IPO Details
Bidding Dates
19 Dec 24 - 23 Dec 24
Price Range ₹
305 - 321
Total Equity
₹ 405.20Cr
Lot Size
46
Exchange Status
BSE,NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
8.93×
Qualified Institutional Buyers
75.62×
Employees
0.00×
Retail Investors
8.93×
Total subscription Rate
35.12×
IPO Timeline
Offer start
19 Dec 2024
Offer end
23 Dec 2024
Allotment
24 Dec 2024
Refund initiation
26 Dec 2024
Demat transfer
26 Dec 2024
Listing
27 Dec 2024
Offer start
19 Dec 2024
Offer end
23 Dec 2024
Allotment
24 Dec 2024
Refund initiation
26 Dec 2024
Demat transfer
26 Dec 2024
Listing
27 Dec 2024
About Company
Incorporated in 2005, Sanathan Textiles Limited is a prominent player in the textile industry, specializing in the manufacture of polyester and cotton yarns. The company caters to a diverse range of applications, including apparel, home furnishings, and technical textiles. With a comprehensive product portfolio exceeding 14,000 varieties and over 45,000 SKUs, Sanathan Textiles caters to a wide clientele, including renowned names like Welspun India, Valson Industries, and Premco Global. The company boasts a strong international presence with exports to over 29 countries and a wide distribution network spanning across 7 countries, including India, Argentina, and Germany. This robust foundation, coupled with a focus on quality and innovation, positions Sanathan Textiles for continued growth and success in the dynamic textile industry.
Year Founded
10-10-2005
Promotor Details
Paresh Vrajlal Dattani
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 96.96 | 77.54 |
| Share Capital | 69755350 | 65445008 |
Offer to Public
1,26,22,950.00 Cr
Project Details
- General corporate purposes - 709.52cr
- Repayment or pre-payment, in full or in part, of certain of our outstanding borrowings availed by - 1600cr
- Investment in our subsidiary viz. Sanathan Polycot Private Limited, for repayment and/ or pre-paymen - 1400cr
Objectives
- 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.General corporate purposes.
Highlights
- Expertise in polyester, cotton, and technical yarns, catering to a wide range of industry needs.
- Strong focus on premium offerings, including dope-dyed, functional, and specialty yarns, enhancing market competitiveness.
- Integrated and automated manufacturing processes at ISO and OEKO-TEX-certified facilities in Silvassa, ensuring consistent quality and efficiency.
- Upcoming facility in Punjab poised to significantly increase polyester yarn production capacity.
- Efficient sourcing and strong supplier relationships ensure cost optimization and reliable raw material supply.
Challenges
- Exposure to currency fluctuations, geopolitical uncertainties, and import restrictions can affect profitability and export competitiveness.
- Delays or defaults in customer payments can disrupt cash flow and affect financial stability.
- Significant capital needs may lead to liquidity issues and reliance on external funding.
- Difficulties in accurate demand forecasting and inventory management can impact operational efficiency.
- Dependence on spot market purchases increases vulnerability to price volatility.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2022 | 17,964.72 | 719.43 | 1,527.41 | 1,527.41 | 21.2308 |
| 2023 | 19,066.68 | 719.43 | 3,554.42 | 3,554.42 | 49.4061 |
| 2024 | 22,036.82 | 719.43 | 1,338.48 | 1,338.48 | 18.6047 |
