Sanathan Textiles
Book Building issueMainboardNSE₹550 Cr issue
+30.56%
Listing gain over issue price
Issue size
₹550 Cr
1 lot at cut-off
₹14,766
Lot size
46shares
Open
19 Dec 2024
Close
23 Dec 2024
Allotment
24 Dec 2024
Listing
27 Dec 2024
Listing performance
Issue price
₹321
Listed at
₹419.10
Listing-day close
₹389
Latest price
₹498.80
Close on 23 Oct 2026
Listing gain
+30.56%
Return since issue
+55.39%
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 19 Dec 2024 – 23 Dec 2024
- Listing date
- 27 Dec 2024
- Face value
- ₹10 per share
- Issue price
- ₹321 per share
- Lot size
- 46 shares
- Issue type
- Book Building issue
- Listing at
- NSE
- Total issue size
- ₹550 Cr
- Market cap at offer price
- ₹2,709 Cr
- Promoter holding
- 98.61% → 78.52% pre-issue → post-issue
- ISIN
- INE0JPD01013
- Registrar
- Kfin Technologies Ltd.
- Lead managers
- Dam Capital Advisors Ltd.
- Registered office
- SRV NO.187/4/1/2, Near Surangi Bridge, Surangi, Dadra and Nagar Haveli and Daman and Diu
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 51,40,186 | — | — |
| Market maker | 0 | — | — |
Application size
Minimum 46 shares per lot, in multiples, at ₹321
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 46 | ₹14,766 |
| Retail (max) | 13 | 598 | ₹1,91,958 |
| S-HNI (min) | 14 | 644 | ₹2,06,724 |
| S-HNI (max) | 67 | 3,082 | ₹9,89,322 |
| B-HNI (min) | 68 | 3,128 | ₹10,04,088 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Shares allocated
51,40,186
Anchor portion
₹165 Cr
at ₹321 per share
Valuation and performance
Valuation at offer price
₹321 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 18.60 | 23.73 |
| P/E (×) | 17.26 | 13.53 |
| Price to book (×) | 1.81 | — |
| Market cap | — | ₹2,709 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 10.42%
- ROCE
- 11.80%
- Debt / equity
- 0.17
- PAT margin
- 4.53%
- NAV per share
- ₹177.22
- Price to book
- 1.81
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Sanathan Textiles
Sanathan Textiles Limited, incorporated in 2005 and converted to public company in 2021, is engaged in manufacturing textile yarn through three business verticals: polyester yarn products, cotton yarn products, and yarns for technical textiles and industrial uses. The company operates primarily from its Silvassa facility with installed capacity of 223,750 MTPA as of June 30, 2024. It generates revenue through distribution channels serving customers across India and internationally. The company has subsidiaries Universal Texturisers Private Limited and Sanathan Polycot Private Limited, with the latter being a material subsidiary commissioning a new polyester yarn manufacturing facility in Wazirabad, Punjab.
Company Analysis
from RHPSanathan Textiles Limited manufactures textile yarn across polyester, cotton, and technical textiles segments for diverse industrial and consumer applications.
Sanathan Textiles Limited, incorporated in 2005 and converted to public company in 2021, is engaged in manufacturing textile yarn through three business verticals: polyester yarn products, cotton yarn products, and yarns for technical textiles and industrial uses. The company operates primarily from its Silvassa facility with installed capacity of 223,750 MTPA as of June 30, 2024. It generates revenue through distribution channels serving customers across India and internationally. The company has subsidiaries Universal Texturisers Private Limited and Sanathan Polycot Private Limited, with the latter being a material subsidiary commissioning a new polyester yarn manufacturing facility in Wazirabad, Punjab.
