Shri Techtex IPO: GMP, subscription status on day 3, and other key details here
₹54 to ₹61 per equity share and the share will be listed on the NSE SME exchange Monday, 7 August. Shri Techtex IPO plans to raise ₹45-50 crore. The company plans to use the net proceeds from the offering to pay for the following projects, including building a factory shed, starting a solar farm, buying equipment, meeting working capital needs, serving general corporate objectives, and covering public offering costs.
Shri Techtex IPO date: The Shri Techtex SME IPO share allotment will take place on Wednesday, 2 August. Those allotted shares will get them in their Demat accounts on Friday, 4 August. The refund process for those who did not get shares will begin on Thursday, 3 August.
Shri Techtex Ltd was founded in 2011 and produces Polypropylene (PP) Non-Woven Fabric in a range of sizes and densities. The business produces Polypropylene (PP) Non-Woven Fabric, which is used for environmentally friendly applications, particularly in fields and industries where disposable or single-use products are required, like organic farming, hospitals, nursing homes, home furnishings, vehicle upholstery seat fabrication, mattress & furniture covering, environmentally friendly packaging, industrial, and consumer goods. Shri Techtex IPO was subscribed 146.08 times on day 3 so far.
The issue received positive response from retail investors who's portion set was subscribed 151.69 times, non-institutional buyers who's portion set was subscribed 250.54 times, and Qualified institutional buyers (QIBs) who subscribed to the issue 58.03 times, at 16:00 IST, according to data on chittorgarh.com. The company has received bids for 71,98,66,000 shares against 7,400,000 shares on offer, according to data on chittorgarh.com. Shri Techtex IPO
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