Shree Ram Twistex officially launched its **110.24 crore** Initial Public Offering today, February 23, 2026. The issue consists entirely of a fresh issuance of **1.06 crore** equity shares, with no offer-for-sale component. Small investors have taken the lead in early bidding. The retail portion saw a subscription of **82%** within the first few hours of the window opening. Overall, the total subscription stands at **9%** as institutional and non-institutional buyers typically pace their entries toward the final days. The price band for the issue is fixed between **95** and **104** per share. Investors are required to bid for a minimum lot of **144 shares**, which translates to an entry-level investment of **14,976** at the upper price cap. The grey market currently signals a premium of **5** per share. This indicates a potential listing price of **109**, reflecting a modest gain of approximately **4.81%** to **6%** over the issue price. The company intends to deploy the capital raised for strategic infrastructure and financial stability. Key allocations include **39 crore** for a 4.2 MW wind power plant and **7.85 crore** for a 6.1 MW solar power plant to reduce operational energy costs. Additionally, **44 crore** is earmarked for working capital and **14.89 crore** for debt repayment. Shree Ram Twistex operates a B2B model in the textile sector, manufacturing compact ring-spun and value-added yarns like Eli Twist and Lycra-blends. The company reported a total income of **256 crore** in FY25, with a net profit of **8 crore**, representing steady year-on-year growth. The subscription window remains open until February 25. Share allotment is expected to be finalized on February 26, followed by the initiation of refunds and credit to demat accounts by February 27. The stock is scheduled to debut on both the BSE and NSE on March 2, 2026. While the company shows strong earnings momentum, market analysts have noted that the current valuation of **29x–30x P/E** aligns closely with its growth potential, suggesting a fully priced entry for new investors.