About Sanathan Textiles:
The company is involved in the manufacturing of textile yarn, which is segmented into three distinct business verticals: (a) Polyester yarn products, (b) Cotton yarn products, and (c) Yarns for technical textiles and industrial applications. These products are produced at the company’s facility in Silvassa. Currently, all three yarn verticals operate under a single corporate entity, enabling the company to diversify into new segments and serve a broad customer base across various industries.
About the Industry in which Sanathan Textiles operates:
The global textile industry experienced consistent growth from CY2018 to CY2023, except for CY2020, when a decline occurred due to Covid-19. The industry is projected to grow at a CAGR of 2.5% to 3.5% from CY2023 to CY2027, reaching an estimated USD 1,780-1,830 billion by CY2027. The Indian textile and apparel industry, valued at Rs. 9,450-9,550 billion in Fiscal 2024, is expected to grow to Rs. 12,500-12,700 billion. Additionally, man-made textiles, which held the second-largest market share from CY2018 to CY2023, are anticipated to maintain a similar position in CY2027.
| Important Information and Timelines of the IPO of Sanathan Textiles: | |
|---|---|
| Open Date | 19 December 2024 |
| Close Date | 23 December 2024 |
| Total Issue Size – Number of Shares | 17133958 |
| Minimum Bid Price | 305 |
| Maximum Bid Price | 321 |
| Lot Size | 46 |
| Basis of Allotment | 24 December 2024 |
| Initiation of Refunds and Credit of Shares to Demat | 26 December 2024 |
| Listing Date | 27 December 2024 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of Sanathan Textiles:
| Category | Lots | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail – Minimum | 1 | 46 | 14766 |
| Retail – Maximum | 13 | 598 | 191958 |
| sHNI – Minimum | 14 | 644 | 206724 |
| sHNI – Maximum | 67 | 3082 | 989322 |
| bHNI – Minimum | 68 | 3128 | 1004088 |
Objective of the IPO of Sanathan Textiles:
-
Repayment or pre-payment, in full or in part, of certain of our outstanding borrowings availed by our Company
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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
Financials of Sanathan Textiles:
| Particulars | As at and for Quarter ended 30 June 2024 | Fiscal 2024 | Fiscal 2023 | Fiscal 2022 |
|---|---|---|---|---|
| Equity Share Capital | 719.43 | 719.43 | 719.43 | 719.43 |
| Net Worth | 13,240.55 | 12,739.82 | 11,401.34 | 9,873.93 |
| Revenue from Operations | 7,811.28 | 29,575.04 | 33,292.13 | 31,853.20 |
| Profit/(Loss) for the Year/Period | 500.73 | 1,338.48 | 1,527.41 | 3,554.42 |
| Earnings per Equity Share - Basic | 6.96 | 18.60 | 21.24 | 49.40 |
| Earnings per Equity Share - Diluted | 6.96 | 18.60 | 21.24 | 49.40 |
| Net Asset Value per Equity Share | 184.16 | 177.22 | 158.47 | 137.14 |
| Total Borrowings | 6,449.27 | 3,798.82 | 2,810.02 | 3,781.90 |
| PAT Margin | 6.41% | 4.53% | 4.59% | 11.16% |
For more details on the IPO, refer to the DRHP here.
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for Sanathan Textiles. You will receive a UPI mandate after 10:00 AM on 19 December 2024.
###1. How to apply for the IPO of Sanathan Textiles on Dhan?
You can apply for the IPO of Sanathan Textiles from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of Sanathan Textiles be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 26 December 2024. However, you will be able to see the shares of Sanathan Textiles on Dhan before the market starts on the listing date which is 27 December 2024.