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Sanathan Textiles IPO

  • Status: Closed
  • RHP:
  • ₹ 14,030 / 46 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    27 Dec 2024

  • Listing Price

    ₹419.10

  • Listing Change

    30.56%

  • Last Traded Price

    ₹388.35

IPO Details

  • Open Date

    19 Dec 2024

  • Close Date

    23 Dec 2024

  • IPO Price Range

    ₹ 305 - ₹ 321

  • IPO Size

    ₹ 550.00 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    27 Dec 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Sanathan Textiles IPO Subscription Status

Last Updated: 23 December 2024 6:05 PM by 5Paisa

Sanathan Textiles IPO is set to open on 19 December 2024 and will close on 23 December 2024. Sanathan Textiles specializes in polyester and cotton yarn, offering diverse products for sectors like automotive, healthcare, and sports.

The IPO is a combination of an offer for sale of 0.47 Cr shares aggregating to ₹150.00 Cr and a fresh issue of 1.25 Cr shares aggregating to ₹400.00 Cr. The price range is set at ₹305 to ₹321 per share and the lot size is 46 shares. 

The allotment is scheduled to be finalised on 24 December 2024. It will go public on BSE NSE, with a tentative listing date of 27 December 2024.

Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), ICICI Securities Ltd are the book running lead managers, while Kfin Technologies Ltd is the registrar. 

Sanathan Textiles IPO Size

Types Size
Total IPO Size ₹550.00 Cr.
Offer For Sale ₹150.0o Cr. 
Fresh Issue ₹400.00 Cr

 

Sanathan Textiles IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 46 14,030
Retail (Max) 13 598 182,390
S-HNI (Min) 14 644 196,420
S-HNI (Max) 67 3,082 940,010
B-HNI (Min) 68 3,128 954,040

 

Sanathan Textiles IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB 79.59 34,26,791 27,27,24,754 8,754.465
NII (HNI) 44.39 25,70,093 11,40,81,794 3,662.026
Retail 9.31 59,96,885 5,58,18,424 1,791.771
Total** 36.9 1,19,93,770 44,26,24,972 14,208.262

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Sanathan Textiles IPO Anchor Allocation

Anchor Bid Date 18 December, 2024
Shares Offered 51,40,186
Anchor portion Size (In ₹ Cr.) 165.00
Anchor lock-in period end date for 50% shares (30 Days) 23 January, 2025
Anchor lock-in period end date for remaining shares (90 Days) 24 March, 2025

 

1. Repayment and/ or pre-payment, in full or part, of certain borrowings.
2. Investment in its subsidiary viz. Sanathan Polycot Private Limited, for repayment and/ or pre-payment of certain borrowings.
3. General corporate purposes.
 

Sanathan Textiles Limited specializes in polyester and cotton yarn, offering diverse products for sectors like automotive, healthcare, and sports. With 3,200+ yarn varieties and 45,000+ SKUs as of September 2024, it serves 14 countries via 925+ distributors. Its Silvassa plant caters to global clients, including Welspun and AYM Syntex.

Established in: 2005
Chairman & MD: Mr. Paresh V. Dattani

Peers

K.P.R. Mill Ltd.
Vardhman Textiles Ltd.
Indo Count Industries Ltd. 
Filatex India Ltd.
Garware Technical Fibres Ltd.
 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 2,979.80 3,345.02 3,201.46
EBITDA 226.58 259.53 537.61
PAT 133.85 152.74 355.44
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 2,203.68 1,906.67 1,796.47
Share Capital 71.94 71.94 71.94
Total Borrowings 379.88 281.00 378.19
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities 191.74 362.31 294.56
Net Cash Generated From / (used in) investing activities -245.29 -235.06 -114.19
Net Cash Generated From / (used in) financing activities 74.47 -126.17 -198.99
Net Increase (Decrease) In Cash And Cash Equivalents 20.91 1.09 -18.61

Strengths

1. Diverse product portfolio with over 14,000 yarn varieties and 190,000 SKUs.
2. Global presence, exporting to 14+ countries with 925+ distributors.
3. Expertise in technical textiles catering to automotive, healthcare, and sports sectors.
4. Strong client base, including multinational companies like Welspun and AYM Syntex.
5. State-of-the-art manufacturing unit in Silvassa ensures efficient production and quality control.
 

Risks

1. Heavy reliance on global markets exposes the company to geopolitical risks.
2. Fluctuations in raw material prices impact production costs and margins.
3. Competition from established global and regional textile manufacturers.
4. Dependence on specific key clients for a significant portion of revenue.
5. High working capital requirements can strain financial resources during downturns.
 

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FAQs

Sanathan Textiles IPO opens from 19 December to 23 December 2024.

The size of Sanathan Textiles IPO is ₹550.00 Cr.

The price of Sanathan Textiles IPO is fixed at ₹305 to ₹321 per share. 

To apply for Sanathan Textiles IPO, follow the steps given below:

● Login to your 5paisa account and select the issue in the current IPO section    
● Enter the number of lots and the price at which you wish to apply for the Sanathan Textiles  IPO.    
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Sanathan Textiles IPO is 46 shares and the investment required is ₹14,030.
 

The share allotment date of Sanathan Textiles IPO is 24 December 2024

The Sanathan Textiles IPO will be listed on 27 December 2024.

Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), and ICICI Securities Ltd are the book running lead managers for Sanathan Textiles IPO.
 

Sanathan Textiles plans to utilise the raised capital from the IPO for:
1. Repayment and/ or pre-payment, in full or part, of certain borrowings.
2. Investment in its subsidiary viz. Sanathan Polycot Private Limited, for repayment and/ or pre-payment of certain borrowings.
3. General corporate purposes.