Shri Techtex Limited, a renowned manufacturing company, specializes in producing Polypropylene (PP) Non-Woven Fabric, catering to a wide range of ecological applications. The fabric finds extensive use in industries and fields that require disposable or single-use products. Some of the prominent sectors served by their fabric include organic farming, hospitals, healthcare facilities, nursing homes, home furnishing, vehicle upholstery seat fabrication, mattress and furniture covering, ecological packaging, as well as industrial and consumer goods.
Their state-of-the-art manufacturing site, located in Simaj of Dholka Taluka, Ahmedabad District, Gujarat, spans an impressive 41548 square meters. With a manufacturing capacity of 3600 MT of PP non-woven fabric per annum, they have established a solid foundation for their production operations.
Shri Techtex has successfully developed a diverse client base, not only from Gujarat, Tamil Nadu, and West Bengal but also from international markets including the USA, Taiwan, Canada, Denmark, and China.
Looking ahead, Shri Techtex has ambitious expansion plans in the pipeline. They aim to introduce new products, such as PP Tufted Fabric, commonly known as Artificial Grass, and PP Multifilament Yarns. To achieve this, the company will invest in specialized machinery dedicated to manufacturing these new offerings. The anticipated production commencement for these products is October 2023. The machinery’s installed capacity will be able to manufacture 1200 tons per annum for PP Multifilament Yarns and 30 Lakhs Sq Meters per annum for PP Tufted Fabric (Artificial Grass).
With a strong commitment to innovation and growth, Shri Techtex continues to position itself as a leader in the production of high-quality PP Non-Woven Fabric, while embracing the opportunities presented by the introduction of new and exciting product lines.
Shri Techtex Limited Stock Quote #
- Open: ₹100.20
- High – Low: ₹104.20 – ₹100.20
- Previous Close: ₹98.70
- Total Traded Value: 4,24,000
- Updated On: Aug 22, 2023 4:00 PM
IPO Details #
Shri Techtex IPO is a Book Built Issue. The IPO total issue size is Rs 45.14 Cr. The Shri Techtex IPO price is ₹54 to ₹61 per share. The IPO will list on NSE SME.
| IPO Date | Jul 26, 2023 to Jul 28, 2023 |
| Listing Date | Aug 4, 2023 |
| Face Value | ₹10 per share |
| Price | ₹54 to ₹61 per share |
| Lot Size | 2000 Shares |
| Total 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 |
| Market Maker portion | 372,000 shares Sunflower Broking |
Shri Techtex IPO Reservation #
Shri Techtex IPO a total of 7,400,000 shares are offered. QIB: 1,410,000 (19.05%), RII: 2,462,000 (33.27%), NII: 1,056,000 (14.27%).
| Anchor Investor Shares Offered | 2,100,000 (28.38%) |
| Market Maker Shares Offered | 372,000 (5.03%) |
| QIB Shares Offered | 1,410,000 (19.05%) |
| NII (HNI) Shares Offered | 1,056,000 (14.27%) |
| Retail Shares Offered | 2,462,000 (33.27%) |
| Total Shares Offered | 7,400,000 (100%) |
Shri Techtex IPO Timetable (Tentative) #
Shri Techtex IPO opens on Jul 26, 2023, and closes on Jul 28, 2023.
| IPO Open Date | Wednesday, 26 July 2023 |
| IPO Close Date | Friday, 28 July 2023 |
| Basis of Allotment | Wednesday, 2 August 2023 |
| Initiation of Refunds | Thursday, 3 August 2023 |
| Credit of Shares to Demat | Friday, 4 August 2023 |
| Listing Date | Monday, 7 August 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jul 28, 2023 |
Shri Techtex IPO Lot Size #
The minimum lot size of this Shri Techtex IPO is 2000 shares required is ₹122,000.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹122,000 |
| Retail (Max) | 1 | 2000 | ₹122,000 |
| HNI (Min) | 2 | 4,000 | ₹244,000 |
| Lot Size Calculator | |||
Shri Techtex IPO Promoter Holding #
Mr. Hanskumar Ramakant Agarwal and Mrs. Shradha Hanskumar Agarwal are the company promoters.
