Bookbuilding IPO | ₹550 Cr | Listed at BSE, NSE | Thu, Dec 19, 2024 - Mon, Dec 23, 2024
Sanathan Textiles IPO is a book build issue of ₹550.00 crores. The issue is a combination of fresh issue of 1.25 crore shares aggregating to ₹400.00 crores and offer for sale of 0.47 crore shares aggregating to ₹150.00 crores.
Sanathan Textiles IPO bidding started from Dec 19, 2024 and ended on Dec 23, 2024. The allotment for Sanathan Textiles IPO was finalized on Dec 24, 2024. The shares got listed on BSE, NSE on Dec 27, 2024.
Sanathan Textiles IPO price band is set at ₹321 per share. The lot size for an application is 46. The minimum amount of investment required by an retail is ₹14,766 (46 shares) (based on upper price). The lot size investment for sNII is 14 lots (644 shares), amounting to ₹2,06,724, and for bNII, it is 68 lots (3,128 shares), amounting to ₹10,04,088.
Dam Capital Advisors Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Sanathan Textiles IPO RHP for detailed Information.
IPO Open
Thu, Dec 19, 2024
IPO Close
Mon, Dec 23, 2024
Issue Price
₹321 per share
Market Cap (Pre-IPO)
₹2,709.37 Cr
| IPO Date | 19 to 23 Dec, 2024 |
| Listed on | Fri, Dec 27, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹305 to ₹321 |
| Issue Price | ₹321 per share |
| Lot Size | 46 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,71,33,956 shares (agg. up to ₹550 Cr) |
| Fresh Issue | 1,24,61,059 shares (agg. up to ₹400 Cr) |
| Offer for Sale | 46,72,897 shares of ₹10 (agg. up to ₹150 Cr) |
| Share Holding Pre Issue | 7,19,43,000 shares |
| Share Holding Post Issue | 8,44,04,060 shares |
| BSE Script Code / NSE Symbol | 544314 / SANATHAN |
| ISIN | INE0JPD01013 |
Sanathan Textiles IPO offers total 1,71,33,956 shares. Out of which 85,66,977 (50.00%) allocated to QIB, 34,26,791 (20.00%) allocated to QIB (Ex- Anchor), 25,70,094 (15.00%) allocated to NII 59,96,885 (35.00%) allocated to RII and 51,40,186 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 85,66,977 (50.00%) | NA |
| − Anchor Investor Shares Offered | 51,40,186 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 34,26,791 (20.00%) | NA |
| NII (HNI) Shares Offered | 25,70,094 (15.00%) | NA |
| − bNII > ₹10L | 17,13,396 (10.00%) | 2,660 |
| − sNII < ₹10L | 8,56,698 (5.00%) | 1,330 |
| Retail Shares Offered | 59,96,885 (35.00%) | 1,30,367 |
| Total Shares Offered | 1,71,33,956 (100.00%) |
Investors can bid for a minimum of 46 shares and in multiples thereof.
| 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 raises ₹165.00 crore from anchor investors. Sanathan Textiles IPO Anchor bid date is December 18, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Dec 18, 2024 |
| Shares Offered | 51,40,186 |
| Anchor Portion (₹ Cr.) | 165.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Jan 23, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Mar 24, 2025 |
Incorporated in 2005, Sanathan Textiles Limited is a polyester yarn manufacturer and a global supplier of Cotton Yarn. The company's business is divided into three separate yarn business verticals, consisting of (a) Polyester yarn products, (b) Cotton yarn products, and (c) Yarns for technical textiles and industrial uses. These technical textiles are used in various sectors such as automotive, healthcare, construction, sports and outdoor activities, and protective clothing.
As of September 30, 2024, the company had more than 3,200 active varieties of yarn products (i.e., yarn products manufactured by us from April 1, 2021, to September 30, 2024) and more than 45,000 stock-keeping units (SKUs). It also can manufacture a diversified product portfolio of more than 14,000 varieties of yarn products and more than 190,000 SKUs that are used in various forms and for varied end uses.
