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Sanathan Textiles Limited IPO (Sanathan Textiles Limited IPO) Details

Sanathan Textiles Limited

Sanathan Textiles Limited IPO's overview

Sanathan Textiles Limited IPO is a book built issue of ₹550.00 Cr (5,50,00,00,518). The issue is a combination of fresh issue of 1.25 Cr (1,24,61,060) shares aggregating to ₹400.00 Cr (4,00,00,00,260) and offer for sale of 46.73 Lakh (46,72,898) shares aggregating to ₹150.00 Cr (1,50,00,00,258).

Sanathan Textiles Limited IPO is open for subscription on Dec 19, 2024 and closes on Dec 23, 2024. The allotment for Sanathan Textiles Limited IPO is expected to be finalized on Dec 24, 2024. The shares will list on NSE, BSE with tentative listing date fixed as Dec 27, 2024.

Sanathan Textiles Limited IPO price band is set at ₹305 to ₹321 per share. The minimum lot size for an application is 46 Shares. The minimum amount of investment required by retail investors is ₹14,030.

Refer to Sanathan Textiles Limited IPO RHP for detailed information.

  • IPO date

    Dec 19,2024 - Dec 23,2024

  • Listing Date

    Dec 27,2024

  • Face value

    10

  • Price Band

    305 to ₹321 per share

  • Lot

    46 Shares

  • Total Issue Size

    1.71 Cr (1,71,33,958)

    aggregating up to 550.00 Cr (5,50,00,00,518)

  • Fresh Issue

    1.25 Cr (1,24,61,060)

    aggregating up to ₹400.00 Cr (4,00,00,00,260)

  • Offer for sale

    46.73 Lakh (46,72,898)

    aggregating up to ₹150.00 Cr (1,50,00,00,258)

  • Issue Type

    Book Building

  • IPO Type

    Main Board
  • Listing At

    NSEBSE

  • Pre Issue Size

    7.19 Cr (7,19,43,000)

  • Post Issue Size

    8.44 Cr (8,44,04,060)

  • Thu, Dec 19, 2024

    IPO Open

  • Mon, Dec 23, 2024

    IPO Close

  • Tue, Dec 24, 2024

    Basis of Allotment

  • Thu, Dec 26, 2024

    Initiation of Refunds

  • Fri, Dec 27, 2024

    Credit of Shares to Demat

  • Fri, Dec 27, 2024

    Listing

Sanathan Textiles Limited IPO Day-wise IPO GMP Trend

Sanathan Textiles Limited IPO last GMP is ₹80, last updated Dec 26,2024. With the price band of 321.00, Sanathan Textiles Limited IPO's estimated listing price is ₹401 (cap price + today's GMP).The expected percentage gain/loss per share is 24.92%.

DateIPO PriceGMPEstimated Listing PriceLast Updated
26-Dec-24321.0080
401(24.92%)26-Dec-2024 14:24
25-Dec-24321.0093
414(28.97%)25-Dec-2024 22:31
24-Dec-24321.0090
411(28.04%)24-Dec-2024 22:24
23-Dec-24321.0090
411(28.04%)23-Dec-2024 22:31
22-Dec-24321.0040
361(12.46%)22-Dec-2024 22:29
21-Dec-24321.0040
361(12.46%)21-Dec-2024 22:27
20-Dec-24321.0045
366(14.02%)20-Dec-2024 22:27
19-Dec-24321.0070
391(21.81%)19-Dec-2024 22:31
18-Dec-24321.0040
361(12.46%)18-Dec-2024 22:27
17-Dec-24321.0025
346(7.79%)17-Dec-2024 22:28
16-Dec-24321.000
321(0.00%)16-Dec-2024 17:57
15-Dec-240
(0.00%)15-Dec-2024 14:52

Sanathan Textiles Limited IPO Lot Size

ApplicationLotsSharesAmount

Retail(Min)

14614,766

Retail(Max)

135981.92 Lakh (1,91,958)

SHNI(Min)

146442.07 Lakh (2,06,724)

SHNI(Max)

673,0829.89 Lakh (9,89,322)

BHNI(Min)

683,12810.04 Lakh (10,04,088)

Sanathan Textiles Limited IPO Financial Information (Restated Consolidated)

