| Company Name | Shri Techtex Limited |
| Open Date | 26-07-2023 |
| Close Date | 28-07-2023 |
| Exchange | NSE SME |
| Lot Size | 2000 Shares |
| Issue Price | ₹ 54 - 61 per share |
| Issue Size | 74,00,000 Equity Shares |
| Application Amount | ₹ 1,22,000 |
| Recommendation | Risk_Averse - Should Wait Risk_Seekers - Should Apply |
| Shri Techtex Ltd was incorporated in the year 2011 and has its registered office in Ahmedabad. Company is engaged in the business of Polypropylene (PP) Non-Woven Fabric manufacturing. The practical use of non-woven fabric produced by the company is ecological for certain applications, especially in fields and industries where disposable or single use products are important, such as organic farming, hospitals, health care, nursing homes, home furnishing, vehicle upholstery seat fabrication, Mattress & furniture covering, ecological packaging, industrial and consumer goods. They manufacture PP non-woven fabric in variety of sizes and density. The company majorly cater to off shore customers. They have started exploring domestic market for products manufactured by them from financial year 2022-23. As on 31st March 2023, the company had 86 staff base on its payroll. |
| For the Period Ended | Mar-21 | Mar-22 | Mar-23 |
| Total Assets | 4,652.15 | 5,282.41 | 7,386.45 |
| Net Assets | 3,967.65 | 4,040.67 | 6,186.39 |
| Total Borrowings | 1,498.66 | 2,451.57 | 3,188.98 |
| Total Revenue | 4,021.58 | 5,182.14 | 5,807.58 |
| Profit After Tax | 1,265.69 | 826.56 | 910.61 |
| Opening Date | 26-07-2023 |
| Closing Date | 28-07-2023 |
| Basis of Allotment | 02-08-2023 |
| Initiation of Refunds | 03-07-2023 |
| Credit of Shares to Demat | 04-08-2023 |
| Listing Date | 07-08-2023 |
| Construction of Factory Shed. |
| Commissioning of Solar Plant. |
| Purchase of Machineries. |
| To Meet Working Capital Requirements. |
| General Corporate Purpose. |
| To meet Public Issue Expenses. |
| Registered Office | Harmony, 2nd Floor,15/A, Shree Vidhyanagar Co.Op. Hsg. Soc. Ltd. Opp. Nabard, Nr. Usmanpura Garden Ahmedabad - 380014, Gujarat, India. |
| Phone | +91 78741 32777 |
| +91 78741 32777 | |
| Website | shritechtex.com |
| Shri Techtex IPO DRHP |
| Shri Techtex IPO RHP |
| Name | Link Intime India Private Limited |
| Phone | +91 810 811 4949 |
| shritechtex.ipo@linkintime.co.in | |
| Website | https://linkintime.co.in/mipo/ipoallotment.html |
| Anchor Investor Shares Offered | 2,100,000 (28.38%) |
| Market Maker Shares Offered | 372,000 (5.03%) |
| QIB Shares Offered | 1,410,000 (19.05%) |
| NII (HNI) Shares Offered | 1,056,000 (14.27%) |
| Retail Shares Offered | 2,462,000 (33.27%) |
| Total Shares Offered | 7,400,000 (100%) |
| Pre Issue Share Holding(Promoters) | 100% |
| Post Issue Share Holding(Promoters) | 70.34% |