Textile manufacturingPolyester yarnCotton yarnTechnical textiles
Objects of the Issue
- Repayment or pre-payment, in full or in part, of certain outstanding borrowings availed by our Company ₹1,600.00 million p.27
- Investment in subsidiary Sanathan Polycot Private Limited, for repayment and/or pre-payment, in full or part, of certain borrowings availed by the subsidiary ₹1,400.00 million p.27
- General corporate purposes p.27
- Investment in subsidiary Sanathan Polycot Private Limited for repayment and/or pre-payment of certain borrowings ₹1,400.00 million p.52
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company ₹ 1,600.00 million p.144
- Investment in our subsidiary viz. Sanathan Polycot Private Limited, for repayment and/ or pre-payment, in full or part, of certain borrowings availed by our subsidiary viz. Sanathan Polycot Private Limited ₹ 1,400.00 million p.152
- General corporate purposes p.156
- Not specified in this document section - Objects of the Offer section not included in Part 4
- Funding capex for the Punjab Manufacturing Facility p.248
Issue Structure
- Total Issue
- Up to [●] Equity Shares aggregating up to ₹5,500.00 million
- Fresh Issue
- Up to [●] Equity Shares aggregating up to ₹4,000.00 million
- Offer for Sale
- Up to [●] Equity Shares aggregating up to ₹1,500.00 million
- Price Band
- [●] to [●]
- Lot Size
- [●]
- Face Value
- ₹10 each
Business Model
The company manufactures and sells textile yarn products through a distributor-based model. During Fiscal 2024, 94.48% of revenue came from distributors. Products are sold on both cash and credit basis. The company maintains three distinct yarn production verticals and serves multiple end-use segments. Revenue is derived from both domestic sales (primarily in Gujarat, Maharashtra, and Punjab) and export markets.
Business Segments
Manufacturing of polyester yarn for various applications
Manufacturing of cotton yarn for various applications
Manufacturing of yarns for technical textiles and industrial applications
Manufacturing and sale of polyester yarn products
Manufacturing and sale of cotton yarn products
Manufacturing and sale of industrial and technical textile yarns
Manufacturing and sale of polyester filament yarn products
Manufacturing and sale of cotton yarn products
Manufacturing of technical textile yarns for application in automotive, healthcare, construction, sports and outdoor, and protective clothing segments
Manufacturing of polyester filament yarn (PFY) and polyester staple fiber (PSF) for use in fabrics and garments
Manufacturing of cotton yarn for textile applications
Manufacturing of industrial and technical textiles
Manufactures polyester partially oriented yarn (POY), draw textured yarn (DTY), air-textured yarn (ATY), fully drawn yarn (FDY), twisted yarn, recycled yarn and blended yarn in various filaments, deniers, lustres and colours using dope-dyed technology. Products used in apparel, sports and athleisure, active and innerwear, home textiles, technical textiles, travel and leisure, logistics and mobility, medical purposes and other applications.
Manufactures cotton carded yarn, cotton combed compact yarn and other cotton yarn types used for industrial purposes, weaving, knitting, flat knits, protective apparel, denim and other applications.
Manufactures yarns for technical textiles and industrial end-uses including Indutech (ropes, cordages, drive belts, conveyer belts), MobilTech (seat covers, seat belts, cabin filters), SportTech (sports nets, parachutes, artificial grass), Buildtech (floor coverings, scaffolding nets), HomeTech (blinds, mosquito nets, carpet backing), ClothTech (elastic fabrics, shoelaces), AgroTech (fishing nets, crop covers), ProTech (protective clothing), PackTech (soft luggage) and GeoTech (geogrids, geonets).
Manufactures and sells polyester yarn
Manufactures and sells cotton yarn
Manufactures and sells industrial and technical textile yarns
Manufacturing of polyester yarn including Partially Oriented Yarn (POY), Fully Drawn Yarn (FDY), and related polyester yarn products
Manufacturing of cotton yarn for textile applications
Manufacturing of technical and industrial textile yarns for applications in automotive, healthcare, construction, sports and outdoor, and protective clothing sectors
SWOT Analysis
Strengths
