Shri Techtex Limited (NSE SME)
Jul 26, 2023 - Jul 28, 2023
| Price | ₹54 - ₹61 |
| Premium | ₹30 |
|---|---|
| Lot size | 2000 |
| Allotment | Aug 2, 2023 |
| Listing | Aug 4, 2023 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 122000 | 0 |
| HNI | 2 | 4000 | 244000 | 0 |
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 14,10,000 | 8,18,26,000 | 58.03 |
| NIB | 10,56,000 | 26,50,20,000 | 250.97 |
| RETAIL | 24,62,000 | 38,46,54,000 | 156.24 |
| Total | 49,28,000 | 73,15,00,000 | 148.44 |
| Retail Apps | 1,92,327 | © IPO Premium | |
| Category | Retail | sHNI | bHNI |
|---|---|---|---|
| Min Shares | |||
| Min Amount | |||
| Application Reserved | |||
| Subject 2 | |||
| FIX |
Incorporated in 2011, Shri Techtex Limited manufactures Polypropylene (PP) Non-Woven Fabric in a variety of sizes and densities.
The company manufactures Polypropylene (PP) Non-Woven Fabric, which is used for ecological applications, especially in fields and industries where disposable or single-use products are necessary, such as organic farming, hospitals, health care, nursing homes, home furnishing, vehicle upholstery seat fabrication, Mattress & furniture covering, ecological packaging, industrial and consumer goods.
Since FY 2011, as a Partnership firm, Shri Techtex was engaged in the business of industrial trading activity in Polymers, Chemicals, Packaging Materials and other allied products. Upon conversion of the Partnership Firm to a company, Shri Techtex continued manufacturing on a job-work basis. W.e.f. April 01, 2021, as a result of demerger, the said business of contract manufacturing was transferred to the resultant company Aurum Fabritech Private Limited (Aurum Fabritech Private Limited was converted to LLP w.e.f. February 02, 2022). After the demerger, to date, the company is engaged in the business of manufacturing Polypropylene (PP) Non-Woven Fabric.
Shri Techtex's manufacturing site is located at Simaj of Dholka Taluka in the Ahmedabad District of Gujarat with a manufacturing capacity of 3600 MT PP non-woven fabric per annum. The manufacturing facility is spread across 41548 sq. meters.
The company's client base comes from Gujarat, Tamil Nadu, and West Bengal as well as countries like the USA, Taiwan, Canada, Denmark, and China.
Shri Techtex is planning an expansion by adding new products like PP Tufted Fabric, commonly known as Artificial Grass and PP Multifilament Yarns. The company will purchase new specialized machinery for manufacturing the new products, and is expecting to commence production by October 2023. The machinery will have an installed capacity to manufacture 1200 tons per annum for the PP Multifilament and 30 Lakhs Sq Meters per annum for PP Tufted Fabric (Artificial Grass).
Shri Techtex IPO Details
| Total Issue Size | 7,400,000 shares (aggregating up to ₹45.14 Cr) |
| Fresh Issue | 7,400,000 shares (aggregating up to ₹45.14 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,550,000 |
| Share holding post issue | 24,950,000 |
Shri Techtex IPO Reservation
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
Company Financials
| Period Ended | 31-Mar-20 | 31-Mar-21 | 31-Mar-22 | 30-Nov-22 |
|---|---|---|---|---|
| Total Assets | 1,766.65 | 4,652.15 | 5,282.41 | 6,030.73 |
| Total Revenue | 1,625.73 | 4,021.58 | 5,182.15 | 3,626.02 |
| Profit After Tax | 447.23 | 1,265.68 | 826.56 | 607.24 |
| Net Worth | 808.49 | 2,075.69 | 2,099.47 | 2,686.21 |
| Reserves and Surplus | 588.04 | 1,853.72 | 1,875.99 | 2,483.23 |
| Total Borrowing | 488.05 | 1,498.66 | 2,451.57 | 2,934.10 |
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: shritechtex.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html