Shree Ram Twistex IPO
Shree Ram Twistex Limited (SRTL) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 02 March 2026.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +15.6% (likely range -8% to +37%), day's high +20.7%, chance of a gain 51%. Actual: -34.6% at the open, -31.4% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 79,50,000 | 3,13,42,320 | 3.94x | |
| NII (HNI) total | 15,90,000 | 35,02,10,880 | 220x | |
| Big NII (above ₹10 lakh) | 10,60,000 | 25,54,00,704 | 241x | |
| Small NII (₹2-10 lakh) | 5,30,000 | 9,48,10,176 | 179x | |
| Retail | 10,60,000 | 8,08,18,272 | 76.2x | |
| Total | 1,06,00,000 | 46,23,71,472 | 43.6x |
Bids on NSE and BSE together, as published by NSE, as of 25 Feb 2026, 04:42 PM. Shares offered exclude the anchor portion. 18% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Shree Ram Twistex's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Deepak Builders & Engineers IndiaOct 2024 | 13.9x | 82.5x | 39.8x | 41.5x | ₹260 Cr | -1.5% | -1.5% |
| Vidya WiresDec 2025 | 5.12x | 52.0x | 27.9x | 26.6x | ₹321 Cr | 0.0% | +12.4% |
| Dev AcceleratorSep 2025 | 20.3x | 88.0x | 165x | 64.0x | ₹143 Cr | 0.0% | +5.0% |
| Supriya LifescienceDec 2021 | 31.8x | 161x | 56.0x | 71.5x | ₹724 Cr | +53.6% | +53.6% |
| NurecaFeb 2021 | 3.10x | 31.6x | 167x | 39.9x | ₹101 Cr | +53.8% | +61.4% |
| Advance AgrolifeOct 2025 | 27.3x | 175x | 23.1x | 56.9x | ₹193 Cr | +14.0% | +14.5% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Interactive Financial Services | 3 | -10.3% | 67% |
Offer documents (NSE)
Frequently asked
What is the Shree Ram Twistex IPO price band and lot size? ₹95.0–104 per share, with a lot of 144 shares, so the smallest retail bid is ₹14,976.
How many times has it been subscribed? 43.6x overall: QIB 3.94x, NII 220x, retail 76.2x.
How did it list? It opened at ₹68.0, -34.6% against the issue price of ₹104, and closed its first day -31.4%.
