Sanathan Textiles Day 1 Updates: Check subscription status, GMP, and more
Sanathan Textiles IPO Day 1 Updates: Sanathan IPO price band has been set in the range of ₹750 to ₹790 per equity. Catch latest subscription status and GMP here.

Sanathan Textiles IPO Day 1 Updates: The initial public offering (IPO) of polyester yarn manufacturer Sanathan Textiles Ltd is set to hit Dalal Street on Thursday. The ₹550-crore worth Sanathan Textiles IPO will remain open for bidding till December 23. The price band for the IPO is set in the range of ₹305 to ₹321 per share.
Sanathan Textiles IPO was subscribed 47 percent till 5:04 pm on the first day of bidding. It received bids for 56.80 lakh equity shares as compared to 1.19 crore shares on the offer.
The retail portion of the public issue was subscribed 80 percent while the Non Institutional Investors’ (NII) category received 33 percent bids. However, the Qualified Institutional Buyers (QIB) are yet to bid for the IPO.
Sanathan Textiles’ business is divided into three separate yarn business verticals, consisting of polyester yarn products, cotton yarn products and yarns for technical textiles and industrial uses.
The IPO lot size is 46 shares with a minimum investment amount required by retail investors is ₹14,766.
Sanathan Textiles is a combination of fresh issue of 1.25 crore equity shares aggregating to ₹400 crore and an offer-for-sale (OFS) component of 47 lakh shares worth ₹150 crore. In the OFS portion of Sanathan Textiles IPO, the selling shareholders include promoter and promoter group entities. They are Paresh Dattan, Ajay Dattani, Anilkumar Dattani, Dinesh Dattani, Vajubhai Investments Pvt Ltd, Vallabhdas Dattani HUF, Sonali Dattani, Dattani Dineshkumar Vrajdas HUF, Beena Paresh Dattani and Anilkumar Vrajdas
The company proposes to utilise the net issue proceeds towards repayment and/ or pre-payment, in full or part, of certain borrowings, investment in subsidiary viz. Sanathan Polycot Pvt Ltd, and general corporate purposes.
Sanathan Textiles IPO allotment is expected to be finalized on December 24. The company will credit the equity shares into the demat accounts of the eligible allottees on December 26 and initiate refunds to unsuccessful bidders on the same day. Sanathan Textiles IPO listing date is likely December 27. Sanathan Textiles shares will be listed on both the stock exchanges, BSE and NSE.
Sanathan Textiles IPO was subscribed 47 percent till 5:04 pm on the first day of bidding. It received bids for 56.80 lakh equity shares as compared to 1.19 crore shares on the offer.
The retail portion of the public issue was subscribed 80 percent while the Non Institutional Investors’ (NII) category received 33 percent bids. However, the Qualified Institutional Buyers (QIB) are yet to bid for the IPO.
The company's shares in the grey market continued trading at a premium of ₹60. This indicates an estimated listing price of ₹381, up 18.69 percent from the IPO price of ₹321. The GMP was rose from ₹40 in the previous session (December 18).
However, one must note that grey market premium is only an indicator of how the company's shares are performing in the unlisted market and can change quickly.
Sanathan Textiles IPO was subscribed 39 percent till 4:05 pm on the first day of bidding. It received bids for 47.17 lakh equity shares as compared to 1.19 crore shares on the offer.
The retail portion of the public issue was subscribed 70 percent while the Non Institutional Investors’ (NII) category received 21 percent bids. However, the Qualified Institutional Buyers (QIB) are yet to bid for the IPO.
Sanathan Textiles IPO was subscribed 28 percent till 3:14 pm on the first day of bidding. It received bids for 45.52 lakh equity shares as compared to 1.19 crore shares on the offer.
The retail portion of the public issue was subscribed 63 percent while the Non Institutional Investors’ (NII) category received 19 percent bids. However, the Qualified Institutional Buyers (QIB) are yet to bid for the IPO.
Sanathan Textiles IPO was subscribed 28 percent till 2:05 pm on the first day of bidding. It received bids for 33.62 lakh equity shares as compared to 1.19 crore shares on the offer.
The retail portion of the public issue was subscribed 51 percent while the Non Institutional Investors’ (NII) category received 13 percent bids. However, the Qualified Institutional Buyers (QIB) are yet to bid for the IPO.
Sanathan Textiles IPO was subscribed 22 percent till 1:05 pm on the first day of bidding. It received bids for 26.20 lakh equity shares as compared to 1.19 crore shares on the offer.
The retail portion of the public issue was subscribed 40 percent while the Non Institutional Investors’ (NII) category received 9 percent bids. However, the Qualified Institutional Buyers (QIB) are yet to bid for the IPO.
Sanathan Textiles IPO was subscribed 17 percent till 12:15 pm on the first day of bidding. It received bids for 20 lakh equity shares as compared to 1.19 crore shares on the offer.
The retail portion of the public issue was subscribed 30 percent while the Non Institutional Investors’ (NII) category received 7 percent bids. However, the Qualified Institutional Buyers (QIB) are yet to bid for the IPO.
Sanathan Textiles IPO was subscribed 12 percent till 11:20 am on the first day of bidding. It received bids for 12.83 lakh equity shares as compared to 1.19 crore shares on the offer.
The retail portion of the public issue was subscribed 21 percent while the Non Institutional Investors’ (NII) category received 5 percent bids. However, the Qualified Institutional Buyers (QIB) are yet to bid for the IPO.
Sanathan Textiles IPO was subscribed 5 percent till 10:30 am on the first day of bidding. It received bids for 5.51 lakh equity shares as compared to 1.19 crore shares on the offer.
The retail portion of the public issue was subscribed 8 pecent while the Non Institutional Investors’ (NII) category received 2 percent bids. However, the Qualified Institutional Buyers (QIB) are yet to bid for the IPO.
The company has reserved 50% of shares in the IPO for Qualified Institutional Buyers (QIB), while 35% of the offer is reserved for Retail investors and 15% of the offer is reserved for Non-Institutional Investors (NII).
The company's shares in the grey market continued trading at a premium of ₹40. This indicates an estimated listing price of ₹361, up 12.46 percent from the IPO price of ₹321. The GMP was the same as in the previous session (December 18). However, it rose from ₹25 on December 17.
However, one must note that grey market premium is only an indicator of how the company's shares are performing in the unlisted market and can change quickly.