Sanathan Textiles IPO Date, Review, Price, Allotment Details

Sanathan Textiles IPO Details

Sanathan Textiles IPO Market Lot

The Sanathan Textiles IPO minimum market lot is 46 shares with ₹14,766 application amount. The retail investors can apply up-to 13 lots with 598 shares or ₹1,91,958 amount.

Sanathan Textiles IPO Dates

The Sanathan Textiles IPO date is December 19, 2024 and the close date is December 23, 2024. The Sanathan Textiles IPO allotment will be finalized on December 24, 2024 and the IPO listing on December 27, 2024.

Promoters of Sanathan Textiles IPO

The promoters of the company are 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.

About Sanathan Textiles IPO

Sanathan Textiles, incorporated in 2017, is one of the few companies in India to manufacture and supply polyester yarns, cotton yarns, and yarn for technical textiles. They offer 3 different types of yarn verticals managed under a single company. Offering different types of yarn that are used by various customers across different sectors and industries. Still June 30, 2024, they have more than 2800 varieties of yarn products as well as more than 30,000 stock-keeping units.

The company has the capability of manufacturing more than 14000 varieties of yarn products which can be used by various end users. Unlike other companies, 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 Company Financial Report

The company reported revenue of ₹2,979.8 crores in 2024 against ₹3,345.02 crore in 2023. The company reported Profit of ₹133.85 crores in 2024 against Profit of ₹152.74 crores in 2023.

Amount ₹ in Crores

Sanathan Textiles IPO Valuation – FY2024

Check Sanathan Textiles IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group Comparison

Objects of the Issue

• Repayment and/ or pre-payment, in full or part, of certain borrowings availed by our 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 IPO Review

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Sanathan Textiles IPO Registrar

KFin Technologies Limited
Phone: +91 40 6716 2222
E-mail: [email protected]
Website: https://ris.kfintech.com/

IPO Lead Managers aka Merchant Bankers

• DAM Capital Advisors Ltd.

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: [email protected]
Website: www.sanathan.com

Sanathan Textiles IPO FAQs