Sanathan Textiles Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹305 - ₹321
- Lot size
- 46 shares
- Issue amount
- ₹550 cr
- Total subscription
- 36.96×
- Opens
- 19 Dec 2024
- Closes
- 23 Dec 2024
- Allotment
- 24 Dec 2024
- Listing
- 27 Dec 2024
Offer at a glance
Issue overview
- Issue size
- 1,71,33,956 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,030
- Fresh issue
- ₹400 cr
- Offer for sale
- ₹150 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,766
- Issue type
- Bookbuilding IPO
- Shares before issue
- 71,94,300
- Shares after issue
- 8,44,04,060
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 46 | ₹14,766 |
| sHNI | 14 | 644 | ₹2,06,724 |
| bHNI | 68 | 3,128 | ₹10,04,088 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 12,952 | 1,21,773 |
| HNIs(10L +) | 2,661 | 1,28,958 |
| HNIs (2-10L) | 1,330 | 48,323 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 110 | 8,754.46 |
| RETAIL | 192.5 | 1,809.83 |
| NIB | 110 | 3,664.82 |
| HNIs 2+ | 27.5 | 998.96 |
| HNIs 10+ | 55 | 2,665.86 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Jun-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 6.96 | 18.6 | 21.24 |
| ROE | 15.41 | 11.09 | 14.36 |
| ROCE | 14.04 | 11.8 | 15.54 |
| RONW | 3.72 | 10.42 | 13.4 |
| Pre IPO | 0 | 17.25 | 0 |
| Post IPO | 13.53 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Sanathan Textiles Limited, incorporated in 2005, is a leading manufacturer of polyester yarn and a global supplier of cotton yarn, operating through three key verticals—Polyester Yarn Products, Cotton Yarn Products, and Yarns for Technical Textiles and Industrial Uses. Its technical textile offerings support diverse industries such as automotive, healthcare, construction, sports, and protective apparel. As of September 30, 2024, the company offered over 3,200 active yarn varieties and 45,000 SKUs, with the capability to produce more than 14,000 yarn varieties and 190,000 SKUs. Sanathan Textiles exported its products to 14, 27, and 29 countries during June 30, 2024, Fiscal 2024, and Fiscal 2023, respectively, and maintained a strong distribution network of over 925 distributors across India, Argentina, Singapore, Germany, Greece, Canada, Israel, and others. Its advanced manufacturing facility in Silvassa supports a strong customer base that includes leading companies such as Welspun India Limited, Valson Industries Limited, G.M. Fabrics Private Limited, and Premco Global Limited.
Strengths
- Diversified Presence: One of the few Indian companies with operations across polyester, cotton, and technical textiles.
- Innovation-Driven: Strong focus on continuous product and process innovation.
- Strategic Infrastructure: Fully integrated yarn manufacturing plant with advanced technology from leading domestic and international suppliers, located for operational efficiency.
Risk factors
- Raw Material Dependency: Reliance on a few key suppliers without long-term agreements may affect quality, supply, and pricing.
- Inventory Management Challenges: Poor demand forecasting or suboptimal inventory levels could impact operations and financial stability.
- Utilization of IPO Proceeds: Changes in planned use of IPO funds require shareholder approval, possibly delaying execution.
Promoters
Nimbus Trust
D&G Family Trust
A&J Family Trust
P&B Family Trust
Paresh Vrajlal Dattani
Ajay Vallabhdas Dattani
Anilkumar Vrajdas Dattani
Dinesh Vrajdas Dattani
Registrar & documents
Lead manager
Dam Capital Advisors Limited, ICICI Securities Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
SRV NO. 187/4/1/2, Near Surangi Bridge, Surangi, Dadra & Nagar Haveli, Silvassa Dadra, Dadra and Nagar Haveli and Daman and Diu, 396230
+91 22 6634 3312
[email protected]Company website ↗Understanding SANATHAN IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.