Shri Techtex IPO GMP, Review, Price & Allotment

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

Shri Techtex limited

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 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 ValueINR 10 per share
Retail Allocation35%
Listing OnNSE SME

Shri Techtex Financial Performance

Shri Techtex Valuations & Margins

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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 accounts4 August 2023
IPO Listing Date7 August 2023
Opening Price on NSE SMEComing soon
Closing Price on NSE SMEComing 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.

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