Sanathan Textiles subscription started on Wednesday, December 19, 2024, and will close on December 23, 2024, as per the schedule. The price band is set at ₹305 to ₹321 per share with a face value of ₹10.
Sanathan Textiles IPO Subscription Status
Sanathan Textiles Subscribed over 0.48x on its first day till 5.00 PM on 19th December.
- Sanathan Textiles IPO subscription QIB investors portion is 0 times, while NII subscribed 0.33 times and RII investors subscribed 0.81 times.
- The company has received bids for 57,29,162 shares against 1,19,93,770 shares on offer on the first day of subscription.
- Sanathan Textiles IPO Subscribed over 0.48x on its first day.
About Sanathan Textiles Company
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 that 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 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.
Sanathan Textiles IPO GMP:
Sanathan Textiles IPO GMP was ₹30 as of Thursday, December 19th. That indicates the IPO is trading at ₹351 with ₹30 premium in the grey market against the issue price of ₹321.