- • Diversified yarn portfolio across polyester, cotton, and technical textiles(p.26)
- • Broad geographic distributor network supporting growth(p.41)
- • Capacity utilization exceeding 100% despite price pressures(p.29)
- • High capacity utilization rates exceeding 100%(p.57)
- • Perfect customer retention ratio(p.50)
- • Significant value-added product portfolio(p.63)
- • Established brand recognition with multiple trademarks(p.61)
- • Substantial insurance coverage(p.65)
- • Strong profitability metrics compared to peers(p.168)
- • Efficient working capital management relative to competitors(p.168)
- • Low leverage position in the industry(p.168)
- • Superior asset utilization efficiency(p.168)
- • Highest EBITDA margin among peers in fiscal 2022(p.168)
- • Diversified presence across polyester, cotton, and technical textile segments(p.246)
- • High share of value-added products with strong technical capabilities(p.246)
- • Extensive product portfolio with 14,000+ varieties and 190,000+ SKUs(p.246)
- • Consistent high capacity utilization exceeding 100%(p.246)
- • Strategic location in West Gujarat with integrated polyester facilities(p.247)
- • Long-standing relationships with leading consumer brands with low customer concentration(p.248)
- • Top 10 customers represent only 24.79% of revenue in Q1 FY25, indicating low concentration(p.249)
- • Experienced management team with 160+ years cumulative textile industry experience(p.250)
- • Strong financial performance with healthy EBITDA and profit margins(p.250)
- • Established governance structure with independent board oversight(p.296)
- • Risk management framework covering operational, financial, cyber and ESG risks(p.301)
- • Comprehensive compliance systems for insider trading and market practices(p.297)
- • Experienced senior management with average 13+ years in textiles industry(p.304)
- • Minimal credit losses with strong receivables management(p.359)
- • Stable cash position and liquidity reserves(p.360)
- • Strong equity base and capital structure(p.361)
- • Diversified ownership structure with family trusts providing stability(p.362)
- • Diversified presence across polyester, cotton, and technical textiles segments with multi-end-use applications(p.425)
- • Established market position with 1.7% market share in Indian textile yarn industry(p.425)
- • Extensive product portfolio of over 3,200 active yarn varieties(p.425)
- • Experienced promoter team with 27-44 years of textile industry experience(p.428)
- • Strong capacity utilization exceeding 100% and plans for significant capacity expansion(p.430)
- • Wide geographic distribution of sales across India and international presence(p.427)
- • Recognition as Three Star Export House status(p.427)
Weaknesses
- • High dependence on few key raw material suppliers with no long-term contracts(p.39)
- • Heavy reliance on distributor channel (96.55% of Q1 FY25 revenue)(p.42)
- • Revenue and PAT margin declined in Fiscal 2024 vs Fiscal 2023(p.44)
- • Significant geographic revenue concentration in three states(p.45)
- • Material tax proceedings and contingent liabilities of ₹644.79 million(p.30)
- • High working capital requirements with no long-term customer contracts(p.43)
- • High debt burden with floating rate exposure(p.50)
- • Restrictive lending covenants limiting operational flexibility(p.50)
- • Heavy concentration of operations in single manufacturing facility(p.51)
- • Subsidiary with cumulative losses and unproven operations(p.52)
- • Dependence on key personnel without formal succession plan implementation(p.55)
- • High operating leverage with contract labor concentration(p.70)
- • Significant contingent liabilities pending resolution(p.76)
- • Promoter with unresolved SEBI regulatory matter(p.58)
- • Single manufacturing plant concentration(p.234)
- • Lower absolute revenue scale compared to major competitors(p.168)
- • Smaller installed capacity than key rivals(p.234)
- • Significant increase in net debt from FY23 to Q1 FY25(p.245)
- • Rising net debt to EBITDA ratio indicating increasing leverage(p.245)
- • Decline in EBITDA margin from 16.88% in FY22 to 9.79% in Q1 FY25(p.245)
- • Significant reduction in revenue from operations across quarters(p.245)
- • Declining export revenue as percentage of total operations(p.260)
- • Single manufacturing location concentration in Silvassa(p.243)