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 70.34% |
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 1,766.65 | 1,625.73 | 447.23 | 808.49 | 588.04 | 488.05 |
| 31-Mar-21 | 4,652.15 | 4,021.58 | 1,265.68 | 2,075.69 | 1,853.72 | 1,498.66 |
| 31-Mar-22 | 5,282.41 | 5,182.15 | 826.56 | 2,099.47 | 1,875.99 | 2,451.57 |
| 31-Mar-23 | 7,386.45 | 5,807.58 | 910.63 | 2,981.50 | 1,256.61 | 3,188.98 |
| Amount in ₹ Lakhs | ||||||
Key Performance Indicator #
Shri Techtex IPO Market Cap is Rs 152.2 Cr and P/E (x) is 16.71.
| KPI | Values |
|---|---|
| P/E (x) | 16.71 |
| Market Cap (₹ Cr.) | 152.2 |
| ROE | 35.84% |
| ROCE | 20.07% |
| Debt/Equity | 1.07 |
| EPS (Rs) | 5.19 |
| RoNW | 30.54% |
Objects of the Issue #
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- 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 Subscription Status (Bidding Detail) #
The Shri Techtex IPO is subscribed 148.44 times on Jul 28, 2023 7:29:00 PM. The public issue subscribed 156.37 times in the retail category, 58.03 times in the QIB category, and 250.65 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 58.03 |
| NII | 250.65 |
| Retail | 156.37 |
| Total | 148.44 |
Total Application : 192,493 (156.37 times)
Shri Techtex IPO Prospectus #
- › Shri Techtex IPO DRHP
- › Shri Techtex IPO RHP
- › Anchor Investors in Shri Techtex IPO
Company Contact Information #
Harmony, 2nd Floor,15/A, Shree Vidhyanagar Co.Op.
Hsg. Soc. Ltd. Opp. Nabard,
Nr. Usmanpura Garden Ahmedabad – 380014
Phone: +91 78741 32777
Email: cs@shritechtex.co.in
Website: https://shritechtex.com/
Shri Techtex IPO Registrar #
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: shritechtex.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
Shri Techtex IPO Lead Manager(s) #
FAQs #
When does the Shri Techtex IPO open and close? #
The Shri Techtex IPO opens on July 26, 2023, and closes on July 28, 2023.
What is the issue price of the Shri Techtex IPO? #
The issue price of the Shri Techtex IPO is ₹61 per equity share.
What is the lot size for the Shri Techtex IPO? #
The lot size for the Shri Techtex IPO is 2000 shares.
What is the IPO size of Shri Techtex? #
The IPO size of Shri Techtex is approximately ₹45.14 Crores, consisting of 7,400,000 equity shares.
What is the basis of allotment date for the Shri Techtex IPO? #
The basis of allotment for the Shri Techtex IPO is scheduled for August 2, 2023.
When will the Shri Techtex IPO shares be credited to the demat account? #
The credit of Shri Techtex IPO shares to the demat account is expected to be done on August 4, 2023.
What is the listing date for the Shri Techtex IPO? #
The listing date for the Shri Techtex IPO is August 7, 2023.
What is the subscription status of Shri Techtex IPO for different investor categories? #
The subscription status for Shri Techtex IPO as of the provided information is as follows:
- Qualified Institutional Buyers (QIB): 58.03 times oversubscribed
- Non-Institutional Investors (NII): 250.65 times oversubscribed
- Retail Individual Investors (RII): 156.37 times oversubscribed.
What are the products manufactured by Shri Techtex? #
Shri Techtex Limited manufactures Polypropylene (PP) Non-Woven Fabric used in various ecological applications, such as organic farming, hospitals, healthcare, home furnishing, industrial and consumer goods, among others.
Please note that the above FAQs are generated based on the information provided, and for the most accurate and up-to-date information, it’s best to refer directly to the official prospectus and relevant IPO documents.
