Sanathan Textiles Limited 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

Sanathan Textiles Limited Financial Information (Restated Consolidated)

Sanathan Textiles Limited’s revenue decreased by -11% and profit after tax (PAT) dropped by -12% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets2,529.532,203.681,906.671,796.47
Revenue787.762,979.83,345.023,201.46
Profit After Tax50.07133.85152.74355.44
Net Worth1,324.061,273.981,140.13987.39
Total Borrowing644.93379.88281378.19
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of Sanathan Textiles IPO is Rs 2709.37 Cr.

KPI as of Sun, Mar 31, 2024.

KPIValues
ROE11.09%
ROCE11.80%
RoNW10.42%
Price to Book Value1.81
 

Objects of the Issue (Sanathan Textiles IPO Objectives)

The company proposes to utilise the Net Proceeds towards the following objects:

  1. Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company;
  2. 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; and
  3. General corporate purposes.

Sanathan Textiles IPO Details

IPO DateDecember 19, 2024 to December 23, 2024
Listing Date[.]
Face Value₹10 per share
Price Band₹305 to ₹321 per share
Lot Size46 Shares
Total Issue Size1,71,33,958 shares
(aggregating up to ₹550.00 Cr)
Fresh Issue1,24,61,060 shares
(aggregating up to ₹ 400.00 Cr)
Offer for Sale46,72,898 shares of ₹10
(aggregating up to ₹150.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share Holding Pre Issue7,19,43,000 shares
Share Holding Post Issue8,44,04,060 shares

Sanathan Textiles IPO Promoter Holding

Nimbus Trust, D&G Family Trust, A&J Family Trust, P&B Family Trust, Paresh Vrajlal Dattani, Ajay Vallabhdas Dattani, Anilkumar Vrajdas Dattani and Dinesh Vrajdas Dattani are the promoters.

Share Holding Pre Issue100%
Share Holding Post Issue 

SHARIAH SCREENING for - Sanathan Textiles Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

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