Sanathan Textiles IPO: Check allotment status, GMP, listing date and other details

The share allotment of Sanathan Textiles IPO is likely to be finalised later today or tomorrow morning. Investors will get shares on a lottery basis and the whole process was supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.

They can check the allotment status through the BSE or by visiting the registrar’s website. Here’s how you can check the status on BSE or even on the registrar’s website.

Firstly, here’s how you can know the status on BSE

Step 1: Visit the BSE Website (https://www.bseindia.com/investors/appli_check.aspx)

Step 2: Please select the issue name, that is the company’s name in the drop down.

Step 3: Enter the application number or PAN number to check the allotment status.
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To check the status of Sanathan Textiles IPO allotment through the registrar, which is Kfin Technologies in this case, kindly follow the below steps.

Step 1: Visit the Kfin Technologies website (https://ipostatus.kfintech.com/)

Step 2: Select Sanathan Textiles IPO

Step 3: Enter the PAN details and click search to know the status

Sanathan Textiles GMP

The company’s shares are expected to get listed on the exchanges on December 27. According to market sources, Sanathan Textiles is trading with a GMP of Rs 70 in the grey market, which translates to a premium of 22% to the issue price.

Sanathan Textiles IPO subscription

The IPO of Sanathan Textiles received healthy response from investors with an overall subscription of 80 times at close. The Rs 550 crore IPO included a fresh equity issue of 1.24 crore shares and an offer for sale (OFS) of 46 lakh shares.

The proceeds from the offer will be used for repayment of debt, investment in their subsidiary Sanathan Polycot and general corporate purposes.
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Sanathan Textiles is one of the few companies (amongst their peer group) in India with presence across the polyester, cotton and technical textile sectors. Based on their operating income, they had a market share of 1.7% in the overall Indian textile yarn industry as of FY24.

Currently, all the three yarn verticals are housed under a single corporate entity. This has facilitated their diversification into new segments which in turn has helped them in serving many customers across various sectors.

As on September 2024, they have more than 3,200 active varieties of yarn products and over 45,000 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.

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