Shri Techtex Limited
IPO Details
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Company Fin.
₹30(49.18%)
Premium (ELP)
Following its successful public offering, Shri Techtex Limited's made its market debut on Aug 04, 2023 and is now actively traded on the NSEplatform. The IPO mobilized 74,00,000 Shares in total capital, including 74,00,000 Shares in primary equity infusion.
The offering was structured with a price band of ₹54 to ₹61 and minimum investment lots of 2000 shares. Investor participation during the subscription window from Jul 26, 2023 to Jul 28, 2023 demonstrated market confidence in the company's prospects.
The allotment process concluded on Aug 02, 2023, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr. Hanskumar Ramakant Agarwal
- Mrs. Shradha Hanskumar Agarwal
Shri Techtex Limited
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