Shri Techtex IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Jul 28, 2023Let’s have a detailed review of the company and analytics of the Shri Techtex IPO release date, IPO offer price, subscription, Shri Techtex Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 54 to Rs 61 |
| Listing At | NSE, SME |
| Min. Order Quantity | 2000 Shares |
| Listing Date | 7 August 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 4,514 Lakh |
| IPO Size | Rs 4,514 Lakh |
| Tick Size | 1 |
Shri Techtex IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Shri Techtex Share Price |
Shri Techtex IPO – Summary
Their Company was originally formed and registered as a partnership firm under the Partnership Act, 1932 (“Partnership Act”) in the name and style of “M/s Shree Tech Tex Company”, pursuant to a deed of partnership dated January 7, 2011.
Subsequently, the constitution of the partnership firm was changed on February 18, 2016, July 01, 2017, March 14, 2018, and June 12, 2020, by admission and retirement of partners.
The Promoter of this company is MR. HANSKUMAR RAMAKANT AGARWAL AND MRS. SHRADHA HANSKUMAR AGARWAL. The lead manager of the issue is BEELINE CAPITAL ADVISORS PRIVATE LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Shri Techtex IPO Date
The opening and closing dates of Shri Techtex IPO are 26 July 2023 and 26 July 2023 respectively.
Shri Techtex IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 26th Jul | 4.50x | 3.73x | 11.18x | 7.67x |
| 2nd Day – 27th Jul | 11.53x | 29.91x | 48.29x | 33.83x |
| 3rd Day – 28th Jul | 58.03x | 250.65x | 156.37x | 148.44x |
| Shares Offered or Net Issue | 1,410,000 | 1,056,000 | 2,462,000 | 7,400,000 |
The shares subscribed by the public will be updated here.
Shri Techtex IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Shri Techtex Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | 2 August 2023 |
| Refunds Initiation | 3 August 2023 |
| Credit of Shares to Demat Account | 4 August 2023 |
| Share Listing Date | 7 August 2023 |
Shri Techtex IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.54 to Rs.61
Shri Techtex IPO Equity Size
This Initial Public Issue of 7,400,000 Equity Shares of Rs.10 each for cash at a price of Rs.54 to Rs.61 per equity share aggregating to Rs.4,514 Lakh.
Shri Techtex IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 7,400,000 Equity Shares of Rs.10/ each.
Issue Size: 7,400,000 Equity Shares of Rs.10 each, aggregating to Rs.4,514 Lakh
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Shri Techtex IPO – Live Performance
The listing date of this IPO is 7 August 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Shri Techtex Share Price |
Shri Techtex IPO Grey Market Premium
The Shri Techtex Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Shri Techtex IPO – Company Overview
Their company is engaged in the business of manufacturing Polypropylene (PP) Non-Woven Fabric. The practical use of non-woven fabric is more ecological for certain applications, especially in fields and industries where disposable or single-use products are important.
Such as organic farming, hospitals, health care, nursing homes, home furnishing, vehicle upholstery seat fabrication, Mattress & furniture covering, ecological packaging, and industrial and consumer goods.
They manufacture PP non-woven fabric in a variety of sizes and densities. As of the date of this Red Herring Prospectus, they manufacture PP non-woven fabric upto 4.5 meters in size and 15 GSM to 800 GSM. Their manufacturing facility is situated at Simaj of Dholka Taluka in Ahmedabad District of Gujarat.
The manufacturing facility is well connected with near about transport hubs. Their manufacturing facility is spread across 41548 sq. meters. The manufacturing facility is installed with manufacturing capacity of 3600 MT PP non-woven fabric per annum.
Shri Techtex IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 7,386.45 | 5,282.41 | 4,652.15 |
| *Total Revenue | 5,807.58 | 5,182.15 | 4,021.58 |
| Total Expense | 4,646.45 | 4,118.75 | 2,342.49 |
| Profit After Tax | 910.63 | 826.56 | 1,265.68 |
Earnings per Equity Share (in Lakh)
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 5.19 | 4.71 | 7.21 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 910.63 Lakh, Rs. 826.56 Lakh and Rs. 1,265.68 Lakh respectively.
