Shree Ram Twistex is entering the public markets through Mainboard IPO with an issue size of ₹110.24 crore. The issue consists of a fresh issue of equity shares. The shares are proposed to be listed on NSE & BSE.
The IPO subscription window opens on February 23, 2026 and will remain open until February 25, 2026. The company plans to list its shares on March 2, 2026. Since this is a Mainboard IPO, participation is expected from a wide range of investors.
The book-running lead managers for the Shree Ram Twistex IPO are Interactive Financial Services. The registrar for this IPO is BigShare Services Private Limited.
Shree Ram Twistex Limited IPO Timeline
IPO Quick Facts
This section covers the main IPO details of Shree Ram Twistex that investors generally review before applying.
IPO Details at a Glance
| Company Name | Shree Ram Twistex |
|---|---|
| IPO Segment | Mainboard |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Price | ₹95 – ₹104 Per Share |
| Lot Size | 144 Shares |
| Face Value | ₹10 Per Share |
| Exchange | NSE & BSE |
IPO Documents
| RHP | DRHP |
|---|---|
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Shree Ram Twistex IPO Important Dates
The following table highlights the key dates for the Shree Ram Twistex IPO, covering the subscription period and the expected listing timeline.
| IPO Opening Date | 23 Feb 2026 |
|---|---|
| IPO Closing Date | 25 Feb 2026 |
| Allotment Finalization | 26 Feb 2026 |
| Initiation of Refunds | 27 Feb 2026 |
| Credit of Shares | 27 Feb 2026 |
| IPO Listing Date | 02 Mar 2026 |
Shree Ram Twistex IPO Size & Structure
| Total IPO Size | ₹110.24 Crore |
|---|---|
| Fresh Issue | ₹110.24 Crore |
Shree Ram Twistex IPO Lot Size & Minimum Investment
The table below shows the lot size and investment amount for the Shree Ram Twistex IPO, calculated using the cut-off price. The price band for this IPO ranges from ₹95 to ₹104 per share.
Investors can apply for the IPO with a minimum of 144 shares. Applications must be made in multiples of 144 shares.
- Retail investors can apply from 1 lot to 13 lots.
- Small HNI (SHNI) investors must apply for at least 14 lots.
- Big HNI (BHNI) investors need to apply for a minimum of 67 lots.
This information helps investors understand the minimum investment required before applying for the IPO.
Note: Retail investors generally apply at the cut-off price, which is ₹104 per share.
| Category | Lots | Shares | Price | Amount |
|---|---|---|---|---|
| Retail (Min) | 1 | 144 | ₹104 | ₹14,976 |
| Retail (Max) | 13 | 1,872 | ₹104 | ₹194,688 |
| S-HNI (Min) | 14 | 2,016 | ₹104 | ₹209,664 |
| S-HNI (Max) | 66 | 9,504 | ₹104 | ₹988,416 |
| B-HNI | 67 | 9,648 | ₹104 | ₹1,003,392 |
Shree Ram Twistex IPO GMP (Grey Market Premium)
The latest Shree Ram Twistex IPO GMP (Grey Market Premium), along with Kostak rates and Subject to Sauda rates, helps in understanding market sentiment. The current Shree Ram Twistex IPO GMP is ₹-20 (-19.23%), compared to the IPO issue price of ₹104. Based on the current GMP, the expected listing price is around ₹84. The Lowest GMP was ₹-20 on 28 Feb 2026, while the highest GMP reached ₹16 on 25 Feb 2026.
Shree Ram Twistex IPO was listed on the stock exchange on 02 Mar 2026. The IPO was subscribed 43.53 times. The first reported GMP was ₹0 (0%), while the latest recorded GMP stood at ₹-20 (-19.23%).Listing Details:
- Issue Price: ₹104 per share.
