Shri Techtex Limited IPO (Shri Techtex IPO)

Shri Techtex Limited IPO
Upcoming Shri Techtex IPO | New Shri Techtex IPO

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

Shri Techtex IPO – Details

IPO Opening Date26 July 2023
IPO Closing Date28 July 2023
Issue TypeBook Built Issue IPO
Issue Size74,00,000 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 Lot2000 Shares
Min Order2000 Shares (1 Lot)
Listing AtNSE SME
RegisterLink Intime India Private Ltd
QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Shri Techtex IPO – Date Schedule

IPO Open Date26 July 2023
IPO Close Date28 July 2023
Basis of Allotment2 August 2023
Initiation of Refund3 August 2023
Credit of Shares to Demat Account3 August 2023
IPO Listing Date4 August 2023
Cut-off time for UPI mandate confirmation5 PM on Jul 28, 2023

Shri Techtex IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)120001,22,000
Retail (Maximum)120001,22,000
HNI (Minimum)240002,44,000

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.
Shri Techtex IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 202016.2510.164.474.88
31 March 202140.2123.4212.6514.98
31 March 202251.8241.188.2624.51
30 November 202236.2629.446.0729.34
Amount in ₹ Crore

Key Performance Indicator

P/E (x)16.71
Market Cap (₹ Cr.)152.2
EPS (Rs)5.19

Shri Techtex IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding70.34%

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

+91 78741 32777

Shri Techtex IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Shri Techtex IPO Lead Manager(s)

1. Beeline Capital Advisors Pvt Ltd

Shri Techtex IPO FAQs

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.
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