IPO Synopsis
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.
About Sanathan Textiles Ltd
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.
Sanathan Textiles Ltd Financial Status
How to apply for IPO?
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Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked