Shri Techtex Ltd
Price Range
₹54 - ₹61
Min. Quantity
2,000
Closes on
28 July 2023
Min. investment
₹1,22,000/2,000 Shares
Shri Techtex Ltd IPO Timeline
Shree Techtex Limited was originally formed and registered as a Partnership Firm under the Partnership Act, 1932 in the name of 'M/s Shree Techtex Company', pursuant to a Deed of Partnership dated January 7, 2011. Later on, name of 'M/s Shree Tech Tex Company' changed to 'M/s Shri Techtex ' on July 03, 2018 by amendment in Deed of Partnership. 'M/s Shri Techtex' thereafter, was converted from a Partnership Firm to a Private Limited Company in the name of 'Shri Techtex Private Limited' dated September 08, 2018 from the Central Registration Center. Subsequently, Company was converted into a Public Limited Company on December 31, 2022 and its name was changed to 'Shri Techtex Limited'. A fresh Certificate of Incorporation consequent upon Conversion from Private Limited Company to Public Limited Company dated January 03, 2023 was issued by the Registrar of Companies, Ahmedabad.
| Event | Date |
|---|---|
| Shri Techtex Ltd IPO Opening Date | 26 July 2023 |
| Shri Techtex Ltd IPO Closing Date | 28 July 2023 |
| Basis of Allotment | 2 August 2023 |
| Initiation of Refunds | 3 August 2023 |
| Credit of Shares to Demat | 3 August 2023 |
| Shri Techtex Ltd IPO Listing Date | 7 August 2023 |
Shri Techtex Ltd IPO Details
| Shri Techtex Ltd IPO Date | 26 July 2023 to 28 July 2023 |
| Shri Techtex Ltd IPO Face Value | ₹10 per share |
| Shri Techtex Ltd IPO Price | ₹54 to ₹61 per share |
| Shri Techtex Ltd IPO Lot Size | 2,000 |
| Issue Size | Shares of ₹10 (aggregating up to ₹45.14 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹39.96 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Hanskumar Ramakant Agarwal, Shradha Hanskumar Agarwal |
Shri Techtex Ltd IPO Lot Size
The Shri Techtex Ltd IPO lot size is 2,000 shares. A retail-individual investor can apply for up to 1 lots (2,000 shares or ₹1,22,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 2,000 | ₹1,22,000 |
| Maximum | 1 | 2,000 | ₹1,22,000 |
- Strengths
- Risks
- Opportunities
- Experienced Promoters and Management Team:
- Prime Location of its Manufacturing Facility.
- Infrastructure and Integrated capabilities to deliver quality Products.
- Wide Application of Products.
Company Financials
Shri Techtex Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 100.06 | 78.05 | 12.28 |
| 03-2023 | 73.86 | 58.08 | 9.11 |
| 03-2022 | 52.82 | 51.82 | 8.27 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Construction of Factory Shed
- Commissioning of Solar Plant
- Purchase of Machinery
- To Meet Working Capital Requirements
- General Corporate Purposes
Shri Techtex Ltd IPO Promoter Holding
| Pre Issue Share Holding | 36.52% |
| Post Issue Share Holding | 25.69% |
Shri Techtex Ltd IPO Subscription Status (Bidding Detail)
The Shri Techtex Ltd IPO is subscribed 98.9019 times on 28 July 2023 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 98.9019 |
Shri Techtex Ltd IPO Prospectus
Shri Techtex Ltd IPO Listing Date
| Listing Date | 4 August 2023 |
| BSE Script | 78689 |
| NSE Symbol | SHRITECH |
| Listing In | NSE - SME |
| ISIN | INE0OMF01015 |
| IPO Price | ₹0 |
| Face Value | ₹10 |
Company Contact Information
Harmony 2ndFlr 15/A Opp NABARDShree Vidhyanagar Co Op HsgSoc,Ahmedabad-380014
Phone: 91-78741 32777
Email: cs@shritechtex.co.in
Website: -
Shri Techtex Ltd IPO Registrar
Shri Techtex Ltd IPO Lead Manager(s)
- Beeline Capital Advisors Pvt Ltd
FAQ
What is the issue size of Shri Techtex Ltd IPO?
I have pre-applied for Shri Techtex Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.