Shri Techtex IPO – Promoters
The Promoter of this company is:
- MR. HANSKUMAR RAMAKANT AGARWAL
- MRS. SHRADHA HANSKUMAR AGARWAL
List of Related Parties (Key Managerial Personnel)
- Shradha Hanskumar Agarwal, Chairman and Managing Director
- Hanskumar Ramakant Agarwal, Executive Director
- Vikas Srikishan Agarwal, Non-Executive and NonIndependent Director
- Vimalkumar Mishralal Shah, Independent Director
- Anup Mahendra Gopalka, Independent Director
Shri Techtex IPO – Promoters Holding
- Pre-Issue Share Holding – 100%
- Post-Issue Share Holding – %
Shri Techtex IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 7,400,000 Equity Shares aggregating up to Rs.4,514 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 372000 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 7028000 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 2462000 Equity Shares |
| Other than Retail Individual Investors | Not more than 1056000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 17550000 Equity Shares |
| Equity Shares outstanding after the Issue | 24950000 Equity Shares |
Shri Techtex IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Construction Of Factory Shed
- Purchase of Machineries
- Commissioning of Solar Plant
- To Meet Working Capital Requirements
- General Corporate Purpose
- To meet Public Issue Expenses
Shri Techtex IPO – Business Strategy
- Expanding product portfolio
- Continue improving financial performance through a focus on operational and functional efficiencies
- Leveraging their market skills and relationship
- Optimal Utilization of Resources
Shri Techtex IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced Promoters and Management Team
- Prime Location of their Manufacturing Facility
- Infrastructure and Integrated capabilities to deliver quality Products
- Wide Application of Products
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 5.19 | 30.54 | 16.99 |
| 31-Mar-22 | 4.71 | 39.37 | – |
| Mar-21 | 7.21 | 60.98 | – |
Shri Techtex IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Crores) | |
| Shri Techtex Limited | 10 | [●] | 5.19 | 30.54% | 5,692.39 |
| Listed Peers | |||||
| Garware Technical Fabrics Limited | 10 | 37.67 | 77.17 | 15.73 | 1,25,361.68 |
| Shubham Polyspin Limited | 10 | 25.28 | 0.69 | 5.94 | 4460.92 |
Shri Techtex IPO Lead Managers
| Lead Managers |
| BEELINE CAPITAL ADVISORS PRIVATE LIMITED SEBI Registration Number: INM000012917 Address: B 1311-1314 Thirteenth Floor, Shilp Corporate Park, Rajpath Rangoli Road, Thaltej, Ahmedabad – 380054, Gujarat, India Telephone Number: 079 4918 5784 Email Id: mb@beelinemb.com Investors Grievance Id: ig@beelinemb.com Website: www.beelinemb.com Contact Person: Mr Nikhil Shah CIN: U67190GJ2020PTC114322 |
Shri Techtex IPO Registrar to offer
| Registrar to the Offer |
| Link Intime India Private Limited SEBI Registration Number: INR000004058 Address: C-101, 247 Park, LBS Marg, Vikhroli (West), Mumbai – 400083, Maharashtra, India Tel. Number: +91 810 811 4949 Fax- 022 – 4918 6060 Email Id: shritechtex.ipo@linkintime.co.in Investors Grievance Id: shritechtex.ipo@linkintime.co.in Website: www.linkintime.co.in Contact Person: Shanti Gopalakrishnan CIN: U67190MH1999PTC118368 |
Shri Techtex IPO – Other Details
- Statutory Auditor – A S R V & Co., Chartered Accountants
- Legal Counsel to the Company – ANA ADVISORS
- Bankers to the Company – The Hongkong and Shanghai Banking Corporation Limited and The Ahmedabad District Co-Op Bank Ltd
Shri Techtex IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Shri Techtex Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Shri Techtex IPO Review FAQs
Check out various FAQs related to the Shri Techtex IPO:
What is the Issue Size of Shri Techtex IPO?
The Company is making an initial public offer of 7,400,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Shri Techtex IPO?
The price band for this particular IPO ranges between Rs 54 to Rs 61. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Shri Techtex IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on 26 July 2023, while the closing date is set for 28 July 2023.
What is the Shri Techtex IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on 2 August 2023, refund initiation is on 3 August 2023, credit of shares is on 4 August 2023, and share listing date is on 7 August 2023.
What is the Shri Techtex IPO Listing Date?
Shares of this company shall be listed in the exchanges on 7 August 2023. The date, when the listing would be done, is stagnant on 7 August 2023.
Who is the Registrar of Shri Techtex IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. BEELINE CAPITAL ADVISORS PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Shri Techtex IPO?
Here are the promoters of this IPO – MR. HANSKUMAR RAMAKANT AGARWAL AND MRS. SHRADHA HANSKUMAR AGARWAL. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Shri Techtex IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Shri Techtex IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Shri Techtex Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 910.63, 2022 is 826.56, and 2021 is 1,265.68.
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