Sanathnagar Enterprises Limited announced the final subscription status for its initial public offer (IPO), which was subscribed 95.58 times. The offer, which opened for bidding on Wednesday, July 8, 2026, and closed on Friday, July 10, 2026, received 37,40,929 applications for 1,48,35,89,892 equity shares. The anchor investor portion was finalized at ₹419 per equity share, with 46,28,877 shares allotted aggregating to ₹1,33,94,89,453.

Subscription Details

The issue saw strong participation across investor categories. Qualified Institutional Bidders (QIBs) excluding anchor investors applied for 92,64,78,726 shares, subscribing their reserved portion significantly. Non-Institutional Bidders and Retail Individual Bidders also contributed to the heavy oversubscription. The basis of allotment was finalized in consultation with the National Stock Exchange (NSE) on July 13, 2026.

Allotment Summary

The final demand table indicated that 90.50% of the total bids came at the cut-off price or ₹419 per share. Retail Individual Bidders were allotted shares on a proportionate basis, with the category subscribed 26.99 times. Non-Institutional Bidders in the higher bracket (more than ₹10 lakh) saw a subscription of 181.77 times. The QIB category, excluding anchors, was subscribed 1,238.44 times the net QIB portion. A total of 30,87,61,019 equity shares were allotted to QIBs, with Mutual Funds receiving 50% of the net QIB portion.

Sanathnagar Enterprises Limited has approved the re-appointment of Ms. Ritika Bhalla and Mr. Jinesh Shah as Independent Directors for a second term of five years, effective from July 22, 2027, to July 21, 2032. The decision, taken during a board meeting on July 14, 2026, is subject to the approval of the company's members. The re-appointments were based on the recommendation of the Nomination and Remuneration Committee (NRC).

Ms. Ritika Bhalla possesses extensive experience in corporate law compliance, advisory, due diligence, and audit. She has assisted foreign companies in setting up businesses in India and has experience drafting shareholders and joint venture agreements. Currently, she serves as a director on the boards of private companies, bringing a compliance-focused and governance-oriented approach to corporate matters.

Mr. Jinesh Shah is a Chartered Accountant and a partner at G.P. Kapadia & Co. He brings over 18 years of specialized experience in corporate taxation, statutory audits, and financial reporting to the board. Neither director is related to any of the existing directors of the company, nor are they debarred from holding the office of director by any SEBI order or other authority.

The disclosures were made in compliance with Regulation 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also referenced SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, regarding the details of the re-appointments.

Details of Re-appointment