New Delhi, Feb. 17 -- Rajkot-based Shree Ram Twistex is all set to launch its initial public offering (IPO) next week on February 23. The mainboard IPO will remain open till February 25.

Shree Ram Twistex IPO price band has been fixed at Rs.95- Rs.105 per share, with a face value of Rs.10. Investors can apply for the offer in lots of 144 shares.

The IPO consists of a fresh issue of 1.06 crore equity shares, with no offer-for-sale (OFS) component, according to the red herring prospectus (RHP) filed on February 12. Therefore, the company will retain the entire proceeds from the issue.

Part of the proceeds will be allocated towards repaying debt, meeting working capital needs, and supporting general corporate activities.

The firm is expe...