Sanathan Textiles IPO Details: The Sanathan Textiles IPO will open on December 19, 2024, and close on December 23, 2024. This Book Built Issue aims to raise approximately ₹550 crores, consisting of a fresh issue of ₹400 crores and an offer for sale of up to ₹150 crores, with equity shares having a face value of ₹10 each.
The price band for the IPO is set between ₹305 and ₹321 per share. The allocation breakdown is as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net-Worth Individuals (HNI). Sanathan Textiles is expected to list on both the BSE and NSE on December 27, 2024, with allotment results announced on December 24, 2024.
For the fiscal year 2024, the company reported a revenue of ₹2,979.8 crores, a decline from ₹3,345.02 crores in 2023. Profit for the year stood at ₹133.85 crores, down from ₹152.74 crores in 2023. Given the financial outlook, investors are encouraged to consider a long-term investment strategy for the IPO.
Sanathan Textiles IPO Objectives:
The company proposes to utilise the Net Proceeds towards the following objects:
- Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company;
- Investment in our subsidiary viz. Sanathan Polycot Private Limited, for repayment and/ or pre-payment, in full or part, of certain borrowings availed by our subsidiary viz. Sanathan Polycot Private Limited; and
- General corporate purposes.
Sanathan Textiles IPO Review (Apply or Not)
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Sanathan Textiles IPO Date & Price Band Details:
| IPO Open Date: | December 19, 2024 |
| IPO Close Date: | December 23, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹305 to ₹321 Per Share |
| Issue Size: | Approx ₹550 Crores |
| Fresh Issue: | Approx ₹400 Crores |
| Offer for Sale: | Approx ₹150 Crores, 46,72,898 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Sanathan Textiles IPO Lot Size:
The minimum market lot for the Sanathan Textiles IPO is 46 shares, with an application amount of ₹14,766. Retail investors have the option to apply for up to 13 lots, totaling 598 shares or ₹1,91,958.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 46 | ₹14,766 |
| Retail Maximum | 13 | 598 | ₹1,91,958 |
| S-HNI Minimum | 14 | 644 | ₹2,06,724 |
| B-HNI Minimum | 68 | 3,128 | ₹10,04,088 |
Sanathan Textiles IPO Timeline:
The Sanathan Textiles IPO will open on December 19, 2024, and close on December 23, 2024. The allotment for the IPO will be finalized on December 24, 2024, with the listing scheduled for December 27, 2024.
| IPO Open Date: | December 19, 2024 |
| IPO Close Date: | December 23, 2024 |
| Basis of Allotment: | December 24, 2024 |
| Refunds: | December 26, 2024 |
| Credit to Demat Account: | December 26, 2024 |
| IPO Listing Date: | December 27, 2024 |
Promoters of Sanathan Textiles IPO
The promoters of Sanathan Textiles 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.
About Sanathan Textiles IPO
Founded in 2017, Sanathan Textiles is among the few companies in India specializing in the manufacturing and supply of polyester and cotton yarns, as well as yarn for technical textiles. The company operates three distinct yarn verticals under one roof, offering a wide variety of yarns that cater to various customers across multiple sectors and industries. As of June 30, 2024, Sanathan Textiles has developed over 2,800 varieties of yarn products and more than 30,000 stock-keeping units.
Sanathan Textiles has the capacity to produce over 14,000 different yarn varieties, serving a diverse range of end users. What sets the company apart is its ability to offer standardized, high-value yarn products, such as dope-dyed, superfine/micro, functional, industrial, technical, cationic dyeable, and specialty yarns. These products are developed through extensive research, keeping customer requirements in mind, and offer unique qualities not found in other products. In fiscal year 2024, Sanathan Textiles generated ₹2,957.5 crores in revenue, representing 100% of the total revenue from operations.
Sanathan Textiles IPO Company Financial Report
The company reported revenue of ₹2,979.8 crores in 2024 against ₹3,345.02 crore in 2023. The company reported Profit of ₹133.85 crores in 2024 against Profit of ₹152.74 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹3,201.46 | ₹2,722.34 | ₹355.44 | ₹1,796.47 |
| 2023 | ₹3,345.02 | ₹3,135.59 | ₹152.74 | ₹1,906.67 |
| 2024 | ₹2,979.8 | ₹2,798.40 | ₹133.85 | ₹2,203.68 |
| June 2024 | ₹787.76 | ₹720.99 | ₹50.07 | ₹2,529.53 |
Sanathan Textiles IPO Valuation – FY2024
Check Sanathan Textiles IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 11.09% |
| ROCE: | 11.80% |
| EBITDA Margin: | 7.66% |
| PAT Margin: | -% |
| Debt to equity ratio: | 0.30 |
| Earning Per Share (EPS): | ₹18.60 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 10.42% |
| Net Asset Value (NAV): | ₹177.22 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| K.P.R. Mill Ltd | 23.56 | 40.18 | 18.48 | 127.50 | 6,059.68 Cr. |
| Vardhman Textiles Ltd. | 22.20 | 23.34 | 7.00 | 314.69 | 9,504.68 Cr. |
| Indo Count Industries Ltd | 17.06 | 22.49 | 16.35 | 105.48 | 3,557.07 Cr. |
| Filatex India Ltd | 2.49 | 25.00 | 9.19 | 27.13 | 4,285.90 Cr. |
| Garware Technical Fibres Ltd. | 102.16 | 35.38 | 16.87 | 621.49 | 1,325.61 Cr. |
Sanathan Textiles IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222
E-mail: stl.ipo@kfintech.com
Website: https://ris.kfintech.com/
IPO Lead Managers aka Merchant Bankers
- DAM Capital Advisors Ltd.
Company Address
Sanathan Textiles Limited
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: investors@sanathan.com
Website: www.sanathan.com
Sanathan Textiles IPO FAQs
What is Sanathan Textiles IPO?
Sanathan Textiles IPO is a Mainboard IPO through which the company plans to raise ₹550 crores. The issue is priced between ₹305 and ₹321 per equity share, and it will be listed on both BSE and NSE.
When will Sanathan Textiles IPO open for subscription?
The IPO will open for subscription on December 19, 2024, for QIB, NII, and Retail Investors, and will close on December 23, 2024.
What is Sanathan Textiles IPO Investors’ Portion?
The allocation for investors is as follows:
- 50% for Qualified Institutional Buyers (QIB)
- 15% for Non-Institutional Investors (NII)
- 35% for Retail Investors
How to Apply for Sanathan Textiles IPO?
Investors can apply for the Sanathan Textiles IPO through the ASBA (Application Supported by Blocked Amount) online via their bank account. Alternatively, applications can also be submitted through UPI via stock brokers. Offline applications can be made by filling out the form with your stock broker.
What is the Sanathan Textiles IPO Issue Size?
The Sanathan Textiles IPO issue size is ₹550 crores.
What is Sanathan Textiles IPO Price Band?
The price band for the Sanathan Textiles IPO is ₹305 to ₹321 per share.
What is the Sanathan Textiles IPO Lot Size?
The minimum bid consists of 46 shares, with an application amount of ₹14,766.
What is the Sanathan Textiles IPO Allotment Date?
The allotment date for the Sanathan Textiles IPO is December 24, 2024.
What is the Sanathan Textiles IPO Listing Date?
The IPO is scheduled to list on December 27, 2024, on both BSE and NSE.
