Check Shree Ram Twistex IPO GMP As Mainboard IPO Opens For Subscription

Shree Ram Twistex Ltd has officially launched its initial public offering (IPO), aiming to raise over Rs 110 crore. The subscription period for the IPO is set from February 23 to February 25, with shares priced between Rs 95 and Rs 104 each. Currently, the grey market is indicating a premium of Rs 5 per share, suggesting positive investor sentiment ahead of the launch. This IPO marks a significant step for Shree Ram Twistex as it seeks to enhance its financial position and expand its operational capabilities. Investors are keenly watching this offering, given the current trends in the Indian equity market, which has seen a resurgence in IPO activity. The company’s performance in the market will be closely monitored as it provides insights into investor confidence in the textile sector, particularly at a time when the industry is navigating various challenges and opportunities in the post-pandemic landscape.