Sanathan Textiles Ltd
Price Range
₹305 - ₹321
-
Min. Quantity
46
Closes on
23 December 2024
-
Min. investment
₹14,766/598 Shares
Sanathan Textiles Ltd IPO Timeline
Sanathan Textiles Limited was incorporated as a Private Company under the name Sanathan Textiles Private Limited' on October 10, 2005, issued by the Registrar of Companies, at Kolkata. Subsequently, Company converted into a Public Company and its name was changed to Sanathan Textiles Limited', by the RoC vide fresh certificate of incorporation on November 18, 2021 at Ahmedabad.
| Event | Date |
|---|---|
| Sanathan Textiles Ltd IPO Opening Date | 19 December 2024 |
| Sanathan Textiles Ltd IPO Closing Date | 23 December 2024 |
| Basis of Allotment | 24 December 2024 |
| Initiation of Refunds | 26 December 2024 |
| Credit of Shares to Demat | 26 December 2024 |
| Sanathan Textiles Ltd IPO Listing Date | 27 December 2024 |
Sanathan Textiles Ltd IPO Details
| Sanathan Textiles Ltd IPO Date | 19 December 2024 to 23 December 2024 |
| Sanathan Textiles Ltd IPO Face Value | ₹10 per share |
| Sanathan Textiles Ltd IPO Price | ₹305 to ₹321 per share |
| Sanathan Textiles Ltd IPO Lot Size | 46 |
| Issue Size | Shares of ₹10 (aggregating up to ₹550 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹400 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹150 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 36,06,556 of the Net Offer |
| Retail Shares Offered | Not less than 63,11,476 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 27,04,918 of the Net Offer |
| Company Promoters | Paresh Vrajlal Dattani, Ajay Vallabhdas Dattani, Anilkumar Vrajdas Dattani |
Sanathan Textiles Ltd IPO Lot Size
The Sanathan Textiles Ltd IPO lot size is 46 shares. A retail-individual investor can apply for up to 13 lots (598 shares or ₹1,91,958).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 46 | ₹14,766 |
| Maximum | 13 | 598 | ₹1,91,958 |
- Strengths
- Risks
- Opportunities
- We are one of the few companies (amongst our peer group) in India with presence across the polyester, cotton and technical textile (which find application in multiple end-use segments including automotive, healthcare, construction, sports and outdoor, and protective clothing) sectors.
- Focus on the product development of new products, through process innovation.
- Fully integrated yarn manufacturing plant set up at a strategic location with equipment supplied by domestic and globally renowned players.
- Long standing association with leading consumer brands with a low customer concentration.
- Deep knowledge and understanding of optimal product assortment and strong supplier network enabling procurement at predicable and competitive pricing, leading to an overall efficient cycle.
- Healthy financial performance.
- Experienced management team with a proven track record.
Company Financials
Sanathan Textiles Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 2,025.8 | 2,986.11 | 141.32 |
| 03-2023 | 1,905.62 | 3,346.82 | 156.20 |
| 03-2022 | 1,795.1 | 3,201.49 | 355.53 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Repayment or pre-payment in full or in part of certain of its outstanding borrowings availed by the company
- Investment in its subsidiary viz Sanathan Polycot Pvt Ltd for funding of its long-term working capital requirements
- General corporate purposes
Sanathan Textiles Ltd IPO Promoter Holding
| Pre Issue Share Holding | 9.75% |
| Post Issue Share Holding | 7.17% |
Sanathan Textiles Ltd IPO Subscription Status (Bidding Detail)
The Sanathan Textiles Ltd IPO is subscribed 35.12 times on 23 December 2024 05:00:00 PM. The public issue subscribed 8.9331 times in the retail category, 75.6192 times in the QIB category, and 42.2079 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 75.6192 | 42.2079 | 8.9331 | - | 35.12 |
Sanathan Textiles Ltd IPO Prospectus
Sanathan Textiles Ltd IPO Listing Date
| BSE Script | 544314 |
| NSE Symbol | SANATHAN |
| Listing In | BSE, NSE |
| ISIN | INE0JPD01013 |
| IPO Price | ₹321 |
| Face Value | ₹10 |
Company Contact Information
SRV No 187/4/1/2Near Surangi Silvassa,Dadra & Nagar Haveli-396230
Phone: +91 22 6634 3312/3/4/5/6
Email: investors@sanathan.com
Website: https://www.sanathan.com
Sanathan Textiles Ltd IPO Registrar
Sanathan Textiles Ltd IPO Lead Manager(s)
- DAM Capital Advisors Ltd
- ICICI Securities Ltd
FAQ
What is the issue size of Sanathan Textiles Ltd IPO?
I have pre-applied for Sanathan Textiles Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.