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TCS, HDFCBANK, SBI Liquid Fund (G)
Sanathan Textiles Ltd.

SANATHAN

Equity

NSE,BSE

Min. Investment

3,05,000.00

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IPO Details

Bidding Dates

19 Dec 24 - 23 Dec 24

Price Range ₹

305 - 321

Total Equity

405.20Cr

Lot Size

46

Exchange Status

NSE,BSE

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

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

ParticularPre-IPOPost-IPO
Percentage96.9677.54
Share Capital6975535065445008

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

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
202217,964.72719.431,527.411,527.4121.2308
202319,066.68719.431,527.411,527.4121.2308
202422,036.82719.431,527.411,527.4121.2308
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