Shri Techtex IPO Details | GMP, Date, Price, Review

Shri Techtex IPO Shri Techtex Limited IPO

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Shri Techtex IPO Details ( Shri Techtex Limited IPO Review )

(26 Jul 2023 – 28 Jul 2023)

Shri Techtex Limited, established in 2011, specializes in producing Polypropylene (PP) Non-Woven Fabric in various sizes and densities. This fabric is widely used in eco-friendly applications, particularly in industries requiring disposable or single-use products, such as organic farming, healthcare, nursing homes, home furnishing, vehicle upholstery, packaging, and more.

Initially, Shri Techtex started as a Partnership firm engaged in industrial trading of Polymers, Chemicals, and Packaging Materials. Upon becoming a company, it continued its manufacturing operations on a job-work basis. However, due to a demerger in April 2021, the contract manufacturing business was transferred to a new company called Aurum Fabritech Private Limited (later converted to an LLP in February 2022). Since then, Shri Techtex has been solely focused on manufacturing Polypropylene (PP) Non-Woven Fabric.

The manufacturing facility of Shri Techtex is located in Simaj of Dholka Taluka, Ahmedabad District, Gujarat. The facility covers an area of 41548 sq. meters and has a production capacity of 3600 MT of PP non-woven fabric per annum. The company serves clients not only from Gujarat, Tamil Nadu, and West Bengal but also from countries like the USA, Taiwan, Canada, Denmark, and China.

Looking ahead, Shri Techtex is planning to expand its product range by introducing new items like PP Tufted Fabric, also known as Artificial Grass, and PP Multifilament Yarns. To achieve this, the company will acquire specialized machinery dedicated to manufacturing these new products. The production for PP Multifilament is expected to start by October 2023, with the machinery having a capacity to produce 1200 tons per annum. Similarly, the machinery for PP Tufted Fabric (Artificial Grass) will have an installed capacity of 30 Lakhs Sq Meters per annum.

Shri Techtex Limited Company Product

  • Non – Woven Febric Roll
  • Breathebale Non – Woven Febric
  • Non – Woven Febric

Application Of Our Products In Major Industries

  1. Non-Woven Geotextile
  2. Non-Woven Synthetic Roofing Underlayment
  3. Insulation Non-woven Fabric
  4. Furniture Industry
  5. Horticulture Industry
  6. Healthcare Industry

Shri Techtex Limited IPO Competitive Strength

  • Experienced Promoters and Management Team
  • Prime Location of our Manufacturing Facility and installed Capacity
  • Infrastructure and Integrated capabilities to deliver quality Products
  • Wide Application of Products
  • Expanding product portfolio
  • Continue improving financial performance through focus on operational and functional efficiencies
  • Leveraging our market skills and relationship
  • Optimal Utilization of Resources

Shri Techtex Limited SWOT Analysis

Shri Techtex IPO Financials Performance ( Results )

Shri Techtex Limited Financial Information ( Restated )

All Amount in ₹ Lakhs

Period EndedTotal AssetsTotal RevenuePATEPS
Net WorthNAV

Objective of IPO Issue

  • Construction of Factory Shed
  • Commissioning of Solar Plant
  • Purchase of Machineries
  • To meet working capital requirements
  • General corporate purpose, and to meet public issue expenses

Shri Techtex IPO Basic Details

IPO DateJul 26, 2023 to Jul 28, 2023
Listing DateTuesday, August 07, 2023
Face Value₹10 per share
Price₹54 to ₹61 per share
Lot Size2000 Shares
Issue Size7,400,000 shares
(aggregating up to ₹45.14 Cr)
Fresh Issue7,400,000 shares
(aggregating up to ₹45.14 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue17,550,000
Share holding post issue24,950,000
Company PromotersMr. Hanskumar Ramakant Agarwal
And Mrs. Shradha Hanskumar Agarwal

Shri Techtex IPO Reservation

QIB Shares Offered50% of the Net Issue
NII (HNI) Shares Offered15% of the Net Issue
Retail Shares Offered35% of the Net Issue

Shri Techtex IPO Timetable

Shri Techtex IPO will open on July 26, 2023 and close on July 28, 2023. You can join Shri Techtex IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Opening Date26 July 2023 (Wednesday)
Closing Date28 July 2023 (Friday)
Basis of Allotment02 August 2023 (Wednesday)
Initiation of Refunds03 August 2023 (Thursday)
Credit of Shares to Demat04 August 2023 (Friday)
Listing Date07 August 2023 (Monday)
Deadline for UPI mandate confirmation5 PM on 28 July 2023

Shri Techtex IPO Lot Size

For retail investors in Shri Techtex IPO, 2000 shares will come in 1 lot or the minimum investment will be ₹122,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹122,000.

Retail (Min)12000₹122,000
Retail (Max)12000₹122,000
S-HNI (Min)24000₹244,000

Shri Techtex IPO Promoter Holding

The company’s promoters include Mr. Hanskumar Ramakant Agarwal And Mrs. Shradha Hanskumar Agarwal.

Pre Issue Share Holding100.00%
Post Issue Share Holding

Shri Techtex Ltd IPO Key Performance Indicator ( Valuation )

In the table given below, all the figures have been told according to the latest financial year.

