Shree Ram Twistex Lists at 35% Discount Amid Market Crash

Published on 02 Mar 2026, Monday

📉 Listing Performance

NSE Listing Price: ₹68
➝ Down 34.62% (₹36 discount)

BSE Listing Price: ₹70
➝ Down 32.69%

The listing came below grey market expectations. The IPO’s GMP prior to listing was around –₹28, indicating a likely discounted debut.

Market Conditions Impact

The weak listing coincided with a broader market sell-off triggered by:

Escalating US–Iran tensions

Surge in crude oil prices

Sharp fall in benchmark indices

On listing day:

BSE Sensex dropped nearly 2,700 points at the open

Nifty 50 slipped below 24,650

Weak macro sentiment likely amplified selling pressure.

IPO Subscription Details

The ₹100+ crore public issue received strong demand:

Overall Subscription: 43.66x

NII Category: 220.30x

Retail Category: 76.63x

QIB Category: 3.94x

Despite heavy oversubscription, relatively moderate QIB participation may have influenced post-listing stability.

IPO Structure

Issue Type: 100% Fresh Issue

Shares Offered: 1.06 crore shares

Price Band: ₹94 – ₹104

Lot Size: 144 shares

Bidding Period: February 23–25

Use of Proceeds

Setting up 6.1 MW & 4.2 MW solar and wind power plants

Debt repayment

Working capital requirements

Lead Manager & Registrar

Lead Manager: Interactive Financial Services

Registrar: Bigshare Services

Company Overview

Shree Ram Twistex operates in the cotton yarn manufacturing space.

Product Portfolio:

Compact ring-spun yarn

Combed & carded yarn

Eli Twist yarn

Compact slub yarn

Lycra-blended yarn

The company primarily serves textile manufacturers under a B2B model.

Investor Learning

This listing highlights an important IPO lesson:

✔ Strong subscription does not guarantee strong listing
✔ Market conditions heavily impact debut performance
✔ QIB participation matters for stability
✔ GMP signals can indicate risk when negative

IPO investors should evaluate fundamentals, sector outlook, valuation, and broader market sentiment before applying.

Disclaimer

This content is for educational and informational purposes only and does not constitute investment advice. Investors should conduct independent research before making investment decisions. IPO investments are subject to market risks.