IPO Details

Bidding Dates

18 Dec '24 - 22 Dec '24

Minimum Investment

₹14,766 / 1 Lot (46 Shares)

Price Range

₹305 - ₹321

Maximum Investment

₹1,91,958 / 13 Lot (598 Shares)

Retail Discount

To be announced

Issue Size

₹550.00 crore

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |  

Sanathan Textiles IPO Dates

Important dates with respect to IPO allotment and listing

Sanathan Textiles IPO Opening Date

Dec 18, 2024

Sanathan Textiles IPO Closing Date

Dec 22, 2024

Basis of Allotment

Dec 23, 2024

Initiation of Refunds

Dec 25, 2024

Sanathan Textiles IPO Listing Date

Dec 26, 2024

Sanathan Textiles IPO Subscription Details (times)

DateQIBNIIRetailTotal

Day 1Dec 18, 2024

 0 0.33 0.82 0.48

About Sanathan Textiles IPO

Sanathan Textiles is launching its IPO with a total issue size of ₹550 crore. The offering consists of a fresh issue of 1.25 crore shares worth ₹400 crore and an offer for sale of 0.47 crore shares valued at ₹150 crore.

The IPO opens for subscription today, and closes on December 23, 2024. Allotment details will be finalised on December 24, 2024, with the shares expected to list on BSE and NSE on December 27, 2024.

The price band for the IPO is ₹305 to ₹321 per share. For retail investors, the minimum lot size is 46 shares, requiring a minimum investment of ₹14,766. For small and non-institutional investors (sNII), a minimum of 14 lots (644 shares) is required, totaling ₹2,06,724. For larger non-institutional investors (bNII), a minimum of 68 lots (3,128 shares) must be purchased, amounting to ₹10,04,088.

Dam Capital Advisors Ltd (formerly IDFC Securities Ltd) and ICICI Securities Limited are the book running lead managers, while Kfin Technologies Limited serves as the registrar for the issue.

Industry Outlook

  1. The global textile market is expected to grow at a 2.5-3.5% CAGR between CY2023 and CY2027. Cotton, expected to maintain a 38-40% market share by CY2027, remains the largest contributor to the textile industry.
  2. India ranked among the top 10 apparel exporters globally in CY2023, with a 3% share of the global market. This positions Sanathan Textiles Limited well to tap into the growing global demand for Indian textiles.

Sanathan Textiles IPO Objectives 

The company will use the proceeds of the issue for the following objects:

  • The funds will be used to repay borrowings and reduce financial liabilities of the company.
  • Funds will also be used for investment in Sanathan Polycot Private Limited.
  • The remaining funds will be utilised for general corporate purposes.

About Sanathan Textiles Limited 

Sanathan Textiles Limited is one of the few companies in India with a diversified presence in polyester, cotton, and technical textiles. These sectors serve various end-use industries, including automotive, healthcare, construction, and sports. As of Fiscal 2024, the company held a market share of 1.7% in the Indian textile yarn industry, according to a CRISIL report.

The company manufactures a broad portfolio of more than 3,200 active yarn varieties and boasts a capability to produce over 14,000 types of yarn products, serving more than 45,000 SKUs. The focus on value-added products like dope dyed, superfine, and specialty yarn sets Sanathan Textiles apart in the market.

Its manufacturing facility in Silvassa has an installed capacity of 2,23,750 MTPA across its 3 yarn verticals. Polyester yarn products remain the primary production line, with the company using purified terephthalic acid (PTA) and mono ethylene glycol (MEG) to produce polyester chips and convert them into yarn.

How To Check the Allotment Status of the Sanathan Textiles IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for a Sanathan Textiles IPO online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Sanathan Textiles IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Sanathan Textiles Limited 

Registered office: SRV NO. 187/4/1/2,  Near Surangi Bridge,  Surangi,  Dadra  & Nagar Haveli, Silvassa -396230, India

Phone: +91  22 6634 3312/3/4/5/6

E-mail: investors@sanathan.com

Sanathan Textiles IPO Reservation

Investor Category

Shares Offered

Anchor Investor Shares Offered

51,40,186 (30%)

QIB Shares Offered

34,26,791 (20%)

NII (HNI) Shares Offered

25,70,093 (15%)

  bNII > ₹10L

17,13,396 (10%)

  sNII < ₹10L

8,56,698 (5%)

Retail Shares Offered

59,96,885 (35%)

Total Shares Offered

1,71,33,956 (100%)

 

Sanathan Textiles IPO Lot Size Details

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 Promoter Holding

The company's Promoters are Nimbus Trust, D&G Family Trust, A&J Family Trust, P&B Family Trust, Paresh Vrajlal Dattani, Ajay Vallabhdas Dattani, Anilkumar Vrajdas Dattani and Dinesh Vrajdas Dattani.

