Sanathan Textiles IPO GMP, Open Date, Price Band, Allotment Status

Sanathan Textiles IPO open date is on 19 December to 23 December 2024. This new IPO is a book-built issue of Rs 550 crore. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh issue is of Rs 400 crore and OFS is of Rs 150 crore.

Sanathan Textiles IPO price band is yet to be announced. As of now, Sanathan Textiles IPO GMP is 21 indicates mild bullish sentiment for this IPO among investors.

Sanathan Textiles IPO lot size is yet to be announced. The IPO allotment status is finalised on Tuesday, December 24, 2024. The minimum investment for the retail investors for 1 lot is expected to be Rs 14,800. The registrar for Sanathan Textiles IPO is Kfin Technologies Limited. The listing date is 27 December 2024.

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Sanathan Textiles IPO GMP

Sanathan Textiles IPO GMP is around Rs 21 per share. The grey market premium quotation indicates huge interest of retail investors. You can check the latest GMP price online from the first day of subscription. If the subscription got oversubscribed then Sanathan Textiles IPO GMP might rise in the coming days.

Sanathan Textiles IPO Price Band

Sanathan Textiles IPO price band is yet to be announced. The minimum amount of investment for the retail category is expected to be around Rs 14,800 and for small NII minimum investment is to be around Rs 2,07,522. The minimum investment for the Big NII is to be around Rs 10,07,964.

Sanathan Textiles IPO Open Date, Close Date

Sanathan Textiles IPO open date is Thursday, 19 December 2024 and closing date is Monday, 23 December 2024. Initiation of refund date is 26 December 2024 and credit of shares will be on 26 December 2024.

Sanathan Textiles IPO Allotment Status

Sanathan Textiles IPO allotment status will be finalised on Tuesday, 24 December 2024. The listing will be on the BSE and NSE platforms on Wednesday 18 December, 2024. The registrar of this IPO is Kfin Technologies Limited. Investors can check their allotment status after the subscription of the IPO ends.

Sanathan Textiles IPO Listing Date

Sanathan Textiles IPO's listing date will be on Friday, 27 December 2024. The Listing will be on both the NSE and BSE exchanges. Retail investors can sell the shares after 10 AM on the listing day.

Sanathan Textiles IPO: Listing Date, Lot Size, Price Band

Sanathan Textiles IPO  Limited: About the Company

Sanathan Textiles Limited was incorporated in 2005, is a polyester yarn manufacturer and a global supplier of Cotton Yarn. The company business is divided into three segments: 1) Polyester yarn products 2) Cotton yarn products 3) Yarns for technical textiles and industrial uses.

Sanathan Textiles Limited has 3,200 active varieties of yarn products. They can also manufacture a diversified product portfolio of more than 14,000 varieties of yarn products. The company had more than 925 distributors in 7 countries, including India, Argentina, Singapore, Germany, Greece, Canada, and Israel.

The company had a fully integrated yarn manufacturing plant set up at a strategic location with equipment supplied by domestic and globally renowned players. The company harnesses digitization and technology in production processes with a focus on energy efficiency and sustainable practices.

Sanathan Textiles IPO Objectives

The funds raised from Sanathan Textiles IPO will be used for the repayment of the past borrowings taken by the company. Also, the funds will be utilized in the investment in the subsidiary. The remaining money will be used for general corporate purposes.

Sanathan Textiles IPO: Key Dates, Allotment, Listing Date

Sanathan Textiles IPO Subscription Status, IPO Reservation

Sanathan Textiles IPO subscription status will be available after the IPO opens on 19 December 2024. In the QIB category 50% of the net offer is reserved. The remaining 35% is reserved for the retail investors and 15% is for Non-Institutional investors.

Sanathan Textiles IPO Lot Size Details

Sanathan Textiles IPO lot size is yet to be announced. For retail, the minimum lot size is 1 lot, amounting to around Rs 14,800 and the maximum is 13 lots, amounting to be around Rs 1,94,699. For small HNI, the minimum lot size is 14, amounting to be around Rs 2,07,522.

Sanathan Textiles IPO Promoter Holdings

Sanathan Textiles IPO promoters are Nimbus Trust, D&G Family Trust, A&J Family Trust, P&B Family Trust, Paresh Vrajlal Dattani, Ajay Vallabhdas Dattani, Anilkumar Vrajdas Dattani and Dinesh Vrajdas Dattani. The promoters' shareholdings before the IPO were 40.48%; however, after the IPO, shareholdings will decline.

Sanathan Textiles Limited Company Financial

Sanathan Textiles Limited posted revenue of Rs 2979.80 crore and net profit of Rs 133.85 crore for the period ending on 31 Mar 2024. The company’s revenue decreased by 11% and PAT dropped by -12% between the FY ending on 31 March 2024 and 31 March 2023.

Sanathan Textiles IPO Registrar

Sanathan Textiles IPO registrar is Kfin Technologies Limited. On the date of allotment, Investors can click on the registrar website and select the name of the company and enter PAN number or application ID to know their allotment status.

Sanathan Textiles IPO Lead Managers

Sanathan Textiles IPO lead managers are DAM Capital Advisors Limited and ICICI Securities Limited.

How to apply to Sanathan Textiles IPO

Interested investors can apply to the Sanathan Textiles IPO directly from the Bigul trading app and you can also apply by clicking here. Investors can also check the details of other upcoming IPO in Bigul.

Sanathan Textiles IPO Review

Sanathan Textiles IPO may get a positive response from the general public. The company is involved in textiles, investors interested in the textiles sector can apply to this IPO.

This upcoming IPO is expected to witness an oversubscription in the last bidding date. Moreover, if the IPO gets a positive response then Sanathan Textiles IPO GMP will also rise.

Sanathan Textiles IPO FAQ

1. What are the details of the Sanathan Textiles IPO?

Sanathan Textiles IPO is a book-built issue of Rs 550 crore. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh issue is of Rs 400 crore and OFS is of Rs 150 crore.

2. When will the Sanathan Textiles IPO open and close?

Sanathan Textiles IPO open date is Thursday, 19 December 2024 and closing date is Monday, 23 December 2024. Initiation of refund date is 26 December 2024 and credit of shares will be on 26 December 2024.

3. What is Sanathan Textiles IPO GMP?

Sanathan Textiles IPO GMP is around Rs 21 per share. The grey market premium quotation indicates huge interest of retail investors. You can check the latest GMP price online from the first day of subscription. If the subscription got oversubscribed then Sanathan Textiles IPO GMP might rise in the coming days.

4. What are the details of Sanathan Textiles IPO reservation?

Sanathan Textiles IPO subscription status will be available after the IPO opens on 19 December 2024. In the QIB category 50% of the net offer is reserved. The remaining 35% is reserved for the retail investors and 15% is for Non-Institutional investors.

5. Write the details of the IPO Allotment Status?

Sanathan Textiles IPO allotment status will be finalised on Tuesday, 24 December 2024. The listing will be on the BSE and NSE platforms on Wednesday 18 December, 2024. The registrar of this IPO is Kfin Technologies Limited. Investors can check their allotment status after the subscription of the IPO ends.

6. Who is the registrar and lead managers for Sanathan Textiles IPO?

Sanathan Textiles IPO registrar is Kfin Technologies Limited. On the date of allotment, Investors can click on the registrar's website and select the name of the company and enter PAN number or application ID to know their allotment status. The lead managers are DAM Capital Advisors and ICICI Securities Limited.

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