Sanathan Textiles IPO Details, Financials, Valuation & Peers
Explore Sanathan Textiles IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Sanathan Textiles Limited is a textile company in India with a diversified presence across polyester, cotton, and technical textiles. The company serves a wide range of industries, including automotive, healthcare, construction, sports, outdoor gear, and protective clothing. Sanathan Textiles holds a 1.7% market share in the Indian textile yarn industry (Fiscal 2024) and is recognized for its innovation, value-added products, and environmentally conscious practices. The company operates from its state-of-the-art facility in Silvassa, which boasts a total installed capacity of 223,750 MTPA, and offers a broad product portfolio that includes over 14,000 varieties of yarn and 190,000 stock-keeping units (SKUs). Sanathan Textiles exports to multiple countries and has been designated as a ‘Three Star Export House’ in recognition of its contributions to India’s exports. With a focus on sustainability, Sanathan has implemented renewable energy solutions, including rooftop solar projects at its facility, contributing to cleaner energy consumption.
Key Points:
- Product Portfolio: Offers over 14,000 yarn varieties and 190,000 SKUs, catering to sectors like automotive, healthcare, construction, sports, and protective clothing.
- Market Position: Holds a 1.7% market share in the Indian textile yarn industry (Fiscal 2024).
- Production Facility: Manufacturing unit in Silvassa with a capacity of 223,750 MTPA, specializing in polyester, cotton, and technical yarns.
- Value-Added Products: Produces specialized yarns like dope-dyed, superfine, functional, industrial, and technical yarns tailored to customer needs.
- Global Reach: Exports to 29 countries (Fiscal 2023), with a strong presence in India, Argentina, Singapore, Germany, Greece, Canada, and Israel.
- Client Base: Long-standing relationships with leading brands such as Welspun India, Siyaram Silk Mills, D'Décor Home Fabrics, and Page Industries.
- Distribution Network: Over 925 distributors across 7 countries, supporting widespread market penetration.
- Revenue Mix: Significant revenue from domestic sales, complemented by a growing export portfolio.
- Growth Opportunities: Positioned to capitalize on increasing demand for textiles driven by fashion, e-commerce, and technical textile applications, as well as global market expansion beyond China.
Objects of the Issue
- Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company
- Investment in the subsidiary viz. Sanathan Polycot Private Limited, for repayment and/ or pre-payment, in full or part, of certain borrowings availed by the subsidiary viz. Sanathan Polycot Private Limited
- General corporate purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 19 Dec - 23 Dec 2024 |
| IPO Price Band | ₹305 - ₹321 per share |
| Fresh Issue | ₹400 crore |
| Offer For Sale | ₹150 crore |
| Total IPO Size | ₹550 crore |
| Face Value | ₹10 |
| Listing On | BSE, NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 19 Dec 2024 |
| IPO Closing Date | 23 Dec 2024 |
| Basis Of Allotment | 24 Dec 2024 |
| Refunds | 26 Dec 2024 |
| Demat Transfer | 26 Dec 2024 |
| IPO Listing Date | 27 Dec 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Jun 2024 |
|---|---|---|---|---|
| Total Income | 3,201.46 | 3,345.02 | 2,979.80 | 787.76 |
| Total Expenses | 2,722.34 | 3,135.59 | 2,798.40 | 720.99 |
| Net Profit/Loss | 355.44 | 152.74 | 133.85 | 50.07 |
| NPM (*) | 11.16 | 4.59 | 4.53 | 6.41 |
| Total Assets | 1,796.47 | 1,906.67 | 2,203.68 | 2,529.53 |
| Total Liabilities | 809.83 | 766.56 | 928.71 | 1,204.64 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Jun 2024 |
|---|---|---|---|---|
| EPS | 49.40 | 21.24 | 18.60 | 6.96 |
| ROE (%) | 43.95 | 14.36 | 11.09 | 15.41 |
| ROCE (%) | 35.83 | 15.54 | 11.80 | 14.04 |
| D/E Ratio | 0.38 | 0.25 | 0.30 | 0.49 |
| Current Ratio | 1.87 | 1.72 | 1.80 | 1.86 |
| EBITDA MARGIN (%) | 16.88 | 7.80 | 7.66 | 9.79 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Sanathan Textiles Limited | 2,957.50 | 17.26 | 18.60 | 10.42 | 177.22 |
| K.P.R. Mill Ltd | 6,059.68 | 39.68 | 23.56 | 18.48 | 127.50 |
| Vardhman Textiles Ltd | 9,504.68 | 21.19 | 22.20 | 7.00 | 314.69 |
| Indo Count Industries Ltd | 3,557.07 | 22.75 | 17.06 | 16.35 | 105.48 |
| Filatex India Ltd. | 4,285.90 | 24.30 | 2.49 | 9.19 | 27.13 |
| Garware Technical Fibres Ltd. | 1,325.61 | 39.57 | 102.16 | 16.87 | 621.49 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
IPO Reservation
| Investor Type | Shares Offered |
|---|---|
| Qualified Institutional Buyer (QIB) | Not less than 50% |
| Non-Institutional Investor (NII/HNI) | Not less than 15% |
| Retail Individual Investor (RII) | Not less than 35% |
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 79.59 |
| Non-Institutional Investor (NII/HNI) | 44.39 |
| Retail Individual Investor (RII) | 9.31 |
| Total | 36.9 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222/ 18003094001
Email: einward.ris@kfintech.com
Website: www.kfintech.com
Company Promoters
- PARESH VRAJLAL DATTANI
- AJAY VALLABHDAS DATTANI
- ANILKUMAR VRAJDAS DATTANI
- DINESH VRAJDAS DATTANI
- NIMBUS TRUST
- D&G FAMILY TRUST
- A&J FAMILY TRUST
- P&B FAMILY TRUST
Lead Managers
- DAM Capital Advisors Limited
- ICICI Securities Limited
Company Address
Sanathan Textiles Limited
SRV NO. 187/4/1/2, Near Surangi Bridge, Surangi, Dadra & Nagar Haveli, Silvassa - 396230, India
Phone: + 91 22 6634 3312/3/4/5/6
Email: investors@sanathan.com
Website: https://www.sanathan.com
FAQs
- What is the issue size of the Sanathan Textiles IPO?The Sanathan Textiles IPO has an issue size of ₹550 crore. This includes a fresh issue of ₹400 crore and an offer for sale (OFS) of ₹150 crore.
- What is the price band of the Sanathan Textiles IPO?The price band for the Sanathan Textiles IPO is ₹305 - ₹321 per share.
- What are the bidding dates for the Sanathan Textiles IPO?The Sanathan Textiles IPO will open for bidding on 19 Dec 2024 and close on 23 Dec 2024.
- What is the allotment date for the Sanathan Textiles IPO?The allotment date for the Sanathan Textiles IPO is 24 Dec 2024.
- What is the minimum lot size and investment required for the Sanathan Textiles IPO?The minimum lot size for the Sanathan Textiles IPO is 46 shares and the minimum investment required is ₹14,766.
- What is the listing date for the Sanathan Textiles IPO?The listing date for the Sanathan Textiles IPO is 27 Dec 2024.
- What is the Sanathan Textiles IPO grey market premium?The grey market premium (GMP) for the Sanathan Textiles IPO is currently at ₹87, with an expected listing gain of approximately 27.1%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.