Sanathan Textiles

Sanathan Textiles

Mainboard

₹14,766 / 46 Shares

Offer Date:Dec 19, 2024 - Dec 23, 2024

IPO Details

Sanathan Textiles IPO is priced between ₹305-321 per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the Mainboard, and Kfin Technologies Limited is managing the issue as the registrar.

The IPO bidding period opened on 19 Dec, 2024, and closed on 23 Dec, 2024. The allotment results will be announced on 24 Dec, 2024, with a tentative listing date set for 27 Dec, 2024.

The total issue comprises Total ₹550 Cr :#Fresh Issue : 1,24,61,060 shares, amounting to ₹400.00 Cr.

Sanathan Textiles IPO Highlights

IPO DateListing DateFace ValuePrice BandLot SizeFresh IssueOffer for SaleListing At
Dec 19, 2024 - Dec 23, 202427 Dec, 2024₹10 Per Equity Share₹305-321 per equity share46 Shares1,24,61,060 Shares 46,72,898 shares of ₹10BSE, NSE

Sanathan Textiles IPO Timeline

IPO Open Date
19 Dec, 2024
IPO Close Date
23 Dec, 2024
Basis of Allotment
24 Dec, 2024
Listing Date
27 Dec, 2024

Issue Price

₹305-321 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Kfin Technologies Limited

Market Lot

Retail: 46 Shares (₹14,766/-)
S-HNI: 644 Shares (₹2,06,724/-)
B-HNI: 3,128 Shares (₹10,04,088/-)

Lead Manager

Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)ICICI Securities Limited

Issue Size

Total ₹550 Cr :
#Fresh Issue : 1,24,61,060 shares(aggregating up to ₹400.00 Cr) +
#OFS : 46,72,898 shares of ₹10(aggregating up to ₹150.00 Cr)

Retail Portion

35% (Number of Retail Applications: 1,30,367 Approx),(Number of S-HNI Applications : 1,330 Approx),(Number of B-HNI Applications : 2,660 Approx)

Subscription

35.04 times

Sanathan Textiles IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31 Mar 242203.682979.8133.851273.98-379.88
31 Mar 231906.673345.02152.741140.13-281
31 Mar 221796.473201.46355.44987.39-378.19

All values are in ₹ Cr.

Sanathan Textiles IPO Valuations

EPS PRE IPO

₹18.60/-

EPS POST IPO

₹23.73/-

PE PRE IPO

17.25

PE POST IPO

13.53

ROE

11.09%

ROCE

11.80%

DEBT EQUITY

0.17

RONW

10.42%

PAT MARGIN

-

PRICE TO BOOK VALUE

1.81

About Company

Incorporated in the year 2005, Sanathan Textiles Limited is one of the major polyester yarn manufacturers in the world, a global cotton yarn supplier, and technical textiles and industrial yarn leader. It has three core verticals: polyester yarn products, cotton yarn products, and yarns for technical textiles. These cater to automotive, healthcare, construction, sports, and protective clothing. With a strong portfolio of more than 14,000 yarn varieties and 190,000 SKUs, the company had more than 3,200 active product varieties as of September 30, 2024.

Sanathan Textiles has an impeccable worldwide platform, with exports to 27 countries and a distribution base of 925 associates through network areas like India, Canada, Germany, Singapore, and so on. Sanathan Textiles has the facility at Silvassa having state-of-the-art production technology for hassle-free manufacturing for its varied customer clientele, including the leading organizations such as Welspun India Limited, AYM Syntex Limited, Banswara Syntex Limited.

This includes the commitment of the company towards innovation, product diversification, and sustainability-driven manufacturing which makes the company stand atop the market in yarn industries. By focusing strategically on expanding the manufacturing capacity of the products, new products being designed, and embracing digitization for sustainable practices, Sanathan Textiles has become one of the most valued polyester, cotton, and technical yarns in industry applications.

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Sanathan Textiles IPO Subscription Details

As onQIBNII
bNII  sNII
RetailTotal
Shares Offered / Reserved34,26,791
25,70,093

17,13,396    8,56,698
59,96,8851,19,93,770
Day 1 - 19-12-24 05:00 PM0.00 x
0.32

0.12 x   0.71 x
0.76 x0.45 x
Day 2 - 20-12-24 05:00 PM0.09 x
1.53

0.85 x   2.88 x
2.15 x1.43 x
Day 3 - 23-12-24 05:00 PM75.62 x
42.16

46.05 x   34.38 x
8.79 x35.04 x
Total No. of Applications:11,64,053 (Approx)
Retail Subscription:

Retail:8.33x

BHNI:9.26x

SHNI:35.6x times

Sanathan Textiles IPO - Issue Objectives

  1. Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company
  2. Investment in the company’s subsidiary, viz. Sanathan Polycot Private Limited for funding its long-term working capital requirements
  3. General corporate purposes
Company Contact Details

Sanathan Textiles

SRV NO. 187/4/1/2, Near Surangi Bridge, Surangi, Dadra & Nagar Haveli, Silvassa 396230

Phone: +91 22 6634 3312

Email: investors@sanathan.com

Website: https://www.sanathan.co/

Registrar Contact Details

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: stl.ipo@kfintech.com

Website: https://kosmic.kfintech.com/ipostatus/