Sanathan Textiles IPO Details Today, GMP Price, Date, Review

Sanathan Textiles IPO Details Today, GMP Price, Date, Review

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. Currently, 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. As on December 31, 2023, 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 190,000SKUs 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 andtechnical yarn, cationic dyeable and specialty yarn which are produced after extensive in-house research. During the 9 months ended December 31, 2023, and Fiscals 2023, 2022, and 2021, our sale of value added productyarns (i.e.cationic dyeable, borndyed, functional, industrial, specialityand superfine /micro).

 

Objects of the Issue

  1. Repayment and/ or pre-payment, in full or part, of certain borrowings availed by our Company.
  2. Investment in our subsidiary viz. Sanathan Polycot Private Limited for funding of its long-term working capital requirements.
  3. 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

  1. Paresh VrajlalDattani
  2. Ajay Vallabhdas Dattani
  3. Dinesh Vrajdas Dattani
  4. Anilkumar Vrajdas Dattani
  5. D&J Family Trust
  6. P&B Family Trust
  7. A&J Family Trust
  8. 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

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