UPI Mandate for Bids placed between 5 PM and before 10 AM will be received after 10 AM.
Offer Date | Dec 19 - Dec 23, 2024 |
Offer Price | ₹ 305-321 |
Lot Size | 46 |
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Sanathan Textiles Limited IPO
Mainboard LiveOffer Date: Dec 19, 2024 - Dec 23, 2024
Exp. Premium: 37-42 (11.53%)
₹ 14766 /46 Shares
Apply*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.
Sanathan Textiles IPO Live Subscription Details
Date
:20 Dec 2024,05:00:00 PM
QIBs
:0.09
NII
:NII (bids above ₹10L): 0.85x
NII (bids below ₹10L): 2.88x
NII Total: 1.53
NII (bids below ₹10L): 2.88x
NII Total: 1.53
Retail
:2.15x
Total
:1.43 times
Sanathan Textiles IPO Details
19 Dec, 2024
Open Date23 Dec, 2024
Close Date24 Dec, 2024
Allotment Date27 Dec, 2024
Listing DateIssue 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 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
1.43 timesSanathan 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 |
Total No. of Applications: 2,82,308 (Approx)
Sanathan Textiles Valuations
EPS Pre IPO
₹18.60/-EPS Post IPO
₹23.73/-P/E Pre IPO
17.25P/E Post IPO
13.53RoNW
10.42%Sanathan Textiles Company Financials All values are in ₹ Cr.
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 2,203.68 | 1,906.67 | 1,796.47 |
| Revenue | 2,979.8 | 3,345.02 | 3,201.46 |
| Profit After Tax | 133.85 | 152.74 | 355.44 |
About The 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 - Strength and Weakness
Strength
Sanathan Textiles excels with polyester, cotton, and technical yarns.
Strategic location in Gujarat boosts logistical efficiency and production.
The new Punjab facility will triple the polyester yarn capacity by 2027.
Weakness
Lack of long-term agreements may lead to revenue unpredictability for Sanathan Textiles.
Operational disruptions at production facilities could significantly affect business outcomes.
Uncertain demand forecasting could impact production and financial stability adversely.
Sanathan Textiles - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Net Worth | |
|---|---|---|---|---|
| Sanathan Textiles | 1.74 | 20.2 | 19.5% | 2,980 |
| K P R Mill | 8.31 | 48.2 | 19.5% | 6,028 |
| Vardhman Textiles | 1.67 | 19.7 | 7.09% | 9,600 |
| Indo Count | 3.49 | 24.8 | 17.5% | 3,784 |
| Filatex India | 2.37 | 25.3 | 9.60% | 4,212 |
Sanathan Textiles - Promoter(s)
Pre Issue Share Holding: 100%
Post Issue Share Holding: N/A%
Company Promoter(s)
- 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
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 IPO - Anchor Investors
Sanathan Textiles mobilises Rs 165 crore via anchor book.
Pinebridge Global Funds, SBI General Insurance, Societe Generale, Edelweiss Trusteeship, Whiteoak Capital, and Ashoka India Equity Investment Trust amongst the leading institutional investors participated in the anchor book.
Domestic fund houses like SBI Mutual Fund, Nippon Life India, HDFC Mutual Fund, Kotak Mahindra AMC, Motilal Oswal Mutual Fund, Bandhan Mutual Fund, and LIC Mutual Fund also invested in the company
Pinebridge Global Funds, SBI General Insurance, Societe Generale, Edelweiss Trusteeship, Whiteoak Capital, and Ashoka India Equity Investment Trust amongst the leading institutional investors participated in the anchor book.
Domestic fund houses like SBI Mutual Fund, Nippon Life India, HDFC Mutual Fund, Kotak Mahindra AMC, Motilal Oswal Mutual Fund, Bandhan Mutual Fund, and LIC Mutual Fund also invested in the company
Other Details
Company Contact Details
Sanathan Textiles
SRV NO. 187/4/1/2, Near Surangi Bridge, Surangi, Dadra & Nagar Haveli, Silvassa 396230Registrar Contact Details
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: stl.ipo@kfintech.com
Sanathan Textiles IPO - FAQs
Ans. Sanathan Textiles Limited IPO is a Mainboard IPO. The issue is priced at ₹305-321 per equity share. The minimum order quantity is 46 Shares. The IPO opens on Dec 19, 2024, and closes on Dec 23, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Sanathan Textiles Limited IPO opens on Dec 19, 2024 and closes on Dec 23, 2024.
Ans. The size of Sanathan Textiles Limited IPO is 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).
Ans. The IPO price band is set between ₹305-321 per equity share.
Ans. To apply for Sanathan Textiles Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Sanathan Textiles Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Sanathan Textiles Limited IPO is Dec 24, 2024.
Ans. The Sanathan Textiles Limited IPO will be listed on Dec 27, 2024.
Ans. Follow the steps to check the allotment status for Sanathan Textiles Limited IPO here.
