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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

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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

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 )

Sanathan Textiles Limited IPO FAQs

What is Sanathan Textiles Limited IPO?

Mumbai-based Sanathan Textiles, filed its draft red herring prospectus (DRHP) with the market regulator Sebi to raise funds through an Initial Public Offering (IPO). The issue size will be in the range of Rs 1,200-1,300 crore.

When will the Sanathan Textiles Limited IPO allotment be available?

Details are not available.

What will be the Sanathan Textiles Limited IPO lot size?

Details are not available.

When will Sanathan Textiles Limited IPO open for subscription?

Details are not available.

What minimum lot size can retail investors subscribe to?

The minimum investment size is one lot for retail investors.

When will Sanathan Textiles Limited list on exchanges?

Usually, it takes ten working days from the last day of subscription to finally list the IPOs on the stock exchanges.

How to check the allotment status of Sanathan Textiles Limited IPO?

Angel One investors can log in to their account to check the allotment status of Sanathan Textiles Limited IPO.

Which exchanges will Sanathan Textiles Limited IPO list on?

The IPO will list on NSE and BSE exchanges.

Is it possible for NRIs to use Angel One App to apply for Sanathan Textiles Limited IPO?

NRIs can apply for Sanathan Textiles Limited IPO through Angel One App using their UPI app if their bank supports it for NRE/NRO accounts.

Is it necessary to approve a UPI mandate request immediately?

Approving the UPI payment is the final step of the IPO application. You will get T+1 days to approve the payment mandate in your UPI handle.

How to apply for this Sanathan Textiles Limited IPO via the Angel One App?

To apply for the IPO from the Angel One app, search for Sanathan Textiles Limited in the active IPO list and click on apply.

What is the minimum order quantity for Sanathan Textiles Limited IPO?

Details are not available.

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