The Sanathan Textiles IPO is scheduled to open on December 19, 2024, and will close on December 23, 2024. This IPO is a Book Built Issue, with the company aiming to raise approximately ₹550 crores. This includes a fresh issue of ₹400 crores and an offer for sale of up to ₹150 crores, with equity shares having a face value of ₹10 each.
The price band for the Sanathan Textiles IPO is set at ₹305 to ₹321 per share. The allocation for retail investors is 35%, for Qualified Institutional Buyers (QIB) it is 50%, and for High Net Worth Individuals (HNI) it is 15%. The IPO is expected to be listed on both the BSE and NSE on December 27, 2024, with the allotment date set for December 24, 2024.
In terms of financial performance, the company reported revenue of ₹2,979.8 crores in 2024, compared to ₹3,345.02 crores in 2023. Similarly, the company’s profit was ₹133.85 crores in 2024, down from ₹152.74 crores in 2023. Based on these financials, potential IPO investors are advised to consider a long-term investment approach.
Sanathan Textiles IPO Details
| IPO Open Date: | December 19, 2024 |
| IPO Close Date: | December 23, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹305 to ₹321 Per Share |
| Issue Size: | Approx ₹550 Crores |
| Fresh Issue: | Approx ₹400 Crores |
| Offer for Sale: | Approx ₹150 Crores, 46,72,898 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Sanathan Textiles IPO Market Lot
The Sanathan Textiles IPO has a minimum market lot of 46 shares, requiring an application amount of ₹14,766. Retail investors have the opportunity to apply for up to 13 lots, totaling 598 shares or ₹1,91,958 in amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 46 | ₹14,766 |
| Retail Maximum | 13 | 598 | ₹1,91,958 |
| S-HNI Minimum | 14 | 644 | ₹2,06,724 |
| B-HNI Minimum | 68 | 3,128 | ₹10,04,088 |
Sanathan Textiles IPO Dates
The Sanathan Textiles IPO date is December 19, 2024 and the close date is December 23, 2024. The Sanathan Textiles IPO allotment will be finalized on December 24, 2024 and the IPO listing on December 27, 2024.
| IPO Open Date: | December 19, 2024 |
| IPO Close Date: | December 23, 2024 |
| Basis of Allotment: | December 24, 2024 |
| Refunds: | December 26, 2024 |
| Credit to Demat Account: | December 26, 2024 |
| IPO Listing Date: | December 27, 2024 |
Promoters of Sanathan Textiles IPO
The promoters of the company are 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.
About Sanathan Textiles IPO
Sanathan Textiles, established in 2017, stands out as a leading company in India specializing in the manufacturing and supply of polyester yarns, cotton yarns, and yarn for technical textiles. With three distinct yarn verticals managed under one roof, Sanathan Textiles caters to a diverse range of customers across various sectors and industries.
As of June 30, 2024, Sanathan Textiles boasts an impressive portfolio of over 2800 varieties of yarn products and more than 30,000 stock-keeping units. The company’s manufacturing capabilities extend to producing over 14,000 different types of yarn products, tailored to meet the needs of a wide range of end-users.
Setting itself apart from competitors, Sanathan Textiles prides itself on offering standardized high-value products, including dope dyed, superfine/micro, functional, industrial, and technical yarn, cationic dyeable, and specialty yarn. These products are the result of extensive research and development, with a focus on meeting customer requirements and providing unique qualities not found in other products.
In the fiscal year of 2024, Sanathan Textiles achieved a significant milestone by earning 29,575.04 million, representing 100.00% of the total revenue from operations. This success underscores the company’s commitment to excellence and innovation in the textile industry.
Sanathan Textiles IPO Company Financial Report
The company reported revenue of ₹2,979.8 crores in 2024 against ₹3,345.02 crore in 2023 that clearly shows impact in revenue. The company reported a dip in Profit as well, ₹133.85 crores in 2024 against Profit of ₹152.74 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹3,201.46 | ₹2,722.34 | ₹355.44 | ₹1,796.47 |
| 2023 | ₹3,345.02 | ₹3,135.59 | ₹152.74 | ₹1,906.67 |
| 2024 | ₹2,979.8 | ₹2,798.40 | ₹133.85 | ₹2,203.68 |
| June 2024 | ₹787.76 | ₹720.99 | ₹50.07 | ₹2,529.53 |
Sanathan Textiles IPO Valuation – FY2024
Check Sanathan Textiles IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 11.09% |
| ROCE: | 11.80% |
| EBITDA Margin: | 7.66% |
| PAT Margin: | -% |
| Debt to equity ratio: | 0.30 |
| Earning Per Share (EPS): | ₹18.60 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 10.42% |
| Net Asset Value (NAV): | ₹177.22 |
Peer Group Comparison
Lets look at some of the peer comparisons of Santhan textiles.
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| K.P.R. Mill Ltd | 23.56 | 40.18 | 18.48 | 127.50 | 6,059.68 Cr. |
| Vardhman Textiles Ltd. | 22.20 | 23.34 | 7.00 | 314.69 | 9,504.68 Cr. |
| Indo Count Industries Ltd | 17.06 | 22.49 | 16.35 | 105.48 | 3,557.07 Cr. |
| Filatex India Ltd | 2.49 | 25.00 | 9.19 | 27.13 | 4,285.90 Cr. |
| Garware Technical Fibres Ltd. | 102.16 | 35.38 | 16.87 | 621.49 | 1,325.61 Cr. |
Objects of the Issue
Repayment or prepayment, in full or in part, of specific borrowings obtained by our company;
Investment in our subsidiary, Sanathan Polycot Private Limited, for repayment or prepayment, in full or in part, of specific borrowings obtained by our subsidiary, Sanathan Polycot Private Limited; and for general corporate purposes.
Company will be utilizing funds for the repayment or prepayment of certain borrowings, as well as investing in our subsidiary, Sanathan Polycot Private Limited, for similar purposes. Additionally, funds will be allocated for general corporate needs.
Stay tuned for more updates and insights on the stock market! For more insights on investing in the Indian stock market, check out resources like Moneycontrol and NSE India.