November 28, 2024
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Sanathan Textiles IPO Review
Sanathan Textiles is one of the few companies in India with presence across the polyester, cotton and technical textile sectors. Currently, 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 it in serving a large number of customers across various sectors.
The net size of the IPO is Rs. 385 crore, with Rs. 82.50 crore allocated for HNI investors. The shares are offered at a PE multiple of 17.26, which is appealing compared to its peer group companies. However, the premium-to-offer price ratio is not particularly strong. As a result, only marginal listing gains can be expected.
Review by Paresh Gordhandas CA and Research Analyst, INH00000750
+ from fundamental angle: Apply
+ from grey market angle:
