Sanathan Textiles Limited - IPO
MAINBOARDSanathan Textiles Stock Price
Sanathan Textiles IPO Details
Sanathan Textiles IPO Subscription
Sanathan Textiles IPO Application Wise Breakup (Approx)
Sanathan Textiles IPO Dates
- 19 Dec 2024Opening dateOPD
- 23 Dec 2024Closing dateCOD
- 24 Dec 2024Basis of AllotmentBOA
- 26 Dec 2024Initiation of RefundsIOR
- 26 Dec 2024Credit of SharesCOS
- 27 Dec 2024Listing dateLID
Sanathan Textiles IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 46 | ₹14,766 |
| Retain Maximum | 13 | 598 | ₹191,958 |
| SHNI Minimum | 14 | 644 | ₹206,724 |
| SHNI Maximum | 67 | 3082 | ₹989,322 |
| BHNI Minimum | 68 | 3128 | ₹1,004,088 |
Sanathan Textiles IPO Reservation
Promoter Holding
Sanathan Textiles IPO Valuations
Sanathan Textiles Limited Financial Information
| 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 | ||||||||||||||||||||||||||||||||||||
| Revenue | 787.76 | 2,979.8 | 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 | 378.19 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
About Sanathan Textiles IPO
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
Strength Of Sanathan Textiles IPO
1. We are one of the few companies in India with presence across the polyester, cotton and technical textile sectors.
2. Focus on the product development of new products, through process innovation.
3. Fully integrated yarn manufacturing plant set up at a strategic location with equipment supplied by domestic and globally renowned players.
4. Long standing association with leading consumer brands with a low customer concentration.
5. Deep knowledge and understanding of optimal product assortment and strong supplier network enabling procurement at predicable and competitive pricing, leading to an overall efficient cycle.
6. Healthy financial performance.
7. Experienced management team with a proven track record.
Risk Of Sanathan Textiles IPO
1. The company does not have long-term agreements with a majority of its customers. Any changes or cancellations to the company's orders or its inability to forecast demand for its products may adversely affect the company's business, results of operations and financial condition.
2. Its business depends on the company's production facility in Silvassa and will also depend on its production facility being set up in Punjab. Any loss of or shutdown of operations of the production facilities on any grounds could adversely affect its business or results of operations.
3. The Company will not receive any proceeds from the Offer for Sale portion.
4. Its Statutory Auditors have drawn attention to qualitative matters of emphasis and a modified opinion on the Company's internal financial controls, in their examination report on the Restated Consolidated and Standalone Financial Information.
5. Its Promoters and members of the Promoter Group have significant control over the Company and have the ability to direct its business and affairs; their interests may conflict with your interests as a shareholder.
6. Any delays and/or defaults in customer payments could result in increase of working capital investment and/or reduction of the Company's profits, thereby affecting its operation and financial condition.
7. One of its Promoter was involved in a regulatory proceeding initiated by SEBI which has been settled. Any such regulatory proceedings, or any adverse action as a result of such regulatory proceedings, may affect its reputation or business.
8. Any variation in the utilization of the Net Proceeds as disclosed in this Draft Red Herring Prospectus shall be subject to certain compliance requirements, including prior Shareholders' approval.
9. If the company is unable to gauge the demand of its products accurately and are unable to maintain an optimal level of inventory, its business, results of operations and financial condition may be adversely affected.
10. The company does not have long term agreements for supply of its raw materials. If the company is unable to procure raw materials of the required quality and quantity, at competitive prices, its business, results of operations and financial condition may be adversely affected. Majority of its raw materials are sourced from few key suppliers. Discontinuation of operations of such suppliers may adversely affect its ability to source raw materials at a competitive price.
Objectives Sanathan Textiles IPO
- Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company.
- 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.
- General corporate purposes.
Company Contact Details
Sanathan Textiles Limited
SRV NO. 187/4/1/2,
Near Surangi Bridge,
Surangi, Dadra & Nagar Haveli, Silvassa 396230
Phone: +91 22 6634 3312
Email: investors@sanathan.com
Website: https://www.sanathan.co/
Registrar Contact Details
Lead Mangers
Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
ICICI Securities Limited