- • Increasing working capital cycle from 44 days in FY23 to 55 days in Q1 FY25(p.245)
- • Capital-intensive expansion with Punjab facility under construction(p.251)
- • Concentrated promoter shareholding creates governance risk(p.308)
- • Promoter group member non-compliance with disclosure requirements(p.316)
- • Audit trail feature gaps in accounting software systems(p.325)
- • High debt levels relative to equity(p.328)
- • Rapid increase in financial leverage(p.363)
- • Concentration of debt with foreign currency exposure(p.364)
- • High capital commitments relative to current asset base(p.397)
- • Contingent liabilities related to regulatory matters(p.397)
- • Reliance on secured borrowings with multiple charge structures(p.364)
- • Heavy dependence on few key raw material suppliers(p.462)
- • No long-term contracts with customers; sales dependent on purchase orders(p.431)
- • Significant dependence on few customers for revenue(p.462)
- • High leverage with substantial increase in net debt and debt-to-equity ratio during quarter ended June 30, 2024(p.449)
- • Recent decline in profitability with PAT margin decrease from 4.59% to 4.53%(p.430)
- • Significant contingent liabilities including GST and customs duty disputes(p.458)
Opportunities
- • Indian textile and apparel industry projected to grow at 6-7% CAGR through FY2028(p.26)
- • Domestic sales in textiles expected to grow at 7-8% CAGR(p.26)
- • Expansion of manufacturing capacity to increase production 3x(p.43)
- • New cotton and technical textiles operations launching at Silvassa(p.43)
- • Man-made textiles sector expected to grow at 2.7-3.2% CAGR through CY2027(p.26)
- • Capacity expansion through new Punjab manufacturing facility(p.51)
- • Growth through new customer acquisition(p.50)
- • Export market expansion in growing geographies(p.53)
- • Government incentive schemes supporting textile sector growth(p.79)
- • Growing demand for specialty and value-added yarns(p.63)
- • Growing Indian textile and apparel market with positive CAGR trajectory(p.198)
- • Expanding polyester yarn demand driven by non-cotton segment growth(p.204)
- • Government incentive schemes supporting sector growth(p.195)
- • Quality Control Order reducing Chinese competition in polyester yarn(p.215)
- • Opportunity to capture market share from Bangladesh amid geopolitical tensions(p.195)
- • PLI scheme driving MMF-based textile demand(p.202)
- • Indian textile and apparel industry projected to grow at 6-7% CAGR from FY24 to FY28(p.243)
- • Domestic industry growth expected at 7-8% CAGR compared to exports at 4.5-5.5%(p.243)
- • Quality Control Order (QCO) for polyester yarn to support domestic manufacturers(p.261)
- • Shift from cotton to man-made fiber driving polyester demand(p.243)
- • Robust growth of technical textiles segment with multiple end-use applications(p.258)
- • Planned Punjab Manufacturing Facility expansion to increase capacity from 550 to 1,500 tonnes per day(p.248)
- • Expected capacity increase to 581,990 MTPA upon full commissioning of all facilities(p.251)
- • Growing sustainability market through recycled yarn business (Sanathan Rivero brand)(p.251)
- • Global industry expansion outside China supporting Indian export markets(p.243)
- • Expansion of production capacity underway with significant CWIP(p.328)
- • Multiple yarn product lines enabling diversified market reach(p.333)
- • Export revenue generation through government incentive schemes(p.349)
- • Subsidiary expansion with Universal Texturisers acquisition(p.333)
- • Export market expansion and incentive schemes(p.397)
- • Yarn product diversification across multiple segments(p.398)
- • Capacity expansion through capital investments(p.397)
- • International market presence with growing export revenues(p.397)
- • Substantial capacity expansion through Punjab Manufacturing Facility increasing capacity from 550 to 1,500 tonnes per day(p.431)
- • New cotton yarn production units planned at Silvassa Facility with combined 11,490 MTPA capacity(p.431)
- • Multi-national companies diversifying from China to India creating market demand growth(p.430)
- • Tax benefits available under government schemes(p.431)
- • Strong solar power generation capacity with 882 MW average generation supporting sustainability and cost reduction(p.429)
Threats
