The initial public offering (IPO) of Shree Ram Twistex closed with a strong subscription on the last day of bidding on Feb. 25. The IPO was oversubscribed by 43.66 times on the final day, with bids for 46,28,41,632 shares against 1,06,00,000 shares on offer.
The demand was driven primarily by Non-Institutional Investors (NIIs), who subscribed to their quota 220.30 times. The retail portion of the IPO was booked 76.63 times, while the Qualified Institutional Buyers (QIB) subscribed to their segment 3.94 times.
Shree Ram Twistex IPO was a book-building issue of Rs 110.24 crore. The mainboard issue was entirely a fresh issuance of 1.06 crore equity shares. The price band for the Shree Ram Twistex IPO was set between Rs 95 and Rs 104 apiece. The IPO opened for subscription on Feb. 23.
After the closure of the three-day subscription period, the Shree Ram Twistex IPO allotment status is expected to be finalised on Feb. 26.
Successful applicants will receive shares in their Demat accounts on Feb. 27. Refunds for non-allottees will also be processed the same day.
Shares of Shree Ram Twistex Ltd. are tentatively scheduled to be listed on the NSE and BSE on March 2.
Investors who participated in the Shree Ram Twistex IPO subscription can check the share allotment status on the NSE, BSE and the official website of the issue registrar, Bigshare Services Pvt. Ltd.
Steps To Check Shree Ram Twistex IPO Allotment Status On BSE
Visit the BSE allotment page here.
Select Equity under the Issue Type field.
From the Issue Name dropdown, choose Shree Ram Twistex Ltd.
Enter your Application Number or PAN.
Complete the captcha verification.
- Click ‘Search' to view your allotment status.
Shree Ram Twistex IPO: Steps To Check Allotment Status On NSE
Open the NSE IPO allotment page here.
Select Equity & SME IPO Bid Details.
Choose ‘SRTL' from the list of company symbols.
Enter your PAN and Application Number.
Click Submit to check your allotment status.
Also Read: Shree Ram Twistex vs Clean Max Enviro IPO: GMP Trends Reveal What to Expect on Listing Day
Shree Ram Twistex IPO: How To Check Allotment Status On Bigshare Services
Visit the IPO allotment status page of Bigshare Services here.
Select any one of the three servers displayed on the screen.
Choose ‘Shree Ram Twistex Ltd.' from the list of IPOs.
Enter your details using PAN, application number or beneficiary ID.
Click on the ‘Search' button to check your allotment status.
- Click Submit to check your allotment status.
Shree Ram Twistex IPO GMP Today
According to InvestorGain, the grey market premium (GMP) for the Shree Ram Twistex IPO stood at Rs -6 on Feb. 26. The latest GMP indicates a discounted listing of IPO shares with a potential loss of 5.77% compared to the upper limit of the issue price of Rs 104 apiece.
Note: GMP does not represent official data and is based on speculation.
Also Read: Dalal Street's IPO Party Over? 60% Of Newly Listed Stocks Trade Below Issue Price
About Shree Ram Twistex
Shree Ram Twistex manufactures a range of cotton yarns, including compact ring spun and carded yarns, available in both combed and carded varieties. These yarns are used in knitting and weaving applications to produce products such as denim, terry towels, shirting, sheeting, sweaters, socks, bottom wear, home textiles and industrial fabrics.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
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