Sanathan Textiles

Sanathan Textiles

Mainboard

₹14,766 / 46 Shares

Offer Date:Dec 19, 2024 - Dec 23, 2024
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Sanathan Textiles IPO Details

The Sanathan Textiles IPO price band is set between ₹305-321 per equity share, with a face value of ₹10 per share. The issue is managed by Kfin Technologies Limited, and the equity shares are proposed to be listed on the Mainboard.

The IPO date for subscription opens on 19 Dec, 2024 and closes on 23 Dec, 2024. Investors can check the allotment status on 24 Dec, 2024, while the listing date is tentatively scheduled for 27 Dec, 2024.

The total issue size is Total ₹550 Cr :#Fresh Issue : 1,24,61,060 shares, aggregating up to ₹400.00 Cr. Stay tuned for the latest Sanathan Textiles IPO review and GMP updates.

Sanathan Textiles IPO Review, Rating & Analysis

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Sanathan Textiles IPO Rating

Sanathan Textiles IPO Highlights

IPO Date

Dec 19, 2024 - Dec 23, 2024

Listing Date

27 Dec, 2024

Face Value

₹10 Per Equity Share

Price Band

₹305-321 per equity share

Lot Size

46 Shares

Fresh Issue

1,24,61,060 Shares

Offer for Sale

46,72,898 shares of ₹10

Listing At

BSE, NSE

Sanathan Textiles IPO Lot Size

The minimum market lot for Sanathan Textiles IPO is 46 shares with an application amount of ₹14,766. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.

ApplicationLotsSharesAmount
Retail (Min)146₹14,766
Retail (Max)13598₹1,91,958
S-HNI (Min)14644₹2,06,724
S-HNI (Max)673082₹9,89,322
B-HNI (Min)683128₹10,04,088

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

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)

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

Promoters & Share Holding

Promoter(s) Name

  • Nimbus Trust, D&G Family Trust, A&J Family Trust, P&B Family Trust, Paresh Vrajlal Dattani, Ajay Vallabhdas Dattani, Anilkumar Vrajdas Dattani and Dinesh Vrajdas Dattani
Share Holding Pre IssueShare Holding Post Issue
100%79.70%

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 PM
0.00 x
0.32

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

0.85 x   2.88 x
2.15 x1.43 x
Day 3 -23-12-24 05:00 PM
75.62 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

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/

Frequently Asked Questions about Sanathan Textiles IPO

When will Sanathan Textiles IPO open for subscription?

The Sanathan Textiles IPO opens on 19 Dec, 2024 and closes on 23 Dec, 2024.

What is the investors portion for Sanathan Textiles IPO?

The investors' portion for QIB is 75.62 x, NII is 46.05 x, and Retail is 8.79 x.

How to apply for Sanathan Textiles IPO?

You can apply for Sanathan Textiles IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.

What is the issue size of Sanathan Textiles IPO?

The issue size of Sanathan Textiles IPO is approx ₹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) crores.

What is the price band of Sanathan Textiles IPO?

The price band for Sanathan Textiles IPO is ₹305 to ₹321 per equity share.

What is the lot size of Sanathan Textiles IPO?

The minimum bid (lot size) for Sanathan Textiles IPO is N/A shares with an investment of approx ₹14,766 .

What is the allotment date of Sanathan Textiles IPO?

The allotment date for Sanathan Textiles IPO is 24 Dec, 2024.

What is the listing date of Sanathan Textiles IPO?

The listing date for Sanathan Textiles IPO is expected to be 27 Dec, 2024.

What is the GMP of Sanathan Textiles IPO?

The latest Grey Market Premium (GMP) for Sanathan Textiles IPO is being updated regularly on IPOROCK.

PD

Parth D.

Founder & Lead Analyst

Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.

Sanathan Textiles IPO Date, Review, Price, Allotment Details, GMP | IPOROCK