Sanathan Textiles IPO Details
| IPO Issue Open Date: | 19 December 2024 |
| IPO Issue Close Date: | 23 December 2024 |
| IPO Issue Price Band: | ₹305 to ₹321 Per Share |
| Face Value: | ₹10 Per Equity Share |
| IPO Issue Size: | ₹550 Crores | [.] shares |
| Fresh Issue: | ₹400 Crores | [.] shares |
| Offer for Sale: | ₹150 Crores | 46,72,898 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing At: | BSE & NSE |
| IPO Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| Employee Discount: | ₹[.] per share |
Sanathan Textiles IPO Prospectus:
Checkout the Sanathan Textiles IPO Prospectus of DRHP and RHP file.
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Sanathan Textiles IPO Dates Timeline
| Issue Open Date: | 19 December 2024 |
| Issue Close Date: | 23 December 2024 |
| Basis of Allotment Date: | 24 December 2024 |
| Refunds Initiation: | 24 December 2024 |
| Shares Credit in Demat: | 26 December 2024 |
| IPO Listing Date Detail: | 27 December 2024 |
Sanathan Textiles IPO Market Lot
| Application | Lot Size, Shares and Price Details |
| Retail (Min) | 1 lots and 46 shares = ₹14,766 |
| Retail (Max) | 13 lots and 598 shares = ₹1,91,958 |
| S-HNI (Min) | 14 lots and 644 shares = ₹2,06,724 |
| B-HNI Minimum | 68 lots and 3,128 shares = ₹10,04,088 |
Sanathan Textiles IPO GMP*
| GMP Date | GMP Today | Subject to Sauda | Kostak | Expected Gain |
| 25th Dec | ₹90 | ₹3,100 | ₹- | 28% |
| 24th Dec | ₹31 | ₹1,100 | ₹- | 10% |
| 23th Dec | ₹40 | ₹1,000 | ₹- | 12% |
| 19th Dec | ₹30 | ₹1,000 | ₹- | 9% |
| 18th Dec | ₹25 | ₹- | ₹- | 8% |
| 17th Dec | ₹- | ₹- | ₹- | ₹- |
| 16th Dec | ₹- | ₹- | ₹- | ₹- |
Check Live GMP
About Sanathan Textiles
Founded in 2017, Sanathan Textiles Operates is in the business of manufacturing and supplying polyester yarns, cotton yarns, and yarns for technical textiles being one of the few companies in India that provide 3 different types of yarn production that are managed under a single company. They offer different types of yarn that are used by various customers across different sectors and industries. Sanathan Textiles is the master of providing more than 2800 varieties of yarn products as well as having more than 30,000 stock-keeping units as of June 30, 2024. They are under the impression of manufacturing more than 14000 varieties of yarn products. Sanathan Textiles offers standardized high-value products such as dope dyed, superfine/micro, functional, industrial, and technical yarn, cationic dyeable, and specialty yarn created after in-depth research. All these are created by keeping the customer’s requirements in mind and offering qualities different from any other products. In the fiscal year of 2024, Sanathan Textiles earned 29,575.04 million means earning 100.00% of the total revenue from operations.
Sanathan Textiles IPO Strengths
- We are one of the few companies in India with presence across the polyester, cotton and technical textile
- Focus on the product development of new products, through process innovation
- Long standing association with leading consumer brands with a low customer concentration
Objects of the IPO Issue
- 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 Company Financial Report
The company reported revenue of ₹2,957.50 crores in 2024 against ₹3,329.21 crores in 2023. The company reported a profit of ₹133.85 crores in 2024 against a Profit of ₹152.74 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹3,201.46 | ₹2,722.34 | ₹355.44 | ₹1,796.47 |
| 2023 | ₹3,345.02 | ₹3,135.59 | ₹152.74 | ₹1,906.67 |
| 2024 | ₹2,979.8 | ₹2,798.40 | ₹133.85 | ₹2,203.68 |
| June 2024 | ₹787.76 | ₹720.99 | ₹50.07 | ₹2,529.53 |
Sanathan Textiles IPO Valuation – Key Performance Indicator
KPI as of March 31, 2024.
| KPI | Values |
| ROE: | 11.09% |
| ROCE: | 11.80% |
| EBITDA Margin: | 7.66% |
| PAT Margin: | -% |
| Debt to equity ratio: | 0.30 |
| Earning Per Share (EPS): | ₹18.60 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 10.42% |
| Net Asset Value (NAV): | ₹177.22 |
Peer Group Comparison
The below peer comparison table’s data are showing as per the DRHP and RHP.
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| K.P.R. Mill Ltd | 23.56 | 40.18 | 18.48 | 127.50 | 6,059.68 Cr. |
| Vardhman Textiles Ltd. | 22.20 | 23.34 | 7.00 | 314.69 | 9,504.68 Cr. |
| Indo Count Industries Ltd | 17.06 | 22.49 | 16.35 | 105.48 | 3,557.07 Cr. |
| Filatex India Ltd | 2.49 | 25.00 | 9.19 | 27.13 | 4,285.90 Cr. |
| Garware Technical Fibres Ltd. | 102.16 | 35.38 | 16.87 | 621.49 | 1,325.61 Cr. |
Sanathan Textiles IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222
E-mail: stl.ipo@kfintech.com
Website: https://ris.kfintech.com/
Sanathan Textiles IPO Lead Manager
- DAM Capital Advisors Ltd.
Sanathan Textiles IPO allotment status noq on Link Intime website. Click on KFin Technologies Limited to get allotment status.
Promoters of Sanathan Textiles
- 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
Company Address
Sanathan Textiles Limited
D-15, Trade World Building Kamala Mills Compound,
Senapati Bapat Marg Lower Parel, Mumbai – 400013
Phone: +91 22 6634 3312/3/4/5/6
Email: investors@sanathan.com
Website: www.sanathan.com