Shree Ram Twistex IPO Day 2: Subscription Surges 11x with Robust GMP Signs

The Shree Ram Twistex IPO continued to draw strong investor interest on its second day of subscription, with overall bids rising to approximately 11 times the issue size. The IPO opened on 23 February 2026 and is set to remain open for subscription through 25 February 2026. Early subscription data reflects enthusiastic participation from retail investors, with non-institutional and institutional categories also contributing to the demand.

On Day 2, the retail segment recorded a significant uptick in bids, showing substantial confidence from individual applicants. This surge helped push the overall subscription metric into double-digit traction, making Shree Ram Twistex one of the more actively subscribed issues in the current IPO calendar. Analysts have noted that such early momentum often signals strong public interest and could translate into a favourable response when the IPO closes.

One of the most watched indicators for pre-listing sentiment has been the grey market premium (GMP). Ahead of Day 2, the GMP for Shree Ram Twistex IPO remained elevated, trading in the range of ₹4 to ₹5 per share. Given the IPO’s price band of ₹95 to ₹104, this grey market premium implies anticipated listing gains in the range of 4 to 5 percent or more, depending on market conditions at the time of listing. While GMP is not an official figure, it serves as a barometer of investor expectations and is closely followed by market participants.

The IPO price band was fixed between ₹95 and ₹104 per share, and investors must bid for a minimum lot size of 144 shares. This means that at the upper end of the band, a retail investor needs to invest around ₹14,976 to apply for a single lot. Shree Ram Twistex’s offering is fully a fresh issue, and the company plans to use the proceeds for expansion initiatives, including setting up renewable energy infrastructure such as solar and wind energy projects. These green investments aim to reduce manufacturing costs and support sustainability in its operations.

Subscription across the non-institutional investor category also showed healthy interest, while qualified institutional buyers (QIBs) contributed to the overall demand pool, albeit at a moderate pace compared with retail participation. Market experts often view robust retail uptake as a positive signal, indicating confidence not just in immediate listing gains but in the company’s business fundamentals.

Shree Ram Twistex is engaged in manufacturing cotton yarns, including compact ring spun and carded yarns that have applications in textiles such as denim, terry towels, sweaters, and shirts. The company also produces value-added products like Eli Twist and Lyrca-blended yarns, which cater to specialised industry requirements. Its diversified product mix and established presence in the textile value chain have helped attract investor attention in an IPO market that has seen several industrial and consumer-oriented offerings.

Market analysts have underlined the importance of understanding valuation before subscribing, noting that while the grey market figures suggest potential listing gains, investors should also assess long-term growth prospects and industry dynamics. Factors such as raw material price volatility and customer mix are among some considerations that could influence performance beyond the listing day.

As the IPO moves toward its final day of subscription on 25 February 2026, investors will be closely watching updated subscription statistics and grey market movements. The basis of allotment is expected to be announced by 26 February 2026, with share credit anticipated by 27 February 2026. Shree Ram Twistex shares are scheduled to list on stock exchanges on 2 March 2026, marking a key milestone for investors and market watchers alike. The ongoing strong subscription trend and steady GMP point toward a promising market debut for Shree Ram Twistex’s public offering.