IPO fund use revised: Wind power plan scaled down, surplus redirected

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SRTL · price

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Price reactionminutes from the announcement price · days from the prior close

-6.5%Reaction day

₹39.74

prior close

₹37.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.6%-3.9% vs market

Other Textile Products peers, median of 188sector-2.0%-4.5% vs sector

On the reaction day the stock moved 3.9 pts less than Nifty Microcap 250 and 4.5 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

+0.0

15m

+1.3

30m

+0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-6.5-2.6-3.9-2.0-4.5

Next day

-8.9-3.6-5.2-2.6-6.3

-13.5-5.8-7.6-4.3-9.2

-12.2-5.5-6.8-4.5-7.7

-13.9pendingpending-3.5-10.5

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15d

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 188Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Shree Ram Twistex filed a Q2 FY26 deviation report for its Rs 11,024 lakh IPO (Feb 2026). The company revised its Wind Power project from 4.2 MW to 3.1 MW, cutting allocation to Rs 2,511 lakh from Rs 3,900 lakh. Surplus of Rs 1,389 lakh was redirected to Machinery for Expansion (Rs 525.74 lakh) and SBI loan repayment (Rs 863.26 lakh). Shareholders approved this on June 1, 2026. Crisil is the monitoring agency.

Likely market impact

Wind project delivered 6 months faster; surplus funds used to repay debt and buy machinery. Mildly positive for shareholders.