- • Raw material costs subject to seasonal cotton availability and crude oil price volatility(p.40)
- • Significant exposure to foreign exchange fluctuation risks(p.46)
- • Yarn prices declined significantly in FY2024 (polyester ₹120→₹112/kg, cotton ₹322→₹266/kg)(p.29)
- • Cyclicality and commodity price volatility in global textile industry(p.26)
- • Significant outstanding tax litigation and regulatory disputes(p.31)
- • Significant exposure to imported raw material price volatility and FX risk(p.53)
- • Declining export market share to competing nations(p.54)
- • Rising competition and pricing pressures from Asian competitors(p.53)
- • Exposure to international trade policy changes and tariffs(p.53)
- • Uncertainty in government export incentive schemes(p.54)
- • Vulnerability to commodity price volatility and supply disruptions(p.53)
- • Customer concentration risk with top 10 accounting for ~25% of revenue(p.57)
- • Dependence on few customers without long-term contracts(p.56)
- • Power supply constraints and electricity cost inflation(p.80)
- • Global economic slowdown and reduced textile demand(p.82)
- • Regulatory compliance risks and environmental remediation liabilities(p.79)
- • Intense competition from China in key export markets(p.216)
- • Raw material price volatility impacting margins(p.216)
- • Global economic slowdown affecting export demand(p.191)
- • Currency fluctuation risk affecting export competitiveness(p.216)
- • Trade barriers and tariff disadvantages versus regional competitors(p.230)
- • Crude oil price volatility affecting polyester feedstock costs(p.204)
- • Cyclical nature of textile industry subject to economic fluctuations(p.246)
- • Dependence on polyester yarn products (77% of FY24 revenue)(p.243)
- • Highly fragmented and competitive industry with numerous small players(p.266)
- • Risk of inadequate insurance coverage for manufacturing operations(p.266)
- • Raw material sourcing dependency with significant import exposure (40% in FY24)(p.255)
- • Exposure to currency and commodity price fluctuations(p.254)
- • Dependence on limited number of raw material suppliers(p.249)
- • Regulatory compliance risks across multiple jurisdictions and labour laws(p.261)
- • Significant capital expenditure requirements for ongoing expansion(p.330)
- • Vulnerability to commodity price fluctuations in raw materials(p.329)
- • Operating cycle dependency on textile market demand cycles(p.340)
- • External audit reliance on subsidiary auditors creates verification gaps(p.326)
- • Foreign exchange rate volatility affecting profitability(p.393)
- • Interest rate risk on floating rate debt portfolio(p.394)
- • Regulatory and tax compliance risks(p.397)
- • Cyclicality in textile industry(p.376)
- • Dependence on credit facilities and covenant compliance(p.365)
- • Raw material price volatility and foreign exchange fluctuations affecting costs(p.430)
- • Significant competitive pressure from competitors with greater resources and broader product offerings(p.430)
- • Vulnerability to economic downturns and reduced customer demand(p.430)
- • Dependence on global economic conditions and customer operations in emerging markets(p.430)
- • Foreign exchange risk from export revenue and imported raw material costs(p.432)
- • Material regulatory and tax disputes creating contingent liabilities(p.458)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Paresh Vrajlal Dattani | Promoter/Promoter Selling Shareholder | 9.75% | — |
| Ajay Vallabhdas Dattani | Promoter/Promoter Selling Shareholder | 10.19% | — |
| Anilkumar Vrajdas Dattani | Promoter/Promoter Selling Shareholder | 9.48% | — |
| Dinesh Vrajdas Dattani | Promoter/Promoter Selling Shareholder | 9.89% | — |
| Nimbus Trust | Promoter | 14.56% | — |
| D&G Family Trust | Promoter | 14.56% | — |
| A&J Family Trust | Promoter | 14.56% | — |
| P&B Family Trust | Promoter | 14.56% | — |
| Ajay Vallabhdas Dattani | Promoter | — | — |
| Anilkumar Vrajdas Dattani | Promoter | — | — |
| Dineshkumar Vrajdas Dattani | Promoter | — | — |
| Paresh Vrajlal Dattani | Promoter | — | — |
| Nimbus Trust | Promoter Group | — | — |
| D&G Family Trust | Promoter Group | — | — |
| A&J Family Trust | Promoter Group | — | — |
| P&B Family Trust | Promoter Group | — | — |
| Nimbus Trust | Promoter | 14.56% | — |
| D&G Family Trust | Promoter | 14.56% | — |
