Shri Techtex Limited IPO Message Board (Page 1)

Hi ​@Admin @ Chittorgarh.com ,
I think there is a correction needed in SME performance page.
For Shri Techtex IPO, listing price is shown as 61 similar to ipo price which is not correct.

Dear CG friends to update on Shritectex.
Today 5% UC and from monday 20% circuit revised....
So can say counter was in incubator and now comming out of that on monday will start new journey of north with few haults..............bood bet for MED to Long....

respected members , i applied 3 applications in 3rd party category from my upi , amount of 2 is unblocked but 1 is still blocked , how to know which one is it and where to complain

Hello !
Pls tell me from where to check Bill deal data on daily basis. A link shared will be of gr8 help !

Any target for this stock

Today again Shri Techtex again in upper ckt @89.45.
Still 270000 strong buyers are in queue for purchase. Those who have sold may miss this journey. Cheers🍻🥂 Cheers.

@Nabil 
This is the trap from the operators who wants major chunk at lower price and innocent retailers give away their share by creating panic by the operators.

It's very important to know some elements who misguides the retailers.

Taparia family has bought almost 10 lakh shares today at 83-84.5 price range. Urmiladevi Taparia bought 224000@83.63, sanjeevkumar Taparia 350000@84.2, Karan Taparia 400000@84.36

Estimated price for tomorrow

Any specific target for this share for tomorrow

Qib bhi apna share sell kar diye par bulk deal me nahi aaya kyun.
What is criteria for bulk deal??

Which QIB sold its shares?

Very rare to see that almost all free float share traded within two days of listing.
IMO its is a big positive for upward journey.
Let's see..

Should I hold this share at cmp (83)

Should I hold this hare or not at cmp(83) pls suggest

📌📌In November 2021, Minister of Textiles, Commerce and Industry, Consumer Affairs & Food and Public Distribution, Mr. Piyush Goyal, stated the desire to target a 3-5x time increase in the export of technical textiles worth US$ 10 billion over the next three years.✅️

📌📍 Shri Techtex Limited manufactures Polypropylene (PP) Non-Woven Fabric, which is used for ecological applications, especially in fields and industries where disposable or single-use products are necessary, such as organic farming, hospitals, health care, nursing homes, home furnishing, vehicle upholstery seat fabrication, Mattress & furniture covering, ecological packaging, industrial and consumer goods.

📌Its manufacturing facility is situated in Ahmedabad District of Gujarat with a manufacturing capacity of 3600 MT PP non-woven fabric per annum. The manufacturing facility is spread across 41548 sq. meters.

📌It has derived revenue from exports to countries namely the USA, Taiwan, Canada, Denmark and China.✅️

📌In order to improve its product portfolio, STL is planning for business expansion by adding new business lines viz—manufacturing of Hot Melt Coating Lamination and PP Multifilament Yarn.✅️

📌Shri Techtex is planning an expansion by adding new products like PP Tufted Fabric, commonly known as Artificial Grass and PP Multifilament Yarns. The company will purchase new specialized machinery for manufacturing the new products, and is expecting to commence production by October 2023. The machinery will have an installed capacity to manufacture 1200 tons per annum for the PP Multifilament and 30 Lakhs Sq Meters per annum for PP Tufted Fabric (Artificial Grass).✅️

📌In FY23 it reported 58CR revenue and 9.1 CR PAT which is 16%.(its peer company garware technical fibers ltd has 12.6% pat margin and shubham polyspin has 1.8% pat margin).
current P/E: 23 💫 ,(Listed peer- Garware technical fibres at 38 P/E)

✅️Management is confident to achieve 80+CR revenue in FY24.

📌Future Growth:
1)The production-linked incentive (PLI) scheme for man-made fibre and technical textiles will help boost manufacturing increase exports and attract investments into the sector.✅️

2)The demand for Technical Textiles was pegged at USD 165 Bn in the year 2018 and is expected to grow up to USD 220 Bn by 2025.
The current Indian technical textiles market is estimated at USD 19 Bn, growing at a CAGR of 12% since past five years.✅️

📌It may cross 110+ level soon as strong investors have bought huge here.

disclosure: Not a buy recommendation. only for study and education purpose. please consult your financial advisor before investing.

@SJogi sir.....sir any news about globalpet results?...It is hovering around 67-68 for quite some time now...

@Jonsnow sir! pls tag the name properly so that i get the notification on mail. u have not tagged me properly. sorry for late reply.
HOS: promoter is in some foreign country for buying new machines for global pet ltd, he may publish the notification soon after he returns.

Intimation      ESSEN SPECIALITY FILMS LIMITED has informed the Exchange about Board Meeting to be held on 14-Aug-2023 to inter-alia consider and approve the Unaudited Financial results of the Company for the Quarterly ended Jun 2023.

@abc xyz thank you sir for your regular updates.

I will hold this two sme for next 3 months atleast essense and Sri tech.

Shri Techtex Limited share target for Monday pls reply

Most probaly 5%+ UC

I can be wrong too :)

Looking at the volumes traded on friday, highly probable that UC for a couple of more days atleast.

@DR. Bayer shah 

Essen Speciality is a exporter to IKEA, WAlmart, Kmart, Bed Bath, Rusta, Runsven, Kohl's , Kroger etc. The Company has been recognized as a 2 ⭐ S tr ar export house by Ministry of Commerce.

For March 2023 their NP was 13.37 cr. Company's EBITDA margin stands at approx. 16% which is very good. At present it's 140 at 22.2 valuation which is quiet low as compared to it's peers. If all goes well, it should easily cross 200 mark within 6-9 months. Keep strict stop loss @ 115 and hold it if you can. Do your research and enjoy with Essen . Hope this may help you.

@abc xyz  thank you Sir with due respect i will hold both Essence Speciality and Shri Techtex Limited as per stoploss.

your view matters to investors like us as we have proper way to follow and and help in getting more return's than other keep showing you love and guidance in same way in future.

will thanks other experts for their views it matter's a lot...................difference is felt...

thank you

One more thing for Essen is FII holding is 3.26% which is very encouraging fact and good for the investors. Recently in JEEna SikHo the FIIs have purchased considerable stake and which made the stock to 🚀 rocket high price.

Someone was doubting that this 💎 gem { Shri Techtex } will be available at Cadbury gems price, hope now their doubt may be clear. Their aim was to misguide the members by selling this gem at throwaway price. But happy to see that most senior & respected members have bought this gem in good quantity.

Holding this multibagger Company 4 short term & reap it's benefits🤗👏👏. ChEErs 🍻 Cheers.

@abc xyz Respect sir wanted your guidance for SME name essen speciality here most bulk deals aare done by promoting CMP thats SMC.

Is it worth holding long term or should I exit ....please help.....or this is setup for taking price high ....please guide....

@abc xyz 
I have also purchased 1 lot after reading positive points of Shri Techtex. Hope it will give good returns. This is my first purchase in SME. Thanku.

Approx 30% share traded of IPO....
Can say shifting from retail to strong hand.....wait for bulk deal data....

Thank you 🙏🏻👍

Any target for this stock

Market maker sold full shares..wah..see bulk deal

it is done to give shares in operator's hand.

@Priyanka Meghwal 
Its a normal thing.
Dont think it is bad.

Expected listing gain for Shri Tectex Limited IPO pls reply