Sanathan Textiles IPO Details: Sanathan Textiles IPO date is not fixed, the IPO is to hit the market on 2024. and will close on 2024. Sanathan Textiles IPO to raise around ₹800 crores via IPO that comprises fresh issue of ₹500 crores and offer for sale up to 11,400,000 equity shares of ₹[.] each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Sanathan Textiles is one of the few companies in India with a presence across the polyester, cotton, and technical textile sectors. (Source: CRISIL Report). All three yarn verticals are housed under a single corporate entity. This has facilitated their diversification into new segments which in turn has helped us in serving a large number of customers across various sectors. As of September 30, 2021, they have a diversified product portfolio with the capability to manufacture more than 12,900 varieties of yarn products with more than 100,000 SKUs that are used in various forms and for varied end uses.
Their 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. The revenue mix from the three verticals for the six months ended September 30, 2021, and for Fiscals 2021, 2020 and 2019
Their products are manufactured at their facility at Silvassa. Over the years, the Company has scaled up its production and as of September 30, 2021, it had a total capacity of 221,050 MTPA across the three yarn verticals. We manufacture polyester chips using purified terephthalic acid (“PTA”) and mono ethylene glycol (“MEG”) and convert the chips into polyester yarn through various intermediate processing to impart specific properties to the yarn. (Source: CRISIL Report). They are an environmentally conscious Company, and they encourage the use of renewable resources. As of September 30, 2021, the Company had installed rooftop solar projects at their Silvassa facility with a capacity of 2.3 MW. Further, for Fiscal 2021, 5% of the energy consumed is derived from renewable resources, i.e., the rooftop solar projects at their Silvassa facility.
Objects of the Issue
- Prepayment or scheduled repayment of all, or a portion, of certain outstanding borrowings availed by our Company.
- Funding working capital requirements of our Company.
- General corporate purposes.
Sanathan Textiles IPO Review (Apply or Not)
- To be updated soon
Brokerage Firm IPO Review
- Capital Market: To be updated soon
- Religare Broking: To be updated soon
- Hem Securities: To be updated soon
- Arihant Capital: To be updated soon
Sanathan Textiles IPO Date & Price Band Details
| IPO Open: | 2024 |
| IPO Close: | 2024 |
| IPO Size: | Approx ₹800 Crores |
| Fresh Issue: | Approx ₹500 Crores |
| Offer for Sale: | Approx 11,400,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹[.] to ₹[.] Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Sanathan Textiles IPO Market Lot
The Sanathan Textiles IPO minimum market lot is [.] shares with ₹[.] application amount. The retail investors can apply up-to 13 lots with [.] shares or ₹[.] amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | – | ₹- |
| Retail Maximum | 13 | – | ₹- |
| S-HNI Minimum | 14 | – | ₹- |
| B-HNI Minimum | 68 | – | ₹- |
Sanathan Textiles IPO Allotment & Listing Dates
The Sanathan Textiles IPO date is 2024 and the close date is 2024. The Sanathan Textiles IPO allotment will be finalized on 2024 and the IPO listing on 2024.
| Price Band Announcement: | 2024 |
| Anchor Investors Allotment: | 2024 |
| IPO Open Date: | 2024 |
| IPO Close Date: | 2024 |
| Basis of Allotment: | 2024 |
| Refunds: | 2024 |
| Credit to Demat Account: | 2024 |
| IPO Listing Date: | 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Sanathan Textiles IPO Form
How to apply for the Sanathan Textiles IPO? You can apply for Sanathan Textiles IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Sanathan Textiles IPO in the Invest section. The other option is you can apply for Sanathan Textiles IPO via IPO forms downloaded via NSE and BSE. Check out the Sanathan Textiles forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
Sanathan Textiles Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹1932.97 | ₹1680.26 | ₹185.63 |
| 2022 | ₹3201.46 | ₹2722.33 | ₹355.44 |
| 2023 | ₹3345.02 | ₹3135.58 | ₹152.74 |
| Dec 2023 | ₹2214.06 | ₹2105.10 | ₹84.56 |
Sanathan Textiles IPO Valuation – FY2023
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.
| Earning Per Share (EPS): | ₹- per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | NA% |
| Net Asset Value (NAV): | ₹- per Equity Share |
Peer Group
- K.P.R. Mill Ltd
- Vardhman Textiles Ltd
- Indo Count Industries Ltd
- Filatex India Ltd
- Garware Technical Fibres Ltd
Company Promoters
- Pareshkumar Dattani
- Ajaykumar Dattani
- Anilkumar Dattani
- Dineshkumar Dattani
Sanathan Textiles IPO Registrar
KFin Technologies Private Limited
Telephone: +91 40 6716 2222
E-mail: sanathan.ipo@kfintech.com
Website: www.kfintech.com
Sanathan Textiles IPO Allotment Status Check
Check Sanathan Textiles IPO allotment status on KFin Technologies website allotment URL. Click Here
Sanathan Textiles IPO Lead Managers aka Merchant Bankers
- JM Financial Limited
- Edelweiss Financial Services Limited
Company Address
Sanathan Textiles Limited
SRV NO. 187/4/1/2, Near Surangi Bridge
Surangi, Dadra & Nagar Haveli,
Silvassa – 396230, India
Phone : + 91 260 3269197
E-mail: investors@sanathan.com
Website: https://www.sanathan.com/
Sanathan Textiles IPO FAQs
What is Sanathan Textiles IPO?
Sanathan Textiles IPO is a main-board IPO. They are going to raise ₹800 Crores via IPO. The issue is priced at ₹[.] to ₹[.] pr equity share. The IPO is to be listed on BSE & NSE.
When Sanathan Textiles IPO will open?
The IPO is to open on 2024 for QIB, NII, and Retail Investors.
What is Sanathan Textiles IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
How to Apply the Sanathan Textiles IPO?
You can apply for Sanathan Textiles IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
