Sanathan Textiles IPO: Files Draft Papers With Sebi to raise up to Rs 1,300 crore via this Public Offering

Well-known Indian textile company Sanathan Textile is all set for the Initial Public Offer. People who are waiting for the Sanathan Textiles IPO are going to know each and every detail related to this upcoming 2022 IPO. According to the reports, Sanathan Textiles filed the Draft Papers with the Stock Exchanges Board of India (SEBI). Through this IPO company plans to raise up to Rs 1,300 crores for the upcoming projects and growth. So let’s start the brief details about this IPO. There is a huge possibility that you will get all the answers related to this IPO.

Sanathan Textiles IPO

Sanathan Textiles IPO

Sanathan Textiles is a 2005 incorporated textile company. Headquarter is based in Mumbai, India. The company divided its business into three verticals, consisting of cotton yarn products, polyester yarn products and yarns for technical textiles and industrial uses. In the past few years, the company produced in very huge amount. They have achieved 221,050 metric tonnes per annum (MTPA) in the year 2021. While talking about profit then we want to tell you that by the end of September 2021 company hit Rs 170.78 crore profit and Rs 1,438.88 crore revenue. There are several details available that are important to read and you will get the chance to

Sanathan Textiles IPO Date

Sanathan Textiles IPO Date is the most important query that we want to solve. On the basis of the information, Sanathan Textiles IPO is going to be open in the upcoming months. However, the exact launch date is not available. Probably company Sanathan Textiles will launch its IPO when market sentiments become perfect for it. Approximately you will see this IPO hits the share market nearly April 2022.

Sanathan Textiles IPO Issue Size

Now coming to the Sanathan Textiles IPO issue size then we want to tell you that Sanathan Textiles IPO issue size is between Rs 1,200 to Rs 1,300 crores. The details have been collected from the available reports and the exact size is yet to come into knowledge. In this Sanathan Textiles IPO, the fresh issue will be Rs 500 Crores. While on the other side offer for sale will be Rs 1.14 Crores equity shares by Promoters of the Sanathan Textiles.

Sanathan Textiles IPO Price Band

The Sanathan Textiles IPO price is yet to be available here. You will get the price band immediately when a company reveals its IPO share price. Currently, Sanathan Textiles filed the draft papers only and as per the expectations price band will come among all of us in the upcoming few days. Because there are many people who are waiting for it that’s why we keep our eye on every news related to this Initial Public Offering.

Sanathan Textiles Pvt ltd Owner

If you are looking for the Sanathan Textiles owner’s name then we want to tell you some details here. As per details, Sanathan Textiles is owned by Varun Dattani who is the current director at Sanathan Textiles. He completed his study at the University of Illinois at Urbana-Champaign. Varun Dattani joined the company as a director in the Year 2012. Now it is almost 9 years 2 months.

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