The Exciting World of Sanathan Textiles IPO Allotment
Strong Demand for Sanathan Textiles IPO
Sanathan Textiles IPO Allotment – Hey there, middle schoolers! So, there’s this thing called an initial public offering (IPO) by Sanathan Textiles, and it’s been getting a lot of attention. The IPO closed for subscription on December 23, and guess what? It was oversubscribed by 35.12 times! That means there were way more people wanting to buy shares than there were shares available. The price range for the shares was between Rs 305-321, and you had to buy at least 46 shares at a time.
Who Wanted Sanathan Textiles IPO Allotment?
During the subscription period, Sanathan Textiles got bids for 44.33 crore shares, but they only had 1.26 crore shares to give out. Institutional investors, like big companies and banks, wanted the most shares. They subscribed 75.62 times their quota! Non-Institutional Investors, which are smaller investors, bid 42.21 times their allocation. Even regular people like you and me, known as retail investors, subscribed 8.93 times their share. Everyone wanted a piece of the action!
How to Check Sanathan Textiles IPO Allotment
If you were one of the lucky ones who got to participate in the IPO, you can check if you were allotted shares once the finalisation process is done. You can do this on the official websites of the BSE, NSE, or Kfin Technologies, the registrar for the IPO. Or you can use these direct links:
Check Sanathan Textiles IPO allotment status on BSE: Click here
Check Sanathan Textiles IPO allotment status on Kfin Technologies: Click here
Check Sanathan Textiles IPO allotment status on NSE: Click here
What’s Happening Next?
The shares of Sanathan Textiles are set to list on the BSE and NSE on December 27, 2024. In the unofficial markets, the shares are trading at Rs 453 each, which is a premium of Rs 170 or 60.07% over the IPO price. Analysts think the stock will debut around Rs 453, which is pretty cool. But remember, these predictions are just guesses and may not be accurate.
About Sanathan Textiles
Sanathan Textiles is a big player in the textile industry, making all kinds of fabrics like polyester, cotton, and technical textiles. Their products are used in industries like cars, healthcare, construction, sports, and protective clothing. They focus on making high-quality products, which has made them a leader in the industry.