As an investor, deciding whether to apply for an IPO or not can often be challenging. If you are confused and worried about whether Sanathan Textiles IPO should be apply or not? Then worry not here we are describing 10 important key points & detailed Sanathan Textiles IPO review which will help you to make the decision.
1. Sanathan Textiles IPO Open and closing date?
Sanathan Textiles IPO opening date is December 19, 2024, and the closing date is December 23, 2024.
2. What is the size of the Sanathan Textiles IPO?
The company Sanathan Textiles decided to raise around ₹550 crores via IPO This IPO is a combination of a fresh issue of ₹400 crores and an offer for sale with up to ₹150 crores equity shares face value of ₹10 each.
3. What are the subscription details of the Sanathan Textiles IPO?
The price band for the Sanathan Textiles IPO is ₹305 to ₹321 per share. In this IPO total of 46 shares were available in 1 lot size for the minimum Retail category and for the maximum retail category, 598 shares in 13 lot sizes were available. For S-HNI Minimum category 644 shares were available in 14 lot sizes. While for the B-HNI Minimum category 3,128 shares were available in 68 lot size.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,766 and maximum investment of ₹1,91,958.
- Small HNI (S-HNI): Minimum investment of ₹2,06,724.
- Big HSI (S-HNI): A minimum investment of ₹10,04,088 is required.
4. What is the Sanathan Textiles IPO listing Date?
Sanathan Textiles is a Mainboard IPO whose shares will be listed on 27th December 2024 on the BSE (Bombay Stock Exchange) & NSE (National Stock Exchange).
5. What are the objectives of the Sanathan Textiles IPO Issue?
The Sanathan Textiles IPO aims for 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 use the raised amount for general corporate purposes.
6. About Sanathan Textiles
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.
7. Sanathan Textiles Financials
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.
8. Sanathan Textiles IPO Promoters
The company’s promoters 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.
9. Sanathan Textiles IPO Risk factors
- Pros:
- Sanathan Textiles is one of the few companies in India to manufacture and supply polyester yarns, cotton yarns, and yarn for technical textiles.
- Sanathan Textiles has a yarn manufacturing plant set up in a prime location with equipment. In which the equipment is used by companies in India and all around the world.
- Sanathan Textiles has a deep knowledge and understanding of its products and a strong network of suppliers. Which helps them buy materials as affordable prices, making it one of the leading manufacturers in India.
- Cons:
- The company, its promoters, subsidiaries, and directors are involved in various legal cases, if all these cases go against the company they affect the company’s growth, financials, and cash flow.
- The company’s trademarks such as ‘Sanathan’ and ‘BORNDYED’ are not officially registered by the company. If they are unable to protect this trademark may impact the company’s financial health and growth.
10. Who are the Sanathan Textiles IPO lead managers and registrar?
Sanathan Textiles Limited is the lead manager of Sanathan Textiles while KFin Technologies Limited is the registrar of the company.
