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A new countervailing duty by the US on Indian solar modules are reshaping trade patterns. India's renewable energy ministry sees Africa as a strong alternative for both module exports and for developers setting up projects. View More
Shree Ram Twistex IPO, subscribed 43.66 times, is set to finalize allotment today. Despite strong investor demand, especially from retail and NII segments, the grey market premium is negative, indicating potential listing concerns. The company plans to utilize IPO funds for renewable energy projects and debt repayment. View More
The allotment for the Shree Ram Twistex IPO is expected to be finalised today after the public issue closed with strong investor demand. The Rs 110 crore IPO was subscribed 43.66 times overall, driven by heavy participation from non-institutional and retail investors. The retail portion was subscribed 76.63 times and the NII category saw 220.30 times subscription. The QIB portion was booked 3.94 times. The strong oversubscription, especially in the NII and retail segments, indicates significant listing interest. GMP and listing outlook The grey market premium is currently negative, reflecting expectations of negative listing gains. However, final performance will depend on broader market conditions on March 2 when the shares are scheduled to list on BSE and NSE. Live Events How to check Shree Ram Twistex IPO allotment status Investors can check the allotment status online once it is finalised. To check via Bigshare Services: Visit Bigshare Services Allotment page: https://ipo.bigshareonline.com/ipo_status.html Select Shree Ram Twistex IPO Enter your PAN, application number, or DP/Client ID to check the allotment. On NSE Website Visit NSE Allotment page: https://www.nseindia.com/invest/check-ipo-allotment Select Equity Choose Shree Ram Twistex Enter your PAN or application number. Refunds for non-allottees are expected to be initiated on February 27, while shares will be credited to demat accounts the same day. Company overview Shree Ram Twistex is engaged in manufacturing cotton yarns, including Compact Ring Spun and Carded Yarns, both combed and carded. The yarn is used in knitting and weaving applications such as denim, terry towels, shirting, sheeting, sweaters, socks, bottom wear, home textiles and industrial fabrics. The company also manufactures value-added yarns such as Eli Twist, Compact Slub Yarns and Lycra-blended yarns. It operates on a B2B model, supplying to textile manufacturers, garment exporters and fabric processors across multiple Indian states and also exports internationally. Financials For FY25, the company reported total income of Rs 256 crore and PAT of Rs 8 crore. EBITDA stood at Rs 22 crore. For the six months ended September 2025, total income was Rs 132 crore and PAT was Rs 7 crore. The company plans to use the IPO proceeds towards setting up a 6.1 MW solar power plant, a 4.2 MW wind power plant for captive use, repayment of borrowings, working capital requirements and general corporate purposes. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
Just when India-US trade ties seemed to be on the mend, Washington imposed a 126% tariff on Indian solar panels. Is this self-defeating protectionism, petty geopolitics or plain policy confusion? View More
Imposing a 126% duty on Indian solar imports by the US has led to declines in solar stocks. Companies like Waaree Energies assert they can adapt with diversified supply chains. View More
SEZ policy changes and domestic demand seen easing pressure from proposed US tariffs on solar exports View More
The US announced a preliminary countervailing duty of 125.87% on imports of certain Indian solar equipment, alleging that the products are unfairly subsidized by the Indian government. View More
Waaree Energies ended 10% at ?2,708.55 on the BSE after hitting an intraday low of ?2,571.45, while Premier Energies settled 6% lower at ?729.05 View More
Shree Ram Twistex's IPO has seen overwhelming investor interest, being oversubscribed 12 times. Non-Institutional Investors and retail participants showed significant demand. The company plans to use the funds for renewable energy projects and debt repayment. Share allotment is expected soon, with a tentative listing on March 2. View More
The Rs 110 crore IPO of Shree Ram Twistex has been oversubscribed 12 times on the third day of bidding, with 1.06 crore shares on offer. The Non-Institutional Investors (NIIs) segment saw robust demand, being subscribed 56.13 times, while the retail segment was subscribed 25.42 times. In the grey market, shares are trading at a premium of 17.31%, up from around 9%, reflecting improved investor sentiment. The issue allotment is expected on February 26, with tentative listing on the BSE and NSE scheduled for March 2. The IPO is a fully fresh issue of 1.06 crore shares, priced in the band of Rs 95–104 per share. Shree Ram Twistex IPO Day subscription status: As of 12:32 PM on Day 3, Shree Ram Twistex’s IPO has been oversubscribed 12 times in total. Retail Individual Investors (RIIs) have demonstrated strong interest, subscribing 25.42 times against the 10.60 lakh shares allocated to them. Live Events Non-Institutional Investors (NIIs) have subscribed 56.13 times their quota of 15.90 lakh shares. In contrast, Qualified Institutional Buyers (QIBs) have subscribed 9% of the 79.50 lakh shares reserved for their segment. Shree Ram Twistex IPO GMP today As of February 25, 2026, shares of Shree Ram Twistex are trading at a premium of Rs 18, reflecting a 17.3% gain compared to the earlier premium of around 9%, signalling improved investor sentiment. The estimated listing price for the issue stands at Rs 122. Shree Ram Twistex IPO details Shree Ram Twistex’s IPO consists entirely of a fresh issue of 1.06 crore equity shares, aggregating to Rs 110.24 crore. At the upper end of the price band, the company’s pre-issue market capitalisation is estimated at Rs 416 crore. The public issue will close on February 25, with the share allotment expected on February 26 and a tentative listing on the BSE and NSE scheduled for March 2. Investors must apply for a minimum of 144 shares, which amounts to Rs 14,976 at the upper price band. The issue allocation reserves 75% for Qualified Institutional Buyers (QIBs), up to 15% for Non-Institutional Investors (NIIs), and up to 10% for Retail Investors. About the company Shree Ram Twistex manufactures cotton yarns including compact ring spun and carded yarns, both combed and carded varieties. Its products are used in knitting and weaving applications such as denim, terry towels, shirting, sheeting, sweaters, socks, bottom wear and home textiles. The company also produces value-added yarns such as Eli Twist, compact slub yarns and Lycra-blended yarns. It operates on a B2B model, supplying textile manufacturers, garment exporters, bulk buyers and fabric processors across multiple states, including Gujarat, Rajasthan, Maharashtra, Tamil Nadu and West Bengal, along with exports. Its manufacturing facility is located in Gondal, Rajkot, Gujarat, with 17 compact ring-spinning machines and a total spindle count of 27,744. It also operates five warehouses with a combined storage capacity of 9,855 MT. Financial performance For FY25, Shree Ram Twistex posted a total income of Rs 256 crore, compared with Rs 232 crore in FY24. Profit after tax (PAT) increased to Rs 8 crore from Rs 6.55 crore a year earlier, while EBITDA rose to Rs 22 crore from Rs 20 crore. As of September 2025, the company reported total income of Rs 132 crore and a PAT of Rs 7 crore. Its EBITDA margin improved markedly to 12.9% in FY25 from 8.57% in FY24, while the PAT margin edged up to 3.14% from 2.83%, indicating enhanced operational efficiency and profitability. Use of proceeds The company plans to use the IPO proceeds to set up a 6.1 MW solar power plant and a 4.2 MW wind power plant for captive use, repay certain borrowings of about Rs 14.89 crore and fund working capital requirements of Rs 44 crore. The shift to captive renewable energy is expected to lower power costs, which form a key component of spinning operations. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)