Shri Techtex Limited
ListedSMETextiles & 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
₹30
+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
Last updated 12 days ago
Overall Subscription
148.44x
Total Demand
QIB Multiplier
58.03x
Institutions & Funds
NII / HNI
250.97x
High Net-Worth
Retail (RII)
156.24x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 1,410,000 | 81,826,000 | 58.03x |
| NIB | 1,056,000 | 265,020,000 | 250.97x |
| RETAIL | 2,462,000 | 384,654,000 | 156.24x |
| Total | 4,928,000 | 731,500,000 | 148.44x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 1,295 | 202,331 | 156.24x |
| HNIs (10L +) | 8 | 2,008 | 250.97x |
| HNIs (2-10L) | 40 | 10,039 | 250.97x |
| Total Applications | 1,343 | 214,378 | 159.63x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
About Shri Techtex Limited Public Issue & Market Profile
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.
Bidding & Quota Instructions:
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 Schedule:
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.
Frequently Asked Questions
What is Shri Techtex Limited IPO GMP today?
The latest Grey Market Premium (GMP) for Shri Techtex Limited IPO is ₹30 per equity share. Based on the upper price band of ₹54 to ₹61 per equity share, the estimated listing price is ₹91 (+49.2% expected listing gain).
What is the expected profit per lot for Shri Techtex Limited IPO?
With a lot size of 2000 shares and current GMP of ₹30, the expected profit per application lot is approx ₹60,000 (+49.2% gain). Minimum application cost is approx ₹1,22,000.
What is the issue size and price band for Shri Techtex Limited IPO?
The Shri Techtex Limited IPO aggregate issue size is ₹45.14 Crores with an equity price band set at ₹54 to ₹61 per equity share. The retail lot size is 2000 shares requiring a minimum capital outlay of approx. ₹1,22,000.
How can I check Shri Techtex Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 148.44x (Retail: 156.24x, QIB: 58.03x, NII: 250.97x). You can track live multiples directly on our dedicated subscription page.
Where and when will Shri Techtex Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2023-08-02. Investors can verify status using PAN card or application number.
When is the listing date for Shri Techtex Limited IPO?
Shri Techtex Limited shares are scheduled to list on NSE on 2023-08-04.