Shree Ram Twistex IPO receives 43.66 times subscription on final day

New Delhi, February 25: Shree Ram Twistex Ltd Sees Overwhelming Response to IPO

The initial public offer (IPO) of Shree Ram Twistex Ltd, a prominent cotton yarn manufacturer, has received a resounding response from investors. The IPO, which concluded on Wednesday, saw a massive subscription of 43.66 times, as per data available with the National Stock Exchange (NSE).

According to the data, the Rs 110.24-crore IPO received bids for 46,28,41,632 shares against its initial offer of 1,06,00,000 shares. This impressive response is a testament to the company's strong market standing and its potential for future growth.

Subscription Breakdown:

• Non-Institutional Investors: 220.30 times subscription
• Retail Individual Investors (RIIs): 76.63 times subscription
• Qualified Institutional Buyers (QIBs): 3.94 times subscription

Shree Ram Twistex Ltd is a leading producer of high-quality yarn and has now ventured into the public market with its initial public offering. The company has priced its shares in the range of Rs 95-104 per share.

The book-running lead manager to the offer is Interactive Financial Services Ltd. With this IPO, the company aims to raise funds for its business expansion and growth initiatives.