Sanathan Textiles IPO Details Today: Sanathan Textiles IPO is Open on [.] and Close on [.]. ABS Marine Services IPO to Raise [.] shares (Approx ₹[.] Cr) via IPO. The Fresh Issue of [.] shares (Approx ₹[.] Cr).
We are one of the few companies in India with presence across the polyester, cotton and technical textile sectors.
all the three yarn verticals are housed under a single corporate entity. This has facilitated our diversification into new segments which in turn has helped us in serving a large number of customers across various sectors.
we have more than 2,800 active varieties of yarn products (i.e. yarn products manufactured by us during 9 month period end December 31, 2023) and more than 30,000 stock keeping units (SKUs), and capability to 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.
We also have a high share of value-added products such as dope dyed, superfine / micro, functional, industrial and technical yarn, cationic dyeable and specialty yarn which are produced after extensive in-house research.
Our business is divided into three separate yarn business verticals, consisting of
- Polyester yarn products.
- Cotton yarn products.
- Yarns for technical textiles and industrial uses.
Our products are manufactured at our facility at Silvassa. Over the years, our Company has scaled up its production and as on December 31, 2023,
our facility at Silvassa had a total installed capacity of 223,750 MTPA across the three yarn verticals. While we manufacture products across all verticals, polyester yarn products continue to be our largest item of production.
We manufacture polyester chips using purified terephthalic acid (PTA) and mono ethylene glycol (MEG) and convert the chips into polyester yarn through various intermediate processing to impart specific properties to the yarn.
We expect the global yarn industry as well as the demand for yarn products to steadily grow over the next fewyears.
Increasing demand for apparel from the fashion industry coupled with the growth of e-commerce platforms is expected to drive the market over the forecast period. Indian textile and apparel industry is also projected to grow at a CAGR of 6.0-7.0% from Fiscal 2024 till Fiscal 2028.
future growth in Indian textile and apparel market will be led by various economic factors such as increase in discretionary income, rising urban population. Further, the demand is poised by increase in online retailing, shift from cotton to man-made fiber, robust growth of technical textiles segment. Additionally, global industry expanding outside of China would aid the Indian export markets in the growth trajectory.
We will seek to capitalize on the growth opportunities in the yarn industry considering our current scale of operations, network of distributors, number of customers that we cater to and spearheaded by an experienced management team.
We have, over the years, established long-standing relationship with consumer brands 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,
- Ganesha Ecosphere Limited,
- Udyogi International Private Limited,
- Page Industries Limited,
- D’Décor Home Fabrics Private Limited,
- Siyaram Silk Mills Limited,
- Duvalli S.A., G.M. Syntex Private Limited,
- Maruti Rub-Plast Private Limited,
- Geosys India Infrastructures Limited,
- Wildcraft India Limited,
- SRF Limited,
- RSWM Limited,
- Sangam (India) Limited,
- Ateliers Reunis De Filature, Abhay Trading Company and Ascent Yarns Private Limited.
we catered to 1,466 and 1,684 customers, respectively. While revenue from domestic sales is the largest component of our revenue from operations, a significant portion of our revenues also emanate from exports.
our Company exported its products to 26 and 29 countries, respectively. As on December 31, 2023,
we had more than 902 distributors in 7 countries including India, Argentina, Singapore, and Portugal.
Objects of the Issue
- Repayment and/ or pre-payment, in full or part, of certain borrowings availed by our Company.
- Investment in our subsidiary viz. Sanathan Polycot Private Limited for funding of its long-term working capital requirements.
- General corporatepurposes.
Qualitative Factors
- We are one of the few companies in India with 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 predicable and competitive pricing, leading to an overall efficient cycle.
- Healthy financial performance.
- Experienced management team with a proven track record.
Our Company Promoters
- Paresh VrajlalDattani
- Ajay Vallabhdas Dattani
- Dinesh Vrajdas Dattani
- Anilkumar Vrajdas Dattani
- D&J Family Trust
- P&B Family Trust
- A&J Family Trust
- Nimbus Trust
Comparison of Accounting Ratios with Industry Peers
- Sanathan Textiles Limited
- K.P.R. Mill Ltd
- Vardhman Textiles Ltd
- Indo Count Industries Ltd
- Filatex India Ltd
- Garware Technical Fibres Ltd
Sanathan Textiles Company Contact Details
SRV NO. 187/4/1/2, Near Surangi Bridge
Surangi, Dadra & Nagar Haveli
Silvassa –396230, India
Telephone: +91 91 260 3269197
E-mail: investors@sanathan.com
Website: www.sanathan.com
Sanathan Textiles IPO Registrar
KFin Technologies Limited
Selenium, Tower-B Plot No. 31 &32
Financial District Nanakramguda, Serilingampall,
Hyderabad –5000 032, Telangana, India
E-mail:stl.ipo@kfintech.com
Website: www.kfintech.com
Investor grievance e-mail: einward.ris@kfintech.com
Contact Person:M. Murali Krishna
Telephone Number: +91 40 6716 2222
