Share the post "IPO Launch: Sanathan Textiles’s Initial public offering on 19-12-2024!"
An Initial Public Offering (IPO) is the process through which a private company offers its shares to the public for the first time, transitioning into a publicly traded entity. This event allows the company to raise capital from a broader investor base, enhancing its growth potential. An IPO typically involves extensive regulatory scrutiny and is often seen as a significant milestone in a company’s development. Sanathan Textiles IPO of Initial public offering type offers an equity issue (inclusive of premium) with a face value of ₹ 10.00. The issue is live from 19 Dec 2024 to 23 Dec 2024 , with a market lot of 46 shares. This call notice includes , covering ₹10.00 towards face value and the remaining towards securities premium. This is a chance to invest in a well-established company known for its quality and innovation.
| Security Name | Sanathan Textiles Limited |
|---|---|
| Offer Price () | 305.00 – 321.00 |
| Face Value | 10.00 |
| Type Of Issue | IPO |
| Issue Status | Forthcoming |
| Security Type | Equity |
| Symbol | SANATHAN |
| Issue Period | 19 Dec 2024 to 23 Dec 2024 |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
| Cut-off Time For UPI Mandate Confirmation | 23-Dec-2024 (Upto 5.00 pm) |
| Issue Size – No. Of Shares | 1,80,32,786 |
| Price Band | 305.00-321.00 |
| Tick Size | 1.00 |
| Market Lot | 46 |
| Minimum Bid Quantity | 46 |
| Maximum Bid Quantity For Qualified Institutional Investors | 18032782 |
| Maximum Bid Quantity For Non-Institutional Investors | 9016368 |
| Book Running Lead Manager | DAM Capital Advisors Limited |
| Co-Book Running Lead Manager | ICICI Securities Limited |
| Registrar | KFin Technologies Limited (formerly known as at KFin Technologies Private Limited) |
| Sponsor Bank | 1) ICICI BANK2) HDFC BANK |
| Exchange Notices | 1) Processing of ASBA applications in Public Issue of Equity Shares and Convertibles |
| Notes | As per SEBI circular no SEBI/HO/CFD/DIL2/CIR/P/2019/76 dated 28 June 28 2019 all are requested to comply with the provisions of the aforementioned circular which states as below: Intermediaries shall retain physical application forms submitted by retail individual investors with UPI as a payment mechanism, for a period of six months and thereafter forward the same to the issuer/ Registrar to Issue. However, in case of electronic forms printouts of such applications need not be retained or sent to the issuer. Intermediaries shall at all times maintain the electronic records relating to such forms for a minimum period of three years. |
Sanathan Textiles IPO opens on 19-12-2024, and closes on 23-12-2024
| Start Date | 19-12-2024 |
|---|---|
| End Date | 23-12-2024 |
| Issue Period | 19 Dec 2024 to 23 Dec 2024 |
Here are more informative data links:
- Price-Band Advertisement
- Prospectus & GID
- Blank ASBA Form
- Online ASBA Form
- Revised Online ASBA Form
- Registrars To An Issue And Share Transfer Agents/Depository Participants
- Branches Of SCSBs Where Syndicate / Sub Syndicate Member To Submit ASBA Form
- List Of SCSBs For Syndicate ASBA And Under ASBA Facility
- Self Certified Syndicate Banks Eligible As Issuer Banks For UPI
