Sanathan Textiles IPO subscribed overall 36.9 times on the last day, while A retail quota was subscribed 9.31 times, QIB was subscribed 79.59 times, and NII quota subscribed by 44.39 times respectively.
Details About Sanathan Textiles IPO
Sanathan Textiles got approval from SEBI for an IPO of ₹550 crores to raise funds and maintain financial stability. The face value of each share was Rs 10 each. Moreover, the company has set up a price band between ₹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 size. S-HNI (Min) has a total of 644 shares in 14 lot sizes, while B-HNI Minimum has a total of 3,128 shares available in 68 lot sizes.
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 HNI (S-HNI): Minimum investment of ₹10,04,088.
Subscription duration of Sanathan Textiles IPO
The Sanathan Textiles IPO subscription opening date was 19 December and the close date was 23 December. The Sanathan Textiles IPO allotment was finalized on December 24 and the IPO listing is on December 27.
Funds Deployment of This Company
The company plans to use the money raised from the new shares for the following purposes:
- The company decided to use the raised funds for Repayment and/ or pre-payment, in full or part, of certain borrowings availed by our Company.
- The remaining funds will be used for 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.
- At last, the remaining funds will be used to complete the General corporate purposes.
About Sanathan Textiles IPO
Founded in 2017, Sanathan Textiles Operates is in the business of manufacturing and supplying polyester yarns, cotton yarns, and yarns for technical textiles being one of the few companies in India that provides 3 different types of yarn production that are managed under a single company. They offer different types of yarn that are used by various customers across different sectors and industries. Sanathan Textiles is the master of providing more than 2800 varieties of yarn products as well as having more than 30,000 stock-keeping units as of June 30, 2024. They are under the impression of manufacturing more than 14000 varieties of yarn products. 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 Financial Background
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.