Share Holding Pre Issue

100.00%

Share Holding Post Issue

-

 

Key Performance Indicators for Sanathan Textiles IPO

As of March 31, 2024, the KPIs of Sanathan Textiles:

KPI

Values

ROE

11.09%

ROCE

11.80%

RoNW

10.42%

Price to Book Value

1.81

 

Price Metrics

Metric

Pre-IPO

Post-IPO

EPS (x)

18.60

23.73

P/E (₹)

17.25

13.53

 

Sanathan Textiles IPO Prospectus

Sanathan Textiles IPO Registrar and Lead Managers

Sanathan Textiles IPO Lead Managers

  • Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
  • ICICI Securities Limited

Registrar for Sanathan Textiles IPO

 Kfin Technologies Limited 

  • Contact Number: 04067162222, 04079611000

Website: Sanathan Textiles IPO Registrar

Financial Performance of Sanathan Textiles Limited

Particulars Year ending on March 31, 2023 Year ending on March 31, 2022 Year ending on March 31, 2022
Revenue from Operation (in ₹ million) 29,575.04 33,292.13 31,853.20
Profit After Tax (PAT) (in ₹ million) 1,338.48 1,527.41 3,554.42
Total Borrowings (in ₹ million) 3,798.82 2,810.02 3,781.90
Net Worth (in ₹ million) 12,739.82 11,401.34 9,873.93
Return on Net Worth (%) 10.42 13.40 36.03
EBITDA (in ₹ million) 2,265.81 2,595.30 5,376.12
Earning Per Share (EPS)-in absolute ₹ 18.60 21.24 49.40

Know before investing

Strengths

8

  1. Diverse product range with over 14,000 yarn varieties and 1,90,000 SKUs.

  2. Presence across polyester, cotton, and technical textile sectors under one entity.

  3. Fully integrated manufacturing plant strategically located in Silvassa, Gujarat.

  4. Strong relationships with leading consumer brands like Welspun and Siyaram.

  5. Indian textile industry to grow at 6.0-7.0% CAGR till 2028.

  6. Continuous product innovation using advanced infrastructure and in-house R&D team.

  7. Robust financial performance with ₹29,575.04 million revenue in Fiscal 2024.

  8. Harnessing digitisation and sustainable practices to improve production efficiency.

Risks

8

  1. Lack of long-term agreements for raw materials may impact procurement stability.

  2. The majority of raw materials depend on key suppliers, risking supply continuity.

  3. Inventory turnover cycle increased to 69 days in Fiscal 2024.

  4. Distributors contributed 96.55% of revenue in June 2024, creating dependency.

  5. Revenue fell by 11.17%, and PAT dropped by 12.37% in Fiscal 2024.

  6. High working capital needs may disrupt operations without sufficient funding.

  7. Proposed capacity expansion may not match anticipated demand growth.

  8. Heavy reliance on Gujarat, Maharashtra, and Punjab markets risks regional exposure.

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Peer Comparison of Sanathan Textiles Limited

Company Name Face Value (₹ Per Share) Revenue for Fiscal 2024(in ₹ million) EPS-Basic (₹) RONW (%)
Sanathan Textiles Limited 10 29,575.04 18.60 10.42%
K.P.R. Mill Limited 1 60,596.80 23.56 18.48%
Vardhman Textiles Limited 2 95,046.80 22.20 7.00%
Indo Count Industries Limited 2 35,570.69 17.06 16.35%
Filatex India Limited 1 42,859.00 2.49 9.19%
Garware Technical Fibres Limited 10 13,256.11 102.16 16.87%

Sanathan Textiles IPO FAQs

What is the Sanathan Textiles IPO?

Sanathan Textiles IPO is a book-built issue IPO. It will be open from December 19, 2024, to December 23, 2024.

When will the Sanathan Textiles IPO be allotted?

The Basis of Allotment will happen on Tuesday, December 24, 2024.

When will Sanathan Textiles IPO open for subscription?

The Sanathan Textiles IPO subscription window will open on December 19, 2024.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 46 shares.

When will Sanathan Textiles Limited list on exchanges?

The listing date for Sanathan Textiles Limited is Friday, December 27, 2024.

What is the issue size of the Sanathan Textiles IPO?

The issue size of the Sanathan Textiles IPO is up to ₹550.00 crore, with a fresh issue of ₹400.00 crore and an offer for sale of ₹150.00 crore.

What are the open and close dates of the Sanathan Textiles IPO?

The open and close dates for Sanathan Textiles IPO are from December 19, 2024, to December 23, 2024.

What would be the listing gains on the Sanathan Textiles IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

How to increase your chances of getting a Sanathan Textiles IPO allotment?

  1. Multiple Submissions: Use different Demat accounts to make multiple applications.
  2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.

3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for the Sanathan Textiles IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Sanathan Textiles Limited using one PAN?

You can submit only one application using your PAN card.

How to read Sanathan Textiles Limited's financial statements?

To read Sanathan Textiles’s financial statements, download the IPO’s  RHP document.

What is 'pre-apply' for the Sanathan Textile IPO?

Pre-apply allows investors to apply for the  Sanathan Textiles  IPO two days before the subscription period opens, ensuring an early submission of your application.

If I pre-apply for the Sanathan Textiles Limited IPO, when will my order get placed?

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.

When will I know if my Sanathan Textiles IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts.

Who is the registrar of Sanathan Textiles IPO?

Kfin Technologies Limited is the registrar responsible for managing the IPO allotment process and handling investor queries.

Where is the Sanathan Textiles IPO getting listed?

The Sanathan Textiles Limited IPO is proposed to be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).