Shri Techtex IPO GMP, Review, Price, Allotment

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Last updated on August 4, 2023

Shri Techtex IPO GMP

Shri Techtex IPO Description – Incorporated in 2011, Shri Techtex is engaged in the business of manufacturing Polypropylene (PP) Non-Woven Fabric. The practical use of non-woven fabric is more ecological for specific applications, especially in fields and industries where disposable or single-use products are essential, such as organic farming, hospitals, health care, nursing homes, home furnishing, vehicle upholstery seat fabrication, Mattress & furniture covering, ecological packaging, industrial and consumer goods. As of now, it manufactures PP non-woven fabric up to 4.5 meters in size and 15 GSM to 800 GSM.

Shri Techtex’s manufacturing facility is situated at Simaj of Dholka Taluka in Ahmedabad District of Gujarat. The manufacturing facility is spread across 41548 sq. meters with a manufacturing capacity of 3600 MT PP non-woven fabric per annum.

Since FY 2011, as a Partnership firm, the company was engaged in the business of industrial trading activity in Polymers, Chemicals, Packaging Materials, and other allied products. Upon conversion of the Partnership Firm to a company, Shri Techtex continued manufacturing on a job-work basis. w.e.f. 1 April 2021, as a result of the demerger, the said business of contract manufacturing was transferred to the resultant company Aurum Fabritech Private Limited (Aurum Fabritech Private Limited was converted to LLP w.e.f. 2 February 2022). After the demerger, to date, the company is engaged in the business of manufacturing Polypropylene (PP) Non-Woven Fabric.

Shri Techtex Ltd

The company is planning an expansion, through this Issue by adding new products PP Tufted Fabric, commonly known as Artificial Grass, and PP Multifilament Yarns. Shri Techtex is in the process of importing specialized machinery for manufacturing the said new products and expects both pieces of machinery to be ready for commercial production by October 2023. The machinery will have an installed capacity to manufacture 1200 tons per annum for the PP Multifilament and 30 Lakhs Sq Meters per annum for PP Tufted Fabric (Artificial Grass).

The company’s client base comes from Gujarat, Tamil Nadu, and West Bengal as well as countries like the USA, Taiwan, Canada, Denmark, and China.

Promoters of Shri Techtex- Mr. Hanskumar Ramakant Agarwal and Mrs. Shradha Hanskumar Agarwal


Shri Techtex IPO Details

Shri Techtex IPO Dates26 – 28 July 2023
Shri Techtex Issue PriceINR 54 – 61 per share
Fresh issue74,00,000 shares (INR 39.96 – 45.14 crore)
Offer For SaleNIL
Total IPO size74,00,000 shares (INR 39.96 – 45.14 crore)
Minimum bid (lot size)2,000 shares (INR 1,22,000)
Face Value INR 10 per share
Retail Allocation35%
Listing OnNSE SME

Shri Techtex Financial Performance

 FY 2021FY 2022FY 2023
Revenue39.4751.1856.92
Expenses23.4341.1946.47
Net income12.668.279.11
Figures in INR Crores unless specified otherwise

Shri Techtex Offer News


Shri Techtex Valuations & Margins

FY 2021FY 2022FY 2023
EPS7.214.715.19
PE ratio10.40 – 11.75
RONW (%)60.9839.3730.54
NAV11.8311.9616.99
ROCE (%)44.5529.2120.07
EBITDA (%)45.7923.9621.97
Debt/Equity0.721.171.07
*Compiled by IPO Central from Prospectus

Shri Techtex IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
3 August 20233050,000
2 August 2023301,10045,000
1 August 2023301,10045,000
31 July 2023301,10045,000
29 July 2023301,10045,000
28 July 20232027,000
27 July 20232227,000
26 July 20232024,000
25 July 20231520,000
24 July 20231520,000

Shri Techtex IPO Subscription – Live Updates

CategoryQIBNIIRetailTotal
Shares Offered1,410,0001,428,0002,462,0005,300,000
28 Jul 202358.03185.59156.24138.02
27 Jul 202311.5322.3047.4031.10
26 Jul 20234.501.396.944.53

Shri Techtex IPO Allotment Status

Shri Techtex IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.


Shri Techtex IPO Dates & Listing Performance

IPO Opening Date26 July 2023
IPO Closing Date28 July 2023
Finalization of Basis of Allotment2 August 2023
Initiation of refunds3 August 2023
Transfer of shares to demat accounts3 August 2023
IPO Listing Date4 August 2023
Opening Price on NSE SMEINR 81.15 per share (up 33.03%)
Closing Price on NSE SMEINR 85.20 per share (up 39.67%)

Shri Techtex Offer Lead Manager

BEELINE CAPITAL ADVISORS PRIVATE LIMITED
807, Phoenix, Opp. Girish Cold Drinks,
Near Vijay Cross Roads, Navrangpura, Ahmedabad – 380009
Phone: 079 4840 5357
Email[email protected]
Website: www.beelinemb.com


Shri Techtex Offer Registrar

LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor,
247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai – 400083,
Maharashtra
Phone: +91 22 49186200
E-mail: [email protected]
Website: www.linkintime.co.in


Shri Techtex Contact Details

SHRI TECHTEX LIMITED
Harmony, 2nd Floor,15/A, Shree Vidhyanagar Co.Op. Hsg. Soc. Ltd.
Opp. NABARD, Nr. Usmanpura Garden Ahmedabad -380014, Gujarat
Phone: +91 78741 32777
E-mail: [email protected]
Website: www.shritechtex.com


IPO FAQs

What is the Shri Techtex IPO offer size?

Shri Techtex offer size is INR 39.96 – 45.14 crores.

What is the Shri Techtex offer price band?

Shri Techtex public offer price is INR 54 – 61 per share.

What is the lot size of Shri Techtex public offer?

Shri Techtex offer lot size is 2,000 shares.

What is Shri Techtex IPO GMP today?

Shri Techtex IPO GMP today is INR 30 per share.

What is the Shri Techtex kostak rate today?

Shri Techtex kostak rate today is INR NA per application.

What is Shri Techtex Subject to Sauda rate today?

Shri Techtex Subject to Sauda rate today is INR 50,000 per application.

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