
✓
Open
26 Jul 2023
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Close
28 Jul 2023
3
Allotment
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Listing
Fri, Aug 4, 2023
Price Band
₹54 to ₹61
Issue Size
74,00,000 shares (agg. up to ₹45 Cr)
Lot Size
2,000 Shares
Listing Date
Fri, Aug 4, 2023
Latest GMP
₹30
Est. Gain
49.18%
✦ AI Insight
GMP Trend
04-08-2023₹30Est. ₹91+49.18%
03-08-2023₹30Est. ₹91+49.18%
02-08-2023₹30Est. ₹91+49.18%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 103.00x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 73.86 | 52.82 | 46.52 | 17.67 |
| Total Income | 58.08 | 51.82 | 40.22 | 16.26 |
| Profit After Tax | 9.11 | 8.27 | 12.66 | 4.47 |
| NET Worth | 29.82 | 20.99 | 20.76 | 8.08 |
| Reserves and Surplus | 12.57 | 18.76 | 18.54 | 5.88 |
| Total Borrowing | 31.89 | 24.52 | 14.99 | 4.88 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Kaka Industries Ltd. | SME | ₹21.23 Cr | ₹58 | 11.03 | ₹115.71 | +99.50% | ₹221.35 (+1.77%) |
| Command Polymers Ltd. | SME | ₹7.09 Cr | ₹28 | 121.74 | ₹26.50 | -5.36% | ₹23.00 (-4.17%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Construction of Factory Shed | 3.71 |
| 2 | Purchase of Machineries | 6.31 |
| 3 | Commissioning of Solar Plant | 4.90 |
| 4 | To Meet Working Capital Requirements | 15.31 |
| 5 | General Corporate Purpose | 11.26 |
About Shri Techtex IPO
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
Contact Details
Shri Techtex Ltd. AddressHarmony, 2nd Floor, 15/A, Shree Vidhyanagar Co.Op.Hsg. Soc.Ltd.Opp.NabardNr.Usmanpura GardenAhmedabad, Gujarat, 380014+91 78741 32777cs@shritechtex.co.inVisit Website