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Sanathan Textiles IPO is a book-built issue worth ₹550.00 crores, comprising a fresh issue of 1.25 crore shares aggregating to ₹400.00 crores and an offer for sale of 0.47 crore shares aggregating to ₹150.00 crores.
The IPO opens for subscription on December 19, 2024, and closes on December 23, 2024. The allotment status is expected to be finalized on Tuesday, December 24, 2024, with the tentative listing date set for Friday, December 27, 2024, on the BSE and NSE. Investors can check IPO allotment status through the registrar's portal.
The price band for the Sanathan Textiles IPO is set at ₹305 to ₹321 per share. The minimum lot size for retail investors is 46 shares, requiring an investment of ₹14,766. For sNII investors, the minimum investment is 14 lots (644 shares), amounting to ₹2,06,724, while for bNII investors, it is 68 lots (3,128 shares), totaling ₹10,04,088.
For real-time updates, including IPO GMP (Grey Market Premium) and market trends, investors can monitor platforms like IPO Watch. The IPO grey market activity is often indicative of listing expectations.
Dam Capital Advisors Ltd (formerly IDFC Securities Ltd) and ICICI Securities Limited are the Book Running Lead Managers for the IPO, while Kfin Technologies Limited serves as the registrar for the issue.
For detailed information, including IPO GMP updates, allotment status, and market insights, please refer to the Sanathan Textiles IPO Red Herring Prospectus (RHP) or platforms like IPO Watch.
| IPO Date | December 19, 2024 to December 23, 2024 |
| Listing Date | December 27, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹305 to ₹321 per share |
| Lot Size | 46 Shares |
| Total Issue Size | 1,71,33,958 shares (aggregating up to ₹550.00 Cr) |
| Fresh Issue | 1,24,61,060 shares (aggregating up to ₹400.00 Cr) |
| Offer for Sale | 46,72,898 shares of ₹10 (aggregating up to ₹150.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre-Issue | 7,19,43,000 shares |
| Share Holding Post Issue | 8,44,04,060 shares |
| IPO Open Date | Thursday, December 19, 2024 |
| IPO Close Date | Monday, December 23, 2024 |
| Basis of Allotment | Tuesday, December 24, 2024 |
| Initiation of Refunds | Thursday, December 26, 2024 |
| The credit of Shares to Demat | Thursday, December 26, 2024 |
| Listing Date | Friday, December 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 23, 2024 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 46 | ₹14,766 |
| Retail (Max) | 13 | 598 | ₹1,91,958 |
| S-HNI (Min) | 14 | 644 | ₹2,06,724 |
| S-HNI (Max) | 67 | 3,082 | ₹9,89,322 |
| B-HNI (Min) | 68 | 3,128 | ₹10,04,088 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Offer |
| 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 | 281.00 | 378.19 |
The Sanathan Textiles IPO offers an investment opportunity with a total issue size of ₹550.00 crores, including a fresh issue of ₹400.00 crores and an offer for sale of ₹150.00 crores. With a price band of ₹305 to ₹321 per share, the IPO opens for subscription on December 19, 2024, and closes on December 23, 2024. Investors can check the IPO allotment status on December 24, 2024, and monitor the listing on December 27, 2024, on BSE and NSE.
For retail investors, the minimum lot size is 46 shares with an investment of ₹14,766. Market participants can keep track of the IPO GMP (grey market premium) and market trends through platforms like IPO Watch, which also provides updates on the IPO grey market activity. This information helps investors make informed decisions about subscriptions and potential listing gains.
Overall, the Sanathan Textiles IPO appears to be an attractive option for investors seeking new opportunities. For the latest updates, including IPO allotment, GMP trends, and performance analysis, investors can regularly check trusted platforms like IPO Watch for accurate insights.
