Sanathan Textiles IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Thu, 19 Dec 2024
Close Date
Mon, 23 Dec 2024
Price Band
₹ 305 – 321
Lot Size
46
Issue Size
₹ 550.00 Cr
Minimum Investment
₹ 14,766 (46 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Sanathan Textiles IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹550.00 Crore, comprising a fresh issue of 1.25 Crore equity shares aggregating to ₹400.00 Crore and an offer for sale (OFS) of 46.73 Lakh equity shares aggregating to ₹150.00 Crore by the existing shareholders.
The Sanathan Textiles IPO remained open for subscription from December 19, 2024, to December 23, 2024. The basis of allotment was finalized on December 24, 2024, and the company's shares were listed on the NSE and BSE on December 27, 2024.
The company had fixed the price band at ₹305 to ₹321 per share, with a lot size of 46 shares. Retail investors were required to make a minimum investment of ₹14,766 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), and ICICI Securities Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Sanathan Textiles Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Sanathan Textiles IPO Timeline (Tentative)
- IPO Open Date
- Thu, 19 Dec 24
- IPO Close Date
- Mon, 23 Dec 24
- Basis of Allotment
- Tue, 24 Dec 24
- Initiation of Refunds
- Thu, 26 Dec 24
- Credit of Shares to Demat
- Thu, 26 Dec 24
- Listing Date
- Fri, 27 Dec 24 — NSE & BSE
Open Date
19 December 2024
Close Date
23 December 2024
Basis Of Allotment
24 December 2024
Listing Date
27 December 2024
IPO Subscription
Check Live Subscription →The Sanathan Textiles IPO has received bids for 44,32,74,446 shares against 1,26,22,950 shares offered, resulting in an overall subscription of 35.12x. the NII category is subscribed 42.21x, Retail Investors 8.93x, and QIBs 75.62x. Within the NII category, BNII is subscribed 46.05x, while SNII is subscribed 34.52x.
QIB
75.62x
NII
42.21x
BNII
46.05x
SNII
34.52x
RII
8.93x
Total
35.12x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 59,96,885 shares, representing 35% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 34,26,791 shares (20%), while Non-Institutional Investors (NIIs) receive 25,70,093 shares (15%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 5,140,186 | 30% |
| Qualified Institutions | 3,426,791 | 20% |
| Non-Institutional | 2,570,093 | 15% |
| BNII | 1,713,396 | 10% |
| SNII | 856,698 | 5% |
| Retail Investors | 5,996,885 | 35% |
| Total | 17,133,956 | 100% |
Financials Details(₹ in Crores)
| Particular | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 2529.53 | 2203.68 | 1906.67 | 1796.47 |
| Revenue | 787.76 | 2979.8 | 3345.02 | 3201.46 |
| Profit After Tax | 50.07 | 133.85 | 152.74 | 355.44 |
| Net Worth | 1324.06 | 1273.98 | 1140.13 | 987.39 |
| Reserve & Surplus | 0 | 0 | 0 | 0 |
| Total Borrowings | 644.93 | 379.88 | 281 | 378.19 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Sanathan Textiles Limited KPI Information
| Particular | KPI As on 31 Mar 2024 |
|---|---|
| ROE % | 11.09 |
| ROCE % | 11.8 |
| RoNW % | 10.42 |
Peers Comparison
No Peer Comparision Available
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.
Sanathan Textiles Limited Address / Contact Details
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
Sanathan Textiles IPO Lot Size
The Sanathan Textiles IPO has a lot size of 46 shares. Retail investors require a minimum investment of ₹14,766 by applying for 1 lot (46 shares). The maximum application allowed for the retail category is 13 lots (598 shares), requiring an investment of ₹1,91,958.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 46 | 14,766.00 |
| Retail (Max) | 13 | 598 | 191,958.00 |
| S-HNI (Min) | 14 | 644 | 206,724.00 |
| S-HNI (Max) | 67 | 3,082 | 989,322.00 |
| B-HNI (Min) | 68 | 3,128 | 1,004,088.00 |
Issue Reservation
- Anchor Investors — 30%
- QIB — 20%
- NII — 15%
- RII — 35%
Book Running Lead Managers
- Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
- ICICI Securities Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Sanathan Textiles 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.
When will the Sanathan Textiles IPO open for subscription?
The Sanathan Textiles IPO opens on Thu, Dec 19, 2024 and closes on Mon, Dec 23, 2024
What is Sanathan Textiles IPO Price Band?
Sanathan Textiles IPO Price Band is ₹305 to 321 per share.
What is Sanathan Textiles IPO Lot Size?
Sanathan Textiles IPO lot size is 46 shares, Retail investors need a minimum investment of ₹14766 based on the upper price band
What is the minimum investment for Sanathan Textiles IPO?
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.
How to apply for Sanathan Textiles IPO?
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.
What is Sanathan Textiles IPO Issue Size?
Sanathan Textiles IPO issue size is ₹550 crores.
What is the Sanathan Textiles IPO Allotment Date?
Sanathan Textiles IPO allotment date is Tue, Dec 24, 2024.
Who is the Sanathan Textiles IPO Registrar?
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.
What is the Sanathan Textiles IPO GMP?
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 27.10% over the issue price.
Who is the Sanathan Textiles IPO Lead Manager?
The book-running lead managers (BRLMs) for the Sanathan Textiles IPO are Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), and ICICI Securities Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Sanathan Textiles IPO Red Herring Prospectus (RHP).