Shree Ram Twistex IPO subscribed 5% on Day 1 so far; check GMP, other key details

Shree Ram Twistex IPO opens for subscription in primary market.

Shree Ram Twistex initial public offer (IPO) got subscribed 5 percent on the first day of share sale on Monday.

The IPO received 5 percent subscription on Monday, till 12:45 pm. The company's IPO got bids for 5.38-lakh shares against 1.06-crore shares on offer, according to the NSE data.

The quota for retail individual investors was subscribed 48 percent, while the portion for non-institutional investors received 2 percent subscription.

The company's Rs 110 crore initial public offering (IPO) will conclude on February 25. The company has fixed a price band of Rs 95-104 per share.

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Shree Ram Twistex IPO GMP Today Price

According to platforms tracking the grey market activities, the shares of Shree Ram Twistex are commanding a GMP of up to 5 percent in the unofficial market. Investorgain quoted a GMP of Rs 5.5 per share, indicating a listing gain of 5.29 percent. IPO Watch quoted a GMP of 4.81 percent.

The IPO will conclude on February 25. The Gujarat-based company will finalise IPO share allotment by February 26 and list its equity shares on the bourses on March 2.

This would be among three mainboard IPOs opening next week. Clean Max Enviro Energy Solutions' Rs 3,100-crore public issue will open on the same day, while PNGS Reva Diamond Jewellery will launch its Rs 380-crore offer on February 24.

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