
Textiles & Apparel · NSE
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.
Price Band
₹54 – ₹61
Issue Size
₹45.14 Cr
Lot Size
2000 shares
GMP
+49.2%
Est. Listing
₹91
at current GMP
Subscribed
148.44x
overall
Open
26 Jul 2023
Close
28 Jul 2023
Allotment
2 Aug 2023
Refund
3 Aug 2023
Demat Credit
4 Aug 2023
Listing
4 Aug 2023
Designated Registrar: Link Intime India Private Limited
Allotment Date
2 Aug 2023
Basis finalization
Refunds Initiate
3 Aug 2023
Mandate release
Demat Credit
4 Aug 2023
Shares in demat
Listing Debut
4 Aug 2023
Trading begins
Shri Techtex Limited is bringing an initial public offering (IPO) in the Textiles & Apparel sector with an aggregate issue size of ₹45.14 Crores. The shares are offered at a price band of ₹54 to ₹61 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 2000 shares (approx. ₹1,22,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-08-04, while un-allotted funds or UPI block mandates will be released on 2023-08-03.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.