| A&J Family Trust | Promoter | 14.56% | — |
| P&B Family Trust | Promoter | 14.56% | — |
| Ajay Vallabhdas Dattani | Promoter | 10.19% | — |
| Dinesh Vrajdas Dattani | Promoter | 9.89% | — |
| Paresh Vrajlal Dattani | Promoter | 9.75% | — |
| Anilkumar Vrajdas Dattani | Promoter | 9.48% | — |
| Not explicitly named in this document section | Promoter/Promoter Group | — | — |
| Paresh Vrajlal Dattani | Promoter | 7,012,600 equity shares (9.75%) | — |
| Ajay Vallabhdas Dattani | Promoter | 7,327,650 equity shares (10.19%) | — |
| Anilkumar Vrajdas Dattani | Promoter | 6,819,700 equity shares (9.48%) | — |
| Dinesh Vrajdas Dattani | Promoter | 7,112,800 equity shares (9.89%) | — |
| Paresh Vrajlal Dattani | Promoter | 9.75% | — |
| Ajay Vallabhdas Dattani | Promoter | 10.19% | — |
| Dinesh Vrajdas Dattani | Promoter | 9.89% | — |
| Anilkumar Vrajdas Dattani | Promoter | 9.48% | — |
| Nimbus Trust | Promoter Group | 14.56% | — |
| D&G Family Trust | Promoter Group | 14.56% | — |
| P&B Family Trust | Promoter Group | 14.56% | — |
| A&J Family Trust | Promoter Group | 14.56% | — |
| Pareshkumar V. Dattani | Promoter | 9.75% | — |
| Dinesh Kumar V. Dattani | Promoter | 9.89% | — |
| Ajay Kumar V. Dattani | Promoter | 10.19% | — |
| Anil Kumar V. Dattani | Promoter | 9.48% | — |
| Nimbus Trust | Promoter Group | 14.56% | — |
| P&B Family Trust | Promoter Group | 14.56% | — |
| D&G Family Trust | Promoter Group | 14.56% | — |
| A&J Family Trust | Promoter Group | 14.56% | — |
| Paresh Vrajlal Dattani | Promoter / Chairman & Managing Director | — | — |
| Ajay Vallabhdas Dattani | Promoter / Joint Managing Director | — | — |
| Anilkumar Vrajdas Dattani | Promoter | — | — |
| Dinesh Vrajdas Dattani | Promoter | — | — |
| Paresh Vrajlal Dattani | Selling Shareholder | — | — |
| Ajay Vallabhdas Dattani | Selling Shareholder | — | — |
| Anilkumar Vrajdas Dattani | Selling Shareholder | — | — |
| Dinesh Vrajdas Dattani | Selling Shareholder | — | — |
| Vajubhai Investments Private Limited | Selling Shareholder | — | — |
| Vallabhdas Dattani HUF | Selling Shareholder | — | — |
| Sonali Ajaykumar Dattani | Selling Shareholder | — | — |
| Dattani Dineshkumar Vrajdas HUF | Selling Shareholder | — | — |
| Beena Paresh Dattani | Selling Shareholder | — | — |
| Anilkumar Vrajdas Dattani HUF | Selling Shareholder | — | — |
| Paresh Kumar V Dattani HUF | Selling Shareholder | — | — |
| Jayshree Anilkumar Dattani | Selling Shareholder | — | — |
| Ajay Kumar V Dattani HUF | Selling Shareholder | — | — |
| Vallabhdas Dattani | Selling Shareholder | — | — |
| Paresh Vrajlal Dattani | Promoter Selling Shareholder | — | — |
| Ajay Vallabhdas Dattani | Promoter Selling Shareholder | — | — |
| Anilkumar Vrajdas Dattani | Promoter Selling Shareholder | — | — |
| Dinesh Vrajdas Dattani | Promoter Selling Shareholder | — | — |
| Vallabhdas Dattani | Promoter Selling Shareholder | — | — |
| Jayshree Anilkumar Dattani | Promoter Selling Shareholder | — | — |
| Vajubhai Investments Private Limited | Promoter Group Selling Shareholder | — | — |
| Vallabhdas Dattani HUF | Promoter Group Selling Shareholder | — | — |
| Sonali Ajaykumar Dattani | Promoter Group Selling Shareholder | — | — |
| Dineshkumar Dattani HUF | Promoter Group Selling Shareholder | — | — |
| Beena Paresh Dattani | Promoter Group Selling Shareholder | — | — |
| Anilkumar Dattani HUF | Promoter Group Selling Shareholder | — | — |
| Paresh Kumar V Dattani HUF | Promoter Group Selling Shareholder | — | — |
| Ajay Kumar V Dattani HUF | Promoter Group Selling Shareholder | — | — |
Leadership
Paresh Vrajlal Dattani · Chairman and Managing Director
Ajay Vallabhdas Dattani · Executive Director
Anilkumar Vrajdas Dattani · Executive Director
Dinesh Vrajdas Dattani · Executive Director
Sanjay Anirudh Shah · Chief Financial Officer
Dsouza Jude Patrick · Company Secretary and Compliance Officer
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.
Sanathan Textiles IPO FAQs
What is the lot size of Sanathan Textiles IPO?
The minimum lot size of Sanathan Textiles IPO is 46 shares. One lot costs ₹14,766 at the cut-off price.
When does Sanathan Textiles IPO open and close?
Sanathan Textiles IPO opened for subscription on 19 Dec 2024 and closed on 23 Dec 2024.
What is the listing date of Sanathan Textiles IPO?
Sanathan Textiles IPO listed on 27 Dec 2024.