
Sanathan Textiles
Mainboard₹14,766 / 46 Shares
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 Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
---|---|---|---|---|---|---|---|
Dec 19, 2024 - Dec 23, 2024 | 27 Dec, 2024 | ₹10 Per Equity Share | ₹305-321 per equity share | 46 Shares | 1,24,61,060 Shares | 46,72,898 shares of ₹10 | BSE, NSE |
Sanathan Textiles IPO Timeline
Issue Price
₹305-321 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedMarket 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 LimitedIssue 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 timesSanathan Textiles IPO Financial Information
Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
---|---|---|---|---|---|---|
31 Mar 24 | 2203.68 | 2979.8 | 133.85 | 1273.98 | - | 379.88 |
31 Mar 23 | 1906.67 | 3345.02 | 152.74 | 1140.13 | - | 281 |
31 Mar 22 | 1796.47 | 3201.46 | 355.44 | 987.39 | - | 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.
Sanathan Textiles IPO Subscription Details
As on | QIB | NII bNII sNII | Retail | Total |
---|---|---|---|---|
Shares Offered / Reserved | 34,26,791 | 25,70,093 17,13,396 8,56,698 | 59,96,885 | 1,19,93,770 |
Day 1 - 19-12-24 05:00 PM | 0.00 x | 0.32 0.12 x 0.71 x | 0.76 x | 0.45 x |
Day 2 - 20-12-24 05:00 PM | 0.09 x | 1.53 0.85 x 2.88 x | 2.15 x | 1.43 x |
Day 3 - 23-12-24 05:00 PM | 75.62 x | 42.16 46.05 x 34.38 x | 8.79 x | 35.04 x |
Retail:8.33x
BHNI:9.26x
SHNI:35.6x times
Sanathan Textiles IPO - Issue Objectives
- Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company
- Investment in the company’s subsidiary, viz. Sanathan Polycot Private Limited for funding its long-term working capital requirements
- General corporate purposes
Sanathan Textiles
SRV NO. 187/4/1/2, Near Surangi Bridge, Surangi, Dadra & Nagar Haveli, Silvassa 396230Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: stl.ipo@kfintech.com