Home / Business and Economy / Shree Ram Twistex IPO Closes Strong: NII Portion Booked 220x
Shree Ram Twistex IPO Closes Strong: NII Portion Booked 220x
25 Feb
Summary
- Shree Ram Twistex IPO was subscribed 43.66 times overall.
- Non-institutional investors drove demand, booking 220.30 times.
- IPO proceeds will fund solar plants and debt repayment.
The initial public offering (IPO) for Shree Ram Twistex concluded on Wednesday, February 25, 2026, attracting significant investor demand. The book-built offer was subscribed a remarkable 43.66 times, with bids received for over 46 crore shares against the 1 crore shares on offer.
The non-institutional investor (NII) segment saw the most aggressive bidding, with a subscription rate of 220.30 times. The retail investor quota was also highly sought after, subscribed 76.63 times, while qualified institutional buyers subscribed 3.94 times.
Shree Ram Twistex intends to use the funds raised from the IPO for several key initiatives. These include the establishment of solar power plants totaling 10.3 MW, repayment of specific borrowings, meeting working capital requirements, and general corporate purposes.
The company's financial performance shows growth, with revenue increasing from ₹217.97 crore in FY2022 to ₹231.59 crore in FY2024. Profit after tax also saw a substantial rise, growing at a CAGR of 21.67% during the same period. Shree Ram Twistex shares are scheduled to list on BSE and NSE on Monday, March 2, 2026.
