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Sanathan Textiles Ltd IPO
Sanathan Textiles, a yarn producer situated in Mumbai, has submitted preliminary paperwork with SEBI in order to raise money through an IPO (IPO). The size of the offering would be between Rs. 1,200 and Rs. 1,300 crore. The offering consists of a fresh equity share issuance for Rs 500 crore and an offer by the promoters to sell up to 11,400,000 equity shares. A pre-IPO issuance of equity shares worth up to Rs 100 crore may potentially be considered by the corporation.
Opening Date
To be announced
Closing Date
To be announced
Price Band
To be announced
Issue Size
To be announced
Face Value
To be announced
Market Lot
To be announced
Opening Date
To be announced
Closing Date
To be announced
Price Band
To be announced
Issue Size
To be announced
Face Value
To be announced
Market Lot
To be announced
Listing at NSE, BSE
Sanathan Textiles Limited IPO Important Dates
| IPO Open Date | To be announced |
|---|---|
| IPO Close Date | To be announced |
| Allotment Date | To be announced |
| Initiation Of Refunds | To be announced |
| Credit Of Shares To Demat Account |
To be announced |
| IPO Listing Date | To be announced |
| UPI Mandate Expiry Date | To be announced |
About Sanathan Textiles Limited
Sanathan Textiles, a yarn producer situated in Mumbai, has three business verticals: polyester yarn goods, cotton yarn products, and yarns for technical textiles and industrial purposes, which are produced in its Silvassa site.
Arvind, Trident, Welspun India, Page Industries, D'décor Home Fabrics, Creative Group, Ascent Yarns, and Paragon are some of its major clients.
Sanathan Textiles Limited IPO Objectives
- Prepayment or scheduled repayment of all, or a portion, of certain outstanding borrowings availed by the Company.
- Funding working capital requirements of the Company.
- General corporate purposes.
Why should you invest in the Sanathan Textiles Limited?
- The global textile market size, which was estimated at USD 978 billion in 2021, is expected to expand at a compound annual growth rate (CAGR) of 4-5% from 2021 to 2026.
- As per the Ministry of Textile annual report 2020-21, Indian textile and apparel has contributed to 11.8% of overall exports during fiscal 2020. It also states that Indian textile and apparel segments occupy a share of 5% of the global textile and apparel segment.
Financial Highlights
(₹ in Crore)
| Particulars | Fiscal 2021 | Fiscal 2020 | Fiscal 2019 |
|---|---|---|---|
| Revenue from operations | 1918.355 | 2116.600 | 2340.390 |
| EBITDA(1) | 327.944 | 212.655 | 234.671 |
| EBITDA margins(2) | 17.10% | 10.05% | 10.03% |
| Profit after tax | 185.631 | 46.016 | 55.226 |
| Return on equity(3) | 29.42% | 10.36% | 13.82% |
| Return on capital employed(4) | 29.42% | 13.36% | 17.69% |
| Net debt(5) | 514.632 | 646.709 | 548.504 |
| Net debt / EBITDA | 0.157 | 0.304 | 0.34 |
| Fixed asset turnover ratio(6) | 2.16 | 2.34 | 2.93 |
| Working capital cycle(7) | 54 | 38 | 24 |
How to apply for Sanathan Textiles Limited IPO?
To start trading, investors have two ways to choose from. They either can opt for UPI or create a Demat account. The details are as follows:
UPI
- Link a UPI ID to your bank account.
- Add your UPI ID to your Demat account.
- Subscribe for Sanathan Textiles Limited IPO and accept the payment request on your UPI ID.
Demat Account
- Open a DEMAT Account for free with Angel One if you are a new investor.
Sanathan Textiles Limited IPO Noteworthy Highlights:
- Sanathan Textiles are one of the few companies in India with presence across the polyester, cotton and technical textile sectors.(Source: CRISIL Report).
- For Fiscal 2021, the Company exported its products to more than 41 countries with more than 50% of the revenue from export sales coming from Argentina, South Korea, Brazil and Turkey.
- Its Promoters have a cumulative experience of over 100 years in the textile industry with more than 40 years in the yarn business.
The Brand’s Pros & Cons:
| Pros | Cons |
|---|---|
| Well-established company in the polyester, cotton and technical textile sectors. | Company is Expanding its manufacturing capacity which would have an inverse effect. |
| A long-standing association with leading consumer brands with a low customer concentration. | Exposed to the risks associated with Enhance value addition in existing products and the development of new products. |
| Focus on the product development of new products, through R&D and process innovation. | The company is supplying its product to multi nations, and the drop in demand can result in long-term loss. |
| Fully integrated Yarn manufacturing plant set up at a strategic location with equipment supplied by domestic and globally renowned players. | - |
Competitive Analysis: Market Peers
( Not found )
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