Sanathan Textiles IPO GMP: Key Details and Insights
Sanathan Textiles IPO is a highly anticipated book-built issue of ₹550.00 crores. It includes a fresh issue of 1.25 crore shares aggregating ₹400.00 crores and an offer for sale (OFS) of 0.47 crore shares totaling ₹150.00 crores.
The bidding for Sanathan Textiles IPO starts on December 19, 2024, at 10:00 AM, and closes on December 23, 2024. The allotment date is expected to be finalized on December 24, 2024, and the IPO is tentatively set to list on NSE and BSE on December 27, 2024.
Sanathan Textiles IPO Details
| Details | Information |
| IPO Date | December 19, 2024 to December 23, 2024 |
| Bidding Starts | December 19, 2024, at 10:00 AM |
| Listing Date | December 27, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹305 to ₹321 per share |
| Lot Size | 46 Shares |
| Total Issue Size | ₹550.00 Crores |
| Fresh Issue | ₹400.00 Crores |
| Offer for Sale | ₹150.00 Crores |
| Issue Type | Book Built Issue IPO |
| Listing | NSE, BSE |
Sanathan Textiles IPO Timeline
| Event | Date |
| IPO Open Date | December 19, 2024 (10:00 AM) |
| IPO Close Date | December 23, 2024 |
| Basis of Allotment | December 24, 2024 |
| Initiation of Refunds | December 26, 2024 |
| Credit of Shares to Demat | December 26, 2024 |
| Listing Date | December 27, 2024 |
Sanathan Textiles IPO Lot Size
The minimum lot size for retail investors is 46 shares. Below is a breakdown of the lot sizes and their corresponding investments:
| Investor Type | Lots | Shares | Investment |
| 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 |
About Sanathan Textiles Limited
Sanathan Textiles Limited, incorporated in 2005, is a leading manufacturer of polyester yarn and a global supplier of cotton yarn. The company operates across three main business verticals:
- Polyester Yarn Products
- Cotton Yarn Products
- Technical Textiles and Industrial Yarns
The technical textiles cater to industries like automotive, healthcare, construction, and protective clothing. The company operates with a manufacturing unit in Silvassa and exports products to over 29 countries.
Company Financials
Sanathan Textiles has maintained a solid financial position despite recent revenue fluctuations. Here are the key financial highlights:
| Particulars | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets (₹ Cr) | 2,529.53 | 2,203.68 | 1,906.67 | 1,796.47 |
| Revenue (₹ Cr) | 787.76 | 2,979.80 | 3,345.02 | 3,201.46 |
| Profit After Tax (₹ Cr) | 50.07 | 133.85 | 152.74 | 355.44 |
| Net Worth (₹ Cr) | 1,324.06 | 1,273.98 | 1,140.13 | 987.39 |
| Total Borrowing (₹ Cr) | 644.93 | 379.88 | 281.00 | 378.19 |
Company Strengths
- Presence across polyester, cotton, and technical textiles sectors.
- Focus on product development and process innovation.
- Fully integrated manufacturing plant at a strategic location.
- Strong financial performance with a diversified product portfolio.
- Experienced management team with proven success.
FAQs about Sanathan Textiles IPO
1. When does the bidding for Sanathan Textiles IPO start?
The bidding starts on December 19, 2024, at 10:00 AM and closes on December 23, 2024.
2. What is the price band of the Sanathan Textiles IPO?
The price band is set between ₹305 to ₹321 per share.
3. What is the lot size for Sanathan Textiles IPO?
The minimum lot size is 46 shares, which requires a minimum investment of ₹14,766.
4. When is the Sanathan Textiles IPO listing date?
The IPO is expected to list on December 27, 2024, on NSE and BSE.
5. How is the Sanathan Textiles IPO structured?
The IPO comprises a fresh issue of ₹400 crores and an offer for sale (OFS) of ₹150 crores.
