Sanathan Textiles IPO GMP Today, Sanathan Textiles IPO Grey Market Premium Updates | Sanathan Textiles IPO, Latest target, Opening gain
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 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.
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.
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.
- 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
- 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
- Yarns for technical textiles and industrial end-use
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.
Sanathan Textiles IPO Details:
Issuer | Sanathan Textiles IPO | |
Issue Type | Book Built Issue IPO | |
Issue Period | Issue Opens: Dec 19, 2024 | |
Issue Closes: Dec 23, 2024 | ||
Price Brand | ₹- to ₹- per share | |
Issue Size | ₹550.00 Cr | |
Face Value | ₹2 per share | |
Market Lot | – Shares | |
Retail (Max) | ₹ | |
QIB | 50% | |
HNI | 15% | |
Retail Individual Bidders | 35% | |
Listing at | NSE & BSE | |
✔️ Apply With | ANGEL Free DEMAT Account | |
Total Shares | – shares |
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Sanathan Textiles IPO GMP Rates day by day
Sanathan Textiles IPO Market Lot:
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | |||
Retail (Max) | |||
S-HNI (Min) | |||
S-HNI (Max) | |||
B-HNI (Min) |
Sanathan Textiles IPO Date, Allotment & Listing:
Sanathan Textiles IPO Opening Date: | December 19, 2024 |
Sanathan Textiles IPO Closing Date: | December 23, 2024 |
Basis of Allotment: | December 24, 2024 |
Initiation of Refunds: | December 26, 2024 |
Credit to Demat Account: | December 26, 2024 |
Listing Date: | December 27, 2024 |
Sanathan Textiles Limited Financial Information (Restated)
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.
Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
Assets | 2,529.53 | 2,203.68 | 1,906.67 | 1,796.47 | ||||||||||||||||||||||||||||||||||||
Revenue | 787.76 | 2,979.8 | 3,345.02 | 3,201.46 | ||||||||||||||||||||||||||||||||||||
Profit After Tax | 50.07 | 133.85 | 152.74 | 355.44 | ||||||||||||||||||||||||||||||||||||
Net Worth | 1,324.06 | 1,273.98 | 1,140.13 | 987.39 | ||||||||||||||||||||||||||||||||||||
Total Borrowing | 644.93 | 379.88 | 281 | 378.19 | ||||||||||||||||||||||||||||||||||||
Amount in ₹ Crore |
Key Performance Indicator
KPI | Values |
---|---|
ROE | 11.09% |
ROCE | 11.80% |
RoNW | 10.42% |
Objects of the Issue (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 ALLOTMENT STATUS
How to Apply for Sanathan Textiles IPO?
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How to Apply Sanathan Textiles IPO through Zerodha?
Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Sanathan Textiles”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.
How to Apply Sanathan Textiles IPO through Upstox?
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Sanathan Textiles”. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.
In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date.
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IPO ALLOTMENT TIPS & TRICKS
Frequently Asked Questions
What is Sanathan Textiles IPO?
Sanathan Textiles IPO is a main-board initial public offering of –Equity shares of the face value of ₹10 aggregating up to ₹550.00 Crores. The issue price of the IPO is ₹- to ₹- Per Equity Share. The minimum order quantity is – Shares per application and the offer type is Book Built Issue. The IPO opens on Dec 19, 2024 and closes on Dec 23, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
When Sanathan Textiles IPO will open?
The Sanathan Textiles IPO opens on Dec 19, 2024 and closes on Dec 23, 2024.
How to apply for Sanathan Textiles IPO?
You can apply in Sanathan Textiles IPO online using either UPI or ASBA as payment method. 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.
When Sanathan Textiles IPO allotment?
The finalization of Basis of Allotment for Sanathan Textiles IPO will be done on Dec 24, 2024, and the allotted shares will be credited to your demat account by Dec 26, 2024.
Check the Sanathan Textiles IPO allotment status.
When is Sanathan Textiles IPO listing date?
The Sanathan Textiles IPO listing date is not yet announced. The tentative date of Sanathan Textiles IPO listing is Dec 27, 2024.
What is the lot size of Sanathan Textiles IPO?
Sanathan Textiles IPO lot size is – Shares and the minimum order quantity is 1 Shares.