Shri Techtex IPO Date, Review, Price, Allotment, Analysis

Shri Techtex IPO Details: Shri Techtex IPO date is fixed, The IPO will open on July 26 and will close on July 28. Shri Techtex is an NSE SME IPO to raise ₹45.14 crores via IPO. The Shri Techtex IPO price band is fixed at ₹54 to ₹61 with a market lot of 2000 shares.

Shri Techtex IPO

Table of Contents

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.

ApplicationLot SizeSharesAmount
Retail Minimum12000₹122,000
Retail Maximum12000₹122,000
S-HNI Minimum24000₹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
YearRevenueExpensePAT
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/

Shri Techtex IPO FAQs


What is Shri Techtex IPO?

Shri Techtex IPO is an NSE SME IPO. They are going to raise ₹45.14 Crores via IPO. The issue is priced at ₹54 to ₹61 per equity share. The IPO is to be listed on NSE.

When Shri Techtex IPO will open?

The IPO is to open on July 26, 2023 for QIB, NII, and Retail Investors.

What is Shri Techtex IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Shri Techtex IPO?

You can apply Shri Techtex IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Shri Techtex IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Shri Techtex”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Shri Techtex IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Shri Techtex”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Shri Techtex IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Shri Techtex”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Shri Techtex IPO Size?

Shri Techtex IPO size is ₹45.14 crores.

What is Shri Techtex IPO Price Band?

Shri Techtex IPO Price Band is ₹54 to ₹61 per equity share.

What is Shri Techtex IPO Minimum and Maximum Lot Size?

The IPO bid is 2000 shares with ₹122,000.

What is Shri Techtex IPO Allotment Date?

Shri Techtex IPO allotment date is August 2, 2023.

What is Shri Techtex IPO Listing Date?

Shri Techtex IPO listing date is August 4, 2023. The IPO to list on NSE SME.

Note: The Shri Techtex IPO details are announced officially. The IPO grey market premium (Shri Techtex IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)

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