Shree Ram Twistex Limited has officially launched its Initial Public Offering (IPO) today, Monday, February 23, 2026. The Rajkot-based cotton yarn manufacturer seeks to raise approximately 110.24 crore through a fresh issue of 1.06 crore equity shares. The price band for the issue is set between 95 and 104 per share. Investors can participate with a minimum lot size of 144 shares, requiring a retail investment of 14,976 at the upper price limit. The subscription window remains open until Wednesday, February 25, 2026. Current market sentiment shows a modest start for the IPO. While earlier grey market premiums suggested moderate gains, the latest data indicates the Grey Market Premium (GMP) is hovering around 5 per share, representing a 4.81% upside. This places the estimated listing price at approximately 109 per share. The company plans to strategically deploy the net proceeds to enhance operational efficiency. Approximately 39 crore is earmarked for setting up captive solar and wind power plants (6.1 MW and 4.2 MW respectively) in Gujarat. Additionally, 14.89 crore will be used for debt repayment, while 44 crore is allocated for working capital. Financial performance has shown steady growth leading up to the listing. Revenue from operations increased from 213.10 crore in FY23 to 255.04 crore in FY25. More notably, net profit surged from 2.05 crore to 8.00 crore in the same period, reflecting a compound annual growth rate (CAGR) of 97.46%. Efficiency metrics have also improved, with EBITDA margins expanding to 12.90% for the six months ending September 2025. This improvement is largely attributed to a shift toward higher-margin products, such as organic and Eli Twist yarns, which now account for a significant portion of the revenue mix. Despite the growth, the company faces high customer concentration, with the top 10 clients contributing nearly 80% of total revenue. Welspun Living alone accounted for over 28% of sales in the first half of FY26. The broader Indian cotton yarn market is projected to grow from 10.92 billion USD in 2025 to over 22 billion USD by 2035. This long-term outlook is supported by "China plus one" sourcing strategies and a rising global demand for sustainable and organic textiles. Share allotment is expected to be finalized on February 26, 2026, with the official listing scheduled for Monday, March 2, 2026, on both the BSE and NSE.