Sanathan Textiles IPO
Sanathan Textiles IPO — date, price band, lot size & details 2024
Sanathan Textiles listed on 27 Dec 2024 at ₹422.3, 31.6% above the ₹321 issue price.
Sanathan Textiles makes polyester yarn, cotton yarn and yarns for technical and industrial textiles at its facility in Silvassa. Its total income was Rs 2,979.80 crore in FY2024.
Stock price
Sanathan Textiles is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 November.
- Open 19 Dec 2024
- Close 23 Dec 2024
- Allotment 24 Dec 2024
- Refund/credit 26 Dec 2024
- Listing 27 Dec 2024
Issue summary
The terms of the offer, as filed.
| IPO Dates | 19 to 23 Dec, 2024 |
|---|---|
| Price Band | ₹305 – ₹321 |
| Face Value | ₹10 |
| Lot Size | 46 Shares |
| Issue Size | ₹550 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,766 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 46 shares at the ₹321 cut-off. Drag to size your application.
| Application | Lots | Shares | 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 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01The pre-issue P/E was 17.25 at the upper band of Rs 321, based on EPS of Rs 18.60.
- 02Rs 400.00 crore of the issue was fresh capital, mostly for debt repayment and the Punjab plant.
- 03It runs 3 yarn verticals from one integrated facility.
- 04Net worth grew from Rs 987.39 crore on 31 March 2022 to Rs 1,324.06 crore on 30 June 2024.
- 05Debt to equity was low at 0.17 as per the source.
Risks · 5
- 01Profit after tax fell from Rs 355.44 crore in FY2022 to Rs 133.85 crore in FY2024.
- 02Total income fell from Rs 3,345.02 crore in FY2023 to Rs 2,979.80 crore in FY2024.
- 03Yarn prices follow crude-linked raw materials and cotton, and the source puts the PAT margin at 4.53%.
- 04Total borrowing rose from Rs 379.88 crore on 31 March 2024 to Rs 644.93 crore on 30 June 2024.
- 05Promoters and the promoter group held 98.61% before the issue and 78.52% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Sanathan Textiles offer document.
| Metric | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 2,529.53 | 2,203.68 | 1,906.67 | 1,796.47 |
| Total Income | 787.76 | 2,979.80 | 3,345.02 | 3,201.46 |
| Profit After Tax | 50.07 | 133.85 | 152.74 | 355.44 |
| NET Worth | 1,324.06 | 1,273.98 | 1,140.13 | 987.39 |
| Total Borrowing | 644.93 | 379.88 | 281.00 | 378.19 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Sanathan Textiles RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Sanathan Textiles IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹18.60 | ₹23.73 |
| P/E Ratio (x) | 17.25 | 13.53 |
| Market Cap at Offer Price (₹ Cr) | ₹864.11 | ₹677.31 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹321 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹370.95 Cr of the issue is earmarked to named objects.
About the company
Its products are made at its facility at Silvassa, and all three verticals sit in a single company. It is also commissioning a greenfield polyester yarn facility at Wazirabad, Punjab through its subsidiary Sanathan Polycot.
Its promoters include the Dattani family members Paresh, Ajay, Anilkumar and Dinesh Dattani and four family trusts.
The IPO was Rs 550 crore, with Rs 400.00 crore of fresh issue and Rs 150.00 crore of offer for sale by promoters. Fresh money was mainly planned for repaying borrowings and investing in the Punjab subsidiary.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Sanathan Textiles IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
ICICI Securities
133 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Dam Capital Advisors Ltd
44 issues handledBest listing: Go Colors (+89.9%). Weakest: Metro Brands (-12.6%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Sanathan Textiles?
The current Grey Market Premium is ₹87, or 27% over the issue price.
What is the Sanathan Textiles IPO price band?
₹305 to ₹321, on a face value of ₹10.
When is the allotment?
The basis of allotment is 24 December 2024, with listing on 27 December 2024.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
