What is the issue size of Shri Techtex IPO?

The issue size of the Shri Techtex IPO is Rs 45.14 cr.

What is 'pre-apply' for Shri Techtex IPO?

Pre-apply will alow you to apply for the Shri Techtex IPO 2 days before the subscription period starts.

If I pre-apply for Shri Techtex IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Shri Techtex IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Shri Techtex IPO order is placed?

We will notify you when your Shri Techtex IPO order is placed with the exchange.

What are the open and close dates of the for Shri Techtex IPO?

Shri Techtex IPO will be open between 26 July - 28 July, 2023.

What is the lot size and minimum order quantity of the Shri Techtex IPO?

The Shri Techtex Limited IPO lot size is 2000 shares.

What are the allotment dates for the Shri Techtex IPO?

Shri Techtex IPO allotment date is 2 August, 2023. For Shri Techtex IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Shri Techtex IPO?

Shri Techtex IPO registrar is Link Intime India Private Ltd. You can check Shri Techtex IPO allotment status on the website of the registrar.

Where is the Shri Techtex IPO getting listed?

The shares are proposed to be listed on NSE SME.

Shri Techtex SME IPO

Shri Techtex Limited Limited

₹1,08,000 /2000 sharesMinimum Investment

Shri Techtex SME IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
NSE₹61.00₹81.00₹20.00 (32.79%)
Shri Techtex SME IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
26 Jul ‘23 - 28 Jul ‘23₹1,08,0002,000₹54 - ₹61
Issue SizeIPO Doc
45.14CrRHP PDF
About Shri Techtex SMEIncorporated in 2011, Shri Techtex specialises in the business of Polypropylene (PP) Non-Woven Fabric manufacturing. The company manufactures PP non-woven fabric in a variety of sizes of up to 4.5 meters and densities (15 GSM to 800 GSM). The non-woven fabric is used in industries where single-use or disposable products are important. These include organic farming, hospitals, health care, nursing homes, home furnishing, vehicle upholstery seat fabrication, mattress & furniture covering, ecological packaging, and industrial and consumer goods.
The company’s manufacturing facility is situated at Simaj in Dholka Taluka in Ahmedabad, Gujarat, spreading across 41548 sq. m, with a manufacturing capacity of 3600 MT PP non-woven fabric per annum. ;
Parent Organisation
Shri Techtex Limited Limited
Founded
2011
Managing Director
Mrs Shradha Hanskumar Agarwal
Strengths & Risks
Shri Techtex’s manufacturing facility is situated in the village of Simaj, within the Dholka Taluka of Ahmedabad District, Gujarat. Its strategic location provides significant benefits regarding cost-effectiveness and reliability for suppliers and customers.
To ensure quality, the company has implemented a rigorous internal procedure for inspecting products at every production stage, from receiving raw materials till the final product dispatch.
The company's product range finds wide applications in various industries such as geotextile, horticulture, furniture, construction, and healthcare. 
The company has derived revenue exports in the last three years from countries including the USA, Taiwan, Canada, Denmark and China.
The company, its promoters, directors, and group companies are involved in ongoing litigations, including tax-related matters. 
The company's financial performance relies heavily on key customers and group companies. Losing any of these major customers could lead to declining revenues and profitability. 
The company's dependency on limited suppliers for product purchases poses a risk. Disruptions or the loss of any of these significant suppliers may adversely affect the company's business operations.
The company's manufacturing operations are critical to its business, and any unplanned slowdowns, unscheduled shutdowns, or underutilisation of manufacturing capacities could harm its business, financial condition, and cash flows.
Obtaining and renewing the necessary registrations, licenses, and permits from government and regulatory authorities is essential for the company's operations. Failure to do so promptly could have adverse effects on its business.
The company has incurred substantial indebtedness, with outstanding debt amounting to Rs. 29.34 crores as of November 30, 2022. 
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹54 - 61₹2 Lakh
High Networth Individual₹54 - 61₹2 - 5 Lakh
For Shri Techtex SME IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
NSE	₹61.00	₹81.00	₹20.00 (32.79%)

Bidding Dates	Min. Investment	Lot Size	Price Range
26 Jul ‘23 - 28 Jul ‘23	₹1,08,000	2,000	₹54 - ₹61

Issue Size	IPO Doc
45.14Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹54 - 61	₹2 Lakh
High Networth Individual	₹54 - 61	₹2 - 5 Lakh

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