Shri Techtex was founded in 2011 and is a manufacturer of Polypropylene (PP) Non-Woven Fabric. Nonwoven fabric is more environmentally friendly for specific applications, particularly in fields and industries where disposable or single-use products are required, such as organic farming, hospitals, health care, nursing homes, home furnishing, vehicle upholstery seat fabrication, Mattress & furniture covering, ecological packaging, industrial and consumer goods. It currently produces PP non-woven fabric up to 4.5 meters in length
and 15 GSM to 800 GSM. Since FY 2011, the company has been engaged in the business of industrial trading activity in Polymers, Chemicals, Packaging Materials, and other connected items as a Partnership firm. Shri Techtex maintained manufacturing on a job-work basis after the Partnership Firm was converted into a business. As a result of the demerger, the contract manufacturing business was transferred to the resulting company Aurum Fabritech Private Limited on 1 April 2021 (Aurum Fabritech Private Limited was
converted to LLP on 2 February 2022). Since the demerger, the company has been involved in the production of Polypropylene (PP) Non-Woven Fabric. Shri Techtex’s production facility is located in Simaj of Dholka Taluka in Gujarat’s Ahmedabad District. The manufacturing plant is 41548 square metres and has a capacity of 3600 MT PP non-woven fabric per year.
The company intends to expand through this issue by introducing new products such as PP Tufted Fabric, often known as Artificial Grass, and PP Multifilament Yarns. Shri Techtex is in the process of importing specialised machinery for the production of the aforementioned new products, and both pieces of machinery are expected to be ready for commercial production by October 2023. The machinery will be installed with a capacity of 1200 tonnes per year for PP Multifilament and 30 lakh square metres per year 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.
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|
|Listing On||NSE SME|
Shri Techtex Financial Performance
|FY 2020||FY 2021||FY 2022||8M FY 2023|
Shri Techtex Valuations & Margins
|FY 2020||FY 2021||FY 2022|
|PE ratio||–||–||11.46 – 12.95|
Shri Techtex IPO Subscription – Live Updates
- Coming soon
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||4 August 2023|
|IPO Listing Date||7 August 2023|
|Opening Price on NSE SME||Coming soon|
|Closing Price on NSE SME||Coming soon|
Shri Techtex IPO FAQs :
Q1. What is the Shri Techtex IPO offer size?
Ans. Shri Techtex offer size is INR 39.96 – 45.14 crores.
Q2. What is the Shri Techtex offer price band?
Ans. Shri Techtex public offer price is INR 54 – 61 per share.
Q3. What is the lot size of Shri Techtex public offer?
Ans. Shri Techtex offer lot size is 2,000 shares.
Q4. What is Shri Techtex IPO GMP today?
Ans. Shri Techtex IPO GMP today is INR NA per share.
Q5. What is the Shri Techtex kostak rate today?
Ans. Shri Techtex kostak rate today is INR NA per application.
Q6. What is Shri Techtex Subject to Sauda rate today?
Ans. Shri Techtex Subject to Sauda rate today is INR NA per application.