Sanathan Textiles IPO
Sanathan Textiles Limited (SANATHAN) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 27 December 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +14.8% (likely range -3% to +47%), day's high +21.3%, chance of a gain 92%. Actual: +31.6% at the open, +31.8% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 36,06,556 | 27,27,24,754 | 75.6x | |
| NII (HNI) total | 27,04,918 | 11,41,68,872 | 42.2x | |
| Big NII (above ₹10 lakh) | 18,03,279 | 8,30,48,630 | 46.1x | |
| Small NII (₹2-10 lakh) | 9,01,639 | 3,11,20,242 | 34.5x | |
| Retail | 63,11,476 | 5,63,80,912 | 8.93x | |
| Total | 1,26,22,950 | 44,32,74,538 | 35.1x |
Bids on NSE and BSE together, as published by NSE, as of 23 Dec 2024, 07:00 PM. Shares offered exclude the anchor portion. 11% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Sanathan Textiles's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Yatharth Hospital and Trauma Care ServicesJul 2023 | 85.1x | 37.2x | 8.34x | 36.2x | ₹705 Cr | +2.0% | +14.4% |
| Rishabh InstrumentsSep 2023 | 72.5x | 31.3x | 8.44x | 31.7x | ₹491 Cr | +4.3% | +6.6% |
| India Shelter Finance CorporationDec 2023 | 89.7x | 28.5x | 9.95x | 36.7x | ₹1,261 Cr | +25.8% | +27.8% |
| IRM ENERGY LIMITEDOct 2023 | 44.7x | 48.3x | 9.29x | 27.1x | ₹545 Cr | -5.5% | -4.2% |
| Home First Finance Company IndiaJan 2021 | 52.5x | 39.0x | 6.59x | 26.7x | ₹1,156 Cr | +19.5% | +23.6% |
| Dodla DairyJun 2021 | 84.9x | 73.3x | 11.3x | 45.6x | ₹520 Cr | +28.5% | +52.3% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| DAM Capital Advisors | 37 | +13.6% | 59% |
| ICICI Securities | 109 | +21.3% | 69% |
Offer documents (NSE)
Frequently asked
What is the Sanathan Textiles IPO price band and lot size? ₹305–321 per share, with a lot of 46 shares, so the smallest retail bid is ₹14,766.
How many times has it been subscribed? 35.1x overall: QIB 75.6x, NII 42.2x, retail 8.93x.
How did it list? It opened at ₹422, +31.6% against the issue price of ₹321, and closed its first day +21.0%.
