Tue Dec 24 19:52:48 UTC 2024: ## Sanathan Textile IPO Allotment Expected on December 24th, Listing on 27th

**Mumbai, December 24, 2024** – The highly anticipated Sanathan Textile Ltd. initial public offering (IPO), which closed on December 23rd, is expected to announce its allotment status today, December 24th. The IPO, which saw an overwhelming 35.12 times oversubscription, was open from December 19th to 23rd. The company raised ₹550 crore through a combination of fresh issue and offer-for-sale.

Investors can check their allotment status online via 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/)). Successful applicants will have their shares credited to their demat accounts, while unsuccessful applicants will receive refunds on the same day.

Should there be a delay due to the December 25th market holiday, the allotment status is expected by December 26th. The shares are slated to list on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on December 27th, adhering to the T+3 listing rule.

The IPO’s strong performance is reflected in a healthy grey market premium (GMP) of ₹90 per share, suggesting a potential listing price of ₹411, a 28.04% premium over the issue price of ₹321. The IPO was significantly oversubscribed across all categories, with retail investors showing 8.93 times oversubscription, QIBs at 75.62 times, and NIIs at 42.21 times.

Dam Capital Advisors Ltd and ICICI Securities acted as book-running lead managers for the IPO. This news article is for informational purposes only and does not constitute investment advice. Consult with a financial advisor before making any investment decisions.

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