Sanathan Textiles Debuts At 30.56% Premium On BSE

Sanathan Textiles made a strong debut on the Bombay Stock Exchange (BSE) at Rs 419.10, reflecting a 30.56% rise from its issue price of Rs 321.00. The stock is currently trading at Rs 400.90, up 24.89% from the issue price. The shares reached a high of Rs 422.65 and a low of Rs 382.85 during the session.

So far, 11.68 lakh shares have been traded. The company’s initial public offering (IPO), which was open for subscription between December 19 and December 23, 2024, was oversubscribed 36.9 times. The issue price was fixed at Rs 321 per share, the upper end of the price band of Rs 305-321 per share.

Sanathan Textiles specializes in the production of a variety of yarns, including polyester, texturized, and cotton yarns. Their product range includes Partially Oriented Yarn (POY), Fully Drawn Yarn (FDY), Draw Textured Yarn (DTY), Air Textured Yarn (ATY), twisted yarn, and polyester chips.