The initial public offer (IPO) of Sanathan Textiles Ltd opens for subscription on December 19, 2024. Ahead of the IPO, the company has raised ₹165 crore on December 18 from anchor investors.
Marquee investors took part in the anchor investment including Pinebridge Global Funds, SBI General Insurance, Societe Generale, Edelweiss Trusteeship, Whiteoak Capital, and Ashoka India Equity Investment Trust.
Other key investors included were SBI Magnum Children’s Benefit Fund, Nippon India SmallCap Fund, HDFC Manufacturing Fund and Kotak Manufacture India Fund.
In its exchange filing, company said, “…has finalised allocation of 51.4 lakh equity shares to anchor investors at Rs 321 per equity share.”
The polyester and yarn products manufacturer aims to raise ₹550 crore from the issue. It includes fresh issue of ₹400 crore and an offer for sale of ₹150 crore. The book built offer is available for subscription from December 19 to December 23, 2024. The company has set the price band for the IPO at ₹305-321 per share. Investors can apply for 46 shares in a lot.
The Silvassa-based company aims to use fresh issue towards repayment of debt and other general corporate purposes.
Related Tags
Invest wise with Expert advice
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
Download The App Now
Follow us on
2025, IIFL Capital Services Ltd. All Rights Reserved
IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.
