Sanathan Textiles Issues Corrigendum to its IPO Prospectus
By Ankur Chandra | Updated at: May 31, 2025 10:46 PM IST
Mumbai, May 15, 2025 — Sanathan Textiles Limited has issued a corrigendum to its Red Herring Prospectus (RHP), as disclosed on the Securities and Exchange Board of India (SEBI) website today. A corrigendum is correction of an error that is there. This corrigendum pertains to date of registration of the company and its renaming.
The IPO, which opened on December 19, 2024, and closed on December 23, 2024, attracted strong interest across investor categories, eventually being oversubscribed by 35.12 times. The equity shares of Sanathan Textiles were listed on the NSE and BSE on December 27, 2024, listing at a premium of 31.56% on the NSE and 30.56% on the BSE. The stock opened at Rs 422.30 on the NSE and Rs 419.10 on the BSE, well above the issue price of Rs 321.
Headquartered in Mumbai, Sanathan Textiles is a long-established player in the yarn manufacturing sector, operating across three key verticals: cotton yarns, polyester yarns, and yarns for technical textiles. The company’s integrated manufacturing facility in Silvassa supports an installed capacity exceeding 2,20,000 MTPA. Its polyester segment accounts for the majority of its revenue, followed by its cotton and technical textile yarn offerings.
The company had earlier filed its draft RHP in June 2022, which was subsequently withdrawn in October 2022. It refiled the document with SEBI in August 2024 — marking its third submission — and received final approval in November 2024. The IPO was managed by Axis Capital, Edelweiss Financial Services, and JM Financial as the book-running lead managers.
Investors and stakeholders are advised to review the corrigendum on SEBI’s official website for comprehensive information.
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