Shree Ram Twistex IPO is a mainboard fresh issue of 1.06 crore equity sharess, opening February 23, 2026 to fund renewable energy capex and working capital for this Gujarat‑based cotton yarn manufacturer. Incorporated in 2013, the company produces 100% cotton compact ring‑spun combed & carded yarns for knitting/weaving with 27,744 spindles capacity.

Shree Ram Twistex Business Profile

Shree Ram Twistex manufactures cotton yarns through its Rajkot facility with 17 compact ring‑spinning machines, competing with Ambika Cotton Mills, Damodar Industries and Rajapalayam Mills. The IPO proceeds target green energy self‑sufficiency alongside debt reduction.

IPO Timeline

Event	Date ​
Open	February 23, 2026
Close	February 25, 2026
Allotment	February 26, 2026
Refunds/Demat	February 27, 2026
Listing	March 2, 2026 (BSE/NSE)

 

Structure: 100% fresh issue (1.06 Cr shares, FV ₹10); book‑built. Lead manager: Interactive Financial Services; Registrar: Bigshare Services. ​

Objects of Proceeds

Purpose	Amount (₹ Cr)
6.1 MW Solar Plant (captive)	7.85–22.23
4.2 MW Wind Plant (captive)	39.00
Debt repayment	14.89
Working capital	44.00
General purposes	Balance

 

Financial Snapshot

Recent borrowings ₹51-68 Cr indicate capex funding needs. Detailed FY25 revenue/PAT await RHP; focuses on sustainable manufacturing via renewables.

Period Ended	30 Sep 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	217.44	194.20	154.30	135.71
Total Income	132.27	256.32	231.72	213.58
Profit After Tax	7.00	8.00	6.55	2.05
EBITDA	17.04	21.85	20.19	17.40
NET Worth	80.70	74.03	66.80	61.11
Reserves and Surplus	51.33	44.66	37.42	49.36
Total Borrowing	60.70	62.48	67.04	55.70
Amount in ₹ Crore

Strengths

• Captive green energy reduces long‑term power costs. ​
• 27,744 spindles capacity in compact ring spinning.
• Debt reduction strengthens balance sheet.
• ₹44 Cr working capital supports scaling.
• Gujarat textile hub location advantage.
• Pure fresh issue (no OFS dilution).

Risks

• Cotton price volatility impacts margins.
• Execution risk in 10.3 MW renewable projects. ​
• Textile sector cyclicality.
• Competition from Ambika, Damodar, Rajapalayam Mills.
• High borrowings ₹51-68 Cr pre‑IPO.
• Dates/price band pending final confirmation.

How To Apply for the IPO ?

• Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials. 

• Locate the IPO Section: Navigate to the 'IPO' section on the platform. 
• Select IPO: Find and select the IPO from the list of open IPOs. 
• Enter the Lot Size: Specify the number of lots you want to bid for. 
• Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application. 
• Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN. 

How To Check the Allotment Status of IPO?

Steps to check IPO allotment status on JM Pro app: 

• Log in to the JM Pro app. 
• Go to the IPO Section and then to IPO Orders. 
• Select the individual IPO that you had applied for and check the allotment status. 

JM Financial Services will notify you of your IPO allotment status via push notification and email

FAQs

Q1. What does Shree Ram Twistex manufacture?
100% cotton compact ring‑spun combed & carded yarns for knitting/weaving (27,744 spindles)

Q2. What are the IPO dates?
Opens Feb 23, closes Feb 25, 2026; lists March 2.

Q3. What is the issue structure?
100% fresh issue of 1.06 Cr shares (FV ₹10).

Q4. How will proceeds be used?
Solar/wind plants (₹46.85 Cr), debt repayment (₹14.89 Cr), working capital (₹44 Cr).

Q5. Where is the manufacturing facility?
Rajkot, Gujarat with 17 compact ring spinning machines.

Q6. Who is the lead manager?
Interactive Financial Services Ltd; Registrar: Bigshare Services.

Q7. When was DRHP filed?
June 27, 2025; dates confirmed recently.