- Listing Price: ₹70.00 (approx. 32.69% discount)
- Listing Date: 02 Mar 2026
Shree Ram Twistex IPO GMP Today - Trend Analysis
| Date | Issue Price (₹) | GMP Price (₹) | Estimated Gain (%) | Estimated Price (₹) | Estimated Profit (₹) |
|---|---|---|---|---|---|
| 28 Feb 2026 | ₹104 | ₹-20 | -19.23% | ₹84 | ₹-2,880 |
| 27 Feb 2026 | ₹104 | ▼ ₹-20 | ▼ -19.23% | ₹84 | ₹-2,880 |
| 26 Feb 2026 | ₹104 | ▼ ₹-11 | ▼ -10.58% | ₹93 | ₹-1,584 |
| 25 Feb 2026 | ₹104 | ▲ ₹16 | ▲ 15.38% | ₹120 | ₹2,304 |
| 24 Feb 2026 | ₹104 | ▲ ₹9 | ▲ 8.65% | ₹113 | ₹1,296 |
| 23 Feb 2026 | ₹104 | ₹5 | 4.81% | ₹109 | ₹720 |
| 21 Feb 2026 | ₹104 | ₹5 | 4.81% | ₹109 | ₹720 |
| 20 Feb 2026 | ₹104 | ₹5 | 4.81% | ₹109 | ₹720 |
| 19 Feb 2026 | ₹104 | ▲ ₹5 | ▲ 4.81% | ₹109 | ₹720 |
| 18 Feb 2026 | ₹104 | ▼ ₹4 | ▼ 3.85% | ₹108 | ₹576 |
| 17 Feb 2026 | ₹104 | ▲ ₹5 | ▲ 4.81% | ₹109 | ₹720 |
| 16 Feb 2026 | ₹104 | ₹0 | 0% | ₹104 | ₹0 |
| 14 Feb 2026 | ₹104 | ₹0 | 0% | ₹104 | ₹0 |
Shree Ram Twistex IPO GMP gives retail and institutional investors an idea about short-term market expectations. Although grey market premium does not guarantee listing performance, it is still commonly referred to while analysing IPOs. Investors are advised to look at Shree Ram Twistex fundamentals along with IPO GMP data before making any investment decision.
GMP Disclaimer: GMP (Grey Market Premium) prices are unofficial and only reflect market sentiment. We neither participate in grey-market trading nor encourage it. Investors are strongly advised to review the company’s fundamentals, risks, and official documents before considering an investment in the Shree Ram Twistex IPO.
Shree Ram Twistex IPO Subscription Status
Shree Ram Twistex IPO was subscribed 43.53 times overall on the final day of bidding (as of 25 Feb 2026).The subscription opened on 23 Feb 2026. The Retail portion was subscribed 75.51 times, while QIB and NII categories were subscribed 3.94 times and 220.13 times respectively.
Subscription by Category (QIB, NII, Retail, Employee)
Daily Subscription Trend (Day-wise):
| Date | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| 23 Feb 2026 | — | — | — | — | 0.12x |
| 24 Feb 2026 | — | 2.7x | 3.47x | — | 0.75x |
| 25 Feb 2026 | 3.94x | 220.13x | 75.51x | — | 43.53x |
The Shree Ram Twistex IPO opened with strong demand on Day-1, supported by active participation from QIB and NII investors.
On Day-2, subscription levels for the Shree Ram Twistex IPO rose sharply due to heavy bidding from Retail, followed by NII investors.
By the end of the bidding period, the IPO was subscribed 43.53x overall, reflecting strong demand from key investor categories, led by NII, followed by Retail and QIB investors. Overall subscription for the Shree Ram Twistex IPO increased from 0.12x on Day-1 to 43.53x by the final day.
Shree Ram Twistex IPO Final Subscription
| Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | 3.94x |
| Non-Institutional Investors (NII) | 220.26x |
| Retail Investors | 76.26x |
| Total | 43.62x |
Shree Ram Twistex IPO Allotment Status
The Shree Ram Twistex IPO allotment status was released on 26 Feb 2026. Investors who applied for the IPO can now check their Shree Ram Twistex allotment status online through the official registrar website and NSE / BSE portal.
- 🗓 Allotment Date: 26 Feb 2026
- 📈 Listing Date: 02 Mar 2026
How to Check Shree Ram Twistex IPO Allotment Status Online?
Investors can check the Shree Ram Twistex IPO allotment status online through BigShare Services Private Limited, NSE and BSE websites. All platforms provide easy access to the IPO allotment details.
Just follow the below mentioned steps to check your allotment status.You can also visit
BigShare Services
to know more about the IPO registrar.
