New Delhi, Feb. 24 -- The initial public offering (IPO) of cotton yarns manufacturer Shree Ram Twistex Ltd enters its second day of bidding process today, 24 February, Tuesday. The mainboard IPO received muted demand on the first day.

Shree Ram Twistex IPO opened for subscription on Monday, February 23, and will close on Wednesday, February 25. The IPO allotment date is likely February 26, and the IPO listing date is March 2. Shree Ram Twistex shares will be listed on both the stock exchanges, BSE and NSE.

The company aims to raise Rs.110.24 crore from the book-building issue, which is entirely a fresh issue of 1.06 crore equity shares. Shree Ram Twistex IPO price band is set at Rs.95 to Rs.104 per share. The IPO lot size is 144 shares ...