Sanathan Textiles Limited IPO GMP

Sanathan Textiles is a polyester yarn manufacturer and a global supplier of Cotton Yarns, Polyester Yarns and Yarns for Technical Textiles. Having 3 yarn business verticals gives them the unique opportunity to offer a wide variety of yarns that are used by various sectors and industries, across applications and end-uses.

Sanathan Textiles, an Book Built Issue amounting to ₹550.00 Crores, consisting an Fresh Issue of 124.61 Lakh Shares worth ₹400.00 Crores and an Offer for Sale of 46.72 Lakh Shares totalling to ₹150.00 Crores. The subscription period for the Sanathan Textiles IPO opens on December 19, 2024, and closes on December 23, 2024. The allotment is expected to be finalized on or about Tuesday, December 24, 2024, and the shares will be listed on the BSE & NSE with a tentative listing date set on or about Friday, December 27, 2024.

The Share price band of Sanathan Textiles IPO is set at ₹305 to ₹321 per equity share. The Market Capitalisation of the Sanathan Textiles Limited at IPO price of ₹321 per equity share will be ₹2,709.37 Crores. The lot size of the IPO is 46 shares. Retail investors are required to invest a minimum of ₹14,766, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (644 shares), amounting to ₹2,06,724.

DAM Capital Advisors Limited and ICICI Securities Limited are the book-running lead manager while KFin Technologies Limited is the registrar for the Issue. 

Sanathan Textiles Limited IPO GMP Today
The Grey Market Premium of Sanathan Textiles Limited IPO is expected to be ₹28 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Sanathan Textiles Limited Day Wise IPO GMP Trend 

Sanathan Textiles Limited IPO Live Subscription Status Today: Real-Time Update
As of 07:00 PM on 23 December 2024, the Sanathan Textiles IPO live subscription status shows that the IPO subscribed 35.12 times on its Final day of subscription period. Check the Sanathan Textiles IPO Live Subscription Status Today at BSE.

Sanathan Textiles IPO Anchor Investors Report
Sanathan Textiles has raised ₹164.99 Crores from Anchor Investors at a price of ₹321 per shares in consultation of the Book Running Lead Managers. The company allocated 51,40,186 equity shares to the Anchor Investors. Check Full List of Sanathan Textiles Anchor Investor List.

Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion

Sanathan Textiles Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Sanathan Textiles IPO allotment date is 24 December, 2024, Tuesday. Sanathan Textiles IPO Allotment will be out on 24th December 2024 and will be live on Registrar Website from the allotment date. Check Sanathan Textiles IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Sanathan Textiles Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Sanathan Textiles Limited IPO
Sanathan Textiles proposes to utilise the Net Proceeds towards the following objects: 
1. ₹1,600.00 Million is required for the Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company;
2. ₹1,400.00 Million is required for the Investment in their subsidiary viz. Sanathan Polycot Private Limited, for repayment and/ or pre-payment, in full or part, of certain borrowings availed by their subsidiary viz. Sanathan Polycot Private Limited; and
3. General corporate purposes.

Refer to Sanathan Textiles Limited RHP for more details about the Company.