Last updated on August 4, 2023
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.
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
Table of Contents
Shri Techtex IPO Details
| Shri Techtex IPO Dates | 26 – 28 July 2023 |
| Shri Techtex Issue Price | INR 54 – 61 per share |
| Fresh issue | 74,00,000 shares (INR 39.96 – 45.14 crore) |
| Offer For Sale | NIL |
| Total IPO size | 74,00,000 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 Allocation | 35% |
| Listing On | NSE SME |
Shri Techtex Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 |
| Revenue | 39.47 | 51.18 | 56.92 |
| Expenses | 23.43 | 41.19 | 46.47 |
| Net income | 12.66 | 8.27 | 9.11 |
Shri Techtex Offer News
- Shri Techtex RHP
- Shri Techtex Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Shri Techtex Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 7.21 | 4.71 | 5.19 |
| PE ratio | – | – | 10.40 – 11.75 |
| RONW (%) | 60.98 | 39.37 | 30.54 |
| NAV | 11.83 | 11.96 | 16.99 |
| ROCE (%) | 44.55 | 29.21 | 20.07 |
| EBITDA (%) | 45.79 | 23.96 | 21.97 |
| Debt/Equity | 0.72 | 1.17 | 1.07 |
Shri Techtex IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 3 August 2023 | 30 | – | 50,000 |
| 2 August 2023 | 30 | 1,100 | 45,000 |
| 1 August 2023 | 30 | 1,100 | 45,000 |
| 31 July 2023 | 30 | 1,100 | 45,000 |
| 29 July 2023 | 30 | 1,100 | 45,000 |
| 28 July 2023 | 20 | – | 27,000 |
| 27 July 2023 | 22 | – | 27,000 |
| 26 July 2023 | 20 | – | 24,000 |
| 25 July 2023 | 15 | – | 20,000 |
| 24 July 2023 | 15 | – | 20,000 |
Shri Techtex IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 1,410,000 | 1,428,000 | 2,462,000 | 5,300,000 |
| 28 Jul 2023 | 58.03 | 185.59 | 156.24 | 138.02 |
| 27 Jul 2023 | 11.53 | 22.30 | 47.40 | 31.10 |
| 26 Jul 2023 | 4.50 | 1.39 | 6.94 | 4.53 |
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 Date | 26 July 2023 |
| IPO Closing Date | 28 July 2023 |
| Finalization of Basis of Allotment | 2 August 2023 |
| Initiation of refunds | 3 August 2023 |
| Transfer of shares to demat accounts | 3 August 2023 |
| IPO Listing Date | 4 August 2023 |
| Opening Price on NSE SME | INR 81.15 per share (up 33.03%) |
| Closing Price on NSE SME | INR 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:Â [email protected]
Website:Â 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:Â [email protected]
Website:Â 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.
