New Listing Plunges 35% on Debut Despite 44x IPO Over-subscription

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Shree Ram Twistex Debuts Weak: Shares Plunge 35% Despite 44x IPO Subscription

Shree Ram Twistex Debuts Weak: Shares Plunge 35% Despite 44x IPO Subscription

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CNBC TV18•02-03-2026, 09:58

Shree Ram Twistex Debuts Weak: Shares Plunge 35% Despite 44x IPO Subscription

•Shree Ram Twistex shares made a weak debut, listing at a sharp discount to their IPO price.
•The stock opened at ₹68 on NSE, a 34.62% discount from its ₹104 IPO price.
•Despite the weak debut, the IPO was subscribed 43.66 times, showing strong investor interest.
•Retail portion subscribed 76.63 times, NIIs 220.3 times, and QIBs 3.94 times.
•IPO proceeds will fund solar and wind power plants, loan repayment, working capital, and general corporate purposes.

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