Shri Techtex Limited IPO : Company Details

Shri Techtex Limited IPO is set to launch on 26 July 2023. The company initiated its business operations in the year 2011. Shri Techtex Limited is involved in the manufacturing of PP Non-Woven Fabric. The product manufactured by the company is used in multiple industries like health care, organic farming, nursing homes, hospitals, vehicle upholstery seat fabrication, home furnishing, ecological packaging, mattress and furniture covering, industrial and consumer goods. 

The manufacturing facility of the firm is located in Dholka. It is spread across 41458 sq. mt. and has a manufacturing capacity of 3600 MT per annum. 

Shri Techtex Limited IPO DETAILS

Shri Techtex Limited IPO is set to launch on 26 July, 2023. The subscription timeline extends till 28 July, 2023. The size for the IPO is 45.14 Crore Rs. Shares issued through fresh issue mode are worth 45.14 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 2000 shares and the price is 54 Rs to 61 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is Link Intime India Private Limited.

Tabular Description of Shri Techtex Limited IPO 

Shri Techtex Limited IPO : IMPORTANT DATES

Shri Techtex Limited IPO begins for subscription from 26 July 2023. The IPO subscription would continue till 28 July, 2023. The allotment status for the shareholders who applied would come on 2 August, 2023. The refunds for the ones who did not get allotment would be initiated on 3 August, 2023. The DEMAT accounts of shareholders would be credited on 4 August, 2023. The listing of the company would be completed on 7 August, 2023.

Shri Techtex Limited IPO : Lead Managers

The lead managers are :

• Beeline Capital Advisors Private Limited

The minimum lot size for the company is decided at 2000 shares. This holding accounts to 122000 Rs.. The maximum lot size is decided at 4000 shares (HNI). This amounts to 244000 Rs.. Hence the company’s final holdings would be set as :

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.
• The IPO money will be used for construction of Factory Shed, Purchase of Machineries and Commissioning of Solar Plant.

COMPANY FINANCIALS

Shri Techtex Limited had an asset base of 4652 Lakh Rs in 2021, 5282 Lakh Rs in 2022 and 7386 Lakh Rs in 2023. The revenue of the firm was 4021 Lakh Rs in 2021 which increased to 5182 lakh Rs in 2022 and 5807 Lakh Rs in 2023. The company’s profit has been unstable. The profit of the frim was 1265 Lakh Rs in 2021 which decreased to 826 Lakh Rs in 2022. This increased to 910 Lakh Rs in 2023 but still could not go above the profit of the year 2021. 

PROS

• The product manufactured by the company is used in multiple industries like health care, organic farming, nursing homes, hospitals, vehicle upholstery seat fabrication, home furnishing, ecological packaging, mattress and furniture covering, industrial and consumer goods. 
• The manufacturing facility of the firm is located in Dholka. It is spread across 41458 sq. mt. and has a manufacturing capacity of 3600 MT per annum. 

CONS

• The company works in a highly competitive segment.

Shri Techtex Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1.   Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2.   Click the Shri Techtex Limited IPO button and press the BID button.
3.   Entering the details asked for like UPI ID, Quantity and price.
4.   Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.