Sanathan Textiles Ltd IPO
Sanathan Textiles, a Mumbai-based yarn manufacturer, has filed its preliminary papers with SEBI to raise funds through an IPO. The issue size will be ...
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Last Updated: 10 October 2023 5:28 PM by 5Paisa
Sanathan Textiles, a Mumbai-based yarn manufacturer, has filed its preliminary papers with SEBI to raise funds through an Initial Public Offering (IPO). The issue size will be in the range of Rs 1,200-1,300 crore.
The issue comprises of Rs 500 crore via fresh issue of equity shares and an offer for sale of up to 11,400,000 equity shares by the promoters. The company may also consider a pre-IPO placement of equity shares aggregating up to Rs 100 crore.
Mumbai-based yarn manufacturer, Sanathan Textiles' business is made up of three verticals, consisting of polyester yarn products; cotton yarn products; and yarns for technical textiles and industrial uses, manufactured at its Silvassa facility.
Its key customers include Arvind, Trident, Welspun India, Page Industries, D’décor Home Fabrics, Creative Group, Ascent Yarns and Paragon.
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