Shri Techtex IPO GMP Details
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Shri Techtex is a company specializing in the production of Polypropylene (PP) Non-Woven Fabric. This versatile fabric finds practical applications in various industries, particularly in scenarios where disposable or single-use products are crucial. It is extensively used in organic farming, healthcare settings like hospitals and nursing homes, home furnishing, vehicle upholstery seat fabrication, ecological packaging, industrial goods, and consumer goods.
The company offers PP non-woven fabric in a wide range of sizes and densities, catering to diverse market demands. Currently, their manufacturing facility located in Simaj of Dholka Taluka, Ahmedabad District, Gujarat, spans across 41548 sq. meters. Equipped with advanced machinery, the facility has a manufacturing capacity of 3600 MT of PP non-woven fabric per annum. Its strategic location near transport hubs ensures seamless logistics.
Over the years, Shri Techtex has experienced consistent growth across various financial indicators, resulting in a steady improvement in their balance sheet position. Their net worth has seen a positive trajectory, and the company has achieved this organic growth through effective and efficient operations.
Shri Techtex IPO Objectives
The company intends to utilize the funds raised from the public issue for the following purposes:
- Construction of Factory Shed
- Commissioning of Solar Plant
- Purchase of Machineries
- To meet working capital requirements
- General corporate purposes
- To meet public issue expenses.
Shri Techtex IPO Date & Price Band Details
IPO Open: | July 26, 2023 |
IPO Close: | July 28, 2023 |
IPO Size: | Approx ₹45.14 Crores, 7,400,000 Equity Shares |
Face Value: | ₹10 Per Equity Share |
IPO Price Band: | ₹54 to ₹61 Per Equity Share |
IPO Listing on: | NSE SME |
Retail Quota: | 35% of the net offer |
QIB Quota: | 50% of the net offer |
NII Quota: | 15% of the net offer |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Allotment Check: | Click Here |
Shri Techtex IPO Market Lot
The Shri Techtex IPO minimum market lot is 2000 shares with a ₹122,000 application amount.
Application | Lot Size | Shares | Amount |
---|---|---|---|
Retail Minimum | 1 | 2000 | ₹122,000 |
Retail Maximum | 1 | 2000 | ₹122,000 |
S-HNI Minimum | 2 | 4000 | ₹244,000 |
Shri Techtex IPO Dates
The Shri Techtex IPO date is July 26 and the IPO close date is July 28. The IPO allotment date is August 2 and the IPO might list on August 7.
IPO Open Date: | July 26, 2023 |
IPO Close Date: | July 28, 2023 |
Basis of Allotment: | August 2, 2023 |
Refunds: | August 3, 2023 |
Credit to Demat Account: | August 4, 2023 |
IPO Listing Date: | August 7, 2023 |
You can check IPO allotment status
Shri Techtex Company Financial Report
₹ in Crores | |||
Year | Revenue | Expense | PAT |
2020 | ₹- | ₹- | ₹- |
2021 | ₹40.22 | ₹23.42 | ₹12.66 |
2022 | ₹51.82 | ₹41.19 | ₹8.27 |
2023 6M | ₹58.08 | ₹46.47 | ₹9.11 |
Shri Techtex IPO Valuation – FY2022
Check Shri Techtex IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
Earning Per Share (EPS): | ₹5.19 per Equity Share |
Price/Earning P/E Ratio: | 5.19 |
Return on Net Worth (RoNW): | 60.98% |
Net Asset Value (NAV): | ₹30.54 per Equity Share |
Peer Group
- Garware TechnicalFabrics Limited
- Shubham Polyspin Limited
Shri Techtex IPO Allotment Status
Check Shri Techtex IPO allotment status on Link Intime website URL. Click Here
Shri Techtex IPO Lead Managers aka Merchant Bankers
- Beeline Capital Advisors Pvt Ltd
Company Promoters
- Mr. Hanskumar Ramakant Agarwal
- Mrs. Shradha Hanskumar Agarwal
Shri Techtex IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: shritechtex.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Shri Techtex IPO Key Points
Strengths and Opportunities:
- Experienced Promoters and Management Team
- Prime Location of the Manufacturing Facility and installed Capacity
- Infrastructure and Integrated capabilities to deliver quality Products
Shri Techtex IPO FAQs
What is the Shri Techtex IPO all about?
The Shri Techtex IPO is an upcoming Initial Public Offering (IPO) on the NSE SME platform. The company aims to raise ₹45.14 Crores through the IPO by issuing equity shares. The price band for the IPO is set at ₹54 to ₹61 per equity share.
When will the Shri Techtex IPO open for subscription?
The IPO will open for subscription on July 26, 2023, and will be available for Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and Retail Investors to participate.
What is the allocation for different types of investors in the Shri Techtex IPO?
The investors’ portion for QIBs is 50%, for NIIs it is 15%, and Retail Investors have an allocation of 35%.
How can investors apply for the Shri Techtex IPO?
Investors can apply for the Shri Techtex IPO through ASBA online using their bank accounts or via UPI through their stock brokers. Additionally, they can apply through their stock brokers by filling up the offline application form.
Could you guide me on how to apply for the Shri Techtex IPO through Zerodha, Upstox, and Paytm Money?
To apply through Zerodha, log in to the Console on the Zerodha website or application, go to the Portfolio section, click on IPO, and select the IPO Name “Shri Techtex.” Enter your UPI ID, Quantity, and Price, and submit the IPO Application Form. Then, approve the mandate using your UPI App on Net Banking or BHIM App and open a Demat Account with Zerodha.
For Upstox, log in to the Upstox Application with your credentials, select the IPO “Shri Techtex,” click on Bid Button, confirm your application, approve the mandate through your UPI App on Net Banking or BHIM App, and open a Demat Account with Upstox.
When is the Shri Techtex IPO Allotment Date?
The IPO Allotment Date for Shri Techtex is August 2, 2023.
When is the Shri Techtex IPO Listing Date?
The Shri Techtex IPO is scheduled to be listed on August 7, 2023, on the NSE SME platform.
What is the IPO size of Shri Techtex?
The size of the Shri Techtex IPO is ₹45.14 crores.
What is the Price Band for the Shri Techtex IPO?
The Price Band for the Shri Techtex IPO is set at ₹54 to ₹61 per equity share.
What is the Minimum and Maximum Lot Size for the Shri Techtex IPO?
The IPO bid for Shri Techtex is 2000 shares, and the corresponding value is ₹122,000.