Shree Ram Twistex Lists At ₹69.85, Trades 32.84% Below Issue Price On Debut

Mumbai, March 2, 2026: Shree Ram Twistex Limited commenced trading on the exchanges at ₹68.00 and was trading at ₹69.85 as of 10:20 AM IST on March 2, 2026, reflecting a 32.84% discount to its issue price of ₹104 per share. The stock touched a high of ₹70.00 and a low of ₹66.00 in early trade so far, according to exchange data. The listing follows the completion of its ₹110.24 crore bookbuilding public issue.

The decline against the issue price comes despite strong subscription interest during the bidding period, with the IPO subscribed 43.66 times by the close of Day 3 on February 25, 2026, as per subscription data available on the exchanges.

IPO Structure and Offer Details

The public issue was entirely a fresh issue of 1,06,00,000 equity shares aggregating to ₹110.24 crore at the upper price band of ₹104 per share. The price band for the offer was ₹95 to ₹104 per share, with a face value of ₹10 each.

The IPO opened for subscription on February 23, 2026, and closed on February 25, 2026. Allotment was finalised on February 26, 2026, ahead of its listing on BSE and NSE on March 2, 2026.

Subscription Data By Category

The IPO was subscribed 43.66 times overall. The retail individual investors’ portion was subscribed 76.63 times, while the non-institutional investors’ segment saw subscription of 220.30 times. The qualified institutional buyers’ category (excluding anchor investors) was subscribed 3.94 times, according to exchange data as of 6:54:47 PM on February 25, 2026.

In absolute terms, bids were received for 46,28,41,632 shares against 1,06,00,000 shares on offer. Total applications stood at 5,63,223.

Share Price Snapshot at 10:20 AM IST

As of 10:20 AM IST, the stock was trading at ₹69.85, up ₹1.85 or 2.72% compared with its opening price of ₹68.00. The volume-weighted average price (VWAP) stood at ₹68.12 during the session.

The stock remains below its issue price of ₹104 per share. The company is listed on both BSE and NSE under the scrip code 544716 and symbol SRTL, respectively.

The listing marks the company’s entry into the secondary markets following the completion of its public offer process, with trading currently in the BE series on the exchange.

Source:

https://www.nseindia.com/get-quote/equity/SRTL/Shree-Ram-Twistex-Limited