The Shree Ram Twistex Limited (SRTL) IPO, a ₹110.24 crore fresh issue, has drawn steady attention from retail investors as it opens for subscription from 23 to 25 February 2026, with listing scheduled for 2 March 2026. Early subscription data indicates gradual momentum, particularly in the retail segment, while institutional participation is building at a measured pace. The demand trend reflects cautious optimism in a market that is becoming increasingly selective about mid-sized industrial offerings.
Author : Aashiya Jain | EQmint | Corporate Updates
Company Overview: A Textile Player with Energy Efficiency Focus
Shree Ram Twistex Limited operates in the cotton yarn manufacturing sector, supplying products used across apparel and textile industries. The textile industry remains one of India’s oldest and most employment-intensive sectors, but it is also highly competitive and cost-sensitive.
What differentiates SRTL is its emphasis on cost control through renewable energy initiatives, including solar installations and planned wind energy usage. Since electricity is one of the largest expenses in yarn production, such initiatives can directly impact margins and profitability over the long term. Over recent years, the company has reported steady revenue growth along with improved profitability, reflecting operational discipline.
IPO Details at a Glance
The ₹110.24 crore IPO is entirely a fresh issue, meaning the capital raised will go directly into the company rather than being used by promoters for stake dilution. This is often viewed positively, as funds are expected to support expansion, working capital needs, and strengthening of the balance sheet.
Here are the key issue details:
- Issue Size: ₹110.24 crore
- Price Band: ₹95–₹104 per share
- Minimum Lot Size: 144 shares (₹14,976 at the upper price band)
- Issue Period: 23–25 February 2026
- Proposed Listing: 2 March 2026 on BSE and NSE
The pricing places the company within the affordable bracket for retail investors, making it accessible while still maintaining room for potential listing gains, depending on demand.
Subscription Demand: What the Graph Suggests
The subscription data released during the issue period provides useful insight into investor sentiment.
- Day 1: The IPO saw modest overall subscription levels, but retail participation stood out early, with nearly half of the retail portion subscribed on the first day itself.
- Day 2: The retail segment was oversubscribed more than 2 times, while overall subscription levels moved closer to one-third of the total issue size. Non-institutional investors showed steady interest, though institutional bids were relatively subdued in the initial stages.
The demand graph trend reflects a gradual upward slope rather than an aggressive spike. This pattern often indicates disciplined participation rather than speculative frenzy. Retail investors appear confident, while larger institutions may be waiting until the final day before placing substantial bids a common strategy in IPO markets.
Such a trajectory signals cautious optimism: interest is present, but investors are being selective rather than rushing in impulsively.
Grey Market Sentiment and Early Expectations
In the unofficial grey market, the stock reportedly traded at a premium of around 8–9% over the upper price band during the subscription period. While grey market premiums (GMP) are not officially regulated indicators, they often reflect short-term expectations of listing performance.
A moderate GMP suggests the market expects reasonable listing gains, but not an explosive debut. This aligns with the measured subscription pattern seen in official data.
What Investors Are Thinking
Retail Investors: Value and Entry Price Matter
Retail participation has been relatively strong, possibly due to the affordable entry point and the company’s positioning within a traditional yet essential industry. Many small investors see potential in manufacturing-based businesses that demonstrate operational efficiency and margin improvement.
Institutional Investors: Watching Fundamentals
Institutional buyers typically assess valuation metrics, sector outlook, and scalability before committing large capital. Given that textiles can be cyclical influenced by cotton prices, export demand, and global economic trends institutions may prefer to observe subscription trends and final pricing clarity before making substantial bids.
Analyst Perspective: Balanced but Cautious
Market analysts highlight the company’s renewable energy initiatives as a positive differentiator. However, they also note that the textile sector is sensitive to raw material price volatility and export cycles. Therefore, while growth prospects exist, the business remains exposed to industry-specific risks.
The Road to Listing
With the issue closing on 25 February 2026, final subscription figures will offer clearer insight into the stock’s potential listing performance. If institutional participation strengthens in the closing hours as often happens the IPO could see healthy overall subscription numbers.
The listing, scheduled for 2 March 2026, will ultimately depend not only on subscription data but also on broader market sentiment. In volatile markets, even well-subscribed IPOs can face pressure; conversely, stable conditions may enhance debut gains.
Final Takeaway
The ₹110.24 crore Shree Ram Twistex IPO represents a mid-sized industrial offering backed by steady financial growth and a focus on cost efficiency. The demand graph shows encouraging retail interest, while institutional participation appears measured but watchful.
For investors, this IPO offers exposure to India’s textile manufacturing value chain with the added appeal of renewable energy integration. However, as with any public issue, careful evaluation of sector risks, valuation comfort, and personal investment goals remains essential before making a decision.
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Disclaimer: This article is not an investment advice and is for educational purpose only