Check on BigShare Services Private Limited (IPO Registrar)
- Visit → BigShare Services Private Limited
- Select Shree Ram Twistex
- Select Application No / CAF No / Beneficiary ID / PAN Number
- Enter the relevant details and CAPTCHA to proceed further
- Click Search to view allotment status
Check on NSE (National Stock Exchange) Website
- Go to → NSE Website
- Select Equity & SME IPO Bid Details.
- Choose Shree Ram Twistex IPO.
- Enter your PAN & Application Number.
- Click on Submit button.
The National Stock Exchange (NSE) provides an online facility to check the Shree Ram Twistex IPO allotment status.
Check on BSE (Bombay Stock Exchange) Website
- Visit → BSE Website.
- Select Issue Type: Equity.
- Choose Shree Ram Twistex IPO.
- Enter your PAN or Application Number.
- Click on Search button.
The Bombay Stock Exchange (BSE) also allows investors to check the Shree Ram Twistex IPO allotment status online.
Note: Allotment status is published only on the official registrar websites. We do not collect investor data or provide allotment verification directly.
How to Apply for Shree Ram Twistex IPO?
Login to Your Trading App
Open your trading app such as Angel One, Zerodha, Upstox, Groww or any brokerage app.
Go to the IPO Section
Navigate to the IPO section in the app, search for the IPO, and enter your bid details.
Enter Your UPI ID
Provide your UPI ID that is linked to your bank account for payment authentication.
Approve the Mandate
Open your UPI app and approve the payment mandate to block the required amount.
Application Confirmation
Application submitted successfully, the funds will remain blocked until allotment is finalized.
Shree Ram Twistex IPO Listing Analysis
Below is a quick summary of the Shree Ram Twistex IPO issue price, listing price, and listing gain on BSE and NSE.
| IPO Status | Issue Price | Listing Price | Listing Gain |
|---|---|---|---|
| Listed (BSE) | ₹104 | ₹70 | ▼ -32.69% |
| Listed (NSE) | ₹104 | ₹68 | ▼ -34.62% |
Shree Ram Twistex made a weak debut on the stock market on 02 Mar 2026, listing at ₹70, which was -₹34 lower (-32.69%) than its IPO issue price of ₹104. This indicated a negative listing sentiment, and IPO investors faced an immediate notional loss on debut.
Selling pressure continued throughout the session, and the stock slipped further by +4.93% from the listing price, closing at ₹73.45. From the IPO issue price, this translated into a total decline of -₹31 per share (-29.38%) by the end of the day.
For investors who were allotted one lot of 144 shares, the investment of ₹14,976 reduced to ₹10,577. Investors booked an overall loss of -₹4,399 per lot on the listing day.
📌 IPO Issue Price and Lot Size
The IPO of Shree Ram Twistex was offered in the price band of ₹95 to ₹104 per share.
- The final issue price was fixed at ₹104.
- One lot consisted of 144 shares.
- Minimum investment: ₹104 × 144 = ₹14,976
- Investment after Day-1: ₹73.45 × 144 = ₹10,577
- By the end of the listing session, investors faced a loss of -₹4,399 per lot.
📌 IPO Subscription Analysis
Despite achieving an overall subscription of 43.53×, supported by strong QIB demand of 3.94×, the IPO failed to convert healthy investor interest into positive listing returns. The stock debuted at -32.69% and closed at -29.38%, indicating weak post-listing confidence.
| Day | QIB | NNI | Retail | Total |
|---|---|---|---|---|
| Day 1 | 0x | 0x | 0x | 0.12x |
| Day 2 | 0x | 2.7x | 3.47x | 0.75x |
| Day 3 | 3.94x | 220.13x | 75.51x | 43.53x |
📌 Final Assessment
Overall Outcome: Below Expectations IPO
- Subscription Phase: High investor participation
- Listing Phase: Weak listing performance
- Investor Experience: Negative short-term experience
IPO Financial Summary
- Total Assets changed by 25.86% in FY 2024-2025.
- Total Revenue changed by 10.62% in FY 2024-2025.
- Profit After Tax changed by 22.14% in FY 2024-2025.
- Reserves & Surplus changed by 19.35% in FY 2024-2025.
