Sanathan Textiles IPO subscription status started on Thursday, December 19, 2024, and will close on December 23, 2024. The IPO aims to raise approximately ₹550 crores through public issuance. The allocation for investor categories includes 35% for Retail Investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for Non-Institutional Investors (NII). The price band is set at ₹305 to ₹321 per equity share, offering an opportunity for investors to participate in this anticipated offering.
The Sanathan Textiles IPO requires a minimum market lot of 46 shares, amounting to an application value of ₹14,766. This IPO is classified as a Mainboard IPO and will be listed on the BSE.
About Sanathan Textiles
Sanathan Textiles, founded in 2017, is one of the few companies in India that manufactures and supplies polyester yarns, cotton yarns, and yarns for technical textiles. The company manages three distinct yarn verticals under a single entity, offering a wide range of yarns used across various sectors and industries. As of June 30, 2024, Sanathan Textiles offers over 2,800 varieties of yarn products and more than 30,000 stock-keeping units (SKUs).
With the capability to produce more than 14,000 varieties of yarn, Sanathan Textiles caters to diverse end users. Unlike its competitors, the company specializes in high-value, standardized products such as dope-dyed, superfine/micro, functional, industrial, technical yarns, cationic dyeable, and specialty yarns. These products are the result of extensive research and are designed to meet specific customer needs, offering unique qualities. In the fiscal year 2024, Sanathan Textiles generated total revenue from operations of ₹29,575.04 million, accounting for 100% of its revenue.
GMP on IPO of Sanathan Textiles
For the latest updates on Sanathan Textiles IPO Grey Market Premium (GMP) and GMP of IPOs, please visit our IPO GMP Page. Stay informed on premium trends and investor interest before making your investment decision.
BapuKhabar View on Sanathan Textiles
We recommend investors consider applying for this IPO with a Long-Term Perspective, as it holds potential for growth in the coming years. However, before committing, it’s wise to review the QIB, NII, and Retail subscription numbers.
Sanathan Textiles IPO Subscription Status (Day Wise)
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.00 | 0.01 | 79.56 |
| NII | 0.33 | 1.61 | 44.39 |
| RII | 0.82 | 2.32 | 36.22 |
| Total | 0.48 | 1.53 | 36.9 |
Investor Insights
Employee Category (EMP): Reserved specifically for eligible employees, providing an opportunity to invest at the IPO price.
Qualified Institutional Buyers (QIB): Typically larger institutions, including mutual funds and banks, this category has shown [interest level, e.g., strong demand].
Non-Institutional Investors (NII): Includes corporate bodies and HNIs who often bid for a significant portion.
Retail Individual Investors (RII): Subscription levels in this category reflect the enthusiasm of individual retail investors.
Sanathan Textiles IPO Review and Rating
- Recommendation: Apply
- Rating: ★★★★☆ (4/5)
Sanathan Textiles IPO Forms
How to apply for the Sanathan Textiles IPO?
You can apply for the Sanathan Textiles IPO through the ASBA option available in your bank account. Simply log in to your online banking, navigate to the Invest section, and select the Sanathan Textiles IPO to apply directly. Alternatively, you can apply using IPO forms downloaded online. Download the blank Sanathan Textiles IPO forms, fill them out, and submit them at your bank or through your broker.
FAQs
When will the Sanathan Textiles IPO Subscription Start?
The IPO subscription starts on December 19, 2024 for QIB, NII, and Retail Investors.
How to Subscribe to the IPO?
You can subscribe via ASBA or non-ASBA options. Log in to your bank account and apply for the IPO through ASBA, or download the IPO application form, fill it out, and submit it to your broker or bank.
How Can I Check Live Sanathan Textiles IPO Subscription Numbers Today?
Visit our portal for live IPO subscription updates, which we refresh hourly from official sources. You can also check live subscription data on the official websites associated with the IPO.
How to Apply for the IPO through Zerodha?
- Log in to your Zerodha account (website or app).
- Go to Portfolio and select IPO.
- Select the IPO name and click on the Bid button.
- Enter your UPI ID, quantity, and price, then submit the application.
- Approve the mandate in your UPI app or Net Banking/BHIM App.
How to Apply for the IPO through Upstox?
- Log in to your Upstox account.
- Select the IPO name and click on Bid.
- Confirm your application and go to your UPI app or Net Banking/BHIM App to approve the mandate.
How to Apply for the IPO through Paytm Money?
- Log in to Paytm Money and select the IPO name.
- Click on the Bid button and confirm your application.
- Approve the mandate through your UPI app or Net Banking/BHIM App.
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