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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹45.14 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹45.14 Cr |
| Fresh Issue | ₹42.87 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹54.00-61.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | SHRITECH |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Beeline Capital Advisors Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,000 shares and in multiples thereof
Shri Techtex IPO comprises a total issue size of 74,00,000 shares. The net offer to the public is 70,28,000 shares, after excluding 3,72,000 shares allotted on a firm basis. Of the Net offer 35,10,000 (49.94%) are allocated to QIB, 10,56,000 (15.03%) allocated to NII 24,62,000 (35.03%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 35,10,000 | 49.94% | 47.43% |
| − Anchor Investor Shares Offered | 21,00,000 | 28.38% | |
| − QIB (Ex. Anchor) Shares Offered | 14,10,000 | 19.05% | |
| NII (HNI) Shares Offered | 10,56,000 | 15.03% | 14.27% |
| Retail Shares Offered | 24,62,000 | 35.03% | 33.27% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,72,000 | 5.03% | |
| Total Shares Offered | 74,00,000 | 100.00% | 100.00% |
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).
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Construction of Factory Shed | 3.71 |
| 2 | Purchase of Machineries | 6.31 |
| 3 | Commissioning of Solar Plant | 4.90 |
| 4 | To Meet Working Capital Requirements | 15.31 |
| 5 | General Corporate Purpose | 11.26 |
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 73.86 | 52.82 | 46.52 | 17.67 |
| Total Income | 58.08 | 51.82 | 40.22 | 16.26 |
| Profit After Tax | 9.11 | 8.27 | 12.66 | 4.47 |
| NET Worth | 29.82 | 20.99 | 20.76 | 8.08 |
| Reserves and Surplus | 12.57 | 18.76 | 18.54 | 5.88 |
| Total Borrowing | 31.89 | 24.52 | 14.99 | 4.88 |
| Amount in ₹ Crore | ||||
| KPI | |
|---|---|
| ROE | 35.84% |
| ROCE | 20.07% |
| Debt / Equity | 1.07% |
| RoNW | 30.54% |
| PAT Margin | 16.00% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 5.19 | |
| P/E (x) | 16.71 | |
| Promoter Holding | 100% | 70.34% |
| Market Cap | ₹152.20 Cr. | |
