Sanathan Textiles IPO GMP Today, Date, Price, Subscription Status 

Sanathan Textiles IPO Overview

Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), ICICI Securities Limited are the book running lead managers of the Sanathan Textiles IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Sanathan Textiles IPO RHP for detailed information.

Sanathan Textiles IPO Important dates

Sanathan Textiles IPO IPO opens on December 19, 2024, and closes on December 23, 2024.

IPO Open Date	Thursday, December 19, 2024
IPO Close Date	Monday, December 23, 2024
Basis of Allotment	Tuesday, December 24, 2024
Initiation of Refunds	Thursday, December 26, 2024
Credit of Shares to Demat	Thursday, December 26, 2024
Listing Date	Friday, December 27, 2024
Cut-off time for UPI mandate confirmation	5 PM on December 23, 2024

Sanathan Textiles IPO Financial Performance

Sanathan Textiles Limited’s revenue decreased by -11% and profit after tax (PAT) dropped by -12% between the financial year ending with March 31, 2024 and March 31, 2023.

Sanathan Textiles IPO Key Performance Indicator

The market capitalization of Sanathan Textiles IPO is Rs 2709.37 Cr.

KPI as of Sun, Mar 31, 2024.

Sanathan Textiles IPO Objectives

The company proposes to utilise the Net Proceeds towards the following objects:

1. Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company;
2. 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
3. General corporate purposes.

Sanathan Textiles IPO Lot Size

Investors can bid for a minimum of 46 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	46	₹14,766
Retail (Max)	13	598	₹1,91,958
S-HNI (Min)	14	644	₹2,06,724
S-HNI (Max)	67	3,082	₹9,89,322
B-HNI (Min)	68	3,128	₹10,04,088

Sanathan Textiles IPO Details

IPO Date	December 19, 2024 to December 23, 2024
Listing Date	[.]
Face Value	₹10 per share
Price Band	₹305 to ₹321 per share
Lot Size	46 Shares
Total Issue Size	1,71,33,958 shares (aggregating up to ₹550.00 Cr)
Fresh Issue	1,24,61,060 shares (aggregating up to ₹ 400.00 Cr)
Offer for Sale	46,72,898 shares of ₹10 (aggregating up to ₹150.00 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE
Share Holding Pre Issue	7,19,43,000 shares
Share Holding Post Issue	8,44,04,060 shares

Sanathan Textiles IPO Company Overview and Services

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

Sanathan Textiles IPO SWOT Analysis

Strengths:

• Diverse Product Portfolio: Sanathan Textiles offers a wide range of products with a large number of SKUs (Stock Keeping Units), catering to various segments of the textile industry.
• Established Presence in Domestic and International Markets: The company has a significant presence in both domestic and international markets, with a wide distribution network.
• Expertise in Technical Textiles: Sanathan Textiles has expertise in manufacturing technical textiles used in various industries like automotive, healthcare, and sports.
• Strong Client Base: The company has established relationships with a strong client base, including multinational companies.

Weaknesses:

• Recent Decline in Financial Performance: Recent financial data indicates a decline in revenue and profitability, which is a concern for potential investors.
• Dependence on Key Clients: While the client base is described as strong, dependence on a few key clients for a significant portion of revenue could pose a risk.
• High Working Capital Requirements: The textile industry generally requires high working capital, which can strain financial resources, especially during economic downturns.

Opportunities:

• Growth in the Textile Industry: The Indian textile industry is expected to grow, driven by factors like increasing domestic consumption and export demand.
• Focus on Value-Added Products: Increasing the focus on value-added products and technical textiles can improve margins and profitability.
• Government Initiatives: Government initiatives promoting the textile industry, such as production-linked incentive (PLI) schemes, can provide opportunities for growth.
• Expansion into New Markets: Expanding into new geographical markets can further diversify revenue streams.

Threats:

• Fluctuations in Raw Material Prices: The prices of raw materials like cotton and synthetic fibers can fluctuate significantly, impacting profitability.
• Intense Competition: The textile industry is highly competitive, with both domestic and international players.
• Global Economic Slowdown: A global economic slowdown can negatively impact demand for textiles, affecting the company’s revenue and profitability.
• Changes in Trade Policies: Changes in trade policies, such as import duties and export restrictions, can impact the company’s international business.

Sanathan Textiles IPO GMP Details

What is IPO GMP?

The grey market premium (GMP) reflects the unofficial trading price of an IPO before its listing, offering insights into its potential market performance. A positive GMP indicates that the IPO may yield profits, while a negative GMP suggests a possible discount upon listing. However, it’s essential to recognize that IPO GMP can be highly volatile. Therefore, investors should not make decisions solely based on the GMP but should thoroughly assess all relevant factors before investing.

Sanathan Textiles IPO Subscription Status 

Total Application : 2,82,526

Note:

• *: “Shares Offered” and “Total Amount” are calculated based on the upper price of the issue price range.

• **: The portion of anchor investors (or market makers) is not included in the total number of shares offered.

Sanathan Textiles IPO Allotment status 

Sanathan Textiles IPO allotment is expected on Tuesday, December 24, 2024.

Sanathan Textiles IPO allotment status is not available at this time. Sanathan Textiles IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Sanathan Textiles Limited IPO allotment status.

To check Sanathan Textiles IPO allotment status, follow the steps below:

1. Click on the below allotment status check button.
2. Select Company Name.
3. Enter your PAN Number, Application Number or DP Client ID (Anyone).
4. Click on Search.

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Kfin Technologies Limited either by phone or email. Investors can call on 04067162222, 04079611000 or send an email with all relevant details to reachus@kfintech.com.

Sanathan Textiles IPO Contact Details

Sanathan Textiles Limited
SRV NO. 187/4/1/2,
Near Surangi Bridge,
Surangi, Dadra & Nagar Haveli, Silvassa 396230
Phone: +91 22 6634 3312
Email: investors@sanathan.com
Website: https://sanathan.com

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.

 

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