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2 min read | Updated on December 26, 2024, 07:29 IST
SUMMARY
Sanathan Textiles IPO allotment: Investors who applied for the Sanathan Textiles IPO can check the details of finalisation on the websites of the registrar, Kfin Technologies, as well as on the BSE and the NSE.
Incorporated in 2005, Sanathan Textiles is a yarn manufacturer.
Sanathan Textiles IPO allotment status was finalised on Tuesday, December 24. During the bidding period, the initial share sale garnered 35.12 subscription.
According to the consolidated data on the NSE, the IPO received bids for 44.32 crore shares as against 1.26 crore shares on offer.
The part reserved for qualified institutional buyers (QIBs) fetched 75.62 times the subscription, while the non-institutional investors' chunk was subscribed 42.21 times. The retail investors' portion got subscribed 8.93 times.
Investors who applied for the Sanathan Textiles IPO can check the details of finalisation on the websites of the registrar, Kfin Technologies, as well as on the BSE and the NSE.
Shares of Sanathan Textiles will debut on the National Stock Exchange (NSE) and the BSE on December 27 at 10 am.
The ₹550 crore IPO had set a price range of ₹305-₹321 per share. It was a mix of fresh issuance of 400 crore and an ₹150 crore worth of OFS.
The company intends to use fresh issue proceeds to clear off debt, invest in a subsidiary, debt repayment and corporate general purposes.
Sanathan Textiles operates in three distinct yarn business verticals -- cotton yarns, polyester yarns, and yarns -- for technical textiles and industrial applications. These verticals are managed under a single corporate entity.
Particulars | FY22 | FY23 | FY24 | Q1FY25 |
---|---|---|---|---|
Revenue | ₹3,185.32cr | ₹3,329.21cr | ₹2,957.50cr | ₹781.13cr |
Net Profit | ₹355.44cr | ₹152.74cr | ₹133.85cr | ₹50.07cr |
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