India’s primary market continues to witness strong participation across sectors, including manufacturing and textiles. With increasing focus on domestic production, export competitiveness, and renewable energy integration, textile manufacturers are actively exploring capacity expansion and cost optimisation strategies. Companies operating in yarn manufacturing, especially those with modern infrastructure and diversified customer bases, are looking to leverage public markets for growth capital.
Against this backdrop, Shree Ram Twistex Limited is set to open its IPO on February 23, 2026. Here is a detailed insight into Shree Ram Twistex Limited, its IPO, and the industry outlook.
About Shree Ram Twistex Ltd.
Shree Ram Twistex Limited is engaged in the manufacturing of cotton yarns, including Compact Ring Spun and Carded Yarns, both Combed and Carded varieties. These yarns are used in knitting and weaving applications for products such as denim, terry towels, shirting, sheeting, sweaters, socks, bottom wear, home textiles, and industrial fabrics.
The company also manufactures value added yarns such as Eli Twist yarns, Compact Slub Yarns, and Lycra blended yarns.
It operates on a business to business model, supplying yarns to textile manufacturers, garment exporters, bulk purchasers, and fabric processors across multiple Indian states including Gujarat, Rajasthan, West Bengal, Maharashtra, Tamil Nadu, Madhya Pradesh, and Punjab. It also exports internationally.
Its manufacturing facility is located in Gondal, Rajkot, Gujarat, equipped with 17 compact ring spinning machines and a total spindle count of 27,744. The company also operates five warehouses with a combined storage capacity of 9,855 MT.
Shree Ram Twistex IPO Details
Shree Ram Twistex IPO is a book build issue of ₹110.24 crores. The issue is entirely a fresh issue of 1.06 crore shares aggregating to ₹110.24 crores.
The IPO price band is set at ₹95 to ₹104 per share. The shares are proposed to be listed on BSE and NSE.
The company intends to utilise the net proceeds towards:
• Setting up a 6.1 MW solar power plant for captive use
• Setting up a 4.2 MW wind power plant for captive use
• Repayment or prepayment of certain borrowings
• Funding working capital requirements
• General corporate purposes
Important IPO Timeline
| Event | Date |
|---|---|
| IPO Open Date | February 23, 2026 |
| IPO Close Date | February 25, 2026 |
| Allotment Date | February 26, 2026 |
| Initiation of Refunds | February 27, 2026 |
| Credit of Shares to Demat | February 27, 2026 |
| Listing Date | March 2, 2026 |
Key IPO Details
Here is the table on the Shree Ram Twistex IPO Review:
| Particulars | Details |
|---|---|
| Face Value | ₹10 per share |
| Issue Price Band | ₹95 to ₹104 per share |
| Lot Size | 144 shares |
| Total Issue Size | 1,06,00,000 shares aggregating up to ₹110 crore |
| Fresh Issue | 1,06,00,000 shares aggregating up to ₹110.24 crore |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Shareholding Pre issue | 2,93,75,000 shares |
| Shareholding Post issue | 3,99,75,000 shares |
| Market Capitalisation Pre IPO | ₹415.74 crore |
Lot Size of Shree Ram Twistex IPO
Investors can bid for a minimum of 144 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Min | 1 | 144 | ₹14,976 |
| Retail Max | 13 | 1,872 | ₹1,94,688 |
| S HNI Min | 14 | 2,016 | ₹2,09,664 |
| S HNI Max | 66 | 9,504 | ₹9,88,416 |
| B HNI Min | 67 | 9,648 | ₹10,03,392 |
Shree Ram Twistex Ltd. Financials
Shree Ram Twistex IPO has a pre issue market capitalisation of ₹415.74 crore.
Based on financial data:
• ROCE stood at 13.37 percent as of March 31, 2025
• RoNW was 11.36 percent as of March 31, 2025
• PAT margin was 3.14 percent for FY 2025
• EBITDA margin stood at 8.57 percent for FY 2025
• Debt to Equity ratio was 0.84 as of March 31, 2025
Other financial details of the company include the following:
Key Company Financials (₹ Crore)
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 217.44 | 194.20 | 154.30 | 135.71 |
| Total Income | 132.27 | 256.32 | 231.72 | 213.58 |
| Profit After Tax | 7.00 | 8.00 | 6.55 | 2.05 |
| EBITDA | 17.04 | 21.85 | 20.19 | 17.40 |
| Net Worth | 80.70 | 74.03 | 66.80 | 61.11 |
| Reserves and Surplus | 51.33 | 44.66 | 37.42 | 49.36 |
| Total Borrowing | 60.70 | 62.48 | 67.04 | 55.70 |
Shree Ram Twistex Ltd.: Industry Outlook
• India is one of the largest producers of cotton and textiles globally, supporting sustained demand for yarn manufacturers.
• Export oriented textile manufacturers benefit from global apparel demand and diversified geographic exposure.
• Integration of renewable energy through captive solar and wind plants may help reduce long term power costs.
• The cotton yarn industry remains highly competitive and fragmented, impacting pricing power.
• Raw material price volatility and export demand fluctuations can influence margins and profitability.
Conclusion
Shree Ram Twistex Limited operates in the cotton yarn manufacturing segment with integrated spinning infrastructure and diversified product offerings. The company’s plans to invest in renewable energy for captive consumption and reduce borrowings reflect a focus on operational efficiency and cost optimisation.
However, investors should carefully evaluate valuation metrics, industry competitiveness, margin sustainability, and sector cyclicality before investing. As with any public issue, reviewing the offer document and aligning the investment decision with individual risk appetite remains essential.
