Polyester/Textiles - Listed on 27 December 2024
Sanathan Textiles (Polyester/Textiles) closed its IPO window in 2024 and listed on NSE and BSE on 27 December 2024 at an upper band issue price of Rs 321, opening at Rs 388.35 for a listing gain of +21.0% and closing day one at Rs 388.35 (+21.0% on closing basis). The IPO was subscribed 36.90x overall - QIB 79.59x, HNI/NII 44.39x, Retail 9.31x. The total issue size was Rs 550 Cr (Fresh Issue Rs 400 Cr, OFS Rs 150 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Polyester/Textiles
Sanathan Textiles operates in the Polyester/Textiles space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Sanathan Textiles issue was offered at an upper price of Rs 321 and raised approximately Rs 550 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 105 | +81.00% |
| Day 2 | Rs 110 | +77.88% |
| Day 3 | Rs 175 | +77.88% |
| Day 4 | Rs 188 | +77.88% |
| Day 5 | Rs 250 | +66.98% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Sanathan Textiles IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Sanathan Textiles IPO listed at +21.0% versus the upper issue price of Rs 321 on 27 December 2024.
Sanathan Textiles IPO was subscribed 36.90x overall. QIB portion was subscribed 79.59x, HNI / NII 44.39x and Retail 9.31x.
IPO GMP started at Rs 105 on Day 1 and moved to Rs 250 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.