Sanathan Textiles IPO Description – Sanathan Textiles operates in the polyester, cotton, and technical textile sectors in India. By 30 June 2024, Sanathan Textiles will offer more than 2,800 active yarn product varieties and over 30,000 stock-keeping units (SKUs). Their production capacity allows for a broad portfolio of over 14,000 yarn varieties and over 1,90,000 SKUs tailored for various end uses.
The company specializes in premium products, including dope-dyed, superfine/micro, functional, industrial, and technical yarns, as well as cationic dyeable and specialty yarns, all developed through extensive in-house research. Its business is segmented into three categories: Polyester yarn products, Cotton yarn products, and Yarns for technical textiles and industrial applications. The manufacturing facility located in Silvassa has significantly expanded its production capabilities over the years. As of June 30, 2024, it boasts a total installed capacity of 2,23,750 metric tons per annum (MTPA) across three distinct yarn verticals.
Promoters of Sanathan Textiles – Paresh Vrajlal Dattani, Ajay Vallabhdas Dattani, Anilkumar Vrajdas Dattani, Dinesh Vrajdas Dattani, Nimbus Trust, D&G Family Trust, A&J Family Trust and P&B Family Trust
Table of Contents
Sanathan Textiles IPO Details
| Sanathan Textiles IPO Dates | 19 – 23 December 2024 |
| Sanathan Textiles Issue Price | INR 305 – 321 per share |
| Fresh issue | INR 400 crore |
| Offer For Sale | INR 150 crore |
| Total IPO size | INR 550 crore |
| Minimum bid (lot size) | 46 shares (INR 14,766) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Sanathan Textiles Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 | Q1 FY 2025 |
| Revenue | 3,185.32 | 3,329.21 | 2,957.50 | 781.13 |
| Expenses | 2,722.34 | 3,135.59 | 2,798.40 | 721.00 |
| Net income | 355.44 | 152.74 | 133.85 | 50.07 |
| Margin (%) | 11.16 | 4.59 | 4.53 | 6.41 |
Sanathan Textiles Offer News
- Sanathan Textiles RHP
- Sanathan Textiles DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Sanathan Textiles Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 (Pre-Issue) | FY 2024 (Post-Issue)* | |
| EPS | 49.40 | 21.24 | 18.60 | 15.86 |
| PE Ratio | – | – | 16.40 – 17.26 | 19.23 – 20.24 |
| FY 2022 | FY 2023 | FY 2024 | |
| RONW (%) | 36.03 | 13.40 | 10.42 |
| NAV | 137.14 | 158.47 | 177.22 |
| ROCE (%) | 35.83 | 15.54 | 11.80 |
| EBITDA (%) | 16.88 | 7.80 | 7.66 |
| Debt/Equity | 0.38 | 0.25 | 0.30 |
Sanathan Textiles IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 26 December 2024 | 90 | – | 4,000 |
| 25 December 2024 | 65 | – | 2,300 |
| 24 December 2024 | 57 | – | 2,000 |
| 23 December 2024 | 33 | – | 1,200 |
| 21 December 2024 | 37 | – | 1,400 |
| 20 December 2024 | 35 | – | 1,200 |
| 19 December 2024 | 33 | – | 1,200 |
Sanathan Textiles IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Repayment or pre-payment, in full or in part, of certain of the outstanding borrowings availed by the company – INR 160 crore
- Investment in the subsidiary viz. Sanathan Polycot Private Limited for funding of its long-term working capital requirements – INR 140 crore
- General corporate purposes
Sanathan Textiles IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 36,06,556 | 27,04,918 | 63,11,476 | 1,26,22,950 |
| 23 Dec 2024 | 75.62 | 42.17 | 8.82 | 35.05 |
| 20 Dec 2024 | 0.09 | 1.53 | 2.15 | 1.43 |
| 19 Dec 2024 | 0.00 | 0.32 | 0.76 | 0.45 |
Shares allotted to anchor investors are not included in these calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.
