Sanathan Textiles IPO - Day 3 Subscription at 3.22 Times

The final day of Sanathan Textiles' initial public offering has concluded with strong investor enthusiasm, reaching an overall subscription of 3.22 times by 11:39 AM on December 23, 2024. This robust conclusion demonstrates growing market confidence in the company's integrated yarn manufacturing capabilities and its potential in India's evolving textile sector.

Sanathan Textiles IPO subscription pattern shows particularly strong interest from Non-Institutional Investors at 4.78 times, with smaller NIIs showing remarkable conviction at 8.34 times. The retail segment has also demonstrated strong confidence with 3.90 times subscription, while Qualified Institutional Buyers have shown measured participation at 0.88 times. This balanced participation across categories, complemented by the strong anchor book of ₹165 crores, suggests broad-based confidence in the company's growth prospects.

Subscription Status of Sanathan Textiles IPO:

*As of 11:39 AM

Here are the subscription details for Sanathan Textiles IPO as of Day 3 (23rd December 2024, 11:39 AM):

Total Applications: 5,38,228

Sanathan Textiles IPO Key Highlights Day 3:

• Overall subscription reached a robust 3.22 times, demonstrating strong market confidence
• NII category showed exceptional interest with 4.78 times subscription, worth ₹394.751 crores, particularly notable with smaller NIIs reaching 8.34 times
• Retail investors maintained strong momentum at 3.90 times subscription, mobilizing ₹750.122 crores
• QIB portion improved to 0.88 times, adding institutional depth to the subscription base
• Total bids received for 3.86 crore shares worth ₹1,241.401 crores, indicating substantial investor interest
• Applications reached 5,38,228, showing broad market participation
• Final day response reflected growing confidence in textile sector prospects
• Subscription pattern suggested strong belief in company's integrated manufacturing capabilities

Sanathan Textiles IPO - Day 2 Subscription at 1.53 Times

Key Highlights Day 2:

• Overall subscription strengthened to 1.53 times, showing building momentum
• NII category demonstrated improved interest at 1.61 times, with strong sNII participation at 3.05 times
• Retail investors showed growing confidence with 2.32 times subscription
• QIB portion remained selective at 0.11 times
• Day two response indicated increasing market appreciation
• Strong improvement across retail and NII categories from day one
• Subscription trend suggested growing investor recognition
• Pattern showed methodical evaluation of growth prospects

Sanathan Textiles IPO - Day 1 Subscription at 0.48 Times

Key Highlights Day 1:

• Overall subscription began at 0.48 times, reflecting measured initial response
• Retail investors showed early interest with 0.82 times subscription
• NII category started with 0.33 times subscription, with stronger sNII participation at 0.76 times
• QIB portion awaited significant participation
• Opening day response indicated careful market assessment
• Strong anchor book provided institutional foundation
• Initial subscription trend suggested thorough evaluation process
• Day one established base for future growth

About Sanathan Textiles Limited:

Established in 2005, Sanathan Textiles Limited has evolved into a diversified yarn manufacturer with a unique position in India's textile sector. The company operates through three distinct yarn business verticals: polyester yarn products, cotton yarn products, and yarns for technical textiles and industrial uses. This comprehensive approach allows them to serve various sectors including automotive, healthcare, construction, and protective clothing.

The company's manufacturing capabilities are impressive, with over 3,200 active yarn varieties and more than 45,000 SKUs as of September 2024. Their potential to manufacture more than 14,000 varieties of yarn products and 190,000 SKUs demonstrates exceptional production flexibility. Operating from their manufacturing facility in Silvassa, the company maintains a strong global presence, exporting to 14 countries and working with over 925 distributors across 7 countries including India, Argentina, Singapore, Germany, Greece, Canada, and Israel.

Despite facing industry headwinds with an 11% revenue decrease between FY2023 and FY2024, the company's strategic positioning across multiple yarn segments and their focus on product development through process innovation positions them well for future growth opportunities in the textile sector.

Highlights of the Sanathan Textiles IPO:

• IPO type: Book Built Issue
• IPO size: ₹550.00 crores
• Fresh Issue: ₹400.00 crores
• Offer for Sale: ₹150.00 crores
• Face value: ₹10 per share
• Price band: ₹305 to ₹321 per share
• Lot size: 46 shares
• Minimum investment for retail investors: ₹14,766
• Minimum investment for sNII: ₹2,06,724 (14 lots)
• Minimum investment for bNII: ₹10,04,088 (68 lots)
• Listing at: BSE, NSE
• IPO opens: December 19, 2024
• IPO closes: December 23, 2024
• Allotment date: December 24, 2024
• Refund initiation: December 26, 2024
• Credit of shares: December 26, 2024
• Listing date: December 27, 2024
• Lead Managers: Dam Capital Advisors Ltd, ICICI Securities Limited
• Registrar: Kfin Technologies Limited

The initial day's subscription pattern suggests a thoughtful market approach to evaluating Sanathan Textiles' diversified product portfolio, manufacturing capabilities, and potential to benefit from India's growing focus on the textile sector, particularly in light of the PLI scheme.