The Sanathan Textiles Share Price Target 2030 is a prominent opportunity in the textile manufacturing sector. Known for its focus on producing premium quality yarns and fabrics, Sanathan Textiles has a solid reputation for innovation and sustainable manufacturing practices. This IPO is poised to fund strategic expansions and enhance its competitive edge in the domestic and international markets.
IPO Details
- IPO Opening Date: December 19, 2024
- IPO Closing Date: December 23, 2024
- Issue Price: ₹305–₹321 per share
- Lot Size: To be determined (based on updates closer to the date).
- Total Issue Size: ₹550.00 crores
- Listing on: BSE, NSE
Company Background: Sanathan Textiles Limited
Sanathan Textiles Limited is a well-established player in the textile industry, offering a wide range of products such as polyester, nylon, and polypropylene yarns. With state-of-the-art manufacturing facilities and a strong commitment to sustainability, the company has consistently delivered value to its stakeholders while adhering to global standards.
Objectives of the IPO
- Capacity Expansion: To increase production capabilities and meet growing market demands.
- Debt Reduction: Strengthening the company’s financial position by paying off existing liabilities.
- General Corporate Purposes: Ensuring long-term operational efficiency and market positioning.
Financial Performance and Yearly Predictions
- Revenue (Last FY): ₹1,256 crores (15% YoY growth)
- Profit (Last FY): ₹210 crores (20% YoY growth)
Predicted Share Price (INR)
| Year | Predicted Price |
|---|---|
| 2024 | ₹350 |
| 2025 | ₹420 |
| 2026 | ₹500 |
| 2027 | ₹590 |
| 2028 | ₹700 |
| 2029 | ₹820 |
| 2030 | ₹960 |
Subscription and Grey Market Premium Details
- Retail Subscription: To be updated
- Qualified Institutional Buyers (QIB): To be updated
- Non-Institutional Investors (NII): To be updated
- Total Subscription: To be updated
- Grey Market Premium (GMP): ₹60 (as of December 23, 2024)
- Expected Listing Price: ₹370 (approx. 15.27% listing gain).
Conclusion: Is Sanathan Textiles Limited IPO a Good Investment?
The Sanathan Textiles Limited IPO offers a lucrative opportunity for investors looking to capitalize on the growth of the textile industry. With its focus on sustainability, innovation, and financial stability, the company is well-positioned for long-term growth. Investors should, however, consider their risk appetite and market conditions before making investment decisions.