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Shri Techtex IPO is a book build issue of ₹45.14 crores. The issue is entirely a fresh issue of 0.74 crore shares of ₹45.14 crore.
Shri Techtex IPO bidding started from Jul 26, 2023 and ended on Jul 28, 2023. The allotment for Shri Techtex IPO was finalized on Aug 2, 2023. The shares got listed on NSE SME on Aug 4, 2023.
Shri Techtex IPO price band is set at ₹61.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,08,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,44,000.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Sunflower Broking Pvt.Ltd..
Refer to Shri Techtex IPO RHP for detailed Information.
| IPO Date | July 26, 2023 to July 28, 2023 |
| Listing Date | August 4, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹54 to ₹61 per share |
| Issue Price Final | ₹61 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 74,00,000 shares (aggregating up to ₹45.14 Cr) |
| Reserved for Market Maker | 3,72,000 shares Sunflower Broking Pvt.Ltd. (aggregating up to ₹2.27 Cr) |
| Net Offered to Public | 70,28,000 shares (aggregating up to ₹42.87 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,75,50,000 shares |
| Share Holding Post Issue | 2,49,50,000 shares |
Shri Techtex IPO offers total 74,00,000 shares. Out of which 35,10,000 (47.43%) allocated to QIB, 14,10,000 (19.05%) allocated to QIB, 10,56,000 (14.27%) allocated to NII, 24,62,000 (33.27%) allocated to RII and 21,00,000 (28.38%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,72,000 (5.03%) |
| QIB Shares Offered | 35,10,000 (47.43%) |
| − Anchor Investor Shares Offered | 21,00,000 (28.38%) |
| − QIB (Ex. Anchor) Shares Offered | 14,10,000 (19.05%) |
| NII (HNI) Shares Offered | 10,56,000 (14.27%) |
| Retail Shares Offered | 24,62,000 (33.27%) |
| Total Shares Offered | 74,00,000 (100.00%) |
Shri Techtex IPO raises ₹12.81 crore from anchor investors. Shri Techtex IPO Anchor bid date is July 25, 2023. Shri Techtex IPO Anchor Investors list
| Bid Date | July 25, 2023 |
| Shares Offered | 21,00,000 |
| Anchor Portion Size (In Cr.) | 12.81 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 1, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 31, 2023 |
Shri Techtex IPO opens on July 26, 2023, and closes on July 28, 2023.
| IPO Open Date | Wed, Jul 26, 2023 |
| IPO Close Date | Fri, Jul 28, 2023 |
| Tentative Allotment | Wed, Aug 2, 2023 |
| Initiation of Refunds | Thu, Aug 3, 2023 |
| Credit of Shares to Demat | Fri, Aug 4, 2023 |
| Tentative Listing Date | Fri, Aug 4, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jul 28, 2023 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,22,000 |
| Retail (Max) | 1 | 2,000 | ₹1,22,000 |
| HNI (Min) | 2 | 4,000 | ₹2,44,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2011, Shri Techtex Limited manufactures Polypropylene (PP) Non-Woven Fabric in a variety of sizes and densities.
The company manufactures Polypropylene (PP) Non-Woven Fabric, which is used for ecological applications, especially in fields and industries where disposable or single-use products are necessary, such as organic farming, hospitals, health care, nursing homes, home furnishing, vehicle upholstery seat fabrication, Mattress & furniture covering, ecological packaging, industrial and consumer goods.
Since FY 2011, as a Partnership firm, Shri Techtex 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. April 01, 2021, as a result of 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. February 02, 2022). After the demerger, to date, the company is engaged in the business of manufacturing Polypropylene (PP) Non-Woven Fabric.
Shri Techtex's manufacturing site is located at Simaj of Dholka Taluka in the Ahmedabad District of Gujarat with a manufacturing capacity of 3600 MT PP non-woven fabric per annum. The manufacturing facility is spread across 41548 sq. meters.
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 is planning an expansion by adding new products like PP Tufted Fabric, commonly known as Artificial Grass and PP Multifilament Yarns. The company will purchase new specialized machinery for manufacturing the new products, and is expecting to commence 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).
| 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 | ||||||
The market capitalization of Shri Techtex IPO is ₹152.20 Cr.
| KPI | Values |
|---|---|
| ROE | 35.84% |
| ROCE | 20.07% |
| Debt/Equity | 1.07 |
| RoNW | 30.54% |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company operates in a highly competitive segment with many players around. Its FY21 performance raised eyebrows and after that, though the top line marked growth, its bottom line expressed declining margins. Hence, the sustainability of margins in the future is a significant concern. Though the issue appears reasonably priced, well-informed cash surplus investors may park funds with a long-term perspective. Read detail review...
| Listing Date | August 4, 2023 |
| BSE Script Code | |
| NSE Symbol | SHRITECH |
| ISIN | INE0OMF01015 |
| Final Issue Price | ₹61 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹61.00 |
| Open | ₹81.15 |
| Low | ₹77.20 |
| High | ₹85.20 |
| Last Trade | ₹85.20 |
Shri Techtex Ltd.
Harmony, 2nd Floor,15/A, Shree Vidhyanagar Co.Op.
Hsg. Soc. Ltd. Opp. Nabard,
Nr. Usmanpura Garden,
Ahmedabad, Gujarat, 380014
Phone: +91 78741 32777
Email: cs@shritechtex.co.in
Website: https://shritechtex.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: shritechtex.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Shri Techtex IPO is a SME IPO of 74,00,000 equity shares of the face value of ₹10 aggregating up to ₹45.14 Crores. The issue is priced at ₹61 per share. The minimum order quantity is 2000.
The IPO opens on July 26, 2023, and closes on July 28, 2023.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Shri Techtex IPO using UPI as a payment gateway. Zerodha customers can apply in Shri Techtex IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shri Techtex IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shri Techtex IPO opens on July 26, 2023 and closes on July 28, 2023.
Shri Techtex IPO lot size is 2000, and the minimum amount required for application is ₹1,22,000.
You can apply in Shri Techtex IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Shri Techtex IPO will be done on Wednesday, August 2, 2023, and the allotted shares will be credited to your demat account by Friday, August 4, 2023. Check the Shri Techtex IPO allotment status.
The Shri Techtex IPO listing date is on Friday, August 4, 2023.
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