Sanathan Textiles Limited (MAINBOARD)
Dec 19, 2024 - Dec 23, 2024
| Price | ₹305 - ₹321 |
| Premium | ₹87 |
|---|---|
| Lot size | 46 |
| Allotment | Dec 24, 2024 |
| Listing | Dec 27, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 46 | 14766 | 130367 |
| sHNI | 14 | 644 | 206724 | 1330 |
| bHNI | 68 | 3128 | 1004088 | 2661 |
Last updated on 23-Dec-2024 19:16:23
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 3426792 | 272724754 | 79.59 |
| HNIs | 2570093 | 114168872 | 44.42 |
| HNIs 10+ | 1713396 | 83048630 | 48.47 |
| HNIs 2+ | 856698 | 31120242 | 36.33 |
| Retail | 5996885 | 56380958 | 9.4 |
| Total | 11993770 | 443274584 | 36.96 |
Application-Wise Breakup (Approx. no. of Apps) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 2661 | 24642 | 9.26 |
| HNIs (2-10L) | 1330 | 47482 | 35.7 |
| Retail | 130367 | 1096742 | 8.41 |
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 110 | 8754.46 | 79.59 |
| FIIs | - | 3445.47 | - |
| DIIs | - | 3716.73 | - |
| Mutual funds | - | 1121 | - |
| Others | - | 471.27 | - |
| HNIs | 82.5 | 3664.82 | 44.42 |
| HNIs 10+ | 55 | 2665.86 | 48.47 |
| HNIs 2+ | 27.5 | 998.96 | 36.33 |
| Retail | 192.5 | 1809.83 | 9.4 |
| Total | 385 | 14229.11 | 36.96 |
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹34.3 | @8% ₹39.2 | @9% ₹44.1 | @10% ₹49 | @11% ₹53.9 | @12% ₹58.8 |
IPO Details
| Issue Size | 1,71,33,958 shares (aggregating up to 550 Cr) |
| Fresh Issue | 1,24,61,060 shares (aggregating up to 400 Cr) |
| Offer For Sale | 46,72,898 shares (aggregating up to 150 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE , BSE |
| Share holding pre issue | 7,19,43,000 shares |
| Share holding post issue | 8,44,04,060 shares |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Key Performance Indicators
| KPI | Jun-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 15.41% | 11.09% | 14.36% |
| ROCE | 14.04% | 11.80% | 15.54% |
| RONW | 3.72% | 10.42% | 13.40% |
| EPS (Basic) | 6.96 | 18.60 | 21.24 |
| P/E Pre IPO | 17.25 | ||
| P/E Post IPO | 13.53 |
Financial Details (Restated) In Crores
| Period Ended | Jun-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 2,530 | 2,204 | 1,907 | 1,796 |
| Revenue | 788 | 2,980 | 3,345 | 3,201 |
| Profit After Tax | 50 | 134 | 153 | 355 |
| Net Worth | 1,324 | 1,274 | 1,140 | 987 |
| Total Borrowing | 645 | 380 | 281 | 378 |
About Company
Sanathan Textiles Limited, incorporated in 2005, is a leading manufacturer of polyester yarn and a global supplier of cotton yarn, operating through three business verticals: Polyester Yarn Products, Cotton Yarn Products, and Yarns for Technical Textiles and Industrial Uses. The company's technical textiles cater to diverse sectors, including automotive, healthcare, construction, sports and outdoor activities, and protective clothing. As of September 30, 2024, Sanathan Textiles offered over 3,200 active yarn varieties and 45,000 SKUs, with the capability to produce more than 14,000 yarn varieties and 190,000 SKUs for various applications. The company exported its products to 14, 27, and 29 countries during June 30, 2024, Fiscal 2024, and Fiscal 2023, respectively, and operated through a network of over 925 distributors across seven countries, including India, Argentina, Singapore, Germany, Greece, Canada, and Israel. Its state-of-the-art manufacturing facility in Silvassa serves a robust clientele, including prominent names such as Welspun India Limited, Valson Industries Limited, G.M. Fabrics Private Limited, Premco Global Limited, and others.
Dam Capital Advisors Ltd
ICICI Securities Limited
Diversified Presence: Among the few in India with operations spanning polyester, cotton, and technical textile sectors.
Innovation-Driven: Focus on developing new products through continuous process innovation.
Strategic Infrastructure: Fully integrated yarn manufacturing plant equipped with technology from leading domestic and global suppliers, strategically located for efficiency.
Raw Material Dependency: Reliance on a few key suppliers for raw materials, without long-term agreements, poses risks to procurement quality, quantity, and competitive pricing.
Inventory Management Challenges: Inability to accurately forecast demand and maintain optimal inventory levels could impact business performance and financial stability.
Utilization of IPO Proceeds: Any variation in the planned use of IPO proceeds requires shareholder approval, potentially delaying or complicating execution plans.
Phone: 04067162222, 04079611000
Website: https://kosmic.kfintech.com/ipostatus/