Sanathan Textiles IPO Live
Already have an account? Apply now
Schedule of Sanathan Textiles
| Issue open date | 19 Dec 2024 |
| Issue close date | 23 Dec 2024 |
| UPI mandate deadline | 23 Dec 2024 (5 PM) |
| Allotment finalization | 24 Dec 2024 |
| Refund initiation | 26 Dec 2024 |
| Share credit | 26 Dec 2024 |
| Listing date | 27 Dec 2024 |
| Mandate end date | 07 Jan 2025 |
| Lock-in end date for anchor investors (50%) | 23 Jan 2025 |
| Lock-in end date for anchor investors (remaining) | 24 Mar 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Sanathan Textiles
Sanathan Textiles Limited, established in 2005, manufactures polyester, cotton, and technical yarns used in various sectors, including automotive, healthcare, and construction. The company operates from a facility in Silvassa, with an installed capacity of 223,750 MTPA. As of September 2024, it produces over 3,200 active yarn varieties and 45,000 stock-keeping units (SKUs), with the ability to create a diverse range of yarn products. Sanathan Textiles exports to several countries and has a network of distributors across India and internationally. The company supplies yarn to various clients in the textile and manufacturing sectors.
Financials of Sanathan Textiles
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹550 crores |
| Fresh Issue | ₹400 crores |
| Offer for sale | ₹150 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Repayment of borrowings | 160 (40.00%) |
| Investment in subsidiary for borrowing repayment | 140 (35.00%) |
Strengths
- Presence in polyester, cotton, and technical yarns.
- High share of value-added yarns (dope dyed, functional, specialty).
- Integrated, automated manufacturing.
- ISO and OEKO-TEX-certified Silvassa facility.
- New Punjab facility to boost polyester production.
- Efficient procurement and strong supplier network.
Risks
- No long-term raw material agreements.
- Demand forecasting and inventory management challenges.
- High working capital needs and potential funding issues.
- Customer payment delays/defaults.
- Exposure to currency fluctuations and geopolitical risks (due to imports).
- Impact of import duties/restrictions on export competitiveness.
Subscription Figures for Sanathan Textiles
Subscription numbers as of 5:00 PM on 20 Dec 2024:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 36.06 | 3.37 | 0.09x |
| HNI (₹2L+) | 27.05 | 41.25 | 1.53x |
| Retail (upto ₹2L) | 63.11 | 135.80 | 2.15x |
| Total | 126.23 | 180.43 | 1.43x |