Textile Stock Logo
3782 stock products & counting…..
 Call Us@ +91-11-23642888
Welcome to India’s only warehouse for all ‘A’ grade Textile stocklot & surplus from India. Textile stocklot details one click away!!!
  Advanced Product Search

News Details

Friday, 7 January 2022

Sanathan Textiles (India) to launch IPO, aims to raise up to Rs 1,300 crore

news image

Amongst plenty of challenges, the expansion of textile companies continues!

Sanathan Textiles is also one such firm that’s going to launch its IPO (Initial Public Offering). The Mumbai-based company, producing cotton yarn products, polyester yarn and yarns for technical textiles, aims to raise between Rs. 1,200 crore and Rs. 1,300 crore.

However, the company has not yet made an official statement in this regard.

As per media reports, the IPO will mix a fresh issuance and an offer for sale for existing shareholders. The company is preparing to file a draft red herring prospectus with market regulator Sebi and is expected to do so this week.

As per India Ratings and Research, the market research business stated that Sanathan Textiles expanded its margin to 17.8 per cent in the first half of the 2022 financial year.

The company also has a range of recycled textile products named ‘Revir’ and a line of eco-friendly colour polyester yarns named ‘Born Dyed’ and makes functional and customised yarns to order.

Source : https://in.apparelresources.com/
 
    
Pinterest