Sanathan Textiles IPO: Weaving Growth, Opening December 19

Sanathan Textiles Limited, a leading player in the textile yarn manufacturing industry, is set to launch its much-anticipated Initial Public Offering (IPO) on Thursday, December 19, 2024, with a price band of ₹305 to ₹321 per equity share of face value ₹10. The subscription window will close on Monday, December 23, 2024.

Key Details at a Glance:

• Price Band: ₹305–₹321 per share
• Bid Lot: Minimum of 46 equity shares, in multiples of 46 thereafter
• Offer Composition: Fresh issue of ₹4,000 million and offer-for-sale of ₹1,500 million

Leading in Textile Innovation

Sanathan Textiles operates across three diverse verticals:

1. Polyester Yarn Products
2. Cotton Yarn Products
3. Technical & Industrial Yarn Products

With a significant market share of 1.7% in the Indian textile yarn industry (CRISIL Report, FY2024), the company caters to multiple sectors, including automotive, healthcare, construction, sports, and protective clothing.

As of September 2024, Sanathan boasts 3,200+ active yarn varieties and 45,000+ SKUs, with the capacity to scale production across 14,000 yarn types and 190,000 SKUs. Its advanced manufacturing facility in Silvassa has an installed capacity of 223,750 MTPA, positioning the company as a powerhouse of innovation and value-added products.

Offering Excellence in Yarn

Sanathan specializes in dope-dyed, superfine, functional, industrial, and specialty yarns, developed through extensive R&D to meet evolving market needs.

IPO Management

The IPO is managed by DAM Capital Advisors Limited and ICICI Securities Limited, with KFin Technologies Limited as the registrar. The offer allocation includes:

• 50% for Qualified Institutional Buyers (QIBs)
• 15% for Non-Institutional Investors
• 35% for Retail Investors

With a robust product portfolio and an impressive growth trajectory, Sanathan Textiles Limited aims to scale new heights with this IPO. Investors can look forward to tapping into the growing demand for versatile and innovative textile solutions.