Check Sanathan Textiles IPO GMP And Steps To Verify Allotment Status
The grey market premium of Sanathan Textiles IPO was Rs 90 as of 7:00 a.m. on Dec. 24, indicating a listing gain of over 28.04%.
The initial share sale of Sanathan Textiles closed with an enthusiastic response from investors, who are now eagerly waiting for the share allotment of the IPO. The Sanathan Textiles IPO share allotment will be finalised on Dec. 24.
Over the three-day bidding period, Sanathan Textiles IPO was booked 35.12 times, with demand being led by qualified institutional buyers (QIBs). In total, investors applied for 44,32,74,538 shares against the 1,26,22,950 up for sale.
Retail investors booked their quota 8.93 times whereas non-institutional investors applied for 42.21 times the shares set aside for them. Qualified institutional buyers subscribed 75.62 times their portion in Sanathan Textiles IPO.
With a total offer size of Rs 550 crore, the mainboard IPO consists of a fresh issue of 1.25 crore shares totalling Rs 400 crore and an offer for sale portion of 47 lakh shares worth Rs 150 crore.
Sanathan Textiles IPO price band was set between Rs 305 and Rs 321 per share. Shares of Sanathan Textiles Ltd. are expected to be listed on BSE and NSE on Friday, Dec. 27.
KFin Technologies Ltd. is the registrar for the issue. Investors who have bid for the Sanathan Textiles IPO can check its share allotment status on the websites of BSE and the registrar.
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How To Check Sanathan Textiles IPO Share Allotment Status On BSE?
Open the Application Status page of BSE here
Select 'Equity'
Select 'Sanathan Textiles Limited'.
Enter your IPO application number or PAN details
Check on the 'I am not a Robot' box
Click on the Submit button to check the details of the allotment status
How To Check Sanathan Textiles IPO Allotment Status On Kfin Technologies?
Visit the official website of KFin Technologies here
Choose any one from the five servers
Select 'Sanathan Textiles Limited' from the list of companies
Enter your Application Number, Demat account number or PAN
Enter details based on your selection
Clear Captcha
Click Submit to check the allotment status
Sanathan Textiles IPO GMP Today
The grey market premium of Sanathan Textiles IPO was Rs 90 as of 7:00 a.m. on Dec. 24, as per InvestorGain. This implies a listing gain of over 28.04%, with the debut price being Rs 411 apiece on the upper end of the price band.
Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.
Use Of Proceeds
Sanathan Textiles said it will utilise the proceeds from the fresh issue to repay and prepay outstanding debts availed by the company and its subsidiary Sanathan Polycot Pvt.
The remaining proceeds will be used for general corporate purposes.
About Sanathan Textiles Ltd.
Founded in 2005, Sanathan Textiles Ltd. manufactures polyester yarn and supplies cotton yarn globally. The business can be categorised into three segments — polyester yarn products, cotton yarn products and yarns for technical textiles and industrial uses. The company's products are used in various industries like automotive, healthcare, construction, sports and outdoor activities and protective clothing.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
