Sanathan Textiles IPO is live from 19 December and it will be closed on 23 December 2024. It is a small-cap company engaged in the textile business. After the IPO announcement, Sanathan Textiles IPO GMP Today is trading at a higher level and its current trend is bullish.
As per reports, the Global textiles market is expected to grow at 2.5 to 3.5 % CAGR till the CR2028. India is one of the leading players and comes under the top 10 apparel exporters in the world. The future growth of the market will also be beneficial for the company’s growth.
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Sanathan Textiles IPO GMP Today
As of 11 Dec 2024, Sanathan Textiles Ltd IPO GMP (grey market premium) Today is trading at Rs. 45. As per the GMP, the estimated listing price of the IPO in NSE and BSE is Rs. 366 (14.02%).
Disclaimer: You should not completely rely on the IPO GMP as it is not an accurate indicator, and its trend may change rapidly anytime. Before applying for an IPO, you should check various things like Brokerage or Expert view, Subscription Levels or Status, Risks Involved, Financials, Industry and Market Conditions, Valuations, Company Fundamentals, Promoters and management, etc.
| Date | Live IPO GMP | EST. Listing Gains | Price Band | IPO Size | Bidding Dates |
|---|---|---|---|---|---|
| 21 Dec 2024 (Today) | ₹45 | ₹366 (14.02%) | ₹305 to ₹321 | ₹550.00 Crore | 19 Dec – 23 Dec 2024 |
About Sanathan Textiles Ltd
Sanathan Textiles Ltd company was incorporated in 2005. The company is engaged in the business of manufacturing and exporting cotton yarn, polyester yarn, and year for the technical textile sector. It is one of the few companies in the business, which is doing all these businesses.
The company has more than 14,000.00 yarn types and 1,90,000 SKUs. As per FY24 reports, the company distributed its produces in 7 countries with the help of 902 distributers.
IPO Details
Sanathan Textiles IPO is live from 19 December and going to close on 23 December 2024. The price range of the IPO is set to Rs. 305 to Rs. 321 and the issue size is Rs. 550.00 Crore. IPO basic allotment date is 24 December 2024 and it is going to be listed in the stock market on 27 December 2024.
The minimum investment of an IPO is Rs. 14,766 for 1 lot (46 shares) and the maximum investment of an IPO is Rs. 1,91,958 for 13 lot (598 shares).
| IPO Type | Mainboard |
| IPO Open Date | 19 December 2024 |
| IPO Close Date | 23 December 2024 |
| IPO Listing Date | 27 December 2024 |
| Refund Date | 26 December 2024 |
| IPO Allotment Date | 24 December 2024 |
| IPO Demat Credit Date | 26 December 2024 |
| IPO Price Band | ₹305 to ₹321 Per Share |
| IPO Listing | NSE & BSE |
| Issue Size | Approx ₹550.00 Crore |
| Fresh Issue | Approx ₹400.00 Crore |
| Offer For Sale | Approx ₹150 Crore (46,72,898 Equity Shares) |
| NII Quota | Not More Than 15% |
| QIB Quota | Not More Than 50% |
| Retail Quota | Not More Than 35% |
| Prospectus | Click Here |
Profit and Loss
Sanathan Textiles Ltd is a small-cap company and its market cap is Rs. 2,709 Crore. The company has a cash of Rs. 71.6 Crore and debt on the company is Rs. 645 Crore.
Currently, 3 years of annual profit and loss data of the company is available. In March 2022, the company reported a net profit of Rs. 355 Crore, Rs. 153 Crore net profit in March 2023, and Rs. 181 Crore net profit in March 2024.
As you can see from the last 3 years the net profit of the company is decreasing. If the company’s net profit or revenue continues to fall the stock prices will also fall.
FAQs
As of 21 December 2024, Sanathan Textiles IPO GMP is Rs. 45. As per the current GMP, the estimated listing of the IPO is Rs. 366 i.e. 14.02% listing gains.
Yes, Sanathan Textiles is a profitable company. On the company, the debt is Rs. 645 Crore, and cash of Rs. 71.6 Crore.
A part of the raised money through IPO will go for the repayment of borrowings and for investment in Sanathan Polycot Private Ltd.
As per the last 3 years of annual profit and loss data, it is seen that the company revenue is falling from the last 3 years. The net profit of the company is-
In March 2022, the company reported a net profit of Rs. 355 Crore, Rs. 153 Crore net profit in March 2023, and Rs. 181 Crore net profit in March 2024.
The company is engaged in the business of manufacturing and exporting cotton yarn, polyester yarn, and year for the technical textile sector. The company has more than 14,000.00 yarn types and 1,90,000 SKUs. It is one of the few companies in the business, which is doing all these businesses.
The Bottom Line
Sanathan Textiles Ltd is a small-cap company engaged in the business of textiles. It is one of the few companies that is engaged in the manufacturing and exporting of cotton yarn, polyester yarn, and year for the technical textile sector. If you are also interested in the stock and want to know its demand in the grey market, check Sanathan Textiles IPO GMP (grey market premium) Today.