Shri Techtex Limited

Company Profile
Company Name Shri Techtex Limited
Open Date 26-07-2023
Close Date 28-07-2023
Exchange NSE SME
Lot Size 2000 Shares
Issue Price ₹ 54 - 61 per share
Issue Size 74,00,000 Equity Shares
Application Amount ₹ 1,22,000
Recommendation Risk_Averse - Should Wait Risk_Seekers - Should Apply
Shri Techtex Ltd was incorporated in the year 2011 and has its registered office in Ahmedabad. Company is engaged in the business of Polypropylene (PP) Non-Woven Fabric manufacturing. The practical use of non-woven fabric produced by the company is ecological for certain applications, especially in fields and industries where disposable or single use products are important, such as organic farming, hospitals, health care, nursing homes, home furnishing, vehicle upholstery seat fabrication, Mattress & furniture covering, ecological packaging, industrial and consumer goods. They manufacture PP non-woven fabric in variety of sizes and density. The company majorly cater to off shore customers. They have started exploring domestic market for products manufactured by them from financial year 2022-23. As on 31st March 2023, the company had 86 staff base on its payroll.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-21 Mar-22 Mar-23
Total Assets 4,652.15 5,282.41 7,386.45
Net Assets 3,967.65 4,040.67 6,186.39
Total Borrowings 1,498.66 2,451.57 3,188.98
Total Revenue 4,021.58 5,182.14 5,807.58
Profit After Tax 1,265.69 826.56 910.61

Tentative Timeline

Opening Date 26-07-2023
Closing Date 28-07-2023
Basis of Allotment 02-08-2023
Initiation of Refunds 03-07-2023
Credit of Shares to Demat 04-08-2023
Listing Date 07-08-2023

Objects of the Issue

Construction of Factory Shed.
Commissioning of Solar Plant.
Purchase of Machineries.
To Meet Working Capital Requirements.
General Corporate Purpose.
To meet Public Issue Expenses.

Contact Information

Registered Office Harmony, 2nd Floor,15/A, Shree Vidhyanagar Co.Op. Hsg. Soc. Ltd. Opp. Nabard, Nr. Usmanpura Garden Ahmedabad - 380014, Gujarat, India.
Phone +91 78741 32777
Email +91 78741 32777

Registrar Details

Name Link Intime India Private Limited
Phone +91 810 811 4949

IPO Reservation

Anchor Investor Shares Offered 2,100,000 (28.38%)
Market Maker Shares Offered 372,000 (5.03%)
QIB Shares Offered 1,410,000 (19.05%)
NII (HNI) Shares Offered 1,056,000 (14.27%)
Retail Shares Offered 2,462,000 (33.27%)
Total Shares Offered 7,400,000 (100%)

Shareholding Pattern

Pre Issue Share Holding(Promoters) 100%
Post Issue Share Holding(Promoters) 70.34%

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