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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 17,133,956 equity shares of face value of (Rs)10 each (equity shares) of Sanathan Textiles Limited ("Company" or "Issuer") for cash at a price of (Rs)321.00 per equity share (including a share premium of (Rs)311.00 per equity share) offer price) aggregating (Rs)550.00 crores (offer) comprising a fresh issue of 12,461,59 equity shares aggregating (Rs)400.00 crores by the company (fresh issue) and an offer for sale of 46,72,897 equity shares aggregating (Rs)150.00 crores by the selling shareholders (offer for sale) comprising 963,769 equity shares aggregating (Rs)30.94 crores by Presh Vrajlal Dattani, 1,080,218 equity shares aggregating (Rs)34.68 crores by Ajay Vallabhdas Dattani, 1,107,850 equity shares aggregating (Rs)35.56 crores by Anilkumar Vrajdas Dattani, 1,158,505 equity shares aggregating (Rs)37.19 crores by Dinesh Vrajdas Dattani (the "Promoter Selling Shareholders"), 7,788 equity shares aggregating (Rs)0.25 crores by Vajubhai Investments Private Limited, 7,788 equity shares aggregating (Rs)0.25 crores by Vallabhdas Dattani huf, 70,093 equity shares aggregating (Rs)2.25 crores by Sonali Ajaykumar Dattani, 7,788 equity shares aggregating (Rs)0.25 crores by Dattani Dineshkumar Vrajdas huf and 109,034 equity shares aggregating (Rs)3.50 crores by Beena Paresh Dattani, 54,519 equity shares aggregating (Rs)1.75 crores by Anilkumar Vrajdas Dattani huf, 93,458 equity shares aggregating (Rs)3.00 crores by Paresh Kumar V Dattani huf, 3,894 equity shares aggregating (Rs)0.13 crores by Jayshree Anilkumar Dattani, 7,788 equity shares aggregating (Rs)0.25 crores by Vllabhdas Dattani and 405 equity shares aggregating (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). The face value of the equity shares is (Rs)10 each and the offer price is 32.10 times the face value of the equity shares.

Issue Money Payable On
Opens On Closes On Application Allotment
19-Dec-24 23-Dec-24 (Rs)321.00-0.00 (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 370.95
DAM Capital Advisors Ltd
Project Financed through Current Offer 550.00  
Post Issue Equity Share Capital 84.40  
Issue Price (Rs)321.00  
 
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