Sanathan Textiles kicked off its stock market journey with an impressive 31% premium on Friday, December 27. The stock opened at ₹419.10 on the BSE, marking a 30.6% increase over its issue price of ₹321. On the NSE, it debuted even higher at ₹422.30, reflecting a premium of 31.6%. The listing surpassed grey market predictions, where the grey market premium (GMP) earlier in the day was ₹88. Based on an issue price of ₹321, the anticipated listing price was pegged at ₹409—a 27% premium. The actual opening price outperformed expectations, reinforcing strong market sentiment. Sanathan Textiles’ IPO, which ran from December 19 to December 23, aimed to raise ₹550 crore and saw an overwhelming subscription of approximately 37 times. Priced between ₹305 and ₹321 per share, the IPO garnered significant investor interest despite a broader market downtrend and multiple IPOs competing for attention. The company plans to utilize the funds for various strategic purposes, including partial repayment of borrowings, investments in its subsidiary Sanathan Polycot Pvt Ltd, and general corporate expenses.