Sanathan Textiles Limited IPO

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Other Textile Products

Listed On: Dec 27, 2024 at ₹ 422.3(NSE)

₹ 14766 /46 Shares

Check Allotment

Price Summary

Last Closing

358.60 (11.71%)

52 Week High

423.00

52 Week Low

312.00

Last Update

6-Feb-2025 3:30 PM

Sanathan Textiles IPO Details

19 Dec, 2024

Open Date

23 Dec, 2024

Close Date

24 Dec, 2024

Allotment Date

27 Dec, 2024

Listing Date

Issue Price

₹305-321 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Kfin Technologies Limited

List Price

422.3(NSE)

Listing Date

2024-12-27

Market 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

35.04 times

IPO Docs

DRHP RHP ANCHOR

The IPO of Sanathan Textiles is priced at ₹305-321 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on BSE, NSE. Kfin Technologies Limited is the registrar of the issue.

Sanathan Textiles IPO bid opening date is from Dec 19, 2024 and the bid closing date was Dec 23, 2024.
Sanathan Textiles IPO allotment result will be available on Dec 24, 2024. The tentative listing date for Sanathan Textiles is Dec 27, 2024.

The total issue size 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).

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

Total No. of Applications: 11,64,053 (Approx)

Retail Subscription on the basis of Applications: Retail:8.33x BHNI:9.26x SHNI:35.6x times

Sanathan Textiles Valuations

EPS Pre IPO

₹18.60/-

EPS Post IPO

₹23.73/-

P/E Pre IPO

17.25

P/E Post IPO

13.53

ROE

11.09%

ROCE

11.80%

Debt/Equity

0.17

RoNW

10.42%

Price to Book Value

1.81

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
Net Worth	1,273.98	1,140.13	987.39
Total Borrowing	379.88	281	378.19

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: 79.70%

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

Other Details

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/

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.