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Sanathan Textiles Company Details
Sanathan Textiles is one of the few companies in India with presence across the polyester, cotton and technical textile sectors. All the three yarn verticals are housed under a single corporate entity. This has
facilitated its diversification into new segments which in turn has helped us in serving a large number of
customers across various sectors. As on September 30, 2021, it has a diversified product portfolio with
capability to manufacture more than 12,900 varieties of yarn products with more than 100,000 SKUs that are used in various forms and for varied end uses.
It has a high share of value-added products, with the share of income from value-added products to the total revenue being 52.16%, 51.31%, 41.97% and 39.37%, for the six-month period ended September 30, 2021, Fiscals 2021, 2020, and 2019, respectively. It believes that this has resulted in higher EBITDA margins for the Company.
Its business is divided into three separate yarn business verticals, consisting of: a) Polyester yarn products; b) Cotton yarn products; and c) Yarns for technical textiles and industrial uses.
Its products are manufactured at our facility at Silvassa. Over the years, the Company has scaled up its
production and as on September 30, 2021, it had a total capacity of 221,050 MTPA across the three yarn verticals.It manufactures polyester chips using purified terephthalic acid (“PTA”) and mono ethylene glycol and convert the chips into polyester yarn through various intermediate processing to impart specific properties to the yarn. Exports accounted for 12.36%, 12.61%, 18.18% and 16.98% of Revenue from Operations for the six-month period ended September 30, 2021 and for Fiscals 2021, 2020 and 2019 respectively. For Fiscal 2021, the Company exported its products to more than 41 countries with more than 50% of the revenue from export sales coming from Argentina, South Korea, Brazil and Turkey. The export sales on this scale are possible due to its global distribution network. As on September 30, 2021, it had more than 295 distributors in more than 37 countries including India.
For more information, click https://www.sanathan.com
The Promoters of Sanathan Textiles
Nimbus Trust , D&G Family Trust , A&J Family Trust, P&B Family Trust ,Pareshkumar Dattani, Ajaykumar Dattani , Anilkumar Dattani & Dineshkumar Dattani
Sanathan Textiles IPO Main Objects
The Offer comprises the Fresh Issue by the Company and an Offer for Sale by the Selling Shareholders.
The Company proposes to utilise the Net Proceeds of the Fresh Issue towards funding of the following objects:
1. Prepayment or scheduled repayment of all, or a portion, of certain outstanding borrowings availed by the Company;
2. Funding working capital requirements of the Company
Sanathan Textiles IPO Details
IPO opens on (?) , 2022
IPO closes on (?) ,2022
Issue Type: Book Built Issue IPO
Issue : up to ? Shares /Rs (?) Crore
* Fresh Issue of (?) Sh/ Rs.500 Cr
* Offer for Sale Up to 11,400,000 Sh/ Rs.(?) Cr
Face Value per share : Rs. 10
Sanathan Textiles IPO Price Band Per Equity Share: Rs. (?)
Sanathan Textiles IPO Retail Lot Size (?) Shares
Sanathan Textiles Listing will at BSE,NSE
Shares offered to
QIB (?%) (?) Shares = Rs (?) Cr
NII (?%) Shares = Rs (?) Crs
RII (?%) Shares = Rs (?) Crs
Emp(?%) Shares = Rs (?) Crs
Lot size: (?) Shares = (?) Forms
Min Retail Application : (?) Sh , Rs. (?)
Max Retail Application : (?) Sh, Rs (?)
Sanathan Textiles IPO Tentative timeTable
Sanathan Textiles IPO Allotment on ? 2022
Unblocking of ASBA ? 2022
Credit to Demat Accounts ? 2022
Listing on ? 2022
Sanathan Textiles IPO Financial & Analytical Ratios
Earnings per Share 2019-20 Rs 7.68
Earnings per Share 2020-21,Rs 25.80
Earnings per Share 2021-22 6M Rs 23.75
Return on Net Worth: 19-20 10.36 %
Return on Net Worth: 20-21: 29.42 %
Return on Net Worth: 20-21 6M : 21.32 %
Equity Shares prior to the IPO : 71,943,000 Shares
Book Value of the Share as on 30.9.2021 Rs 111.32
NAV per Equity Share after the Offer (?)
Ratio Analysis
Upper Price Band/last EPS:
Upper offer price/Book Value Ratio
Upper offer price/BV after IPO Ratio:
Sanathan Textiles IPO Peer Comparison:
K.P.R. Mill @ PE Multiple of 47.06
Vardhman Textiles @ PE Multiple of 34.55
Indo Count Industries @ PE Multiple of 20.08
Filatex @ PE Multiple of 34.53
Garware Technical @ PE Multiple of 43.73
Sanathan Textiles IPO Lead Managers
Edelweiss Financial Services, JM Financial ,
Registrar to Sanathan Textiles IPO
Kfin Technologies India Pvt Ltd.
Registered Office of Sanathan Textiles
SRV NO. 187/4/1/2, Near Surangi Bridge, Surangi, Dadra & Nagar Haveli, Silvassa – 396230,
Company Secretary & Compliance Officer : Jude Patrick Dsouza
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