₹ 14766 / 46 shares
IPO Details
RHP/DRHPIssue Date
19 Dec - 23 Dec'24
Investment/lot
₹ 14766
Price Range
305 - 321
Lot Size
46
IPO Size
₹ 550 cr
IPO Listing Details
Listing On
27 Dec'24
Issue Price
321
Listed Price
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Retail Gain/Listing Gain
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IPO Timeline
About Sanathan Textiles IPO
Sanathan Textiles Limited is an IPO of ₹550 crores. The issue consists of a fresh issue of ₹550 crores and an offer for sale of ₹150 crore shares. The IPO opens for subscription on December 19, 2024 and closes on December 23, 2024. The shares will be allotted on Dec 24, 2024 and the Initiation of refunds will take place on Dec 26, 2024.
Objective of the IPO
- 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; and
- General corporate purposes.
Sanathan Textiles IPO Valuation
| Particulars | Details |
|---|---|
Upper Price Band (₹) | ₹305-₹321 |
Existing Shares to be Sold | Up to ₹150 million (Offer for Sale) |
Fresh Issue | Up to ₹4,00 crores |
Market Cap (₹) | ₹2700 crores |
EPS (₹) | 18.60 (FY24) |
Sanathan Textiles IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
Retail (Min) | 1 | 46 | ₹14,766 |
Retail (Max) | 13 | 598 | ₹1,91,958 |
S-HNI (Min) | 14 | 644 | ₹2,06,724 |
S-HNI (Max) | 67 | 3,082 | ₹9,89,322 |
IPO Share offer and Subscription Details
| Investor Category | Shares Offered |
|---|---|
QIB Shares Offered | Not more than 50% of the Offer |
Retail Shares Offered | Not less than 35% of the Offer |
NII (HNI) Shares Offered | Not less than 15% of the Offer |
Comparison with peers
| Name of the company | Revenue for fiscal | EPS (Basic/diluted) | NAV | P/E | RONW |
|---|---|---|---|---|---|
Sanathan Textiles Limited | 29,575.04 | 18.6 | 177.22 | NA | 10.42% |
KPR Mill Limited | 60,596.80 | 23.56 | 127.5 | 39.68 | 18.48% |
Vardhman Textiles Limited | 95.046.80 | 22.2 | 314.69 | 21.19 | 7% |
Indo Count Industries | 35570.69 | 17.06 | 105.48 | 22.75 | 16.35% |
Filatex India Limited | 42,859 | 2.49 | 27.13 | 24.3 | 9.19% |
Garware Technial Fibres Ltd | 13,256.11 | 102.16 | 621.49 | 39.57 | 16.87% |
Anchor Investor Information
IPO Registrar and Book Running Lead Managers
DAM Capital Advisors Limited
ICICI Securities Limited
Registrar for the IPO is Link KFin Technologies Limited
Business Model
Business Model (Revenue Sources) Polyester Yarn: Primary revenue driver. Cotton Yarn: Focused on both domestic and export markets. Technical Textiles: Emerging as a significant vertical.
Growth Trajectory
Revenue decreased from ₹33,292.13 million in FY23 to ₹29,575.04 million in FY24 due to lower average selling prices. PAT declined from ₹1,527.41 million in FY23 to ₹1,338.48 million in FY24.
Market Position
Sanathan Textiles holds a key position in the Indian textile sector, leveraging strong manufacturing capabilities and diversified product offerings. It remains competitive due to its robust supply chain and consistent capacity utilisation exceeding 100%.
Industry Outlook
The Indian textiles and apparel industry is projected to grow at a CAGR of 6.0-7.0%, reaching ₹12,500–₹12,700 billion by FY28. Exports are expected to grow by 4.5-5.5% annually, while domestic sales will expand at 7.0-8.0% CAGR.
Company Information
Sanathan Textiles Limited specialises in manufacturing polyester and cotton yarn, along with industrial and technical textiles. With over a decade of experience, it operates from its facility in Silvassa and has an established client base across multiple sectors.
All Financial Information about Sanathan Textiles
Comprehensive financial data, including revenue, profit/loss statements, EBITDA, and other critical metrics.
Particulars (in Rs. million)
Particulars (in Rs. million)
Key Financial Information about Sanathan Textiles
| Metric | FY22 | FY23 | FY24 |
|---|---|---|---|
Total Income (₹ in million) | 32014 | 33450.19 | 29798.04 |
PBT (₹ in million) | 4791.22 | 2094.32 | 1814.08 |
PAT (₹ in million) | 3554.42 | 1527.41 | 1338.48 |
EPS (₹) | 18.6 | 21.24 | 49.4 |
EBITDA | 2265.81 | 2595.3 | 5376.12 |
Sanathan Textiles IPO Risk Factors
- Price Volatility: Dependency on raw material prices impacts profitability.
- Geographical Concentration: Over 60% revenue from Gujarat, Maharashtra, and Punjab.
- Regulatory Challenges: Compliance issues may pose operational risks.
Sanathan Textiles IPO Strengths:
Price Volatility
Dependency on raw material prices impacts profitability
Geographical Concentration
Over 60% revenue from Gujarat, Maharashtra, and Punjab.
Regulatory Challenges
Compliance issues may pose operational risks.
Cash Flow Statements
| Particulars | FY22 | FY23 | FY24 |
|---|---|---|---|
Profit for the Year (₹ in million) | 3,554.42 | 1,527.41 | 1,338.48 |
Net Cash from Operating Activities | 800 | 750 | 650 |
Net Cash from Investing Activities | -300 | -400 | -500 |
Net Cash from Financing Activities | 500 | 600 | 400 |
Cash & Cash Equivalents (Year-End) | 1,200.00 | 1,450.00 | 1,350.00 |
How To Check Allotment Status of Sanathan Textiles IPO?
You can check the allotment status of shares either on the website of the Bombay Stock Exchange (BSE) or on the website of the registrar — Link In Time India Pvt Ltd. To check the status on the BSE website:
- Visit the BSE website
- Click on “Investor Services” and choose “Application Status Check”
- Choose the issue type — Equity or Debt (Equity in this case)
- Select the Issue Name from the drop-down. The issue name is the company’s name, which is Sanathan Textiles Ltd
- Enter your application number or PAN number
- Check the box which says “I’m not a Robot” and click on “Search” to know the allotment status
Follow these steps to know the allotment status on the registrar’s website:
- Visit the LinkIntime website
- Choose “Public Issues” from the “Investor Services” drop-down
- Select Sanathan Textiles Ltd from the drop-down
- Enter your PAN number or Application number
- Click on “Submit” to know the allotment status
How To Apply for Sanathan Textiles Ltd IPO?
Here are the steps to apply for Sanathan Textiles Ltd IPO:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
Sanathan Textiles IPO FAQs
What is the minimum lot size required for Sanathan Textiles IPO?
The minimum lot size is 46 shares and the investment required is ₹14766.
What is the price band of the Sanathan Textiles IPO?
The price band of Sanathan Textiles IPO is ₹305 to ₹321.
Where can I read more about Sanathan Textiles business?
You can read more about Sanathan Textiles and its IPO from the company’s red herring prospectus (RHP) here.
What is the Sanathan Textiles Limited IPO?
The Sanathan Textiles Limited IPO has an issue size of ₹550 crores. The IPO opens for subscription on 17/12/2024 and closes on 23/12/2024.
Who is the Registrar for Sanathan Textiles Limited IPO?
Link Intime India Private Limited is the registrar for this IPO.
