Sanathan Textiles Limited is a polyester yarn manufacturer and a global supplier of Cotton Yarn.
The company’s business is divided into three separate yarn business verticals, consisting of:
- Polyester yarn products;
- Cotton yarn products; and
- Yarns for technical textiles and industrial uses.
These technical textiles are used in various sectors such as automotive, healthcare, construction, sports and outdoor activities, and protective clothing.
As of September 30, 2024, the company had more than 3,200 active varieties of yarn products (i.e., yarn products manufactured by us from April 1, 2021, to September 30, 2024) and more than 45,000 stock-keeping units (SKUs). It also can manufacture a diversified product portfolio of more than 14,000 varieties of yarn products and more than 190,000 SKUs that are used in various forms and for varied end uses.
As of June 30, 2024, Fiscal 2024, and Fiscal 2023, Sanathan Textiles Limited exported its products to 14, 27 and 29 countries.
As of June 30, 2024, the company had more than 925 distributors in 7 countries, including India, Argentina, Singapore, Germany, Greece, Canada, and Israel.
The company’s manufacturing unit is located in Silvassa. The company’s clients comprise several multinational, regional and local companies such as Welspun India Limited, Valson Industries Limited, G.M. Fabrics Private Limited, Premco Global Limited, Creative Garments Textile Mills Private Limited, Banswara Syntex Limited, AYM Syntex Limited, Techno Sportswear Private Limited, Haren Textiles Private Limited, Khosla Profil Private Limited, Tulip Elastics Private Limited and more.
Sanathan Textiles IPO – Details
| IPO Opening Date | 19 December 2024 |
| IPO Closing Date | 23 December 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 1,71,33,956 Shares Worth ₹550.00 Crore Fresh Issue: 1,24,61,059 Shares Worth ₹400.00 Crore Offer For Sale: 46,72,897 Shares Worth ₹150.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹305 – ₹321 per share |
| Market Lot | 46 Shares |
| Min Order | 46 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Sanathan Textiles IPO – Date Schedule
| IPO Open Date | 19 November 2024 |
| IPO Close Date | 23 December 2024 |
| Basis of Allotment | 24 December 2024 |
| Initiation of Refund | 26 December 2024 |
| Credit of Shares to Demat Account | 26 December 2024 |
| IPO Listing Date | 27 December 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 23, 2024 |
Sanathan Textiles IPO – Lots Size & Price
| 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 |
Competitive Strengths
- The company is one of the few companies (amongst our peer group) in India with a presence across the polyester, cotton and technical textile 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 predictable and competitive pricing, leading to an overall efficient cycle.
- Healthy financial performance.
- Experienced management team with a proven track record.
- Our Strategies 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.
- Cotton yarn manufacturing process.
- Yarns for technical textiles and industrial end-use.
Company Promoters
- Nimbus Trust
- D&G Family Trust
- A&J Family Trust
- P&B Family Trust
- Paresh Vrajlal Dattani
- Ajay Vallabhdas Dattani
- Anilkumar Vrajdas Dattani
- Dinesh Vrajdas Dattani
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 3,201.46 | 2,722.33 | 355.44 | 378.19 |
| 31 March 2023 | 3,345.01 | 3,135.58 | 152.74 | 281.00 |
| 31 March 2024 | 2,979.80 | 2,798.39 | 133.84 | 379.88 |
| 30 June 2024 | 787.76 | 720.99 | 50.07 | 644.93 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 11.09% |
| ROCE | 11.80% |
| RoNW | 10.42% |
| Pre IPO | Post IPO | |
| EPS (Rs) | – | – |
| P/E (x) | – | – |
Object Of The Issue
- Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company;
- Investment in our subsidiary viz. Sanathan Polycot Private Limited, for repayment and/ or pre-payment, in full or part, of certain borrowings availed by our subsidiary viz. Sanathan Polycot Private Limited; and
- General corporate purposes.
Sanathan Textiles IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 1 | K.P.R. Mill Ltd | 39.68 |
| 2 | 2 | Vardhman Textiles Ltd | 21.19 |
| 3 | 2 | Indo Count Industries Ltd | 22.75 |
| 4 | 1 | Filatex India Ltd | 24.30 |
| 5 | 10 | Garware Technical Fibres Ltd | 39.57 |
Sanathan Textiles IPO Promoter Holding
| Pre Issue Share Holding | 97.54% |
| Post Issue Share Holding | 77.60% |
Sanathan Textiles IPO Prospectus
Company Contact Information
| Sanathan Textiles Limited SRV NO. 187/4/1/2, Near Surangi Bridge, Surangi, Dadra & Nagar Haveli, Silvassa 396230 Phone: +91 22 6634 3312 Email: investors@sanathan.com Website: https://www.sanathan.co/ |
Sanathan Textiles IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: stl.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Sanathan Textiles IPO Lead Manager(s)
| 1. DAM Capital Advisors Limited 2. ICICI Securities Limited |
Sanathan Textiles IPO FAQs
| What is Sanathan Textiles IPO? Sanathan Textiles IPO is a main-board IPO. The issue is priced at ₹305 to ₹321 per equity share. The IPO is to be listed on BSE & NSE. |
| When Sanathan Textiles IPO will open? The IPO is to open on 19 December 2024 for QIB, NII, and Retail Investors. |
| What is Sanathan Textiles IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Sanathan Textiles IPO? You can apply Sanathan Textiles IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Sanathan Textiles IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Sanathan Textiles IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Sanathan Textiles IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Sanathan Textiles IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Sanathan Textiles IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Sanathan Textiles IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Sanathan Textiles IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Sanathan Textiles IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Sanathan Textiles IPO Size? Sanathan Textiles IPO size is ₹550.00 Crore. |
| What is the Sanathan Textiles IPO Price Band? Sanathan Textiles IPO Price Band is ₹305 to ₹321. |
| What is Sanathan Textiles IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 46 Shares with ₹14,766 amount while the maximum bid is 598 Shares with ₹1,91,958. |
| What is the Sanathan Textiles IPO Allotment Date? Sanathan Textiles IPO allotment date is 24 December 2024. |
| What is the Sanathan Textiles IPO Listing Date? Sanathan Textiles IPO listing date is 27 December 2024. The IPO is to be listed on BSE and NSE. |
