The Shree Ram Twistex IPO Day 3 turned into a story of aggressive bidding and strong retail conviction. By 2:36 pm on February 25, the final day of subscription, the issue was subscribed 31.2 times.
The energy in the market was visible. Non-institutional investors came in heavy. Retail investors followed with equal confidence. Institutions participated — but this was clearly a high-net-worth and retail-driven story.
Let’s break down what exactly happened on Shree Ram Twistex IPO Day 3.
Market Performance: Shree Ram Twistex IPO Day 3 Subscription Update
By mid-afternoon on Day 3, demand had significantly outpaced supply.
- Total Subscription: 31.2 times
- Total Bids Received: 33.1 crore shares
- Total Issue Size: 1.1 crore shares
Demand was nearly 30 times the shares available. That kind of oversubscription always grabs attention.
The action was not evenly spread across investor categories. The momentum came from specific segments.
NII Segment Drives Shree Ram Twistex IPO Day 3 Rally
The non-institutional investor (NII) segment showed extraordinary strength.
- NII Subscription: 157.7 times
- Shares Bid: 25.1 crore
- Shares Reserved: 15.9 lakh
That’s not a mild interest. That’s aggressive capital deployment.
Breaking it further:
- Applications above ₹10 lakh: Subscribed 170 times
- Applications between ₹2 lakh–₹10 lakh: Subscribed 133.1 times
High-net-worth individuals were clearly confident. The numbers reflect conviction, not cautious participation.
On Shree Ram Twistex IPO Day 3, this category set the tone.
Retail Investors Show Strong Conviction
Retail participation was equally impressive.
- Retail Subscription: 61.8 times
- Shares Bid: 6.6 crore
- Shares Offered: 10.6 lakh
Most applications came at the cut-off price, showing willingness to bid at the upper band.
Retail doesn’t always chase heavily subscribed issues. But here, the strong response suggests optimism around the company’s positioning and expansion plans.
The retail book nearly touched 62 times — a solid signal of public interest on Shree Ram Twistex IPO Day 3.
Institutional Participation: Steady but Measured
The Qualified Institutional Buyer (QIB) category saw moderate demand.
- QIB Subscription: 1.8 times
- Shares Bid: 1.4 crore
- Shares Reserved: 79.5 lakh
Foreign institutional investors led the participation.
Domestic financial institutions and mutual funds remained relatively limited in comparison.
Institutions stepped in — but they didn’t dominate the story.
Main News: IPO Details and Structure
The Shree Ram Twistex IPO is a ₹110.24 crore book-built issue.
Here are the key details:
- Type: Pure fresh issue
- Price Band: ₹95 to ₹104 per share
- Lot Size: 144 shares
- Issue Opening Date: February 23
- Issue Closing Date: February 25
- Allotment Date (Expected): February 26
- Listing (Tentative): March 2
- Stock Exchanges: BSE and NSE
With strong demand seen on Shree Ram Twistex IPO Day 3, the final subscription closed with solid momentum.
Utilisation of Funds
The company plans to use the ₹110.24 crore proceeds mainly for:
- Setting up a 6.1 MW solar power plant
- Setting up a 4.2 MW wind power plant (for captive consumption)
- Repayment or prepayment of borrowings
- Working capital requirements
- General corporate purposes
The renewable energy projects form a significant part of the capital deployment plan.
It indicates a focus on energy efficiency and long-term cost structure management.
Company Details: Who Is Shree Ram Twistex?
Shree Ram Twistex Ltd operates in the cotton yarn manufacturing business.
It supplies:
- Compact ring-spun yarn
- Carded yarn
- Eli Twist yarn
- Slub yarn
- Lycra-blended yarn
These products are sold to textile manufacturers and garment exporters on a B2B basis.
Manufacturing Capacity
- Location: Gondal, Rajkot, Gujarat
- Spindle Capacity: 27,744
- Supported by multiple warehousing facilities
The company caters to organized textile players and exporters. Its operational base is concentrated in Gujarat.
Issue Management
- Book Running Lead Manager: Interactive Financial Services
- Registrar: Bigshare Services
These entities are handling the IPO process from bidding to allotment.
What Shree Ram Twistex IPO Day 3 Tells Us?
The numbers speak clearly.
On Shree Ram Twistex IPO Day 3:
- Overall subscription crossed 31 times
- NII category crossed 157 times
- Retail came in at nearly 62 times
- Total bids crossed 33 crore shares
Heavy oversubscription in the NII and retail segments indicates aggressive participation from high-net-worth individuals and public investors.
Institutions showed participation, primarily from foreign investors, but didn’t lead the demand.
The size of demand versus supply created a sharp imbalance — and that shaped the final day narrative.
Summary: Shree Ram Twistex IPO Day 3 Highlights
The final day of bidding for the Shree Ram Twistex IPO Day 3 saw strong traction.
Here’s the crisp takeaway:
- ₹110.24 crore IPO
- Book-built, pure fresh issue
- Price band ₹95–₹104
- Total subscription 31.2 times
- NII booked 157.7 times
- Retail booked 61.8 times
- QIB booked 1.8 times
- 33.1 crore shares bid against 1.1 crore offered
The company plans to deploy funds toward renewable energy projects, debt repayment, working capital, and general corporate needs.
The demand pattern clearly showed strong interest from non-institutional and retail investors.
As a market observer, the story of Shree Ram Twistex IPO Day 3 will be remembered for one thing — intense bidding pressure from HNIs and retail participants on the final day.
Now, the focus shifts to allotment on February 26 and the proposed listing on March 2 on the BSE and NSE.
The subscription numbers are recorded.
The market has made its move.
Source: Moneycontrol
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