Shri Techtex SME IPO: Last Day to Invest in Fabric Manufacturer

Today, July 28, 2023 ; 5pm is the last day to subscribe to the Shri Techtex SME IPO, which is a public issue of 7.4 million equity shares by Shri Techtex Ltd., a Gujarat-based manufacturer of polypropylene (PP) non-woven fabric. The issue opened on July 26, 2023, and has received a strong response from investors across all categories. Here are some key details about the IPO that you should know before applying:

• The issue price band is Rs. 54 to Rs. 61 per share and the minimum lot size is 2000 shares with Rs. 122,000 application amount. The issue size is Rs. 45.14 crore.
• The issue is listed on the NSE SME Exchange, which is a dedicated platform for small and medium enterprises (SMEs) to raise capital and access the capital markets.
• The net issue proceeds will be utilized for the following purposes: constructing a factory shed, purchasing machinery, commissioning a solar plant, meeting working capital requirements, and supporting general corporate needs. This strategic allocation aims to enhance operational capabilities, promote sustainability, and drive overall business growth.
• The company operates in the non-woven fabric industry, which is used by various end-user industries such as agriculture, health care, hygiene, automotive, construction, packaging, etc.

If you are interested in applying for this IPO, you can do so through ASBA (Application Supported by Blocked Amount) facility available in your bank account or through IPO forms downloaded online or obtained from your broker or bank. You can also check the subscription status, allotment status, listing date, and other details of this IPO on various websites such as Chittorgarh,IPO Watch, Zee Business , Livemint

Shri Techtex SME IPO FAQs

Disclaimer: This article is for informational purposes only and does not constitute any investment advice or recommendation. Investors should do their own research and analysis before investing in any IPO or securities. The author is not affiliated with Shri Techtex Ltd. or any of its associates.