Sanathan Textiles IPO: The preliminary public providing (IPO) of polyester yarn producer Sanathan Textiles Ltd is ready to hit Dalal Avenue on Thursday. The ₹550-crore price Sanathan Textiles IPO will stay open for bidding until December 23.
Sanathan Textiles’ enterprise is split into three separate yarn enterprise verticals, consisting of polyester yarn merchandise, cotton yarn merchandise and yarns for technical textiles and industrial makes use of.
The corporate plans to go public with and lift ₹550 crore from the first markets. Listed below are 10 key particulars of Sanathan Textiles IPO:
Sanathan Textiles IPO: 10 key issues to know
1] Sanathan Textiles IPO Dates: Sanathan Textiles IPO opens for public subscription on Thursday, December 19, and closes on Monday, December 23.
2] Sanathan Textiles IPO Worth Band: Sanathan Textiles IPO worth band is ready at ₹305 to ₹321 per share.
3] Sanathan Textiles IPO Lot Measurement: Sanathan Textiles IPO lot measurement is 46 shares. The minimal funding quantity required by retail traders is ₹14,766.
4] Sanathan Textiles IPO Particulars: Sanathan Textiles IPO measurement is ₹550 crore, which is a mix of recent difficulty of 1.25 crore fairness shares aggregating to ₹400 crore and an offer-for-sale (OFS) element of 47 lakh shares price ₹150 crore.
5] Sanathan Textiles IPO OFS: Within the OFS portion of Sanathan Textiles IPO, the promoting shareholders embody promoter and promoter group entities. They’re Paresh Dattan, Ajay Dattani, Anilkumar Dattani, Dinesh Dattani, Vajubhai Investments Pvt Ltd, Vallabhdas Dattani HUF, Sonali Dattani, Dattani Dineshkumar Vrajdas HUF, Beena Paresh Dattani and Anilkumar Vrajdas Dattani HUF.
6] Sanathan Textiles IPO Allotment: Sanathan Textiles IPO allotment is predicted to be finalized on December 24. The corporate will credit score the fairness shares into the demat accounts of the eligible allottees on December 26 and provoke refunds to unsuccessful bidders on the identical day.
7] Sanathan Textiles IPO Itemizing: Sanathan Textiles IPO itemizing date is probably going December 27. Sanathan Textiles shares can be listed on each the inventory exchanges, BSE and NSE.
8] Sanathan Textiles IPO Registrar, BRLM: Dam Capital Advisors Ltd and ICICI Securities are the ebook working lead managers of the Sanathan Textiles IPO, whereas Kfin Applied sciences is the IPO registrar.
9] Sanathan Textiles IPO Reservation: The corporate has reserved 50% of shares within the IPO for Certified Institutional Consumers (QIB), whereas 35% of the provide is reserved for Retail traders and 15% of the provide is reserved for Non-Institutional Traders (NII).
10] Sanathan Textiles IPO GMP: Sanathan Textiles shares are commanding a good gray market premium (IPO) forward of the problem opening. In keeping with inventory market observers, Sanathan Textiles IPO GMP in the present day is ₹25 per share. This means that Sanathan Textiles shares are buying and selling at ₹346 apiece within the gray market, a premium of seven.79% to the IPO worth of ₹321 per share.
Disclaimer: The views and suggestions made above are these of particular person analysts or broking corporations, and never of Mint. We advise traders to verify with licensed consultants earlier than making any funding selections.
