Shree Ram Twistex has received Securities and Exchange Board of India’s (SEBI) approval to raise funds through initial public offering (IPO). The company’s IPO consists of an entirely fresh issue of 1.06 crore equity shares.
Funds would be used for setting up a 6.1 MW solar power plant, a 4.2 MW wind power plant for captive use, debt payment and working capital requirements. Interactive Financial Services is the book-running lead manager to the issue.
Shree Ram Twistex is a leading manufacturer in the textile industry, specializing in high-quality cotton yarn production.
