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Sanathan Textiles

Listed

IPO Timeline

Issue open date

19 Dec 2024

Issue close date

23 Dec 2024

UPI mandate deadline

23 Dec 2024

Allotment finalization

24 Dec 2024

Refund initiation

26 Dec 2024

Share credit

26 Dec 2024

Listing date

27 Dec 2024

Mandate end date

7 Jan 2025

Lock-in end date for anchor investors (50%)

23 Jan 2025

Lock-in end date for anchor investors (remaining)

24 Mar 2025

Grey Market Premium Trend

₹94
Current GMP
₹415
Est. Listing Price
29.3%
Est. Listing Gain
₹305 - ₹321
Price Band

GMP History

DateGMP (₹)Est. Listing Price (₹)Est. Listing Gain
26 Dec₹94₹41529.28%
25 Dec₹90₹41128.04%
24 Dec₹90₹41128.04%
23 Dec₹31₹3529.66%
21 Dec₹40₹36112.46%
20 Dec₹40₹36112.46%
19 Dec₹30₹3519.35%
18 Dec₹25₹3467.79%
17 Dec₹0₹3210.00%
16 Dec₹0₹3210.00%
15 Dec₹0₹3210.00%

Key Dates

Open
19 Dec 2024
Close
23 Dec 2024
Listing
27 Dec 2024

Quick Stats

Issue Size:550cr
Lot Size:46 shares

About the Company

Sanathan Textiles Limited, established in 2005, manufactures polyester, cotton, and technical yarns used in various sectors, including automotive, healthcare, and construction. The company operates from a facility in Silvassa, with an installed capacity of 223,750 MTPA. As of September 2024, it produces over 3,200 active yarn varieties and 45,000 stock-keeping units (SKUs), with the ability to create a diverse range of yarn products. Sanathan Textiles exports to several countries and has a network of distributors across India and internationally. The company supplies yarn to various clients in the textile and manufacturing sectors.

Strengths

No strengths provided as of now. Please check back later.

Risks

  • No long-term raw material agreements.
  • Demand forecasting and inventory management challenges.
  • High working capital needs and potential funding issues.
  • Customer payment delays/defaults.
  • Exposure to currency fluctuations and geopolitical risks (due to imports).
  • Impact of import duties/restrictions on export competitiveness.