Sanathan Textiles Ltd IPO

Sanathan Textiles Ltd IPO

Sanathan Textiles Limited is one of the few companies in India with presence across the polyester, cotton and technical textile sectors. All the three yarn verticals are housed under a single corporate entity. This has facilitated its diversification into new segments which in turn has helped it in serving a large number of customers across various sectors. As on September 30, 2021, the company has a diversified product portfolio with capability to manufacture more than 12,900 varieties of yarn products with more than 100,000 SKUs that are used in various forms and for varied end uses.

Sanathan Textiles Ltd IPO Details

Total Shares Offered

TBA

Offer to Public

TBA

Retail Max (Shares)

TBA

Pre Issue Promoters Holding

TBA

Exchange

BSE

Issue size

TBA

IPO Open Date

Dec 19, 2024

Close Date

Dec 23, 2024

Lot Size

46

Min Investment

TBA

Issue Type

Book Building

Listing Date

Dec 27, 2024

Sanathan Textiles Ltd IPO Dates

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Dec 19, 2024
Opening date
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Dec 23, 2024
Closing date
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Basis of Allotment
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Initiation of Refunds
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Credit of Shares
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Dec 27, 2024
Listing date

Details

SectorType
SectorTextiles - Cotton
Sub SectorBlended
Issue TypeBook Building

Subscription Status

*Values are in Lakhs

Investor Type

QIB

NII

Retail

Employee

Total

Sanathan Textiles Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)
Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations2,998.612,957.503,329.21
EBITDA321.95277.15299.09
PAT174.47141.32156.20
Total Assets679.71735.17762.53
Share Capital84.4071.9471.94
Total Borrowings244.09346.48404.43
Operating Activities (Net Cash)219.90185.43199.42
Investing Activities (Net Cash)898.77417.92249.93
Financing Activities (Net Cash)244.09346.48404.43
Net Cashflow58.8492.8294.58

About Sanathan Textiles Ltd

Indian textile and apparel industry plays an important role in development of economic activity in India. The spinning industry is organized when compared to weaving segment of the industry which is majorly dominated by the decentralized power looms, handlooms, and hosiery production units. The yarn manufacturing industry in India primarily comprises of cotton yarn and man-made fibres yarn (comprising of ~91% polyester). The size of the cotton yarn industry is expected to increase by 5-7% CAGR over FY22-26 reaching Rs 1100-1200 billion by FY26 from 905-910 billion in FY22. In FY21, the polyester filament yarn (PFY) and the polyester staple fibre (PSF) industries were worth Rs 225 billion and Rs 102 billion respectively. From fiscal 2022-2026, the PFY and PSF industries are expected to grow by 4-6% CAGR and 2-4% CAGR in volume respectively.

Sanathan Textiles Limited is one of the few companies in India with presence across the polyester, cotton and technical textile sectors. All the three yarn verticals are housed under a single corporate entity. This has facilitated its diversification into new segments which in turn has helped it in serving a large number of customers across various sectors. As on September 30, 2021, the company has a diversified product portfolio with capability to manufacture more than 12,900 varieties of yarn products with more than 100,000 SKUs that are used in various forms and for varied end uses.

Peer Comparison:

  • K P R Mill Ltd
  • Vardhman Textiles Ltd
  • Indo Count Industries Ltd
  • Filatex India Ltd
  • Garware Technical Fibres Ltd
  • K P R Mill Ltd
  • Vardhman Textiles Ltd
  • Indo Count Industries Ltd
  • Filatex India Ltd
  • Garware Technical Fibres Ltd

Sanathan Textiles Ltd Key Points

Strengths

We are one of the few companies (amongst our peer group) in India with presence across the polyester, cotton and technical textile (which find application in multiple end-use segments including automotive, healthcare, construction, sports and outdoor, and protective clothing) 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 predicable and competitive pricing, leading to an overall efficient cycle.

Risk

The impact of the COVID-19 pandemic and the resulting deterioration of general economic conditions has in the past financial years affected its business and may continue to materially affect its business, results of operations, financial condition, and / or its cash flows in future periods.

There are certain proceedings involving its Company, its Subsidiaries, its Promoters, its Directors and its Group Company which if determined against its, may have an adverse effect on its business, cash flows and results of operations.

The company is heavily dependent on technology in carrying out its business activities and it forms an integral part of its business. If its face failure of its information technology systems, its may not be able to compete effectively which may result in lower revenue, higher costs and would adversely affect its business and results of operations.

Strategy

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.

How To Apply for Sanathan Textiles Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Sanathan Textiles Ltd IPO?

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Sanathan Textiles Ltd's IPO offers shares for up to 0 It begins on Dec 19, 2024 and ends on Dec 23, 2024.

What is the price of the Sanathan Textiles Ltd IPO?

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The price of Sanathan Textiles Ltd IPO ranges between NA to NA per share.

What are the open and close dates for the Sanathan Textiles Ltd IPO?

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The Sanathan Textiles Ltd IPO opens on Dec 19, 2024 and closes on Dec 23, 2024.

When will the Sanathan Textiles Ltd IPO be allotted?

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The allotment for the Sanathan Textiles Ltd IPO will be finalised on Invalid Date. The shares will be listed on BSE and NSE on Dec 27, 2024.

What is the minimum lot size required for Sanathan Textiles Ltd IPO?

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The minimum lot size for Sanathan Textiles Ltd IPO is 46 shares, priced between NA to NA per share.

What is the GMP of Sanathan Textiles Ltd IPO?

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The GMP (Grey Market Premium) of Sanathan Textiles Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Sanathan Textiles Ltd IPO?

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To check the allotment status of Sanathan Textiles Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Sanathan Textiles Ltd IPO getting listed?

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The Sanathan Textiles Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Dec 19, 2024, and closes on Dec 23, 2024. The allotment is finalised on Invalid Date.

How do you apply for the Sanathan Textiles Ltd IPO?

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To apply for the Sanathan Textiles Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.

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