Sanathan Textiles Limited

CLOSED

IPO Date: 19 Dec - 23 Dec 2024

Listing Date: 27 Dec 2024

Price Range

₹305 to ₹321

Issue Size

550 Cr

Min Investment

14,030

Lot Size

46 Shares

Schedule of Sanathan Textiles Limited

Issue open date

19 Dec 2024

Issue close date

23 Dec 2024

UPI mandate deadline

23 Dec 2024 (5 PM)

Allotment finalization

24 Dec 2024

Share credit

26 Dec 2024

Listing date

27 Dec 2024

Mandate end date

N/A

Issue size

Funds Raised in the IPOAmount
Overall550 Cr
Fresh Issue0 Cr
Offer for Sale0 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date24 Dec 2024
Allotment Link{Link}

Grey Market PremiumNew

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIpo PriceGMPEstimated Listing Price
27 Dec 202432187408 (27.1%)
26 Dec 202432187408 (27.1%)
25 Dec 202432193414 (28.97%)
24 Dec 202432190411 (28.04%)
23 Dec 202432190411 (28.04%)
22 Dec 202432140361 (12.46%)
21 Dec 202432140361 (12.46%)
20 Dec 202432145366 (14.02%)
19 Dec 202432170391 (21.81%)
18 Dec 202432170391 (21.81%)

Performance Sanathan Textiles Limited

Issue PriceListing GainCurrent Market PriceP/L
₹305 to ₹321 1566 (20.98%) 322.550.48%

About Sanathan Textiles Limited

Incorporated in 2005, Sanathan Textiles Limited is a polyester yarn manufacturer and a global supplier of Cotton Yarn. The company's business is divided into three separate yarn business verticals, consisting of (a) Polyester yarn products, (b) Cotton yarn products, and (c) Yarns for technical textiles and industrial uses. These technical textiles are used in various sectors such as automotive, healthcare, construction, sports and outdoor activities, and protective clothing.As of September 30, 2024, the company had more than 3,200 active varieties of yarn products (i.e., yarn products manufactured by us from April 1, 2021, to September 30, 2024) and more than 45,000 stock-keeping units (SKUs). It also can manufacture a diversified product portfolio of more than 14,000 varieties of yarn products and more than 190,000 SKUs that are used in various forms and for varied end uses.As of June 30, 2024, Fiscal 2024, and Fiscal 2023, Sanathan Textiles Limited exported its products to 14, 27 and 29 countries.As of June 30, 2024, the company had more than 925 distributors in 7 countries, including India, Argentina, Singapore, Germany, Greece, Canada, and Israel.The company's manufacturing unit is located in Silvassa. The company's clients comprise several multinational, regional and local companies such as 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 and more.**Company Strengths:**- The company is one of the few companies (amongst our peer group) in India with a presence across the polyester, cotton and technical textile sectors.- Focus on the product development of new products through process innovation.- Fully integrated Yarn manufacturing plant set up at a strategic location with equipment supplied by domestic and globally renowned players.- Long-standing association with leading consumer brands with a low customer concentration.- Deep knowledge and understanding of optimal product assortment and strong supplier network enabling procurement at predictable and competitive pricing, leading to an overall efficient cycle.- Healthy financial performance- Experienced management team with a proven track record- Our Strategies Expanding our manufacturing capacity.- Enhance value addition in existing products and development of new products.- Harnessing digitization and technology in production processes with a focus on energy efficiency and sustainable practices.- Cotton yarn manufacturing process- Yarns for technical textiles and industrial end-use

Founded in2005
Managing director
Parent organization

Financial Overview

Strengths

  • The company is one of the few companies (amongst our peer group) in India with a presence across the polyester, cotton and technical textile sectors.
  • Focus on the product development of new products through process innovation.
  • Fully integrated Yarn manufacturing plant set up at a strategic location with equipment supplied by domestic and globally renowned players.
  • Long-standing association with leading consumer brands with a low customer concentration.
  • Deep knowledge and understanding of optimal product assortment and strong supplier network enabling procurement at predictable and competitive pricing, leading to an overall efficient cycle.
  • Healthy financial performance
  • Experienced management team with a proven track record

Risks

    Subscription Figures

    CategorySubscription (No. of times)
    Qualified Institutional Buyers (QIBs)79.59
    Non-Institutional Investors (NIIs)44.39
    Retail Individual Investors (RIIs)9.31
    EmployeeN/A
    Total36.9