Shri Techtex Limited is engaged in the business of manufacturing of 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.
As on the date of 14 February 2023, the company manufacture PP non-woven fabric upto 4.5 meters size and 15 GSM to 800 GSM.
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.
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.
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).
Shri Techtex IPO – Details
| IPO Opening Date | 26 July 2023 |
| IPO Closing Date | 28 July 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 74,00,000 Shares Worth ₹45.14 Crore Fresh Issue: 74,00,000 Shares Worth ₹45.14 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹54 – ₹61 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Shri Techtex IPO – Date Schedule
| IPO Open Date | 26 July 2023 |
| IPO Close Date | 28 July 2023 |
| Basis of Allotment | 2 August 2023 |
| Initiation of Refund | 3 August 2023 |
| Credit of Shares to Demat Account | 3 August 2023 |
| IPO Listing Date | 4 August 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jul 28, 2023 |
Shri Techtex IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 2000 | 1,22,000 |
| Retail (Maximum) | 1 | 2000 | 1,22,000 |
| HNI (Minimum) | 2 | 4000 | 2,44,000 |
Competitive Strengths
- Experienced Promoters and Management Team.
- Prime Location of Company’s Manufacturing Facility.
- Infrastructure and Integrated capabilities to deliver quality Products.
- Wide Application of Products.
Company Promoters
- Mr. Hanskumar Ramakant Agarwal
- Mrs. Shradha Hanskumar Agarwal
Object Of The Issue
- Construction of Factory Shed.
- Commissioning of Solar Plant.
- Purchase of Machineries.
- To Meet Working Capital Requirements.
- To meet Public Issue Expenses.
- General Corporate Purposes.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2020 | 16.25 | 10.16 | 4.47 | 4.88 |
| 31 March 2021 | 40.21 | 23.42 | 12.65 | 14.98 |
| 31 March 2022 | 51.82 | 41.18 | 8.26 | 24.51 |
| 30 November 2022 | 36.26 | 29.44 | 6.07 | 29.34 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 16.71 |
| Market Cap (₹ Cr.) | 152.2 |
| ROE | 35.84 |
| ROCE | 20.07 |
| Debt/Equity | 1.07 |
| EPS (Rs) | 5.19 |
| RoNW | 30.54 |
Shri Techtex IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 70.34% |
Shri Techtex IPO Prospectus
Company Contact Information
| 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: cs@shritechtex.co.in Website: https://shritechtex.com/ |
Shri Techtex IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: shritechtex.ipo@linkintime.co.in Website: https://linkintime.co.in/mipo/ipoallotment.html |
Shri Techtex IPO Lead Manager(s)
| 1. Beeline Capital Advisors Pvt Ltd |
Shri Techtex IPO FAQs
| What is Shri Techtex IPO? Shri Techtex IPO is a SME IPO. The issue is priced at ₹54 – ₹61 per equity share. The IPO is to be listed on NSE SME. |
| When Shri Techtex IPO will open? The IPO is to open on 26 July 2023 for NII and Retail Investors. |
| How to 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 5 Paisa? Log in to 5 Paisa 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 5 Paisa. |
| How to Apply the Shri Techtex IPO through Edelweiss? Log in to Angle One 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 Edelweiss. |
| 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 – ₹61. |
| What is Shri Techtex IPO Minimum and Maximum Lot Size? The minimum bid is 2000 Shares with ₹1,22,000 amount while the maximum bid is 2000 shares with ₹1,22,000. |
| What is the Shri Techtex IPO Allotment Date? Shri Techtex IPO allotment date is 2 August 2023. |
| What is the Shri Techtex IPO Listing Date? Shri Techtex IPO listing date is 4 August 2023. The IPO is to list on NSE SME. |
