IPO Details
Bidding Dates
To be announced
Minimum Investment
To be announced
Price Range
To be announced
Maximum Investment
To be announced
Retail Discount
To be announced
Issue Size
Up to [●] Equity Shares, aggregating up to ₹8,000.00 million
Investor category and sub category
RIIs | NIIs | QIBs | Eligible employees |About Sanathan Textiles Limited
Sanathan Textiles Limited, a distinguished Indian company, stands out in the textile industry with its presence in the polyester, cotton, and technical textile sectors.
As of December 31, 2023, the company boasts over 2,800 active yarn varieties produced in the last nine months and more than 30,000 stock-keeping units. Its diverse portfolio includes over 14,000 yarn types and 190,000 SKUs for various applications.
The company's strength lies in its high share of value-added products like dope dyed, superfine/micro, functional, industrial, and specialty yarns developed through extensive in-house research. In recent financial periods, value-added products constituted nearly half of its sales, demonstrating a robust demand for these premium offerings.
Sanathan Textiles operates from its facility in Silvassa, with a total installed capacity of 223,750 MTPA across its three yarn verticals. Polyester yarn products remain its primary production focus. The company uses purified terephthalic acid and monoethylene glycol to produce polyester chips, which are then processed into yarn.
With the Indian textile and apparel industry projected to grow significantly, Sanathan Textiles is poised to capitalise on this trend, supported by its extensive network, diverse customer base, and experienced management.
Industry Outlook:
- India's textile industry contributes 2.3% to GDP and 12% to exports, with cotton and jute production leading globally. Exports are projected to hit $65B by FY26.
- Employing 45 million directly and 100 million in related sectors, India ranks as the world's second-largest PPE manufacturer, with a market forecast of $92.5B by 2025.
Sanathan Textiles Limited IPO Details
Sanathan Textiles Limited IPO Dates
The exact dates are yet to be announced.
Sanathan Textiles Limited IPO Price Band
The exact price range is yet to be announced.
Sanathan Textiles Limited IPO Lot Size
The exact lot size is yet to be announced.
Sanathan Textiles Limited IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company;
- Investment in the company’s subsidiary, viz. Sanathan Polycot Private Limited for funding its long-term working capital requirements and
- General corporate purposes
Peer Details
The companies considered by Sanathan Textiles as its peers include:
- K.P.R. Mill Ltd
- Vardhman Textiles Ltd
- Indo Count Industries Ltd
- Filatex India Ltd
- Garware Technical Fibres Ltd
How to Check the Allotment Status of the Sanathan Textiles Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the individual order details page of the IPO that you had applied for.
- Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.
Contact Details of Sanathan Textiles Limited IPO
- Registered office: SRV NO. 187/4/1/2, Near Surangi Bridge, Surangi, Dadra & Nagar Haveli, Silvassa - 396230, India
- Phone: +91 22 66343312/3/4/5/6
- E-mail:investors@sanathan.com
IPO Financials
| Particulars | For the 9-month period Ended on December 30, 2023 | Year ending on March 31, 2023 | Year ending on March 31, 2022 | Year ending on March 31, 2022 |
|---|---|---|---|---|
| Revenue from Operations (in ₹ million) | 22,013.69 | 33,292.13 | 31,853.20 | 19,183.55 |
| Profit After Tax (PAT) (in ₹ million) | 815.86 | 1,527.41 | 3,554.42 | 1,856.31 |
| Cash & Cash Equivalents (in ₹ million) | 109.91 | 90.20 | 79.28 | 265.31 |
| Net Worth (in ₹ million) | 12,217.20 | 11,401.34 | 9,873.93 | 6,322.04 |
| Debt to Equity Ratio(x) | 0.25 | 0.25 | 0.38 | 0.86 |
| Return on Equity (%) | 9.21% | 14.36% | 43.95% | 34.53% |
| Return on Capital Employed (RoCE) (%) | 10.57% | 15.54% | 35.83% | 24.71% |
| Earning Per Share (EPS)-in absolute ₹ | 11.34 | 21.24 | 49.40 | 25.80 |
Know before investing
Strengths
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Sanathan Textiles Limited produces over 14,000 yarn varieties and 192,640 SKUs across polyester, cotton, and technical textile sectors, highlighting its diverse product range.
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The company maintains robust sales of value-added products, with 48.5% of its total products sold in the 9 months ending December 31, 2023, being premium yarns.
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Sanathan Textiles operates an advanced facility in Silvassa with a capacity of 223,750 MTPA, certified by ISO 9001:2015, ISO 14001, and ISO 45001.
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They have longstanding relationships with leading brands like Welspun India and Siyaram Silk Mills, serving 2,588 customers and working with 902 distributors in 7 countries.
Risks
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Sanathan Textiles lacks long-term agreements with most customers, risking order cancellations and fluctuations in demand that could impact business and financial stability.
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Dependence on the Silvassa production facility, with a significant disruption risk due to operational challenges or natural disasters, could severely affect operations and outcomes.
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The absence of contractual exclusivity with customers means they can terminate relationships without notice, potentially causing significant sales variability and operational challenges.
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Internal financial controls have shown weaknesses in past audits, particularly in payment recording and purchase and revenue recognition, risking material misstatements and affecting reliability.
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Sanathan Textiles IPO FAQs
Sanathan Textiles IPO is a book-built IPO. The exact dates and price range are yet to be announced.
The exact dates and price range are yet to be announced.
The IPO subscription window is not announced yet.
Retail investors can apply for a minimum of one lot. However, the lot size has not been announced yet.
The exact date is not announced yet.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the individual order details page of the IPO that you had applied for.
- Check the IPO allotment status as such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The exact date is not announced yet.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
