Sanathan Textiles Ltd. made a solid debut on the stock exchanges today, listing at ₹422.30 on the National Stock Exchange (NSE), a 31.56% premium over its issue price of ₹321 per share. The listing reflects strong investor sentiment and demand during its IPO phase.
IPO Details and Subscription Highlights
- IPO Price Band: ₹305 – ₹321 per share
- Lot Size: 46 shares
- Total Issue Size: 1,71,33,958 shares, aggregating up to ₹550 crore
- Fresh Issue: 1,24,61,060 shares (₹400 crore)
- Offer for Sale: 46,72,898 shares (₹150 crore)
- Subscription: The IPO was subscribed 36.9 times, indicating strong demand across investor categories:
- Qualified Institutional Buyers (QIBs): Subscribed 79.59 times
- Non-Institutional Investors (NII): Subscribed 44.39 times
- Retail Investors: Subscribed 9.31 times
Market Debut
The stock opened at ₹422.30, delivering gains of ₹101.30 per share over the upper issue price of ₹321. This performance underscores positive market sentiment towards Sanathan Textiles’ growth potential and operational strength.
Disclaimer: This article is for informational purposes only. Please consult a certified financial advisor before making any investment decisions.