As of June 30, 2024, Fiscal 2024, and Fiscal 2023, Sanathan Textiles Limited exported its products to 14, 27 and 29 countries.
As of June 30, 2024, the company had more than 925 distributors in 7 countries, including India, Argentina, Singapore, Germany, Greece, Canada, and Israel.
The company's manufacturing unit is located in Silvassa. The company's clients comprise several multinational, regional and local companies such as Welspun India Limited, Valson Industries Limited, G.M. Fabrics Private Limited, Premco Global Limited, Creative Garments Textile Mills Private Limited, Banswara Syntex Limited, AYM Syntex Limited, Techno Sportswear Private Limited, Haren Textiles Private Limited, Khosla Profil Private Limited, Tulip Elastics Private Limited and more.
Company Strengths:
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 2,529.53 | 2,203.68 | 1,906.67 | 1,796.47 |
| Total Income | 787.76 | 2,979.80 | 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 | 281.00 | 378.19 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company; | 160.00 |
| 2 | 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 | 140.00 |
| 3 | General corporate purposes. | 70.95 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 11.09% |
| ROCE | 11.80% |
| Debt/Equity | 0.17 |
| RoNW | 10.42% |
| PAT Margin | 4.53% |
| Price to Book Value | 1.81 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 18.60 | 23.73 |
| P/E (x) | 17.25 | 13.53 |
| Promoter Holding | 98.61% | 78.52% |
| Market Cap | ₹2,709.37 Cr. |
The Sanathan Textiles IPO is subscribed 36.9 times on December 23, 2024 6:19:13 PM (Day 3). The public issue subscribed 9.31 times in the retail category, 79.59 times in the QIB category, and 44.39 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 79.59 | 34,26,791 | 27,27,24,754 |
| NII | 44.39 | 25,70,093 | 11,40,81,794 |
| bNII (bids above ₹10L) | 48.47 | 17,13,396 | 8,30,48,630 |
| sNII (bids below ₹10L) | 36.22 | 8,56,698 | 3,10,33,164 |
| Retail | 9.31 | 59,96,885 | 5,58,18,424 |
| Total | 36.9 | 1,19,93,770 | 44,26,24,972 |
Total Application : 11,69,757
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLM’s fees and commissions (including underwriting commission, brokerage and selling commission) | 16.23 |
| 2 | Brokerage, selling commission, bidding charges, processing fees for the Members of the Syndicate, Registered Brokers, SCSBs, RTAs and CDPs | 1.69 |
| 3 | Fees payable to the Registrar to the Offer | 0.02 |
| 4 | Other expenses: Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 5.39 |
| 5 | Printing and stationery | 0.13 |
| 6 | Advertising and marketing expenses | 2.75 |
| 7 | Fee payable to legal counsel, the statutory auditor, independent chartered accounts, independent chartered engineers | 9.77 |
| 8 | Miscellaneous | 3.94 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹321.00 | ₹321.00 |
| Open | ₹419.10 | ₹422.30 |
| Low | ₹382.00 | ₹382.00 |
| High | ₹422.65 | ₹423.00 |
| Last Trade | ₹389.00 | ₹388.35 |
Lead Manager Reports
Sanathan Textiles IPO is a main-board IPO of 1,71,33,956 equity shares of the face value of ₹10 aggregating up to ₹550 Crores. The issue is priced at ₹321 per share. The minimum order quantity is 46.
The IPO opens on Thu, Dec 19, 2024, and closes on Mon, Dec 23, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Sanathan Textiles IPO using UPI as a payment gateway. Zerodha customers can apply in Sanathan Textiles IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sanathan Textiles IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sanathan Textiles IPO opens on Thu, Dec 19, 2024 and closes on Mon, Dec 23, 2024.
Sanathan Textiles IPO lot size is 46, and the minimum amount required for application is ₹14,766.
You can apply in Sanathan Textiles IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Sanathan Textiles IPO will be done on Tuesday, December 24, 2024, and the allotted shares will be credited to your demat account by Thu, Dec 26, 2024. Check the Sanathan Textiles IPO allotment status.
The Sanathan Textiles IPO listing date is on Fri, Dec 27, 2024.