LabelJun 30, 2024Mar 31, 2024Mar 31, 2024Mar 31, 2022
Assets2,529.532,203.681,906.671,796.47
Revenue787.762,979.83,345.023,201.46
Profit After Tax50.07133.85152.74355.44
Net Worth1,324.061,273.981,140.13987.39
Reserves and Surplus
Total Borrowing644.93379.88281378.19
Sanathan Textiles Limited Financial Information

About Sanathan Textiles Limited

Incorporated: 2005
Industry: Textile Manufacturing
Core Business:

  1. Polyester Yarn Products
  2. Cotton Yarn Products
  3. Yarns for Technical Textiles & Industrial Uses

Key Product Offerings

1. Polyester Yarn Products

  • Specializes in high-value products such as dope-dyed, superfine/micro, functional, and cationic dyeable yarn.
  • Widely used across various sectors.

2. Cotton Yarn Products

  • A global supplier catering to diversified end uses.

3. Technical Textiles & Industrial Yarns

  • Applications in automotive, healthcare, construction, sports, outdoor activities, and protective clothing.

Operational Scope (As of September 30, 2024)

  • Active Product Portfolio:
    • 3,200+ active yarn varieties.
    • 45,000+ stock-keeping units (SKUs).
  • Manufacturing Capabilities:
    • Potential to produce 14,000+ yarn varieties.
    • 190,000+ SKUs catering to varied end uses.
  • Exports:
    • Fiscal Year 2024: Exported to 14 countries.
    • Fiscal Year 2023: Exported to 27 countries.
    • Fiscal Year 2022: Exported to 29 countries.
  • Distributor Network:
    • 925+ distributors across 7 countries, including India, Argentina, Singapore, Germany, Greece, Canada, and Israel.

Manufacturing & Clientele

  • Manufacturing Unit:

    • Strategically located in Silvassa, with fully integrated facilities.
  • Prominent Clients:

    • Welspun India Limited
    • Valson Industries Limited
    • G.M. Fabrics Private Limited
    • Premco Global Limited
    • Creative Garments Textile Mills Private Limited
    • Banswara Syntex Limited
    • AYM Syntex Limited
    • Techno Sportswear Private Limited
    • Haren Textiles Private Limited
    • Khosla Profil Private Limited
    • Tulip Elastics Private Limited

Competitive Strengths

  1. Unique Product Offering:

    • One of the few Indian companies with a presence across polyester, cotton, and technical textile sectors.
  2. Focus on Product Innovation:

    • Strong emphasis on new product development through process innovation.
  3. Strategic Manufacturing Setup:

    • Integrated yarn manufacturing plant with globally renowned equipment suppliers.
  4. Strong Client Relationships:

    • Long-standing associations with leading multinational, regional, and local consumer brands.
  5. Efficient Procurement & Operations:

    • Deep knowledge of product assortment and strong supplier network enabling competitive pricing.
  6. Experienced Management Team:

    • Proven track record of guiding the company to sustained growth and profitability.

Key Financial Highlights (FY 2024)

  • Revenue from Operations: ₹29,575.04 million (100% of total revenue).

Strategic Initiatives

  1. Capacity Expansion:

    • Plans to expand manufacturing capacity to meet growing demand.
  2. Product Development:

    • Focus on enhancing value addition in existing products and developing new high-value products.
  3. Sustainability & Efficiency:

    • Adoption of digitization and energy-efficient production processes.

Vision & Differentiation

Sanathan Textiles stands out in the textile industry by offering a diversified product portfolio with high-value standardized yarns tailored to meet customer requirements. Their focus on innovation, global distribution network, and sustainable practices position them as a leading manufacturer and supplier of polyester, cotton, and technical textiles.

With a robust financial performance, strong customer base, and a clear strategy for growth, the company is well-equipped to solidify its position as a key player in the global textile market.

Sanathan Textiles Limited IPO's documents

Sanathan Textiles Limited Contact Details

D-15, Trade World Building Kamala Mills Compound,
Senapati Bapat Marg Lower Parel, Mumbai – 400013
Phone: +91 22 6634 3312/3/4/5/6
Email: [email protected]
Website: www.sanathan.com

Sanathan Textiles Limited IPO's Promoters

The promoters of the company are Paresh Vrajlal Dattani, Ajay Vallabhdas Dattani, Anilkumar Vrajdas Dattani, Dinesh Vrajdas Dattani, Nimbus Trust, D&G Family Trust, A&J Family Trust and P&B Family Trust.

Sanathan Textiles Limited IPO Registrar