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Sanathan Textiles Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Sanathan Textiles Ltd IPO

Registered Office: SRV No 187/4/1/2,Near Surangi Silvassa , Dadra & Nagar Haveli - 396230 , Union Territory , India.
Phone : +91 22 6634 3312/3/4/5/6   Fax:
Email :  investors@sanathan.com  
Website :  https://www.sanathan.com
Initial public offer of up to [*] equity shares of face value of (Rs)10 each (Equity Shares) of Sanathan Textiles Limited ("Company" or "Issuer") for cash at a price of [*] per equity share (including a share premium of (Rs)[*] per equity share) (offer price) aggregating up to (Rs)550.00 crores (offer) comprising a fresh issue of up to [*] equity shares aggregating up to (Rs)400.00 crores by the company (fresh issue) and an offer for sale of up to [*] equity shares aggregating up to (Rs)150.00 crores by the selling shareholders (offer for sale) comprising up to [*] equity shares aggregating up to (Rs)30.94 crores by Paresh Vrajlal Dattani, up to [*] equity shares aggregating up to (Rs)34.68 crores by Ajay Vallabhdas Dattani, up to [*] equity shares aggregating up to (Rs)35.56 crores by Anilkumar Vrajdas Dattani, up to [*] equity shares aggregating up to (Rs)37.19 crores by Dinesh Vrajdas Dattani (the "Promoter Selling Shareholders"), up to [*] equity shares aggregating up to (Rs)0.25 crores by Vajubhai Investments Private Limited, up to [*] equity shares aggregating up to (Rs)0.25 crores by Vallabhdas Dattani Huf, up to [*] equity shares aggregating up to (Rs)2.25 crores by Sonali Ajaykumar Dattani, up to [*] equity shares aggregating up to (Rs)0.25 crores by Dattani Dineshkumar Vrajdas Huf and up to [*] equity shares aggregating up to (Rs)3.50 crores by Beena Paresh Dattani , up to [*] equity shares aggregating up to (Rs)1.75 crores by Anilkumar Vrajdas Dattani Huf, up to [*] equity shares aggregating up to (Rs)3.00 crores by Paresh Kumar V Dattani Huf, up to [*] equity shares aggregating up to (Rs)0.13 crores by Jayshree Anilkumar Dattani, up to [*] equity shares aggregating up to (Rs)0.25 crores by Vallabhdas Dattani and up to [*] equity shares aggregating up to (Rs)0.013 crores by Ajay Kumar V Dattani Huf (the "Promoter Group Selling Shareholders" and together with the promoter selling shareholders, collectively referred as "Selling Shareholders and such offer for sale by the selling shareholders, the "Offer for Sale"). Price Band: (Rs)305 to (Rs)321 per equity share of face value of (Rs)10 each. The Floor price is 30.50 times the face value of the equity shares and cap price is 32.10 times the face value of the equity shares. Bid can be made for a minimum of 46 equity shares and in multiples of 46 equity shares.

Issue Money Payable On
Opens On Closes On Application Allotment
19-Dec-24 23-Dec-24 (Rs)305.00-321.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :46  Further Multiples of :46

  (Rs Cr) Lead Managers to the Issue
Project Cost 0.00
DAM Capital Advisors Ltd
Project Financed through Current Offer 550.00  
Post Issue Equity Share Capital 84.40  
Issue Price (Rs)305.00  
 
Projects
Repayment or pre-payment in full or in part of certain of its outstanding borrowings availed by the companyGeneral corporate purposes
Investment in its subsidiary viz Sanathan Polycot Pvt Ltd for funding of its long-term working capital requirements
Promoted By
Paresh Vrajlal Dattani  
Ajay Vallabhdas Dattani  
Anilkumar Vrajdas Dattani  
Listing At
BSE 
NSE 
Registrar to the Issue
KFin Techologies Ltd