📉 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.
