Top 10 Stocks

  • Stocks
  • IPO
  • Mutual FundsMF

© 2024 top10stocks.in. All Rights Reserved.

About UsContactTerms and ConditionsPrivacy PolicySitemap
    1. Home
    2. /
    3. IPOs
    4. /
    5. SANATHAN

    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

    View IPO Document

    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 2024₹321₹87₹408 (27.1%)
    26 Dec 2024₹321₹87₹408 (27.1%)
    25 Dec 2024₹321₹93₹414 (28.97%)
    24 Dec 2024₹321₹90₹411 (28.04%)
    23 Dec 2024₹321₹90₹411 (28.04%)
    22 Dec 2024₹321₹40₹361 (12.46%)
    21 Dec 2024₹321₹40₹361 (12.46%)
    20 Dec 2024₹321₹45₹366 (14.02%)
    19 Dec 2024₹321₹70₹391 (21.81%)
    18 Dec 2024₹321₹70₹391 (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