Sanathan Textiles IPO Details
The Sanathan Textiles IPO is a book build issue with a total issue size of ₹550 cr, comprising of fresh issue of 12461060 equity shares., and a offer for sale of 4672898 equity shares. Sanathan Textiles IPO opened for subscription on Dec 19, 2024 and closed on Dec 23, 2024. Sanathan Textiles IPO is set price band at ₹305 to ₹321 per share, with a lot size of 46 shares. Minimum investment for Retail investors was ₹14,766.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Dec 24, 2024, and listed on both the NSE and BSE on Dec 27, 2024.
Kfin Technologies Limited has been appointed as the registrar. Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) and ICICI Securities Limited are the Book Running Lead Manager for the issue.
Before investing in the Sanathan Textiles IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 305 – 321
- Lot Size
- 46
- Issue Size
- ₹550 Cr
- Minimum Investment
- ₹14766 (46 Shares)
- Listing Date
- 27 December 2024
Current GMP
₹87 (+27.10%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Sanathan Textiles Limited
Sanathan Textiles Limited is a prominent player in India's textile industry, with a diversified presence across polyester, cotton, and technical textile sectors. As of Fiscal 2024, the company holds a 1.7% market share in the Indian textile yarn industry. Sanathan Textiles manufactures a wide range of yarn products, including value-added items like dope dyed, superfine, functional, and technical yarns, which are produced through extensive in-house research. These products are tailored to meet specific customer needs and have unique properties.
The company operates from its facility in Silvassa, which has an installed capacity of 223,750 MTPA as of June 2024. Polyester yarn products are the company's largest production category, with a process that includes the conversion of polyester chips into specialized yarns.
Sanathan Textiles is well-positioned to capitalize on the expected growth of the global yarn industry, driven by increasing demand from the fashion industry, e-commerce, and the expanding technical textiles segment. The Indian textile and apparel market is forecasted to grow at a CAGR of 6-7% between Fiscal 2024 and 2028, with domestic growth expected to slightly outpace exports.
The company has established strong relationships with leading consumer brands, including Welspun India, Valson Industries, and Page Industries, among others. It is led by experienced promoters with a combined industry experience of over 150 years. Paresh Vrajlal Dattani, the Promoter and Chairman & Managing Director, has played a key role in expanding the company’s product portfolio and stakeholder relationships.
Sanathan Textiles is also committed to environmental sustainability, having installed a 2.35 MW rooftop solar project at its Silvassa facility and sourcing 0.86% of its energy from renewable resources in Fiscal 2024.
Sanathan Textiles IPO Promoters
- Nimbus Trust
- D&G Family Trust
- A&J Family Trust
- P&B Family Trust
- Paresh Vrajlal Dattani
- Ajay Vallabhdas Dattani
- Anilkumar Vrajdas Dattani
- Dinesh Vrajdas Dattani
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
0.00%
Sanathan Textiles IPO Objective
The company proposes to utilise the Net Proceeds towards the following objects:
- Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company.
- Investment in our subsidiary viz. Sanathan Polycot Private Limited, for repayment and/ or pre-payment, in full or part, of certain borrowings availed by our subsidiary viz. Sanathan Polycot Private Limited.
- General corporate purposes.
Address / Contact Info
Sanathan Textiles Limited
SRV NO. 187/4/1/2, Near Surangi
Bridge, Surangi, Dadra & Nagar Haveli,
Silvassa - 396230, India
Phone: +91 22 6634 3312
Email: investors@sanathan.com
Website: https://www.sanathan.co
IPO Snapshot
Book Running Lead Managers
- Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
- ICICI Securities Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Sanathan Textiles IPO is a Book-building IPO with a total issue size of ₹550 crore. The Sanathan Textiles IPO price band is ₹305 to 321 per share. The Sanathan Textiles IPO subscription opens on Thu, Dec 19, 2024, and closes on Mon, Dec 23, 2024. The Sanathan Textiles IPO will be listed on the BSE,NSE. Kfin Technologies Limited is the registrar for the Sanathan Textiles IPO.
The Sanathan Textiles IPO opens on Thu, Dec 19, 2024 and closes on Mon, Dec 23, 2024
Sanathan Textiles IPO Price Band is ₹305 to 321 per share.
Sanathan Textiles IPO lot size is 46 shares, Retail investors need a minimum investment of ₹14766 based on the upper price band
The minimum investment for Sanathan Textiles IPO is ₹14766, based on one lot of 46 shares at the upper price band of ₹321 per share.
Investors can apply for the Sanathan Textiles IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Dec 23, 2024. The application amount remains blocked until the Sanathan Textiles IPO allotment is finalized.
Sanathan Textiles IPO issue size is ₹550 crores.
Sanathan Textiles IPO allotment date is Wed, Jul 1, 2026.
The registrar for Sanathan Textiles IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website to check Sanathan Textiles IPO allotment status, refund processing, and other IPO-related information.
The Sanathan Textiles IPO GMP (Grey Market Premium) is ₹87 as of Fri, Dec 27, 2024. Based on the upper price band of ₹321 per share, the estimated Sanathan Textiles IPO listing price is ₹408, indicating a potential listing gain of approximately 0% over the issue price.