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.
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