Shri Techtex Limited (NSE SME)

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Shri Techtex Limited (NSE SME)

July 26, 2023 – July 28, 2023

Price ₹54 - ₹61
Premium ₹30
Lot size 2000
Allotment Aug 2, 2023
Listing Aug 4, 2023

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CategoryOfferedAppliedTimes
QIB14,10,0008,18,26,00058.03
NIB10,56,00026,50,20,000250.97
RETAIL24,62,00038,46,54,000156.24
Total49,28,00073,15,00,000148.44
Retail Apps1,92,327© IPO Premium

About

Category Lot(s) Qty Amount Reserved
Retail 1 2000 122000 0
HNI 2 4000 244000 0
CategoryRetailsHNIbHNI
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 Size7,400,000 shares
(aggregating up to ₹45.14 Cr)
Fresh Issue7,400,000 shares
(aggregating up to ₹45.14 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue17,550,000
Share holding post issue24,950,000
Shri Techtex IPO Reservation
QIB Shares OfferedNot more than 50.00% of the Net offer
NII (HNI) Shares OfferedNot less than 15.00% of the Offer
Retail Shares OfferedNot less than 35.00% of the Offer
Company Financials
Period Ended31-Mar-2031-Mar-2131-Mar-2230-Nov-22
Total Assets1,766.654,652.155,282.416,030.73
Total Revenue1,625.734,021.585,182.153,626.02
Profit After Tax447.231,265.68826.56607.24
Net Worth808.492,075.692,099.472,686.21
Reserves and Surplus588.041,853.721,875.992,483.23
Total Borrowing488.051,498.662,451.572,934.10

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Address

Shri Techtex Limited
Harmony, 2nd Floor,15/A, Shree Vidhyanagar Co.Op.
Hsg. Soc. Ltd. Opp. Nabard,
Nr. Usmanpura Garden Ahmedabad - 380014
Phone: +91 78741 32777
Email: cs@shritechtex.co.in
Website: https://shritechtex.com/

Registrar

Link Intime India Private Ltd
Address: Link Intime India Private Ltd Link Intime India Private Ltd C 101, 247 Park, L.B.S.Marg, Vikhroli (West), Mumbai - 400083