⚠️ Neutral
Listed
Garments & Apparels
Shree Ram Twistex Limited IPO
₹110 Cr · Fresh Issue · Garments & Apparels
Price Band
₹95 – ₹104
Lot: 2000 shares (₹208,000)
GMP (Grey Market)
₹15 (+21.43%)
Est. listing ₹119
Issue Size
₹110 Cr
Fresh Issue
Market Cap
₹415.74 Cr
At upper band
P/E Ratio
52x
P/S: 1.6x
Listing Date
02 Mar 2026
BSE & NSE
IPO Timeline
✓
Opens
23 Feb 2026
✓
Closes
25 Feb 2026
✓
Allotment
26 Feb 2026
✓
Refund
27 Feb 2026
✓
Listing
02 Mar 2026
IPO India Hub Recommendation: Neutral
The company shows solid revenue and consistent profitability, which is encouraging for new investors. However, the high price multiples mean the stock could be vulnerable if earnings growth slows. Consider the valuation risk before committing.
Our Analysis — Key Points
✓ Strength
Strong revenue base in apparel sector
The company generated ₹255.04 crore in revenue in the latest fiscal year, indicating a sizable presence in the garments market. Its product range caters to a broad customer base, helping it maintain steady sales. The scale of operations supports better bargaining power with suppliers.
✓ Strength
Consistent profit generation despite competition in
Net profit of ₹8.00 crore shows the business can turn revenue into earnings. The profit margin, while modest, has been positive for consecutive years. This consistency suggests sound cost management in a crowded industry.
⚠ Risk
High valuation may limit upside for
A price‑to‑earnings ratio of 52 times earnings places the stock at a premium compared with many peers. If the company's growth slows, the share price could face pressure. Investors should watch for any dip in demand for apparel, which would affect earnings.
$ Valuation
Valuation metrics suggest premium pricing relative
At the top of the price band, the market cap is projected at ₹415.74 crore, translating to a P/E of 52x and a P/S of 1.6x. These multiples are higher than average for the sector, indicating that the IPO may be priced for growth expectations. Buyers need to assess whether the earnings trajectory justifies this level.
Top Analyst Reviews
| Analyst / Firm | Rating | Known For | Review |
|---|---|---|---|
| IPO India Hub Our independent review |
Original analysis based on DRHP & public financials | This page | |
| Dilip Davda Chittorgarh.com |
India's most followed independent IPO analyst | Search on Chittorgarh → | |
| Capital Market (CM Rating) CapitalMarket.com |
Widely-cited "New Issue Monitor" reports | Search on CapitalMarket → | |
| ICICI Securities ICICIdirect Research |
SEBI-registered broker research desk | Visit ICICIdirect → | |
| IPO Guru Analyst Leaderboard ipoguru.in |
Ranks 49 analysts by real IPO outcome accuracy | View leaderboard → |
External links go to each platform's IPO section — search for "Shree Ram Twistex Limited" to find the specific review. IPO India Hub does not represent the accuracy of third-party ratings.
Company Snapshot
Revenue
₹255.04 Cr
Net Profit
₹8.00 Cr
Industry
Garments & Apparels
Issue Type
Fresh Issue
Promoters
BHAVESHBHAI BHIKHUBHAI RAMANI, JAY ATULBHAI TILALA, AND NIDHI BHAVESHBHAI KOTHARI
Lead Managers
Interactive Financial Services
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