growth but exposure to cyclical textile sector risks.

Shree Ram Twistex Limited is coming up with its Initial Public Offering (IPO) to raise capital for setting up a solar power plant & wind power plant, repayment of debt, working capital requirements, and general corporate purposes. The IPO comprises entirely a fresh issue of 1.06 crore equity shares. The total offer size aggregates up to Rs. X crore.

The IPO opens on February 23, 2026, and closes on February 25, 2026. The shares will be listed on NSE and BSE on Monday, March 02, 2026. Here’s everything you need to know.

GMP of Shree Ram Twistex Limited IPO

As of February 20, 2026, the shares of Shree Ram Twistex Limited in the grey market were trading at a 4.81 percent premium. The shares in the Grey Market traded at Rs. 109. This gives it a premium of Rs. 5 per share over the cap price of Rs. 104.

Shree Ram Twistex Limited manufactures cotton yarn used to make many everyday textile products. The company produces compact ring-spun yarn and carded yarn in both combed and carded forms. Textile makers use these yarns for denim, towels, shirts, bed sheets, sweaters, socks, and home textiles. It also offers value-added yarns like Eli Twist yarn, compact slub yarn, and Lycra-blended yarn. 

The company operates on a business-to-business model and supplies textile manufacturers and garment exporters. It sells across Gujarat, Rajasthan, West Bengal, Maharashtra, Tamil Nadu, Madhya Pradesh, Punjab, and Dadra and Nagar Haveli. It also exports internationally, which expands its customer base.

Shree Ram Twistex Limited’s manufacturing facility sits in Gondal, Rajkot, Gujarat. The plant runs 17 compact ring-spinning machines with 27,744 spindles. The company maintains five warehouses with a total storage capacity of 9,855 MT. Two warehouses store raw materials, two store finished goods, and one supports general storage. This setup helps maintain smooth production and timely delivery.

Promoters of Shree Ram Twistex Limited

Shree Ram Twistex Limited’s promoters include Bhaveshbhai Bhikhubhai Ramani, Jay Atulbhai Tilala, and Nidhi Bhaveshbhai Kothari. They actively manage operations and strategy. They bring industry experience in textile manufacturing and financial discipline. 

The promoters continue to hold a significant stake after the issue. This IPO is a completely fresh issue without an offer for sale. No promoter or shareholder is selling equity in this offering.

Lead Managers of Shree Ram Twistex Limited IPO

Interactive Financial Services Limited acts as the book-running lead manager. Bigshare Services Private Limited acts as the registrar to the issue. These intermediaries manage bidding, allotment, and investor coordination. They ensure regulatory compliance during the IPO process.

Objectives of Shree Ram Twistex Limited IPO Offer

Shree Ram Twistex Limited’s IPO proposes to utilize the net proceeds for multiple key objectives focused on energy efficiency and growth. The company will allocate about Rs. 7.85 crore to set up a 6.1 MW solar power plant for captive use and Rs. 39 crore to establish a 4.2 MW wind power plant. These investments aim to reduce energy costs and support sustainable operations.

Additionally, around Rs. 14.89 crore will be used for repayment or prepayment of certain borrowings, helping improve the company’s financial position. The company will also allocate Rs. 44 crore toward funding its working capital requirements to support daily operations and business expansion. The remaining funds will be used for general corporate purposes to strengthen overall operations and support long-term growth.

Financials

Coming into financial highlights, Shree Ram Twistex Limited’s consolidated revenue from operations has increased from Rs. 231.59 crore in FY24 to Rs. 255.04 crore in FY25, which represents a growth of 10.13 percent. The net profit has also grown by 22.14 percent from Rs. 6.55 crore in FY24 to Rs. 8 crore in FY25.

In the six months of FY 2025-26, Shree Ram Twistex Limited has reported a consolidated revenue from operations of Rs. 132.08 crore and a net profit of Rs. 7 crore. Shree Ram Twistex Limited has a PAT Margin of 5.30 percent and an EBITDA Margin of 12.90 percent.

Further, Shree Ram Twistex Limited’s revenue and net profit have grown at a CAGR of 9.4 percent and 97.46 percent, respectively, over the last two years. 

In terms of return ratios, the company’s ROCE and RoNW stand at 10.74 percent and 9.05 percent, respectively. Shree Ram Twistex Limited has an earnings per share (EPS) of Rs. 2.72, and its debt-to-equity ratio is 0.75x.

Shree Ram Twistex Limited vs Peers

Shree Ram Twistex Limited reported total income of about Rs. 256.32 crore with a Return on Net Worth (RoNW) of 10.80 percent. In comparison, Ambika Cotton Mills Limited recorded total income of around Rs. 728.58 crore and a RoNW of 7.46 percent. 

Additionally, Damodar Industries Limited posted a total income of approximately Rs. 446.65 crore, while Rajapalayam Mills Limited reported about Rs. 924.06 crore in total income, though both peers showed weaker return ratios.

Shree Ram Twistex Limited’s net asset value per share stands at Rs. 23.97. This compares with Rs. 1,539.69 for Ambika Cotton Mills Limited, Rs. 56.62 for Damodar Industries Limited, and Rs. 495.33 for Rajapalayam Mills Limited.

Strengths of Shree Ram Twistex Limited

• The company operates a focused cotton yarn manufacturing business with operational efficiency.
• It maintains disciplined working capital management, supporting stable cash flow generation.
• Promoters bring deep textile industry experience and long-term strategic execution capability.
• The company demonstrates improving profitability with consistent EBITDA margin expansion trends.
• Customer concentration remains diversified across multiple textile buyers, reducing dependency risks.

Weaknesses of Shree Ram Twistex Limited

• The company operates in a cyclical textile sector sensitive to raw cotton prices.
• Revenue depends heavily on domestic textile demand and export market fluctuations.
• The company faces competition from larger integrated textile manufacturers with scale advantages.
• Working capital intensity remains high due to inventory and receivable requirements.
• Profit margins remain vulnerable to energy cost volatility and input price swings.

Shree Ram Twistex Limited IPO offers exposure to India’s cotton yarn manufacturing sector. The company shows improving profitability and disciplined operations. Investors should evaluate sector risks and financial trends carefully. The IPO suits investors comfortable with textile industry cycles and mid-cap growth potential.

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