Shri Techtex IPO Details
- Open Date 26-Jul-23
- Close Date 28-Jul-23
- Lot Size 2000
- IPO Size ₹ 45.14 Cr
- IPO Price Range ₹ 54 to ₹ 61
- Min Investment ₹ 108,000
- Listing Exchange NSE SME
- Basis of Allotment 02-Aug-23
- Refunds 03-Aug-23
- Credit to Demat Account 04-Aug-23
- Listing Date 07-Aug-23
Shri Techtex IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 26-Jul-23 | 4.50 | 3.73 | 11.18 | 7.67 |
| 27-Jul-23 | 11.53 | 29.91 | 48.29 | 33.83 |
| 28-Jul-23 | 58.03 | 250.61 | 156.24 | 148.36 |
Shri Techtex IPO Synopsis
Shri Techtex IPO is all set to open from 26th July to 28th July 2023. Shri Techtex Limited produces Polypropylene (PP) Non-Woven Fabric, offering a diverse range of sizes and densities. The company is launching a fresh issue of 74,00,000 equity shares (worth ₹45.14 Cr). The share allotment date is 2nd August, and the IPO will be listed on 7th August on NSE SME. The price band of this SME IPO is ₹54 to ₹61 with a lot size of 2000 shares.
Beeline Capital Advisors Private Limited is the book-running lead manager for this IPO, while Link Intime India Private Limited is the registrar.
Objectives of the Shri Techtex IPO:
Shri Techtex plans to utilize the raised capital from IPO to:
● Construction of Factory Shed
● Establish a Solar Plant
● Procuring Machinery and Equipment
● Fulfilling Working Capital Needs
● Supporting General Corporate Activities
● Covering Public Issue Expenses
About Shri Techtex
Established in 2011, Shri Techtex specializes in the production of Polypropylene (PP) Non-Woven Fabric, catering to a wide range of industries that require disposable or single-use products. These industries include organic farming, hospitals, healthcare, nursing homes, home furnishing, vehicle upholstery seat fabrication, mattress & furniture covering, ecological packaging, as well as industrial and consumer goods. Their PP non-woven fabric comes in various sizes and densities, with the current range spanning up to 4.5 meters in size and 15 GSM to 800 GSM.
Located in Simaj of Dholka Taluka, within the Ahmedabad District of Gujarat, the company's manufacturing facility covers an expansive area of 41548 sq. meters. The facility has a robust manufacturing capacity of 3600 MT of PP non-woven fabric per annum, ensuring a steady supply to meet market demands.
Peer Comparison
● Garware Technical Fabrics Limited
● Shubham Polyspin Limited
For More Information:
Shri Techtex IPO Allotment Status
Webstory on Shri Techtex IPO
Shri Techtex IPO GMP
Shri Techtex Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 59.92 | 51.18 | 39.47 |
| EBITDA | 46.46 | 41.19 | 23.43 |
| PAT | 9.11 | 8.27 | 12.66 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 73.86 | 52.82 | 46.52 |
| Share Capital | - | - | - |
| Total Borrowings | 43.75 | 31.81 | 25.73 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -7.60 | 21.75 | 3.55 |
| Net cash from / (used in) investing activities | -3.20 | -13.48 | -13.93 |
| Net cash flow from / (used in) financing activities | 11.35 | -8.56 | 10.64 |
| Net increase (decrease) in cash and cash equivalents | 0.55 | -0.29 | 0.26 |
Shri Techtex IPO Key Points
-
Strengths
1. Shri Techtex specializes in the production of Polypropylene (PP) Non-Woven Fabric and caters to a variety of industries such as Horticulture, Geotextile, Construction, Furniture, Healthcare, and more.
2. Less dependence on a single sector or industry helps the company diversify its client portfolio.
3. The company has experienced consistent and strong growth in both revenue and profitability over the past financial years.
4. It is committed to expanding its product line.
5. The company is strategizing to introduce new ventures, namely the manufacturing of Hot Melt Coating Lamination and PP Multifilament Yarn.
-
Risks
1. The Company, its Directors, Promoter, and LLP are currently involved in ongoing legal proceedings.
2. Its operations require significant working capital.
3. There is a risk arising from foreign exchange fluctuations on the purchase of machinery out of issue proceeds.
4. The Company has certain contingent liabilities, such as bank guarantees and capital commitments. It has also availed unsecured loans that are repayable on demand.
5. The company has incurred substantial indebtedness, which can affect its operations.
6. Potential conflicts of interest may arise due to Promoters and Promoters’ Group entities being involved in similar business activities that compete with or are in the same line of activity as the company’s operations.
7. Discrepancies and non-compliances have been noticed in some of the corporate records related to filing or returns and deposit of statutory dues with the concerned statutory authorities.
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Shri Techtex IPO FAQs
What is the minimum lot size and investment required for the Shri Techtex IPO?
Shri Techtex IPO lot size is 2000 equity shares, and the minimum investment required is ₹1,08,000.
What is the price band of the IPO?
The price band of Shri Techtex IPO is ₹54 to ₹61.
When does the Shri Techtex IPO issue opens and closes?
Shri Techtex IPO opens on 26th July and closes on 28th July 2023.
What is the size of the Shri Techtex IPO?
Shri Techtex IPO plans to issue a fresh issue of 74,00,000 equity shares (worth ₹45.14 Cr).
What is the allotment date of the Shri Techtex IPO?
The allotment date of Shri Techtex IPO is 2nd August 2023.
What is the Shri Techtex IPO listing date?
The listing date of Shri Techtex IPO is 7th August 2023.
Who are the book runners for the Shri Techtex IPO?
Beeline Capital Advisors Private Limited is the book-running lead manager for Shri Techtex IPO.
What is the objective of Shri Techtex IPO?
Shri Techtex plans to utilize the raised capital from IPO to:
● Construction of Factory Shed
● Establish a Solar Plant
● Procuring Machinery and Equipment
● Fulfilling Working Capital Needs
● Supporting General Corporate Activities
● Covering Public Issue Expenses
How to apply for the Shri Techtex IPO?
To apply for the Shri Techtex IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Shri Techtex IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.
Contact Details of Shri Techtex IPO
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 Register
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
Beeline Capital Advisors Pvt Ltd