Sanathan Textiles IPO Date, Review, Price, Allotment Details

Sanathan Textiles is one of the few companies in India with a presence across the polyester, cotton, and technical textile sectors. (Source: CRISIL Report). All three yarn verticals are housed under a single corporate entity. This has facilitated their diversification into new segments which in turn has helped us in serving a large number of customers across various sectors. As of September 30, 2021, they have a diversified product portfolio with the capability to manufacture more than 12,900 varieties of yarn products with more than 100,000 SKUs that are used in various forms and for varied end uses.

Their 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. The revenue mix from the three verticals for the six months ended September 30, 2021, and for Fiscals 2021, 2020 and 2019

Their products are manufactured at their facility at Silvassa. Over the years, the Company has scaled up its production and as of September 30, 2021, it had a total capacity of 221,050 MTPA across the three yarn verticals. We manufacture polyester chips using purified terephthalic acid (“PTA”) and mono ethylene glycol (“MEG”) and convert the chips into polyester yarn through various intermediate processing to impart specific properties to the yarn. (Source: CRISIL Report). They are an environmentally conscious Company, and they encourage the use of renewable resources. As of September 30, 2021, the Company had installed rooftop solar projects at their Silvassa facility with a capacity of 2.3 MW. Further, for Fiscal 2021, 5% of the energy consumed is derived from renewable resources, i.e., the rooftop solar projects at their Silvassa facility.

Objects of the Issue

• Prepayment or scheduled repayment of all, or a portion, of certain outstanding borrowings availed by our Company.
• Funding working capital requirements of our Company.
• General corporate purposes.

Sanathan Textiles IPO Review (Apply or Not)

• To be updated soon

Brokerage Firm IPO Review

• Capital Market: To be updated soon
• Religare Broking: To be updated soon
• Hem Securities: To be updated soon
• Arihant Capital: To be updated soon

Sanathan Textiles IPO Date & Price Band Details

Sanathan Textiles IPO Market Lot

The Sanathan Textiles IPO minimum market lot is [.] shares with ₹[.] application amount. The retail investors can apply up-to 13 lots with [.] shares or ₹[.] amount.

Sanathan Textiles IPO Allotment & Listing Dates

The Sanathan Textiles IPO date is 2024 and the close date is 2024. The Sanathan Textiles IPO allotment will be finalized on 2024 and the IPO listing on 2024.

You can check IPO subscription status and IPO allotment status on their respective pages.

Sanathan Textiles IPO Form

How to apply for the Sanathan Textiles IPO? You can apply for Sanathan Textiles IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Sanathan Textiles IPO in the Invest section. The other option is you can apply for Sanathan Textiles IPO via IPO forms downloaded via NSE and BSE. Check out the Sanathan Textiles forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.

Sanathan Textiles Company Financial Report

Sanathan Textiles IPO Valuation – FY2023

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

• K.P.R. Mill Ltd
• Vardhman Textiles Ltd
• Indo Count Industries Ltd
• Filatex India Ltd
• Garware Technical Fibres Ltd

Company Promoters

• Pareshkumar Dattani
• Ajaykumar Dattani
• Anilkumar Dattani
• Dineshkumar Dattani

Sanathan Textiles IPO Registrar

KFin Technologies Private Limited
Telephone: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com

Sanathan Textiles IPO Allotment Status Check

Check Sanathan Textiles IPO allotment status on KFin Technologies website allotment URL. Click Here

Sanathan Textiles IPO Lead Managers aka Merchant Bankers

• JM Financial Limited
• Edelweiss Financial Services Limited

Company Address

Sanathan Textiles Limited
SRV NO. 187/4/1/2, Near Surangi Bridge
Surangi, Dadra & Nagar Haveli,
Silvassa – 396230, India
Phone : + 91 260 3269197
E-mail: [email protected]
Website: https://www.sanathan.com/

Sanathan Textiles IPO FAQs