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
- Non-Woven Geotextile
- Non-Woven Synthetic Roofing Underlayment
- Insulation Non-woven Fabric
- Furniture Industry
- Horticulture Industry
- 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 Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-20 | 1,766.65 | 1,625.73 | 447.23 | 2.55 | 808.49 | – | 588.04 | 488.05 |
| 31-Mar-21 | 4,652.15 | 4,021.58 | 1,265.68 | 7.21 | 2,075.69 | – | 1,853.72 | 1,498.66 |
| 31-Mar-22 | 5,282.41 | 5,182.15 | 826.56 | 4.71 | 2,099.47 | 11.96 | 1,875.99 | 2,451.57 |
| 31-Mar-23 | 7,386.45 | 5,807.58 | 910.63 | 5.19 | 2,981.50 | 16.99 | 1,256.61 | 3,188.98 |
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 Date | Jul 26, 2023 to Jul 28, 2023 |
| Listing Date | Tuesday, August 07, 2023 |
| Face Value | ₹10 per share |
| Price | ₹54 to ₹61 per share |
| Lot Size | 2000 Shares |
| Issue Size | 7,400,000 shares (aggregating up to ₹45.14 Cr) |
| Fresh Issue | 7,400,000 shares (aggregating up to ₹45.14 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,550,000 |
| Share holding post issue | 24,950,000 |
| Company Promoters | Mr. Hanskumar Ramakant Agarwal And Mrs. Shradha Hanskumar Agarwal |
Shri Techtex IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% 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.
| Event | Date |
| Opening Date | 26 July 2023 (Wednesday) |
| Closing Date | 28 July 2023 (Friday) |
| Basis of Allotment | 02 August 2023 (Wednesday) |
| Initiation of Refunds | 03 August 2023 (Thursday) |
| Credit of Shares to Demat | 04 August 2023 (Friday) |
| Listing Date | 07 August 2023 (Monday) |
| Deadline for UPI mandate confirmation | 5 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.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹122,000 |
| Retail (Max) | 1 | 2000 | ₹122,000 |
| S-HNI (Min) | 2 | 4000 | ₹244,000 |
Shri Techtex IPO Promoter Holding
The company’s promoters include Mr. Hanskumar Ramakant Agarwal And Mrs. Shradha Hanskumar Agarwal.
| Pre Issue Share Holding | 100.00% |
| 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.
| KPI | Values |
| 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 Ratio | 1.07 |
| Upper Price/Book Value (Price/BV) Ratio | 3.59 |
Shri Techtex Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | CPM (₹) | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Shri Techtex Limited | Standalone | 61 | 10 | 5.19 | 16.71 | 30.54 | 16.99 |
| Peer Group | |||||||
| Garware Technical Fabrics Limited | Standalone | 3,390.65 | 10 | 77.96 | 43.49 | 16.13 | 483.19 |
| Shubham Polyspin Limited | Standalone | 34.30 | 10 | 0.61 | 56.23 | 4.95 | 12.37 |
Shri Techtex IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject 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.
| Category | Subscription |
| QIB | 58.03x |
| NII | 250.65x |
| Retail | 156.37x |
| Total | 148.44x |
Shri Techtex IPO Prospectus
| Shri Techtex IPO DRHP | Download |
| Shri Techtex IPO RHP | Download |
| Shri Techtex IPO Anchor Investors Details PDF | Download |
Shri Techtex IPO Rating
| Our Rating | 3.0/5.0 |
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.
Website: www.shritechtex.com
E-Mail: cs@shritechtex.co.in
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: shritechtex.ipo@linkintime.co.in
Investors Grievance Id: shritechtex.ipo@linkintime.co.in
Website: www.linkintime.co.in
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: mb@beelinemb.com
Investors Grievance Id: ig@beelinemb.com
Website: www.beelinemb.com
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?
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