IPO Trending
SHRITECHSME / NSEListed
Shri Techtex

Incorporated in 2011, Shri Techtex Limited is engaged in manufacturing Polypropylene (PP) Non-Woven Fabric, which is used in eco-friendly and disposable products for industries like healthcare, organic farming, automotive, home furnishing, industrial packaging, and consumer goods. Earlier the firm was focused on trading polymers, chemicals, and packaging materials and later moved into manufacturing on a job-work basis, but after the demerger on April 01, 2021, Shri Techtex is fully focused on manufacturing PP non-woven fabric at its facility in Dholka, Ahmedabad with a capacity of 3,600 MT per year spread across 41,548 sq. meters. The company supplies its products in states like Gujarat, Tamil Nadu, and West Bengal, and also exports to countries including the USA, Taiwan, Canada, Denmark, and China. Shri Techtex is further planning expansion and will add new products such as PP Tufted Fabric (Artificial Grass) and PP Multifilament Yarns, with expected production commencement by October 2023.

₹54 - ₹61148.44x sub
Listed Price₹81.15
Listing Gain+33.03%

IPO Schedule & Timeline

Book Built Issue IPO
Open26 Jul 2023
Close28 Jul 2023
Allotment02 Aug 2023
Listing04 Aug 2023

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail24,62,000 shares
33.27%
Nii(hni)10,56,000 shares
14.27%
QIB35,10,000 shares
47.43%
Market Maker3,72,000 shares
5.03%

Minimum Application Lots

Retail1 Lot (2,000 shares)
₹1,22,000
HNI2 Lots (4,000 shares)
₹2,44,000

Company Promoters

Mr. Hanskumar Ramakant AgarwalMrs. Shradha Hanskumar Agarwal

Company Background

Incorporated in 2011, Shri Techtex Limited is engaged in manufacturing Polypropylene (PP) Non-Woven Fabric, which is used in eco-friendly and disposable products for industries like healthcare, organic farming, automotive, home furnishing, industrial packaging, and consumer goods. Earlier the firm was focused on trading polymers, chemicals, and packaging mat...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar 2020)₹1625.73 Cr
Growth-72.0%
Revenue Trend (₹ in Crores)
0.02.2k4.5k6.7kMar 2023Mar 2022Mar 2021Mar 2020
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar 20201,625.73447.231,766.65488.05
Mar 20214,021.581,265.684,652.151,498.66
Mar 20225,182.15826.565,282.412,451.57
Mar 20235,807.58910.637,386.453,188.98

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Values5.1935.84%20.07%16.710

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Limited

Allotment Finalized
Allotment Date
02 Aug 2023
Official Status
Out / Finalized
Registrar
Link Intime India Private Limited
Listing Date
04 Aug 2023

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Limited

Direct allotment verification on the official registrar portal appointed for Shri Techtex. Check with PAN or Application No.

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Stock Exchange Portal
BSE India Investor Portal

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Allotment Schedule & Milestones

IST
1. Allotment Finalization02 Aug 2023Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date04 Aug 2023Trading commences on exchange

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3Enter Details

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About Shri Techtex IPO

Complete issue overview for Shri Techtex (SHRITECH) IPO. The issue features an equity share price band of ₹54 – ₹61 per share with a minimum retail lot size of 2000 Shares (minimum application amount of ₹1,22,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

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