Sanathan Textiles IPO allotment finalised today. Latest GMP, steps to check share allotment status online
- Sanathan Textiles IPO allotment status online check can be done through the websites of BSE and NSE along with the official portal of IPO registrar. Kfin Technologies is the Sanathan Textile IPO registrar.
Sanathan Textiles IPO Allotment: The initial public offering (IPO) of polyester yarn manufacturer Sanathan Textiles Ltd received strong response from investors during its subscription period. As the bidding has ended, investors now focus on Sanathan Textiles IPO allotment status.
Sanathan Textiles has finalised the basis of share allotment. The public offer was open from December 19 to December 23. As per the ‘T+3’ listing rule, Sanathan Textile shares are likely to list on December 27, Friday.
Stock market observers believe that Sanathan Textile IPO allotment date is 24 December 2024. In case of delay, Sanathan Textile IPO allotment status is expected to become public on 26 December, as 25 December will be a stock market holiday.
Sanathan Textiles IPO GMP
Sanathan Textiles shares are commanding a decent grey market premium. According to stock market observers, Sanathan Textiles IPO GMP today is ₹91 per share. This indicates that in the grey market, Sanathan Textiles shares are trading higher by ₹91 apiece than their issue price.
Considering the Sanathan Textiles IPO GMP today, the estimated Sanathan Textiles share listing price would be ₹412 apiece, a premium of 28% to the issue price of ₹321 per share.
After the Sanathan Textile IPO allotment status is finalised, the company will soon credit the equity shares into the demat accounts of eligible allottees and initiate refunds to unsuccessful bidders on the same day.
Investors can check Sanathan Textile IPO allotment status online through the websites of BSE and NSE along with the official portal of IPO registrar. Kfin Technologies is the Sanathan Textile IPO registrar.
In order to do Sanathan Textile IPO allotment status check online, investors must follow a few simple steps mentioned below.
Sanathan Textile IPO Allotment Status on BSE
Step 1] Visit BSE website on this link - https://www.bseindia.com/investors/appli_check.aspx
Step 2] Select ‘Equity’ in the Issue Type
Step 3] Choose ‘Sanathan Textile Limited’ in the Issue Name dropdown menu
Step 4] Enter either Application No. or PAN
Step 5] Verify by ticking on ‘I am not robot’ and click on ‘Search’
Your Sanathan Textile IPO allotment status will be displayed on the screen.
Sanathan Textile IPO Allotment Status on Kfin Technologies
Step 1] Visit IPO registrar’s website on this link - https://kosmic.kfintech.com/ipostatus/
Step 2] Choose ‘Sanathan Textile Limited’ in the Select IPO dropdown menu
Step 3] Select either Application No, Demat Account, or PAN
Step 4] Enter the details as per the option selected
Step 5] Enter the Captcha code and click on Submit
Your Sanathan Textile IPO allotment status will be displayed on the screen.
Meanwhile, ahead of the Sanathan Textile IPO allotment, shares of the company trade with a decent grey market premium. Here’s what Sanathan Textiles IPO indicates.
Sanathan Textiles IPO Details
Sanathan Textiles IPO opened for subscription on December 19, and closed on December 23. Sanathan Textiles IPO allotment date is expected to be December 24 and the listing date is likely December 27. The shares of Sanathan Textiles will be listed on both the stock exchanges, BSE and NSE.
Sanathan Textiles IPO price band was ₹305 to ₹321 per share. The company raised ₹550 crore from the book-built issue which was a combination of fresh issue of 1.25 crore shares aggregating to ₹400 crore and offer-for-sale (OFS) of 47 lakh shares worth ₹150 crore.
Sanathan Textiles IPO subscribed 35.12 times in total. As per NSE data, the public issue has been subscribed 8.93 times in the retail category, 75.62 times in the Qualified Institutional Buyers (QIBs) category, and 42.21 times in the Non Institutional Investors (NII) category.
Dam Capital Advisors Ltd, ICICI Securities are the book running lead managers of the Sanathan Textiles IPO, while Kfin Technologies is the IPO registrar.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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