Sanathan Textiles Pvt Ltd files draft papers with SEBI to raise upto to Rs. 1300 crores via Initial public offerring (IPO).
Sanathan Textiles Pvt Ltd, fresh issue of Rs. 500 crores and offer for sale (OFS) of 1 crore 14 lakh equity shares. In Sanathan Textiles Pvt Ltd company promoters have 100 percent (%) stake in company.
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| Sanathan textiles pvt ltd |
Sanathan Textiles Pvt Ltd has filed Draft Red Herring Prospectus with Capital market regulator SEBI to raise via Initial public offering (IPO) of Rs. 1300 cr.
In Sanathan Textiles Pvt Ltd IPO offer for sale consists of 23,51,100 equity shares of Paresh Kumar Dhattani,
26,59,500 equity shares by Ajay Kumar Dhattani and 28,27,500 equity shares by Dinesh Kumar Dhattani
Other promoters (Sanathan Textiles Pvt Ltd) of company Sonali dhattani, Beena dhattani, Anil kumar dhattani HUF, Paresh kumar V dhattani HUF, Mikesh dhattani will also sell 9.5 lakh equity shares via OFS (offer for sale) in company (Sanathan Textiles Pvt Ltd).
Object of Company for raising money via IPO (initial public offering) : The company object is to repaying of debt, increasing working capital or others reasons.
Sanathan Textiles Pvt Ltd has its presence across polyster, cotton, technical textiles sectors.
Financials of Sanathan Textiles Pvt Ltd -
In final year 2021 company net profit is 185.63 crores and revenue is 1918.35 crores, In final year 2020 company net profit is 46.01 crores anDC revenue is 2116.6 crores
Company's 6 months period profit is (Sep 21) is 171.77 crores, exports contributing in Sanathan Textiles Pvt Ltd around 12.36% percent.
Edelwise Financial Service and JM financial are Book Lead Managers.
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