Shri Techtex Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Shri Techtex

CMP

63.55

-0.40 (-0.63%)

₹61

Offer Price

₹ 45.14 Cr

Issue Size

₹ 1,22,000

Min Investment

2,000

Lot size

Time Line

  • 26
    Jul 2023
    Open
  • 28
    Jul 2023
    Close
  • 02
    Aug 2023
    Finalisation of Basis of Allotment
  • 03
    Aug 2023
    Initiation of Refunds
  • 03
    Aug 2023
    Transfer of Shares to Demat Account
  • 04
    Aug 2023
    Listing Date

Objects of the Offer

  • Expanding Product Portfolio.

  • Continue improving financial performance through focus on operational and functional efficiencies.

  • Leveraging its market skills and relationship.

  • Optimal Utilization of Resources.

Strengths

  • Experienced Promoters and Management Team:

  • Prime Location of its Manufacturing Facility.

  • Infrastructure and Integrated capabilities to deliver quality Products.

  • Wide Application of Products.

Risks

  • Details Provided in chapter The Promoters and Promoter Group are limited to information provided by company.

  • The Company, Promoters, Directors and group Companies are involved in certain litigations including tax related litigations, which if determined against them/us, can affect financial conditions of the company.

  • The Company is dependent on few numbers of customers & Group Companies for sales. Loss of any of these large customers may affect its revenues and profitability.

  • The Company is dependent on few numbers of suppliers for purchase of product. Loss of any of this large supplier may affect its business operations.

  • In addition to normal remuneration, other benefits and reimbursement of expenses to the Promoters and Directors; they are interested to the extent of their shareholding and dividend entitlement thereon in the Company and for the transactions entered into between the Company and themselves as well as between the Company and the Group Companies/Entities.

Company Promoters

Promoters Holding

Issue For IPO
21.63%
Pre Holding

72.94%

Post Holding

51.31%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 51.18 (29.70%) 56.92 (11.20%) 30.54 (-)
Gross Profit 51.18 (29.70%) 56.92 (11.20%) 30.54 (-)
Net Income 51.18 (29.70%) 56.92 (11.20%) 30.54 (-)
Assets 51.18 (29.70%) 56.92 (11.20%) 30.54 (-)
Liabilities 51.18 (29.70%) 56.92 (11.20%) 30.54 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Shri Techtex Ltd 56.92 9.11 68.35 38.23 30.54 0.00 17.16 6.17 0.47
Garware Technical Fibres Ltd 1,305.55 172.20 1,493.17 1,493.17 16.94 83.54 498.77 11.53 0.13
Shubham Polyspin Ltd 44.61 0.83 27.92 27.92 5.76 0.76 11.93 2.98 0.72

Book Running Managers

  • Beeline Capital Advisors Pvt Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

Harmony 2ndFlr 15/A Opp NABARD,
Shree Vidhyanagar Co Op HsgSoc,
Ahmedabad - 380014
Phone : 91-78741 32777 Email : cs@shritechtex.co.in

Offer Related Information

Public issue of 7400000 equity shares of face value of Rs. 10/- each of Shri Techtex Limited ("STL" or the "Company" or the "Issuer") for cash at a price of Rs. 61/- per equity share including a share premium of Rs. 51/- per equity share (the "Issue Price") aggregating to Rs. 45.14 crores ("The Issue"), of which 372000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 61/- per equity share including a share premium of Rs. 51/- per equity share aggregating to Rs. 2.27... More

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