Shree Ram Twistex IPO Allotment: Steps to check status, subscription and listing date

Shree Ram Twistex Ltd is expected to finalise the share allotment status for its initial public offering (IPO) on Thursday, February 26, following a strong response from investors across categories. The IPO was overall booked 43.66 times on the third and final day of bidding on February 25.

The mainboard issue received bids for more than 46.28 crore shares against 1.06 crore shares on offer.

The retail portion of the IPO

was booked 76.63 times. The Non-Institutional Investors (NIIs) subscribed their category 220.3 times. The IPO was booked 3.94 times in the Qualified Institutional Buyers’ (QIBs) category.

Shree Ram Twistex IPO was a book-building issue worth ₹110.24 crore. The IPO opened for subscription on February 23. The IPO was entirely a fresh issuance of 1.06 crore shares. The price band for the IPO was fixed at ₹95 to ₹104 per share.

According to its draft prospectus, Shree Ram Twistex will be using the IPO funds towards setting up a 6.1 MW solar power plant and a 4.2 MW wind power plant for captive use, loan repayment and working capital requirements.

A portion of the funds will also be used for general corporate purposes.
The Shree Ram Twistex IPO share allotment status can be checked online on the websites of the BSE, NSE and the issue registrar, Bigshare Services Pvt Ltd.

Check Shree Ram Twistex IPO share allotment on the BSE:

Click on the IPO allotment page at: https://www.bseindia.com/investors/appli_check.aspx
Next to Issue Type, click on ‘Equity’.
Select Issue Name ‘Shree Ram Twistex Ltd’ from the dropdown.
Provide your IPO application number or PAN No. to proceed.
Click on ‘Search’ to view your share allotment details.

Check Shree Ram Twistex IPO share allotment on the NSE:

Visit the IPO allotment page on the NSE at: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
Select the option 'Equity & SME IPO bid details'
From the ‘Select Symbol’ dropdown, click on ‘SRTL’
Put in your application number and PAN to proceed
Click on the ‘Submit’

Check Shree Ram Twistex IPO allotment on Bigshare Services:

Go to the IPO allotment page on the Bigshare Services website: https://www.bigshareonline.com/ipo_Allotment.html
Select one of the three server links.
Under the ‘Select Company’ dropdown list, click on 'Shree Ram Twistex’.
Under ‘Select Selection Type’, choose one of the three options - Application number, Beneficiary ID and PAN.
Enter Captcha.
Click on 'Search' to view your allotment status.

The company is scheduled to credit shares to the Demat accounts of successful bidders on Friday, February 27, and refunds for unsuccessful applicants will also be issued on the same day.

Shares of Shree Ram Twistex are scheduled to debut on the NSE and BSE on Monday, March 2.

Shree Ram Twistex is engaged in the production of a wide range of cotton yarns, including compact ring-spun and standard carded variants, available in both combed and carded categories. These yarns cater to knitting and weaving applications and are used across diverse end products such as denim, terry towels, shirting and sheeting fabrics, sweaters, socks, bottom wear, home furnishings, and industrial textiles.