Sanathan Textiles IPO: Allotment Date, Details, and Key Insights
The Sanathan Textiles IPO allotment is expected to take place on Tuesday, December 23, or Wednesday, December 24, 2024. Investors will know the shares allotted to them based on the lottery system supervised by the registrar.
How to Check IPO Allotment Status
Investors can check their IPO allotment status online through platforms like BSE, NSE, or the registrar’s website, KFin Technologies.
Steps to Check on BSE:
- Visit the BSE IPO Status page.
- Select ‘Equity’ under ‘Issue Type’ and choose Sanathan Textiles from the dropdown menu.
- Enter your PAN number or application number.
- Click ‘Submit’ to view the allotment status.
Steps to Check on NSE:
- Go to the NSE IPO Allotment page.
- Register as a new user or log in.
- Select Sanathan Textiles and enter your application number.
- Click ‘Submit’ to check the status.
Steps to Check on KFin Technologies:
- Visit the KFin IPO Status page.
- Select Sanathan Textiles IPO.
- Enter your PAN details and click ‘Search’.
IPO Grey Market Premium (GMP)
The shares of Sanathan Textiles IPO are currently commanding a GMP of ₹90 per share, suggesting potential listing gains of 28.04%.
Sanathan Textiles IPO Subscription Status
The IPO received overwhelming responses, with:
- Retail Individual Investors (RIIs): Subscribed 8.93 times.
- Non-Institutional Investors (NIIs): Subscribed 42.21 times.
- Qualified Institutional Buyers (QIBs): Subscribed 75.62%.
In total, 44.32 crore shares were bid against the 1.26 crore shares on offer.
IPO Details
The ₹550 crore IPO comprises:
- Fresh Issue: ₹400 crore.
- Offer for Sale (OFS): ₹150 crore by promoters.
IPO Proceeds Allocation:
- ₹160 crore: Debt repayment.
- ₹140 crore: Investment in its subsidiary, Sanathan Polycot Pvt Ltd.
- Remaining funds for general corporate purposes.
About Sanathan Textiles
Established in 2005, Sanathan Textiles IPO Limited is a global leader in polyester and cotton yarn manufacturing. The company operates across three verticals:
- Polyester yarn
- Cotton yarn
- Technical textiles used in automotive, healthcare, construction, sports, and protective clothing sectors.
Key highlights of the company:
- Over 3,200 active yarn varieties and 45,000 SKUs as of September 30, 2024.
- Exports to 14 countries, including India, Germany, Singapore, Argentina, and Canada.
- Manufacturing unit located in Silvassa.
Major clients include Welspun India, Valson Industries, G.M. Fabrics, and Premco Global.
IPO Listing Date
The equity shares are set to list on the BSE and NSE on Friday, December 27, 2024.
