Shree ram twistex iPo: Cotton yarn maker Shri Ram Twistex Limited has submitted applications with market regulator SEBI to bring its Initial Public Offer (IPO). The Gujarat headquarters, with the Gujarat headquarters, filed Draft Red Hering Prospects (DRHP) near SEBI on Friday, June 27. Through this IPO, the company wants to raise funds for its power projects and working capital needs.
According to DRHP, this IPO will be completely an issue of 1.06 crore new equity stocks, which includes no offer for sale (offs). That is, the entire money from this issue will go to the company. Interactive Financial Services have been appointed as Book Running Lead Manager for this IPO.
Power projects and funds used
The company said that it will use the funds collected from the IPO for the following tasks-
– Using Rs 7.8 crore for setting up 6.1 MW solar power plant
– 39 crore rupees used for 4.2 MW Wind Power Plant (Captive Use)
– Rs 14.89 crore to repay the loan
– Use of Rs 44 crore for working capital needs
financial performance
In FY 2023-24, the company’s profit increased by 219.5% to Rs 31.6 crore on an annual basis, while the revenue increased by 8.7 percent to Rs 231.6 crore on an annual basis. At the same time, in the first 9 months of FY 2025, the company registered a net profit of 6.96 crore and a revenue of Rs 152.6 crore.
Company Introduction
Shri Ram Twistex was established in 2013. The company makes a 100% cotton compact ring-spon combined and carded yarn, which is used in knitting and weaving and sewing. The company’s manufacturing unit is located in Rajkot, Gujarat, where a total of 27,744 spindles are employed with 17 ring-spinning machines.
Customer and market
Shree Ram Twisx only works in the B2B segment and supplies its product to textile manufacturers, garment exporters, fabric processors and big companies. Some of the big customers of the company include names like Walesan Living and Jindal Worldwide.
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