Sanathan Textiles Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | December 19, 2024 to December 23, 2024 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 305 to ₹ 321 per share |
| Lot Size | 46 Shares |
| Total Issue Size | 1,71,33,958 shares (aggregating up to ₹ 550.00 Cr) |
| Fresh Issue | 1,24,61,060 shares (aggregating up to ₹ 400.00 Cr) |
| Offer for Sale | 46,72,898 shares of ₹10 (aggregating up to ₹ 150.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 7,19,43,000 shares |
| Shareholding post issue | 8,44,04,060 shares |
About Sanathan Textiles Limited IPO
Incorporated in 2005, Sanathan Textiles Limited is a prominent manufacturer of polyester yarn and a global supplier of cotton yarn. The company's operations are strategically divided into three distinct business verticals: Polyester yarn products, Cotton yarn products, and Yarns for technical textiles and industrial uses. These technical textiles find applications across various sectors, including automotive, healthcare, construction, sports and outdoor activities, and protective clothing, demonstrating the company's versatility and adaptability to market demands.
Product and Market Reach
As of September 30, 2024, Sanathan Textiles Limited boasted an impressive portfolio with more than 3,200 active varieties of yarn products. These products were manufactured between April 1, 2021, and September 30, 2024, and the company maintained over 45,000 stock-keeping units (SKUs), showcasing its extensive product range. Furthermore, Sanathan Textiles has the capacity to manufacture a diversified product portfolio comprising over 14,000 varieties of yarn products and more than 190,000 SKUs for various forms and end uses.
Global Presence and Distribution
The company’s global footprint is evidenced by its export activities. In Fiscal 2024 and Fiscal 2023, Sanathan Textiles Limited exported its products to 14, 27, and 29 countries respectively. By June 30, 2024, the company had established a robust distribution network with over 925 distributors in 7 countries, including India, Argentina, Singapore, Germany, Greece, Canada, and Israel.
Clientele and Manufacturing
Sanathan Textiles' manufacturing unit is located in Silvassa, and it serves a diverse clientele, including multinational, regional, and local companies. Notable clients include Welspun India Limited, Valson Industries Limited, G.M. Fabrics Private Limited, and many more, highlighting the company's strong industry relationships and reputation for delivering quality products.
Concord Enviro IPO Overview:
- Total Issue Size:₹550.00 crores
- Fresh Issue:1.25 crore shares (₹400.00 crores)
- Offer for Sale:0.47 crore shares (₹150.00 crores)
- Price Per Share:₹305 to ₹321 per share
- Subscription Period:December 19, 2024 to December 23, 2024
- Minimum Lot Size:46 shares
- Lead Managers:Dam Capital Advisors Ltd (Formerly IDFC Securities Ltd), ICICI Securities Limited
- Registrar:Kfin Technologies Limited
Sanathan Textiles IPO Objectives:-
- The company proposes to utilise the Net Proceeds towards the following objectives:
- 1. Repayment and/ or prepayment, in full or part, of certain borrowings availed by the Company;
- 2. Investment in our subsidiary viz. Sanathan Polycot Private Limited, for repayment and/ or prepayment, in full or part, of certain borrowings availed by our subsidiary viz. Sanathan Polycot Private Limited; and
- 3. General corporate purposes.
Sanathan Textiles Limited IPO Financial Information
Latest Revenue
787.76
₹ Crore
Profit After Tax
50.07
₹ Crore
Net Worth
1,324.06
₹ Crore
Total Borrowing
644.93
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 June 2024 | 2,529.53 | 787.76 | 50.07 | 1,324.06 | 644.93 | ||||
| 31 Mar 2024 | 2,203.68 | 2,979.8 | 133.85 | 1,273.98 | 379.88 | ||||
| 31 Mar 2023 | 1,906.67 | 3,345.02 | 152.74 | 1,140.13 | 281 | ||||
| 31 Mar 2022 | 1,796.47 | 3,201.46 | 355.44 | 987.39 | 378.19 | ||||
| Amount in ₹ Crore | |||||||||
Sanathan Textiles Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 11.09% |
| ROCE | 11.80% |
| RoNW | 10.42% |
| P/BV | 1.81 |
Frequently Asked Questions
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Competitive Strengths
The company is one of the few companies (amongst our peer group) in India with a presence across the polyester, cotton and technical textile sectors.
Focus on the product development of new products, through process innovation.
Fully integrated Yarn manufacturing plant set up at a strategic location with equipment supplied by domestic and globally renowned players.
Long-standing association with leading consumer brands with a low customer concentration.
Deep knowledge and understanding of optimal product assortment and strong supplier network enabling procurement at predictable and competitive pricing, leading to an overall efficient cycle.
Healthy financial performance.
Experienced management team with a proven track record.
Our Strategies Expanding our manufacturing capacity.
Enhance value addition in existing products and development of new products.
Harnessing digitization and technology in production processes with a focus on energy efficiency and sustainable practices.
Cotton yarn manufacturing process.
Yarns for technical textiles and industrial end-use.
Download regulatory filings
Sanathan Textiles Limited IPO Timeline
| IPO Open Date | Thursday, December 19, 2024 |
| IPO Close Date | Monday, December 23, 2024 |
| Basis of Allotment | Tuesday, December 24, 2024 |
| Initiation of Refunds | Thursday, December 26, 2024 |
| Credit of Shares to Demat | Thursday, December 26, 2024 |
| Listing Date | Friday, December 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 23, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid 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 |
| B-HNI (Min) | 68 | 3,128 | ₹10,04,088 |