Tue Dec 24 09:52:51 UTC 2024: ## Sanathan Textile IPO Allotment Expected Today, Strong Investor Interest

**Mumbai, December 24, 2024** – The highly anticipated initial public offering (IPO) of Sanathan Textile Ltd., a polyester yarn manufacturer, is expected to finalize its allotment today, December 24th. The IPO, which closed on December 23rd after a significantly oversubscribed period, saw a total subscription of 35.12 times. Strong interest was observed across investor categories, with retail investors subscribing 8.93 times, Qualified Institutional Buyers (QIBs) 75.62 times, and Non-Institutional Investors (NIIs) 42.21 times.

The company raised ₹550 crore through a combination of fresh issue and offer-for-sale (OFS), with the shares priced in a band of ₹305 to ₹321. Sanathan Textile shares are expected to list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on December 27th, adhering to the T+3 listing rule. However, if a delay occurs due to the upcoming market holiday on December 25th, the allotment status will likely be announced on December 26th.

Investors can check their allotment status online through the BSE website ([https://www.bseindia.com/investors/appli_check.aspx](https://www.bseindia.com/investors/appli_check.aspx)), the NSE website, or the IPO registrar Kfin Technologies’ portal ([https://kosmic.kfintech.com/ipostatus/](https://kosmic.kfintech.com/ipostatus/)). Detailed instructions for checking allotment status are available on these websites.

Ahead of the allotment, Sanathan Textile shares are showing a healthy grey market premium (GMP) of ₹90, suggesting a potential listing price of ₹411, a 28.04% premium over the issue price. Dam Capital Advisors Ltd and ICICI Securities acted as book running lead managers for the IPO.

**Disclaimer:** This news report is based on publicly available information. Investors are advised to conduct their own due diligence and consult with financial advisors before making any investment decisions.

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