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Shri Techtex IPO IPO

Mainline26 Jul 202328 Jul 2023
Open
26 Jul 2023
Close
28 Jul 2023
3
Allotment
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

04-08-202330Est. ₹91+49.18%
03-08-202330Est. ₹91+49.18%
02-08-202330Est. ₹91+49.18%

Live Subscription

CategorySubscription (times)
Total103.00x

Restated Financials (₹ Cr.)

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets73.8652.8246.5217.67
Total Income58.0851.8240.2216.26
Profit After Tax9.118.2712.664.47
NET Worth29.8220.9920.768.08
Reserves and Surplus12.5718.7618.545.88
Total Borrowing31.8924.5214.994.88
Amount in ₹ Crore

Peer Comparison

CompanyIssue TypeIssue SizeIssue PricePE RatioListing Day CloseListing Gain/Loss %LTP
Kaka Industries Ltd.SME₹21.23 Cr₹5811.03₹115.71+99.50%₹221.35 (+1.77%)
Command Polymers Ltd.SME₹7.09 Cr₹28121.74₹26.50-5.36%₹23.00 (-4.17%)

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Construction of Factory Shed3.71
2Purchase of Machineries6.31
3Commissioning of Solar Plant4.90
4To Meet Working Capital Requirements15.31
5General Corporate Purpose11.26

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