Shree Ram Twistex Ltd IPO Opens for Subscription
Shree Ram Twistex Ltd has launched its IPO to raise over Rs 110 crore, which will be open for subscription from February 23 to 25. The shares are priced between Rs 95 and Rs 104 each, with a grey market premium of Rs 5.
Shree Ram Twistex Ltd has initiated its initial public offering (IPO) with the aim of raising more than Rs 110 crore. The IPO will be available for subscription from February 23 to February 25. The price range for the shares is set between Rs 95 and Rs 104 each.
IPO Pricing and Market Details
The grey market premium for the shares is currently noted at Rs 5, indicating the expected market performance of the stock once it begins trading. This premium reflects investor sentiment and demand for the shares ahead of the official listing.
According to a report by NDTV Business (Profit), the IPO is part of Shree Ram Twistex's strategy to enhance its capital base and support future growth initiatives. Investors interested in participating in the IPO should consider the pricing and market conditions during the subscription period.