Shree Ram Twistex IPO to open for public subscription on February 23

Rajkot-based cotton yarn manufacturer Shree Ram Twistex has filed its Red Herring Prospectus (RHP) with the Registrar of Companies, as it is set to launch its IPO for public subscription on February 23. The initial public offering (IPO) comprises an entirely fresh issue of 1.06 crore equity shares, with no offer-for-sale (OFS) component, as per the RHP filed on February 12. Hence, the entire IPO proceeds will be received by the company. Bidding for the offer will remain open until February 25. The company will finalise the share allotment by February 26 and is scheduled to make its market debut on the bourses on March 2. Shree Ram Twistex, which operates exclusively in the business-to-business (B2B) segment, supplies its products to textile manufacturers, garment exporters, bulk purchasers, and fabric processors. The company plans to utilise the IPO proceeds to set up a 6.1 MW solar power plant and a 4.2 MW wind power plant for captive use. Click Here To Read All IPO News Further, a portion of the proceeds will be used for debt repayment, working capital requirements, and general corporate purposes. With a manufacturing facility in Rajkot, Gujarat, Shree Ram Twistex produces 100 percent cotton yarn through 17 compact ring-spinning machines, with a total spindle capacity of 27,744. Its operations also generate income from by-products such as cotton waste. Additionally, the company sells viscose-cotton blended yarn, FP bales, and open-end yarn, catering to varied textile segments. The company has delivered strong financial performance in recent years. Profit in FY25 rose 22 percent to Rs 8 crore, compared to Rs 6.55 crore in the previous year. Revenue during the same period increased 10.1 percent to Rs 255 crore from Rs 231.6 crore. Profit for the six-month period ended September 2025 stood at Rs 7 crore on revenue of Rs 132.1 crore. Interactive Financial Services is acting as the merchant banker to the Shree Ram Twistex IPO.