The Shri Techtex IPO started on July 26, 2023, and ended on July 28, 2023. Shares were allocated on August 02, 2023, and refund processes began on August 03, 2023. On August 04, 2023, the shares were credited to investors demat accounts. Shri Techtex was officially listed on the stock exchange on August 07, 2023.
During the IPO, Shri Techtex offered shares at a price range of ₹54 to ₹61 per share, and the lot size was 2000 shares. The total issue size was ₹45.14 crores, with ₹45.14 crores from new shares. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors..
Shri Techtex IPO Subscription Update Video
Shri Techtex IPO Subscription Status
The Shri Techtex IPO on July 28, 2023 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, 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 Limited IPO Basic Details
| Company Name | Shri Techtex Limited |
| Domain of Company | Polypropylene (PP) Non-Woven Fabric |
| IPO Open Date | July 26, 2023 |
| IPO Close Date | July 28, 2023 |
| IPO Allotment Date | August 02, 2023 |
| IPO Listing Date | 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 |
| Company Promoters | Mr. Hanskumar Ramakant Agarwal And Mrs. Shradha Hanskumar Agarwal |
About Shri Techtex Limited
Shri Techtex Limited was founded in 2011 and specializes in manufacturing Polypropylene (PP) Non-Woven Fabric in various sizes and densities. This fabric finds extensive use in environmentally friendly applications, especially in areas where single-use products are essential, such as organic farming, healthcare, nursing homes, home furnishing, vehicle upholstery, packaging, and consumer goods.
Before becoming a company in 2011, Shri Techtex operated as a Partnership firm engaged in industrial trading activities involving Polymers, Chemicals, Packaging Materials, and related products. However, after converting to a company, they focused on manufacturing through job-work basis. Later, due to a demerger in April 2021, the contract manufacturing business was transferred to a resultant company named Aurum Fabritech Private Limited, which was subsequently converted to an LLP in February 2022. Since the demerger, Shri Techtex has been exclusively involved in producing Polypropylene (PP) Non-Woven Fabric.
Their manufacturing facility is situated in Simaj of Dholka Taluka, Ahmedabad District, Gujarat, covering an area of 41548 sq. meters. The factory has a production capacity of 3600 MT of PP non-woven fabric per year.
The company serves clients not only in Gujarat, Tamil Nadu, and West Bengal but also in international markets like the USA, Taiwan, Canada, Denmark, and China.
As part of their expansion plans, Shri Techtex is venturing into new product lines, including PP Tufted Fabric (commonly known as Artificial Grass) and PP Multifilament Yarns. They are investing in specialized machinery to manufacture these products and anticipate starting production by October 2023. The new machinery will have a capacity to produce 1200 tons per annum of PP Multifilament Yarns and 30 Lakhs Sq Meters per annum of PP Tufted Fabric (Artificial Grass).
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Shri Techtex IPO FAQs
What is the start and end date of Shri Techtex IPO Subscription?
The Shri Techtex IPO started on July 26, 2023, and ended on July 28, 2023.
When does Shri Techtex IPO Subscription open?
The Shri Techtex IPO open on July 26, 2023.
When does Shri Techtex IPO Subscription close?
The Shri Techtex IPO Close on July 28, 2023.
What is the allotment date of Shri Techtex IPO?
The allotment date for Shri Techtex IPO is August 02, 2023.
When is the initial refund date of Shri Techtex IPO?
The initial Refund date for Shri Techtex IPO is August 03, 2023.
When were the shares credited to investors demat accounts for the Shri Techtex IPO?
The shares for the Shri Techtex IPO were credited to investors demat accounts on August 04, 2023.
When will Shri Techtex IPO be listed on the stock market?
Shri Techtex IPO stock market will be listed on August 07, 2023 at 10 am.
What was the price range of the Shri Techtex IPO shares?
The Shri Techtex IPO shares were offered at a price range of ₹54 to ₹61 per share.
What was the lot size for the Shri Techtex IPO shares?
The lot size for the Shri Techtex IPO shares was 2000 shares.
What was the total issue size of the Shri Techtex IPO?
The total issue size of the Shri Techtex IPO was ₹45.14 crores.
How were the shares allocated among different types of investors for the Shri Techtex IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Shri Techtex IPO listed?
The Shri Techtex IPO was listed on the NSE SME.
What is the Shri Techtex IPO Subscription Status?
Shri Techtex IPO is subscribed 00 Times.
