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Sanathan Textiles IPO
Price Band
₹305.0–321.0
Issue Size
₹550.0 Cr
Lot Size
46 shares
Min Investment
₹14,766
GMP
+₹87.0 (27.1%)
Issue Price
₹321.0
Subject to Sauda
₹3000
Paid only if allotted
Sanathan Textiles IPO AI Summary
- Sanathan Textiles IPO is listed on BSE, NSE in the Other Textile Products sector.
- Price band: ₹305.0–₹321.0 per share, lot size 46 shares (min. investment ₹14,766).
- Subscription window: 19 Dec–23 Dec 2024, listing on 27 Dec 2024.
- Current GMP is +₹87.0 (27.1%), an estimated listing price of ₹408 — unofficial and can change daily.
Sanathan Textiles Limited is a diversified yarn manufacturer with a strong market presence and a focus on innovation. The IPO aims to raise ₹550 Cr for various strategic purposes, with an issue price of ₹321.0. Investors should carefully consider the financial performance and market conditions before participating.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Sanathan Textiles IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 23 Dec 2024 — not a current signal.
9 of 14 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Sanathan Textiles IPO Grey Market Premium (GMP) Today
GMP
+₹87.0
GMP %
+27.1%
Est. Listing
₹408.0
Updated: 25 Jul 2026 14:02
About the Company
Incorporated in 2005, 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 (a) Polyester yarn products, (b) Cotton yarn products, and (c) 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. Company 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 Financials (₹ Cr)
As of 2024-06-30
| Period Ended | 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 |
Key Ratios
EPS
₹18.60
NAV
₹177.22
ROE
11.09%
ROCE
11.80%
RoNW
10.42%
P/B Value
1.81
P/E Ratio
17.25
Market Cap
₹2709.37 Cr
PAT Margin
4.53%
Debt/Equity
0.17
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Garware Technical Fibres Ltd | 621.49 | 16.87% | 39.57 | 102.16 | 102.16 |
| Filatex India Ltd. | 27.13 | 9.19% | 24.3 | 2.49 | 2.49 |
| Indo Count Industries Ltd. | 105.48 | 16.35% | 22.75 | 17.06 | 17.06 |
| Vardhman Textiles Ltd. | 314.69 | 7% | 21.19 | 22.2 | 22.2 |
| K.p.r. Mill Limited | 127.5 | 18.48% | 39.68 | 23.56 | 23.56 |
| Sanathan Textiles Limited This IPO | 177.22 | 10.42% | — | 18.6 | 18.6 |
Promoters
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
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company; 160.00 2 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 140.00 3 General corporate purposes. 70.95
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹3,345.02 Cr in the year ending 31 Mar 2023, decreasing to ₹2,979.80 Cr by 31 Mar 2024. The most recent figure as of 30 Jun 2024 shows total income at ₹787.76 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹355.44 Cr in the year ending 31 Mar 2022, declining to ₹152.74 Cr by 31 Mar 2023. This further decreased to ₹133.85 Cr in the year ending 31 Mar 2024, with the latest figure as of 30 Jun 2024 showing profit after tax at ₹50.07 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
At the issue price of ₹321.0, Sanathan Textiles has an implied P/E ratio of 17.25, compared to its peers which have P/E ratios ranging from 21.19 to 39.68.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. The Grey Market Premium (GMP) is the extra amount that investors are willing to pay for shares in the grey market compared to the issue price. A positive GMP indicates strong demand for the IPO, while a negative GMP may suggest lower interest.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment goals and risk tolerance. It's important to consider the company's financial health, growth potential, and market conditions.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid this IPO, especially if they are not comfortable with the inherent risks associated with investing in new issues.
IPO Timeline, Explained
The IPO opens for subscription on 19 Dec 2024 and closes on 23 Dec 2024. Allotment of shares will be done on 24 Dec 2024, with the listing date set for 27 Dec 2024.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange, often at a price higher than the issue price. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance post-listing.
This evaluation is generated from Sanathan Textiles's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Sanathan Textiles IPO GMP today?
Sanathan Textiles IPO GMP today is +₹87.0 (27.1%), indicating an estimated listing price of ₹408. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Sanathan Textiles IPO?
The price band of Sanathan Textiles IPO is ₹305.0–₹321.0 per share.
When does Sanathan Textiles IPO open and close?
Sanathan Textiles IPO opens on 19 December 2024 and closes on 23 December 2024.
When does Sanathan Textiles IPO list on the stock exchange?
Sanathan Textiles IPO listed on 27 December 2024 at ₹408.0.
What is the lot size for Sanathan Textiles IPO?
The lot size for Sanathan Textiles IPO is 46 shares, requiring a minimum investment of ₹14,766.
What is the price band for the IPO?
The price band for the IPO is ₹305.0 to ₹321.0.
What is the minimum investment required?
The minimum investment required is ₹14,766.0.
What is the lot size for the IPO?
The lot size for the IPO is 46 shares.
When does the IPO open and close?
The IPO opens on 19 Dec 2024 and closes on 23 Dec 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the demand for the shares before they are officially listed.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
19 Dec 2024
Close
23 Dec 2024
Allotment
24 Dec 2024
Listing
27 Dec 2024
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