Sanathan Textiles Limited IPO is opening for subscription from 19 December 2024 and will run until 23 December 2024. This book-built mainboard IPO is raising ₹550 crore from a combination of a fresh equity issue and an Offer for sale (OFS). The company will be issuing 1.25 crore fresh equity shares which sum up to ₹ 400 crore while the remaining ₹ 150 crore will be raised via OFS of 47 lakh shares.
The allotment date for Sanathan Textiles Ltd. IPO has to be finalized on Tuesday, 24 December 2024 and the Sanathan Textiles shares will be probably listed on NSE and BSE on Friday, 27 December 2024 as per the current schedule.
The price band of the Sanathan Textiles IPO has been set between ₹305 and ₹321 per share. The minimum ipo lot size is 46 shares for retail investors amounting to a minimum investment of ₹14766. On the other hand, for sNII, the minimum number of lots they have to subscribe to is 14 or 644 shares, which amounts to ₹206724, and for bNII, the minimum number of lots is 68 or 3128 shares amounting to ₹1004088.
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Sanathan Textiles NSE BSE IPO Details
| Detail | Information |
| IPO Opening Date | December 19, 2024 |
| IPO Closing Date | December 23, 2024 |
| Tentative IPO Listing Date | December 27, 2024 |
| Face Value | ₹10 per share |
| Price Range | ₹305 to ₹321 per share |
| Lot Size | 46 shares |
| Total Issue Size | 17133958 shares (₹550 Cr) |
| Fresh Issue | 12461060 Shares (₹400 Cr.) |
| OFS | 4672898 shares (₹150 Cr) |
| IPO Segment | Book Built Issue |
| Listing At | NSE & BSE |
| Share Holding Pre-Issue | 71943000 shares |
| NII (HNI) Shares Offered | 84404060 shares |
Sanathan Textiles Limited | Company Overview
Sanathan Textiles Limited embarked on its journey in 2005 as a polyester yarn manufacturer and a worldwide supplier of cotton yarns. Apart from these two products, Sanathan Textiles also deals in yarns for technical textiles and industrial use, which are used in the healthcare industry, automotive, sports, construction, outdoor activities, and protective clothing.
According to data obtained until 30 September 2024, the firm has over 3200 active verities of yarn products, which are manufactured between 1 April 2021 and 30 September 2024. Then there are more than 45000 stock-keeping units (SKUs) too. Sanathan Textiles has the license for producing 14000 varieties of yarns products, and over 190000 SKUs with different end uses.
The firm has exported its products to 29 different countries in FY23, to 27 countries in FY24, and up to June 2024, to 14 countries.
The manufacturing of the firm is located in Silvassa. As of 30 June 2024, the firm had over 925 distributors in seven countries which include –
- India
- Singapore
- Germany
- Canada
- Greece
- Argentina
- Israel
The clientele of Sanathan Textiles includes some prominent names such as –
- Welspun India Limited
- G.M. Fabrics Private Limited
- Valson Industries Limited
- Premco Global Limited
- Banswara Syntex Limited
- Techno Sportswear Private Limited
- Khosla Profil Private Limited and more.
Sanathan Textiles Limited IPO | Key Details
- Sanathan Textiles IPO Opening Date: December 19, 2024,
- Sanathan Textiles IPO Closing Date: December 23, 2024,
- Allotment Date: December 24, 2024
- Price Band: ₹305 to ₹ 321 per share
- Lot Size: 46 shares
- Refunds Initiated: December 26, 2024
- Shares Credited to Demat: December 26, 2024
- Listing Date: December 27, 2024
Sanathan Textiles Ltd: Financial Overview
Sanathan Textiles Limited witnessed a drop in its profit (PAT) in FY24 by 12.37%, and its revenue fell by 10.92% during the same fiscal. However, its assets increased by 15.58% during FY24.
Here are the details of the financials of the firm
Amounts in ₹ Crore
| Financial Information | FY24 | FY23 | Absolute Change | Change (%) |
| Assets | 2,203.68 | 1,906.67 | 297.01 | 15.58 |
| Revenue | 2,979.80 | 3,345.02 | -365.22 | -10.92 |
| Profit After Tax | 133.85 | 152.74 | -18.89 | -12.37 |
| Net Worth | 1,273.98 | 1,140.13 | 133.85 | 11.74 |
| Total Borrowing | 379.88 | 281 | 98.88 | 35.19 |
FAQs | Sanathan Textiles Ltd IPO
Sanathan Textiles Ltd is engaged in the manufacturing of polyester yarns, cotton yarns, and yarns for industrial use. It can produce up to 14000 different yarn products.
The tentative IPO listing date of Sanathan Textiles has been fixed as Friday, December 27, 2024.
The bidding date for the Sanathan Textiles IPO is December 19, 2024, and it will continue until December 23, 2024.
The minimum IPO lot size for Sanathan Textiles is 46 shares. For sNII, the minimum number of lots to be purchased is 14, while for bNII it is 68 lots.
The IPO allotment is expected to be finalized on Tuesday, December 24, 2024.
The IPO face value is set at ₹10 per share.
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