Shree Ram Twistex Ltd's IPO, a Rs 110.24-crore offer, was oversubscribed 43.66 times. Retail, non-institutional, and qualified institutional categories showed high interest. The IPO is a fresh issue with a price range of Rs 95-104 per share. Interactive Financial Services Ltd managed the successful offer.
Shree Ram Twistex IPO Oversubscribed by Over 43 Times
Shree Ram Twistex Ltd's initial public offering, aiming to raise Rs 110.24 crore, witnessed a massive oversubscription of 43.66 times. On the final day, the IPO recorded bids for over 46.28 crore shares, significantly outstripping the 1.06 crore shares available.
The impressive demand was led by non-institutional investors, with subscriptions reaching an astonishing 220.30 times. Retail Individual Investors also showed strong interest, with their category subscribed 76.63 times, while Qualified Institutional Buyers' category was oversubscribed 3.94 times.
As a producer of high-quality yarn, Shree Ram Twistex Ltd's IPO constitutes entirely fresh equity shares with a price range of Rs 95-104 per share. This successful offering was managed by Interactive Financial Services Ltd, the lead manager responsible for navigating the IPO process.
