Shri Techtex Limited

Shri Techtex Limited IPO Review, Date, Price, GMP

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 Date26 July 2023 to 28 July 2023
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Face Value10 Rs. Per Share
Price54-61 Rs.
Lot Size2000
Issue Size7,400,000 shares (Rs.45.14 Cr)
Fresh Issue7,400,000 shares (Rs.45.14 Cr)
Listing Date07 August 2023

Shri Techtex Limited IPO Timetable:

Opening Date26 July 2023
Closing Date28 July 2023
Allotment02 August 2023
Initiation of Refunds03 August 2023
Credit of Shares to Demat Account04 August 2023
Listing Date07 August 2023
* Date May Change

Company Financial Details:

Period EndedAssetsRevenueProfit After TaxNet WorthBorrowings
31 March 20201,766.651,625.73447.23808.49488.05
31 March 20214,652.154,021.581,265.682,075.691,498.66
31 March 20225,282.415,182.15826.562,099.472,451.57
31 November 20226,030.733,626.02607.242,686.212,934.10
Amount In Lakhs

AS OF NOW, the GMP OF Shri Techtex Limited is Around 30 Rs.

Leave a Reply

Your email address will not be published. Required fields are marked *