Shree Ram Twistex IPO Opens with Low Overall Subscription, Retail Interest Higher

Shree Ram Twistex launched its Rs 110 crore IPO from February 23 to 25, offering 1.06 crore fresh shares priced between Rs 95 and Rs 104. The IPO aims to fund renewable energy projects, debt repayment, and working capital. On Day 1, the issue was subscribed 0.11 times overall, with retail investors showing stronger interest at around 82% subscription. The grey market premium ranged from Rs 5 to Rs 6.25, suggesting modest listing gains. Allotment is expected on February 26, with listing planned for March 2 on BSE and NSE.