- Total Borrowings changed by -6.8% in FY 2024-2025.
| Metric | 2025-09-30 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Total Assets (₹ Cr) | 217.44 | 194.20 | 154.30 | 135.71 |
| Total Revenue (₹ Cr) | 132.27 | 256.32 | 231.72 | 213.58 |
| Profit After Tax (₹ Cr) | 7.00 | 8.00 | 6.55 | 2.05 |
| Reserves & Surplus (₹ Cr) | 51.33 | 44.66 | 37.42 | 49.36 |
| Total Borrowings (₹ Cr) | 60.70 | 62.48 | 67.04 | 55.70 |
Utilisation of Proceeds
The Company proposes to utilise the net IPO proceeds of approximately ₹105.74 crore towards the following objectives:
| # | Purpose | Amount (₹ Cr) | % of Total |
|---|---|---|---|
| 1 | Funding for setting up of 6.1 MW Solar Power Plant for captive use | 7.85 | 7.42% |
| 2 | Funding for setting up of 4.2 MW Wind Power Plant for captive use | 39.00 | 36.88% |
| 3 | Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company | 14.89 | 14.08% |
| 4 | Funding the working capital requirements of our Company | 44.00 | 41.61% |
| Total | 105.74 | 100% | |
Shree Ram Twistex IPO Promoter Holding
| Promoter(s) | Bhaveshbhai Bhikhumbhai Ramani, Jay Atulbhai Tilala, and Nidhi Bhaveshbhai Kothari |
|---|---|
| Pre-Issue Holding | 47.07% |
List of Book Running Lead Managers & Registrar
Lead Managers
| Lead Managers | Contact Person | Email Address | Phone Number |
|---|---|---|---|
| Interactive Financial Services Limited | Jani Jain | mbd@ifinservices.in | Tel: +91 79 4908 8019 / 91 98980 55647 |
IPO Registrar
| Registrar Name | Contact Person | Email Address | Phone Number |
|---|---|---|---|
| BigShare Services Private Limited | Vinayak Mobale | ipo@bigshareonline.com | Tel: +91 22 6263 8200 |
Shree Ram Twistex IPO FAQs
The Shree Ram Twistex IPO is a Mainboard Bookbuilding IPO with a total issue size of ₹110.24 crore. The issue consists of a fresh issue of ₹110.24 crore.
The IPO will open for subscription on Mon, 23 Feb 2026 and will close on Wed, 25 Feb 2026.
The shares are being offered at a price band of ₹95 to ₹104 per equity share.
Investors can apply for the IPO with a minimum lot size of 144 shares.
At the upper price band, the minimum investment required for one lot is approximately ₹14,976.
The shares of Shree Ram Twistex are expected to be listed on NSE & BSE on Mon, 02 Mar 2026.
The Grey Market Premium (GMP) of Shree Ram Twistex IPO is ₹-20.
The expected listing price of Shree Ram Twistex IPO is around ₹84 based on current GMP. This indicates a potential return of approximately -19.23% , with an estimated profit of ₹-2,880 per lot, subject to market conditions.
The Shree Ram Twistex IPO was subscribed 43.62 times on the final day of subscription.
The retail portion is subscribed 75.51 times as of 25 Feb 2026.
The QIB portion is subscribed 3.94 times and the NII portion is subscribed 220.13 times .
The IPO registrar of Shree Ram Twistex is BigShare Services Private Limited. BigShare is responsible for processing IPO applications, finalizing allotment, crediting shares, and initiating refunds.
The allotment date is expected on Thu, 26 Feb 2026.
Allotment status is generally updated in the evening (6 PM – 10 PM) on Thu, 26 Feb 2026 on the registrar or exchange website.
Shares are expected to be credited by Fri, 27 Feb 2026.
Refunds for unsuccessful applicants will be initiated on Fri, 27 Feb 2026.
Investors can check refund status via:
- UPI mandate / bank account (NACH, NEFT, RTGS)
- ASBA bank portal
Shree Ram Twistex IPO is listed on NSE (SRTL) and BSE (544716).
The latest share price of Shree Ram Twistex Limited is currently not available.
Recent price movement data for Shree Ram Twistex Limited is currently not available.
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