Shree Ram Twistex Ltd

Shree Ram Twistex share price listed at ₹ 68 on the NSE, down 34.62%, or ₹ 36, from the offer price. At the same time, on BSE, Shree Ram Twistex share price debuted at a 32.69% discount at ₹ 70.

Shree Ram Twistex IPO listing is set for Mar 2, following a successful subscription period. The IPO received significant interest from non-institutional investors, with a subscription rate of 220.30x. The estimated listing price is projected at ₹ 81, reflecting a 22.12% discount from the IPO price.

Shree Ram Twistex's IPO, attracting massive interest with a subscription rate of 53 times, is set to debut on March 1. However, the grey market premium indicates a potential listing at a 20% discount to its issue price of ₹ 104.

Clean Max Enviro and Shree Ram Twistex IPOs reveal negative grey market premiums, suggesting potential discount listings. The Clean Max IPO price is set between ₹ 1,000 and ₹ 1,053, while Shree Ram Twistex aims to generate ₹ 110.24 crore through its offering.

Shree Ram Twistex IPO allotment will be finalized today. Investors can check their allotment status on Bigshare Services Pvt Ltd. The IPO was oversubscribed 43.66 times. Shares will be credited to demat accounts on February 27, with refunds for unsuccessful applicants starting the same day.

According to data from BSE, Shree Ram Twistex IPO was subscribed 43.66 times as it garnered bids for 46,28,41,632 shares as against 1,06,00,000 shares on offer. The NII portion was booked the most at 220.30 times.

Shree Ram Twistex IPO GMP: According to experts, shares of the company are available at a premium of ₹ 9 in the grey market today

Shree Ram Twistex IPO price band is set at ₹ 95 to ₹ 104 per share. The company aims to raise ₹ 110.24 crore from the book-building issue, which is entirely a fresh issue of 1.06 crore equity shares.