Sanathan Textiles – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Sanathan Textiles | 20.24 | 15.86 | 10.42 | 177.22 | 2,957.50 |
| K.P.R. Mill | 40.18 | 23.56 | 18.48 | 127.50 | 6,059.68 |
| Vardhman Textiles | 23.34 | 22.20 | 7.00 | 314.69 | 9,504.68 |
| Indo Count Industries | 22.49 | 17.06 | 16.35 | 105.48 | 3,557.07 |
| Filatex India | 25.00 | 2.49 | 9.19 | 27.13 | 4,285.90 |
| Garware Technical Fibres | 35.38 | 102.16 | 16.87 | 621.49 | 1,325.61 |
Sanathan Textiles IPO Allotment Status
Sanathan Textiles IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.
Sanathan Textiles IPO Dates & Listing Performance
| IPO Opening Date | 19 December 2024 |
| IPO Closing Date | 23 December 2024 |
| Finalization of Basis of Allotment | 24 December 2024 |
| Initiation of refunds | 26 December 2024 |
| Transfer of shares to demat accounts | 26 December 2024 |
| Sanathan Textiles IPO Listing Date | 27 December 2024 |
| Opening Price on NSE | INR 422.30 per share (up 31.56%) |
| Closing Price on NSE | INR 388.35 per share (up 20.98%) |
Sanathan Textiles IPO Reviews – Subscribe or Avoid?
Angel One –
Anand Rathi – Subscribe for long term
Antique Stock Broking –
Ajcon Global –
Arihant Capital –
Axis Capital – Not rated
Ashika Research –
BP Wealth – Avoid
Capital Market –
Canara Bank Securities – Neutral
Choice Broking –
Dalal & Broacha –
Elara Capital –
Elite Wealth – Apply
GCL Broking –
Geojit –
GEPL Capital – Avoid
Hem Securities –
Hensex Securities –
HDFC Securities – Not rated
ICICIdirect –
IDBI Capital –
Investmentz –
Indsec Securities –Â
Jainam Broking – Subscribe for long term
KR Choksey –
LKP Research –
Marwadi Financial – Subscribe
Master Capital – Subscribe for long term
Mehta Equities – Subscribe for long term
Nirmal Bang –
Reliance Securities –
Sushil Finance –
Samco Securities – Avoid
SBI Securities – Subscribe for long term
SMC Global – Not rated
SMIFS –
Systematix Research – Not rated
Swastika Investmart – Subscribe for long term
Ventura Securities – Subscribe
Sanathan Textiles Offer Lead Manager
DAM CAPITAL ADVISORS LIMITED
One BKC, Tower C, 15th Floor, Unit No.1511,
Bandra Kurla Complex, Bandra (East), Mumbai 400051
Phone:Â +912242022500
Email:Â [email protected]
Website:Â www.damcapital.in
Sanathan Textiles Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel:Â +91 40 6716 2222
E-mail:Â [email protected]
Website:Â www.kfintech.com
Sanathan Textiles Contact Details
SANATHAN TEXTILES LIMITED
D-15, Trade World Building Kamala Mills Compound,
Senapati Bapat Marg Lower Parel, Mumbai – 400013
Phone:Â +91 22 6634 3312/3/4/5/6
Email: [email protected]
Website: www.sanathan.com
Sanathan Textiles IPO FAQs
How many shares in Sanathan Textiles IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for a Sanathan Textiles Public Offer?
The best way to apply for Sanathan Textiles public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Sanathan Textiles IPO GMP today?
Sanathan Textiles IPO GMP today is INR 90 per share.
What is Sanathan Textile’s kostak rate today?
Sanathan Textile’s kostak rate today is INR NA per application.
What is Sanathan Textiles Subject to Sauda rate today?
Sanathan Textiles Subject to Sauda rate today is INR 4,000 per application.
