Shree Ram Twistex IPO 2026 – Dates, Price Band, Financials & Expert Review

The Shree Ram Twistex IPO 2026 is set to open for subscription on 23 February 2026, drawing interest from investors tracking opportunities in India’s fast-evolving textile and cotton yarn industry. In this detailed IPO review, we cover issue dates, price band, financial performance, business model, peer comparison, risks, and whether investors should apply.

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Shree Ram Twistex IPO 2026 – Key Details

Particular	Details
IPO Open Date	23rd February 2026
IPO Close Date	25th February 2026
Expected Allotment	26th February 2026
Listing Date	2nd March 2026
Price Band	₹95 – ₹104 per share
Lot Size	144 shares
Minimum Investment (Retail)	₹14,976
Maximum Retail Investment	₹1,94,688 (13 lots)
Issue Size	₹110.24 Crore (Fresh Issue)

This IPO is a 100% fresh issue, and the company plans to utilize the proceeds for:

Capital expenditure
Renewable energy installation
Debt reduction
Working capital needs

About Shree Ram Twistex Limited

Shree Ram Twistex Limited is a Gujarat-based cotton yarn manufacturing company incorporated in 2013. The company operates its production facility in Gondal, Rajkot, and supplies yarn products across domestic and export markets.

It follows a B2B model, catering to textile manufacturers, garment exporters, and fabric producers. With rising demand for premium and value-added yarn, the company aims to expand its presence in India’s competitive spinning sector.

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Promoters & Management

The company is promoted by:

Bhaveshbhai Bhikhubhai Ramani
Jay Atulbhai Tilala
Nidhi Bhaveshbhai Kothari

The management team has experience in textile operations and yarn manufacturing, focusing on operational efficiency and expanding customer networks.

Product Portfolio

Shree Ram Twistex manufactures a diversified range of yarn products including:

100% Cotton Yarn
Compact Ring-Spun Yarn
Carded Yarn
Combed Yarn
Slub Yarn
Lycra Blended Yarn

These products are widely used in knitting, weaving, denim production, home textiles, and garment manufacturing.

Financial Performance (FY23–FY25)

The company has shown consistent financial improvement:

Revenue grew from ₹213.10 crore (FY23) to ₹255.04 crore (FY25)
Net Profit increased from ₹2.05 crore to ₹7.99 crore
EBITDA margins improved steadily
Asset base expanded, indicating capacity growth

While growth is visible, investors should analyse:

Profit margins
Debt levels
Return on Equity (ROE)
Cash flow sustainability

The textile industry remains capital-intensive and cyclical, making valuation analysis crucial.

Listed Peers & Industry Comparison

Key listed competitors in the yarn and textile segment include:

Vardhman Textiles Limited
Nitin Spinners Limited
Trident Limited
Welspun Living Limited

Investors should compare valuation metrics like:

P/E Ratio
EV/EBITDA
ROE
Debt-to-Equity Ratio

against these established players before making a decision.

Key Strengths

Steady revenue growth over three years
Diversified product mix
Focus on renewable energy to reduce power costs
Established B2B client relationships

Key Risks

Volatility in cotton prices
High working capital requirements
Intense competition
Cyclical nature of textile demand

Investment View – Apply or Avoid?

🔹 For Short-Term Investors (Listing Gains)

Application may be considered if overall subscription numbers are strong and valuations appear reasonable relative to earnings.

🔹 For Long-Term Investors

Selective participation is advisable for investors comfortable with mid-sized textile companies and cyclical earnings volatility. Conservative investors may prefer monitoring post-listing financial performance.

Overall, the Shree Ram Twistex IPO appears moderately attractive, but valuation comfort and risk appetite should guide your final decision.