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Sanathan Textiles Limited IPO
Incorporated in 2005, Sanathan Textiles Limited is a prominent manufacturer of polyester yarn and a global supplier of cotton yarn. The company's operations are strategically divided into three distinct business verticals: Polyester yarn products, Cotton yarn products, and Yarns for technical textiles and industrial uses. These technical textiles find applications across various sectors, including automotive, healthcare, construction, sports and outdoor activities, and protective clothing, demonstrating the company's versatility and adaptability to market demands.
Product and Market Reach
As of September 30, 2024, Sanathan Textiles Limited boasted an impressive portfolio with more than 3,200 active varieties of yarn products. These products were manufactured between April 1, 2021, and September 30, 2024, and the company maintained over 45,000 stock-keeping units (SKUs), showcasing its extensive product range. Furthermore, Sanathan Textiles has the capacity to manufacture a diversified product portfolio comprising over 14,000 varieties of yarn products and more than 190,000 SKUs for various forms and end uses.
Global Presence and Distribution
The company’s global footprint is evidenced by its export activities. In Fiscal 2024 and Fiscal 2023, Sanathan Textiles Limited exported its products to 14, 27, and 29 countries respectively. By June 30, 2024, the company had established a robust distribution network with over 925 distributors in 7 countries, including India, Argentina, Singapore, Germany, Greece, Canada, and Israel.
Clientele and Manufacturing
Sanathan Textiles' manufacturing unit is located in Silvassa, and it serves a diverse clientele, including multinational, regional, and local companies. Notable clients include Welspun India Limited, Valson Industries Limited, G.M. Fabrics Private Limited, and many more, highlighting the company's strong industry relationships and reputation for delivering quality products.
Concord Enviro IPO Overview:
- ● Total Issue Size: ₹550.00 crores
- ○ Fresh Issue: 1.25 crore shares (₹400.00 crores)
- ○ Offer for Sale: 0.47 crore shares (₹150.00 crores)
- ● Price Per Share: ₹305 to ₹321 per share
- ● Subscription Period: December 19, 2024 to December 23, 2024
- ● Minimum Lot Size: 46 shares
- ● Lead Managers: Dam Capital Advisors Ltd (Formerly IDFC Securities Ltd), ICICI Securities Limited
- ● Registrar: Kfin Technologies Limited
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Sanathan Textiles Limited GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | 321 | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Sanathan Textiles IPO Details
| Detail | Description |
|---|---|
| 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 |
| Shareholding pre issue | 7,19,43,000 shares |
| Shareholding post issue | 8,44,04,060 shares |
Sanathan Textiles IPO Timeline
| Detail | Description |
|---|---|
| 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 Lot Size
| 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 Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of theNet Issue |
Sanathan Textiles IPO Promoter Holding
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue |
Mamata Machinery IPO Anchor Investors Details
| Bid Date | December 18, 2024 |
| Shares Offered | 2,204,202 |
| Anchor Portion Size (In Cr.) | 53.56 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 23, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 24, 2025 |
Competitive Strength:
- ● 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 Limited Financial Information
| Period Ended | 30 June 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% |
| P/BV | 1.81 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 18.60 | 23.73 |
| P/E (x) | 17.25 | 13.53 |
Sanathan Textiles IPO Objectives:-
-
The company proposes to utilise the Net Proceeds towards the following objectives:
- 1. Repayment and/ or prepayment, 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 prepayment, in full or part, of certain borrowings availed by our subsidiary viz. Sanathan Polycot Private Limited; and
- 3. General corporate purposes.
Sanathan Textiles IPO FAQs
-
What is Sanathan Textiles IPO?
Sanathan Textiles IPO is a Mainboard IPO. The company is going to raise ₹550 Crores via IPO. The issue is priced at ₹305 to ₹321 per equity share. The IPO is to be listed on BSE & NSE.
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When will the Sanathan Textiles IPO open for subscription?
The IPO is to open on December 19, 2024 for QIB, NII and Retail Investors. The IPO will close on December 23, 2024.
-
What is Sanathan Textiles IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15% and Retail is 35%.
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What is Sanathan Textiles IPO Issue Size?
Sanathan Textiles IPO issue size is ₹550 crores.
-
What is Sanathan Textiles IPO Price Band?
Sanathan Textiles IPO Price Band is ₹305 to ₹321.
-
What is Sanathan Textiles IPO Lot Size?
The minimum bid is 46 Shares with ₹14,766.
-
What is the Sanathan Textiles IPO Allotment Date?
Sanathan Textiles IPO allotment date is December 24, 2024.
-
What is the Sanathan Textiles IPO Listing Date?
Sanathan Textiles IPO listing date is December 27, 2024. The IPO is to be listed on BSE & NSE.
-
What is the Sanathan Textiles current GMP?
The current GMP of the Sanathan Textiles is ---.
RHP:
RHP of Sanathan Textiles Limited IPO
DRHP:
DRHP of Sanathan Textiles Limited IPO
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