Investors interested in applying for the Sanathan Textiles IPO can do so through online trading platforms. Having a Demat account and UPI ID ready is essential for a smooth application process. Platforms like Bajaj Broking provide a user-friendly interface to apply for IPOs in a few steps.
Review the IPO details, including the price band and lot size, before applying. Follow the steps below to complete your application. To learn more, visit the Sanathan Textiles IPO.
Sanathan Textiles IPO Application Process
Below is a step-by-step guide to help you apply for the Sanathan Textiles IPO through online platforms like Bajaj Broking.
Step 1: Login to Your Trading Platform
Log in to your Bajaj Broking account through the web platform or mobile application.
Step 2: Navigate to the IPO Section
Go to the IPO section to view the list of active public issues.
Step 3: Select the Open IPO and Click Apply
Locate the Sanathan Textiles IPO in the list and click the ‘Apply’ button.
Step 4: Enter the Quantity of Shares You Wish to Apply For
Specify the number of shares or lots you want to apply for, keeping the minimum lot size in mind.
Step 5: Provide Your UPI ID
Enter your UPI ID to authorize payment and ensure there are sufficient funds in your linked bank account.
Step 6: Confirm the Application
Review all the details and confirm your application to proceed.
Step 7: Complete the Process and Wait for Allotment
Approve the UPI mandate request before 5 PM on December 23, 2024. Once completed, wait for the allotment details.
How to Check Sanathan Textiles IPO Allotment Status?
After the IPO allotment process is finalized, you can verify your application status through multiple platforms, including the registrar’s website and Bajaj Broking.
Step 1: Visit the Official Website of the IPO's Registrar
Access the website of KFin Technologies, the registrar for this IPO.
Step 2: Navigate to the IPO Allotment Status Page
Click on the relevant section for IPO allotment.
Step 3: Enter Your PAN Number, Demat ID, or Application Number
Provide the required details in the respective fields.
Step 4: Click on 'Submit' or 'Check Status'
Submit your details to view the allotment status.
Step 5: Alternative Check on Stock Exchange Websites
Visit the BSE or NSE website and follow similar steps to check the allotment.
Step 6: Check via Bajaj Broking Website
Log in to your Bajaj Broking account and go to the IPO section to check your IPO Allotment Status.
About Sanathan Textiles IPO: Overview and Key Facts
Sanathan Textiles Limited, established in 2005, operates across polyester, cotton, and technical yarns. The company’s business model supports its operations in multiple sectors, including healthcare, automotive, and construction. It exports its products to over 27 countries and has a strong presence in both domestic and international markets.
The Sanathan Textiles IPO has a total issue size of ₹550 Crores, comprising a fresh issue of ₹400 Crores and an offer for sale (OFS) of ₹150 Crores. The IPO price band is set between ₹305 and ₹321 per share, with a minimum application lot size of 46 shares.
The funds raised through this IPO are earmarked for debt repayment, investment in the company’s subsidiary, and general corporate purposes. The subscription window is open from December 19 to December 23, 2024.
To stay updated on allotment status, visit the Sanathan Textiles IPO Allotment Status.