The initial share sale of Sanathan Textiles closed with an enthusiastic response from investors, who are now eagerly waiting for the share allotment of the IPO. The Sanathan Textiles IPO share allotment will be finalised on Dec. 24.
Over the three-day bidding period, Sanathan Textiles IPO was booked 35.12 times, with demand being led by qualified institutional buyers (QIBs). In total, investors applied for 44,32,74,538 shares against the 1,26,22,950 up for sale.
Retail investors booked their quota 8.93 times whereas non-institutional investors applied for 42.21 times the shares set aside for them. Qualified institutional buyers subscribed 75.62 times their portion in Sanathan Textiles IPO.
With a total offer size of Rs 550 crore, the mainboard IPO consists of a fresh issue of 1.25 crore shares totalling Rs 400 crore and an offer for sale portion of 47 lakh shares worth Rs 150 crore.
Sanathan Textiles IPO price band was set between Rs 305 and Rs 321 per share. Shares of Sanathan Textiles Ltd. are expected to be listed on BSE and NSE on Friday, Dec. 27.
KFin Technologies Ltd. is the registrar for the issue. Investors who have bid for the Sanathan Textiles IPO can check its share allotment status on the websites of BSE and the registrar.
