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 certain applications, especially in fields and industries where disposable or single-use products are important, such as organic farming, hospitals, health care, nursing homes, home furnishing, vehicle upholstery seat fabrication, Mattress & furniture covering, ecological packaging, industrial and consumer goods. They manufacture PP non-woven fabric in a variety of sizes and densities. As of the date of this Red Herring Prospectus, they manufacture PP non-woven fabric up to 4.5 meters in size and 15 GSM to 800 GSM.
The company’s manufacturing facility is situated at Simaj of Dholka Taluka in Ahmedabad District of Gujarat. The manufacturing facility is well connected with near about transport hubs. Our manufacturing facility is spread across 41548 sq. meters. The manufacturing facility is installed with a manufacturing capacity of 3600 MT PP non-woven fabric per annum.
Shri Techtex has experienced sustained growth concerning the various financial indicators as well as a consistent improvement in our balance sheet position in the last three Fiscals, wherein we have seen an increase in our net worth. They have organically grown our operations over the years.
Objects of the Issue:
- 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 Review
- May Apply
Shri Techtex IPO Date & Price Band Details
| IPO Open: | July 26, 2023 |
| IPO Close: | July 28, 2023 |
| IPO Size: | Approx ₹45.14 Crores, 7,400,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹54 to ₹61 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Shri Techtex IPO Market Lot
The Shri Techtex IPO minimum market lot is 2000 shares with a ₹122,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹122,000 |
| Retail Maximum | 1 | 2000 | ₹122,000 |
| S-HNI Minimum | 2 | 4000 | ₹244,000 |
Shri Techtex IPO Dates
The Shri Techtex IPO date is July 26 and the IPO close date is July 28. The IPO allotment date is August 2 and the IPO might list on August 4.
| IPO Open Date: | July 26, 2023 |
| IPO Close Date: | July 28, 2023 |
| Basis of Allotment: | August 2, 2023 |
| Refunds: | August 3, 2023 |
| Credit to Demat Account: | August 4, 2023 |
| IPO Listing Date: | August 4, 2023 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Shri Techtex IPO Form
How to apply Shri Techtex IPO? You can apply Shri Techtex IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Shri Techtex IPO in the Invest section. The other option you can apply Shri Techtex IPO via IPO forms download via the NSE website. Check out the Shri Techtex forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Shri Techtex Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2020 | ₹- | ₹- | ₹- |
| 2021 | ₹40.22 | ₹23.42 | ₹12.66 |
| 2022 | ₹51.82 | ₹41.19 | ₹8.27 |
| 2023 6M | ₹58.08 | ₹46.47 | ₹9.11 |
Shri Techtex IPO Valuation – FY2022
Check Shri Techtex IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹5.19 per Equity Share |
| Price/Earning P/E Ratio: | 5.19 |
| Return on Net Worth (RoNW): | 60.98% |
| Net Asset Value (NAV): | ₹30.54 per Equity Share |
Peer Group
- Garware TechnicalFabrics Limited
- Shubham Polyspin Limited
Company Promoters
- Mr. Hanskumar Ramakant Agarwal
- Mrs. Shradha Hanskumar Agarwal
Shri Techtex IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/
Shri Techtex IPO Allotment Status
Check Shri Techtex IPO allotment status on Link Intime website URL. Click Here
Shri Techtex IPO Lead Managers aka Merchant Bankers
- Beeline Capital Advisors Pvt Ltd
Company Address
Shri Techtex Limited
Harmony, 2nd Floor,15/A, Shree Vidhyanagar Co.Op.
Hsg. Soc. Ltd. Opp. Nabard,
Nr. Usmanpura Garden Ahmedabad – 380014
Phone: +91 78741 32777
Email: [email protected]
Website: https://shritechtex.com/
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