Sanathan Textiles IPO Allotment Status: Check Allotment Status Online on BSE, NSE & Kfin Technologies

Use of Proceeds

The company intends to use the net proceeds for the following purposes: repaying and/or pre-paying, in whole or in part, certain borrowings taken by the company; investing in its subsidiary, Sanathan Polycot Private Limited, for the repayment and/or pre-payment, in whole or in part, of borrowings availed by the subsidiary; and for general corporate purposes.

Checking the Allotment Status

Steps to Check Allotment Status on BSE 

1. Visit the IPO allotment page on the BSE website here.  
2. Select the issue type as 'Equity.'  
3. Select 'Sanathan Textiles' from the dropdown menu.  
4. Enter your application number or PAN (Permanent Account Number).  
5. Clear the 'Captcha' to verify that you are not a robot. 
6. Click on the 'Search' option to see your allotment status.

Steps to Check Allotment Status on NSE

1. Visit NSE’s IPO bid verification page here.
2. Register on the website if you are a new user.
3. Select ‘Sanathan Textiles’.
4. Enter details such as your application number.
5. Click on ‘Get Data’.

Steps to Check Allotment Status on Kfin Technologies

1. Visit the IPO registrar’s website here.
2. Choose 'Sanathan Textiles' from the Select IPO dropdown menu.
3. Select either Application No., Demat Account, or PAN.
4. Enter the details as per the option selected.
5. Enter the Captcha code and click on Submit. Your Sanathan Textiles IPO allotment status will be displayed on the screen.

Sanathan Textiles Business Overview

Sanathan Textiles stands as a prominent manufacturer of polyester yarns and a global supplier of cotton, polyester, and technical textile yarns. Operating through three distinct business verticals, the company delivers a diverse portfolio of yarns catering to various industries and applications. 

Between April 1, 2020, and December 31, 2023, the company served 2,588 customers, supplying yarns for a wide array of products, including apparel, home furnishings, ropes, seatbelts, sportswear, PPE, and more. 

Equipped with an in-house testing facility featuring advanced equipment for denier testing, tensile strength assessment, and color evaluation, Sanathan Textiles emphasizes quality assurance. By leveraging technology and digitization, the company optimizes planning and production processes. Additionally, its dedicated innovation team focuses on developing value-added products and customized solutions, which play a crucial role in fostering customer loyalty and enhancing profit margins.

IPO Day 3 Subscription Status 

(December 23, 2024, End of Day)

On the third day of bidding, the Sanathan Textiles IPO was subscribed 35.07 times the total shares offered. 

• Non-Institutional Investors (NIIs) subscribed 42.18 times their allocated portion. 
• While Retail Investors subscribed 8.84 times the shares reserved for them. 
• The Qualified Institutional Buyers (QIBs) segment saw a subscription rate of 75.62 times.