Shri Techtex Limited is engaged in the manufacturing of Polypropylene (PP) Non-Woven Fabric. Their products find ecological applications in various fields and industries, especially those requiring disposable or single-use products, such as organic farming, healthcare, home furnishing, vehicle upholstery, ecological packaging, and more. They produce PP non-woven fabric in various sizes, ranging up to 4.5 meters, with densities between 15 GSM and 800 GSM.
The company’s manufacturing facility spread across 41548 sq. meters, is located in Simaj, Dholka Taluka, Ahmedabad District, Gujarat. It has a manufacturing capacity of 3600 MT of PP non-woven fabric per year.
In the past, as a Partnership Firm since FY 2011, Shri Techtex Limited was involved in industrial trading activities related to Polymers, Chemicals, Packaging Materials, and other allied products. However, after converting to a company, they shifted their focus to manufacturing on a job-work basis, primarily serving their group companies. Subsequently, due to a demerger on April 01, 2021, the contract manufacturing business was transferred to a resultant company named Aurum Fabritech Private Limited (later converted to LLP on February 02, 2022). Since then, Shri Techtex Limited has been solely engaged in the manufacturing of Polypropylene (PP) Non-Woven Fabric.
To expand its product portfolio, Shri Techtex Limited is planning to introduce new products, including PP Tufted Fabric (commonly known as Artificial Grass) and PP Multifilament Yarns. They are in the process of importing specialized machinery for these products, with an expected readiness for commercial production by October 2023. The machinery’s installed capacity will allow the production of 1200 tons per annum for PP Multifilament and 30 Lakhs Sq Meters per annum for PP Tufted Fabric (Artificial Grass).
Shri Techtex Limited IPO Complete Details:
| IPO Date | 26 July 2023 to 28 July 2023 |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Face Value | 10 Rs. Per Share |
| Price | 54-61 Rs. |
| Lot Size | 2000 |
| Issue Size | 7,400,000 shares (Rs.45.14 Cr) |
| Fresh Issue | 7,400,000 shares (Rs.45.14 Cr) |
| Listing Date | 07 August 2023 |
Shri Techtex Limited IPO Timetable:
| Activity | Date* |
|---|---|
| Opening Date | 26 July 2023 |
| Closing Date | 28 July 2023 |
| Allotment | 02 August 2023 |
| Initiation of Refunds | 03 August 2023 |
| Credit of Shares to Demat Account | 04 August 2023 |
| Listing Date | 07 August 2023 |
Company Financial Details:
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Borrowings |
|---|---|---|---|---|---|
| 31 March 2020 | 1,766.65 | 1,625.73 | 447.23 | 808.49 | 488.05 |
| 31 March 2021 | 4,652.15 | 4,021.58 | 1,265.68 | 2,075.69 | 1,498.66 |
| 31 March 2022 | 5,282.41 | 5,182.15 | 826.56 | 2,099.47 | 2,451.57 |
| 31 November 2022 | 6,030.73 | 3,626.02 | 607.24 | 2,686.21 | 2,934.10 |
AS OF NOW, the GMP OF Shri Techtex Limited is Around 30 Rs.