Sanathan Textiles IPO GMP, Price, Allotment, Profit Estimate 2024

Sanathan Textiles IPO Description – Sanathan Textiles operates in the polyester, cotton, and technical textile sectors in India. By 30 June 2024, Sanathan Textiles will offer more than 2,800 active yarn product varieties and over 30,000 stock-keeping units (SKUs). Their production capacity allows for a broad portfolio of over 14,000 yarn varieties and over 1,90,000 SKUs tailored for various end uses.

The company specializes in premium products, including dope-dyed, superfine/micro, functional, industrial, and technical yarns, as well as cationic dyeable and specialty yarns, all developed through extensive in-house research. Its business is segmented into three categories: Polyester yarn products, Cotton yarn products, and Yarns for technical textiles and industrial applications. The manufacturing facility located in Silvassa has significantly expanded its production capabilities over the years. As of June 30, 2024, it boasts a total installed capacity of 2,23,750 metric tons per annum (MTPA) across three distinct yarn verticals.

Promoters of Sanathan Textiles – Paresh Vrajlal Dattani, Ajay Vallabhdas Dattani, Anilkumar Vrajdas Dattani, Dinesh Vrajdas Dattani, Nimbus Trust, D&G Family Trust, A&J Family Trust and P&B Family Trust

Sanathan Textiles IPO Details

Sanathan Textiles IPO Dates	Coming soon
Sanathan Textiles Issue Price	Coming soon
Fresh issue	INR 500 crore
Offer For Sale	INR 300 crore
Total IPO size	INR 800 crore
Minimum bid (lot size)	Coming soon
Face Value	INR 10 per share
Retail Allocation	35%
Listing On	NSE, BSE

Sanathan Textiles Financial Performance

	FY 2022	FY 2023	FY 2024
Revenue	3,185.32	3,329.21	2,957.50
Expenses	2,722.34	3,135.59	2,798.40
Net income	355.44	152.74	133.85
Margin (%)	11.16	4.59	4.53

Figures in INR Crores unless specified otherwise

Sanathan Textiles Offer News

Sanathan Textiles Valuations & Margins

	FY 2022	FY 2023	FY 2024 (Pre-Issue)	FY 2024 (Post-Issue)*
EPS	49.40	21.24	18.60	18.60
PE Ratio	–	–		–

* Calculated on the basis of annualized Profits After Tax for FY 2024

	FY 2022	FY 2023	FY 2024
RONW (%)	36.03	13.40	10.42
NAV	137.14	158.47	177.22
ROCE (%)	35.83	15.54	11.80
EBITDA (%)	16.88	7.80	7.66
Debt/Equity	0.38	0.25	0.30

*Compiled by IPO Central from Prospectus

Sanathan Textiles IPO GMP Today (Daily Trend)

Sanathan Textiles IPO Objectives

The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:

Repayment or pre-payment, in full or in part, of certain of the outstanding borrowings availed by the company – INR 160 crore
Investment in the subsidiary viz. Sanathan Polycot Private Limited for funding of its long-term working capital requirements – INR 215 crore
General corporate purposes

Sanathan Textiles IPO Subscription – Live Updates

Coming soon

Sanathan Textiles – Comparison With Listed Peers

Company	PE ratio	EPS	RONW (%)	NAV	Revenue (Cr.)
Sanathan Textiles	–	18.60	10.42	177.22	2,957.50
K.P.R. Mill	40.18	23.56	18.48	127.50	6,059.68
Vardhman Textiles	23.34	22.20	7.00	314.69	9,504.68
Indo Count Industries	22.49	17.06	16.35	105.48	3,557.07
Filatex India	25.00	2.49	9.19	27.13	4,285.90
Garware Technical Fibres	35.38	102.16	16.87	621.49	1,325.61

Sanathan Textiles IPO Allotment Status

Sanathan Textiles IPO allotment status will be available on the KFin Tech website. Click on this link to get allotment status.

Sanathan Textiles IPO Dates & Listing Performance

IPO Opening Date	Coming soon
IPO Closing Date	Coming soon
Finalization of Basis of Allotment	Coming soon
Initiation of refunds	Coming soon
Transfer of shares to demat accounts	Coming soon
Sanathan Textiles IPO Listing Date	Coming soon
Opening Price on NSE	Coming soon
Closing Price on NSE	Coming soon

Angel One –
Anand Rathi –
Antique Stock Broking –
Ajcon Global –
Arihant Capital –
Axis Capital –
Ashika Research –
BP Wealth –
Capital Market –
Canara Bank Securities –
Choice Broking –
Dalal & Broacha –
Elara Capital –
Elite Wealth –
GCL Broking –
Geojit –
GEPL Capital –
Hem Securities –
Hensex Securities –
HDFC Securities –
ICICIdirect –
IDBI Capital –
Investmentz –
Indsec Securities –
Jainam Broking –
KR Choksey –
LKP Research –
Marwadi Financial –
Motilal Oswal –
Mehta Equities –
Nirmal Bang –
Reliance Securities –
Sushil Finance –
Samco Securities –
SBI Securities –
SMC Global –
SMIFS –
Systematix Research –
Swastika Investmart –
Ventura Securities –

Sanathan Textiles Offer Lead Manager

DAM CAPITAL ADVISORS LIMITED
One BKC, Tower C, 15th Floor, Unit No.1511,
Bandra Kurla Complex, Bandra (East), Mumbai 400051
Phone: +912242022500
Email: [email protected]
Website: www.damcapital.in

Sanathan Textiles Offer Registrar

KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com

Sanathan Textiles Contact Details

SANATHAN TEXTILES LIMITED
D-15, Trade World Building Kamala Mills Compound,
Senapati Bapat Marg Lower Parel, Mumbai – 400013
Phone: +91 22 6634 3312/3/4/5/6
Email: [email protected]
Website: www.sanathan.com

Sanathan Textiles IPO FAQs

How many shares in Sanathan Textiles IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.

How to apply for a Sanathan Textiles Public Offer?

The best way to apply for Sanathan Textiles public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.