The much-anticipated Sanathan Textiles IPO, which garnered a strong response during its subscription window from December 19 to December 23, is now set to finalize its share allotment. Investors are closely monitoring the status of allotments, with the official date likely falling on December 24, 2024. The ₹550 crore IPO witnessed overwhelming enthusiasm across investor categories, leading to a significant oversubscription.
Sanathan Textiles IPO Allotment and Listing Details
As per the timeline, the Sanathan Textiles IPO allotment status is expected to be made public on December 24. If delayed, it will be available on December 26, following the stock market holiday on December 25. Eligible allottees will see their equity shares credited to their demat accounts on the same day, while refunds will be processed for unsuccessful bidders.
Sanathan Textiles shares are scheduled to debut on the stock exchanges on December 27, 2024, under the ‘T+3’ listing rule.
How to Check Sanathan Textiles IPO Allotment Status
Investors can check their IPO allotment status via the BSE or the registrar, Kfin Technologies. Here’s a step-by-step guide for both platforms:
On BSE Website
- Visit the BSE allotment page.
- Select “Equity” as the issue type.
- Choose “Sanathan Textile Limited” from the issue name dropdown.
- Enter your application number or PAN.
- Verify the captcha and click “Search” to view your allotment status.
On Kfin Technologies Website
- Go to Kfin Technologies’ IPO status page.
- Select “Sanathan Textile Limited” from the IPO dropdown menu.
- Enter your application number, demat account, or PAN details.
- Complete the captcha and click “Submit” to see your allotment details.
Grey Market Buzz and GMP Performance
Sanathan Textiles IPO has garnered positive sentiment in the grey market, with shares commanding a premium of ₹90 per share over the issue price of ₹321. This suggests an estimated listing price of ₹411 per share, reflecting a 28.04% premium.
IPO Subscription Highlights
The IPO was oversubscribed 35.12 times overall, driven by:
- Retail Investors: Subscribed 8.93 times.
- Qualified Institutional Buyers (QIBs): Subscribed 75.62 times.
- Non-Institutional Investors (NIIs): Subscribed 42.21 times.
IPO Details and Key Figures
Sanathan Textiles raised ₹550 crore through its book-built issue, which included a fresh issue of 1.25 crore shares (₹400 crore) and an offer-for-sale (OFS) of 47 lakh shares (₹150 crore). The IPO price band was ₹305–₹321 per share.
What’s Next for Sanathan Textiles?
As shares prepare for listing on both the BSE and NSE, investors are eager to see how Sanathan Textiles performs in the secondary market. Backed by strong fundamentals and overwhelming investor interest, the IPO has laid the groundwork for a promising debut.
Stay tuned for updates on the allotment and listing of Sanathan Textiles shares.
