Shree Ram Twistex IPO listing is set for Mar 2, following a successful subscription period. The IPO received significant interest from non-institutional investors, with a subscription rate of 220.30x. The estimated listing price is projected at ₹81, reflecting a 22.12% discount from the IPO price.

Shree Ram Twistex IPO listing date tomorrow: Here’s what GMP, subscription status hint ahead of debut

Shree Ram Twistex IPO Listing Date Scheduled for Tomorrow, March 2

Shree Ram Twistex, a prominent cotton yarn manufacturer, has announced that its Initial Public Offering (IPO) listing date will take place on Monday, March 2. The company's IPO allotment was finalized on Thursday, February 26, with the crediting of shares to demat accounts completed on Friday, February 27.

IPO Subscription Details

During the IPO subscription period from Monday, February 23 to Wednesday, February 25, the offering received a healthy response from various categories of investors. Non-institutional investors (NIIs) subscribed 220.30 times, while retail investors subscribed 76.63 times. Qualified institutional buyers (QIBs) showed a subscription rate of 3.94 times, as reported by the BSE.

Subscription Status: 43.66 times (third day of the IPO)
Reserve Breakdown:

QIB: 75% of shares
NII: 15% of shares
Retail Investors: 10% of shares

Shree Ram Twistex IPO Price Band and Grey Market Premium

The Shree Ram Twistex IPO price band was fixed at ₹95-104 per share. The current grey market premium (GMP) is -23, indicating a potential downward trend and an anticipated listing at a discount. The estimated listing price of Shree Ram Twistex shares is ₹81 apiece, which is 22.12% lower than the IPO price of ₹104.

Grey Market Premium (GMP): -23
Estimated Listing Price: ₹81 per share
Percentage Lower than IPO Price: 22.12%

Shree Ram Twistex IPO Details

Shree Ram Twistex is set to raise ₹110.24 crore through its initial public offering by offering 1.06 crore new equity shares. The company plans to strategically allocate these funds for several important initiatives, including:

Investment in a 4.2 MW wind power facility for internal consumption: ₹39 crore
Settlement of certain debts: ₹14.89 crore
Enhancement of working capital: ₹44 crore

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