Sanathan Textiles Ltd IPO
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Sanathan Textiles Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| TBA | TBA | TBA | TBA | BSE | TBA |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 19 Dec, 24 | 23 Dec, 24 | 46 | TBA | Book Building | 27 Dec, 24 |
Sanathan Textiles Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Textiles - Cotton |
| Sub Sector | Blended |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 272724754 |
| NII | 0x | 0 | 114168872 |
| Retail | 0x | 0 | 56380912 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 0 | 443274538 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Sanathan Textiles Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 2,957.50 | 3,329.21 | 3,185.32 |
| EBITDA | 277.15 | 299.09 | 563.31 |
| PAT | 141.32 | 156.20 | 355.53 |
| Total Assets | 735.17 | 762.53 | 814.07 |
| Share Capital | 71.94 | 71.94 | 71.94 |
| Total Borrowings | 346.48 | 404.43 | 584.67 |
| Operating Activities (Net Cash) | 185.43 | 199.42 | 397.57 |
| Investing Activities (Net Cash) | 417.92 | 249.93 | 75.85 |
| Financing Activities (Net Cash) | 346.48 | 404.43 | 584.67 |
| Net Cashflow | 92.82 | 94.58 | 27.48 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
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 IPO 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.
- 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.
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.