Market Cap (₹ Cr.)152.2
Earning Per Share (EPS)₹5.19 per Equity Share
Net Asset Value (NAV)₹16.99 per Equity Share
P/E Ratio (P/E) (x)16.71
Return on Net Worth (RoNW) (%)30.54
Return on equity (ROE) (%)35.84
Return on Capital Employed (ROCE) (%)20.07
Debt/Equity Ratio1.07
Upper Price/Book Value (Price/BV) Ratio3.59

Shri Techtex Ltd Peer Comparison

Company NameConsolidated/
Shri Techtex
Peer Group
Garware Technical
Fabrics Limited
Shubham Polyspin

Shri Techtex IPO GMP Live Update, Kostak Rate day by day

DateGMPKostakSubject to
1 August 2023₹35
31 July 2023₹35
30 July 2023₹35
29 July 2023₹35
28 July 2023₹40
27 July 2023₹40
26 July 2023₹30
25 July 2023₹24
24 July 2023₹20
23 July 2023₹15
22 July 2023₹13
21 July 2023₹10

Shri Techtex IPO Detail Video:

Shri Techtex IPO Subscription Status (Bidding Detail)

The Shri Techtex IPO on July 28, 2023 at 7:30:00 PM was subscribed 148.44 times, with the retail category being subscribed 156.37 times, the NII (Non-Institutional Investor) category being subscribed 250.65 times and the QIB (Qualified-Institutional Buyers) category being subscribed 58.03 times.


Shri Techtex IPO Prospectus

Shri Techtex IPO DRHPDownload
Shri Techtex IPO RHPDownload
Shri Techtex IPO Anchor Investors Details PDFDownload

Shri Techtex IPO Rating

Our Rating3.0/5.0

Shri Techtex Company Contact Information

Shri Techtex Limited

Registered Office: Harmony, 2nd Floor,15/A, Shree Vidhyanagar Co.Op. Hsg. Soc. Ltd. Opp. NABARD, Nr. Usmanpura Garden Ahmedabad -380014, Gujarat, India.
Telephone No: +91 78741 32777
Company Secretary and Compliance Officer: Mrs. Akanksha Aswani
Promoters Of Our Company: Mr. Hanskumar Ramakant Agarwal And Mrs. Shradha Hanskumar Agarwal
Corporate Identification Number: U36900GJ2018PLC104005

Shri Techtex IPO Registrar

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 22 4918 6200
Fax: 022 – 4918 6060
Email Id:
Investors Grievance Id:
Contact Person: Shanti Goapalkrishnan
CIN: U67190MH1999PTC118368

Shri Techtex IPO Lead Manager

Beeline Capital Advisors Private Limited

SEBI Registration Number: INM000012917
Address: 807, Phoenix, Opp. Girish Cold Drinks, Near Vijay Cross Roads, Navrangpura, Ahmedabad –
380009, Gujarat.
Telephone Number: 079 4840 5357
Email Id:
Investors Grievance Id:
Contact Person: Mr. Nikhil Shah
CIN: U67190GJ2020PTC114322

Shri Techtex IPO FAQs

What is the lot size of Shri Techtex IPO?

The total size of Shri Techtex IPO is ₹45.14 crores and this is a complete fresh Issue.

When will Shri Techtex IPO start?

Shri Techtex IPO will open from 26 July 2023 and IPO will close on 28 July 2023.

What is the open date of Shri Techtex IPO?

Shri Techtex IPO will open date from 26 July 2023.

What is the last date ( close date ) of Shri Techtex IPO?

Shri Techtex IPO will close from 28 July 2023.

What is the price band of Shri Techtex IPO?

Shri Techtex IPO price band is ₹54 to ₹61. ( Upper Price Band: ₹61, Lower Price Band: ₹54 )

What is the minimum amount required to apply for Shri Techtex IPO?

The minimum investment for retailers to apply for Shri Techtex IPO is ₹122,000 and the maximum investment is ₹122,000.

What is going on gray market premium of Shri Techtex IPO?

View gray market premium of Shri Techtex IPO by Clicking Here

How much is the GMP of Shri Techtex IPO?

Watch Shri Techtex IPO GMP Today: Click Here

What is the allotment date of Shri Techtex IPO?

The allotment date of Shri Techtex IPO is 02 Aug 2023.

How to check allotment status in Shri Techtex IPO?

To check the allotment status of Shri Techtex IPO, first of all go to the registrar website by clicking here, select your bad Shri Techtex IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )

What is the listing date of Shri Techtex IPO?

The listing date of Shri Techtex IPO is 07 Aug 2023.

How much will be the listing gain in Shri Techtex IPO?

View listing gain of Shri Techtex IPO by Clicking Here

How much time Shri Techtex IPO is subscribed?

Total 148.44 times subscribed in Shri Techtex IPO out of which 156.37 times subscription was done in retail quota, 250.65 times subscription in NII quota and 58.03 times subscription in QIB quota.

How to apply for Shri Techtex IPO from Upstox?

Click Here to see how to apply for Shri Techtex IPO from Upstox. (step by step)

How to apply for Shri Techtex IPO from Zerodha?

Click Here to see how to apply for Shri Techtex IPO from Zerodha. (step by step)

How to apply for Shri Techtex IPO from Angle One?

Click Here to see how to apply for Shri Techtex IPO from Angle One. (step by step)

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