InvestorQ : Can you tell me about the forthcoming Sanathan Textiles IPO?
Riya Dwivedi made post

Can you tell me about the forthcoming Sanathan Textiles IPO?

Answer
image
shrinidhi Rajan answered.
4 months ago
Follow

Sanathan Textiles is has filed DRHP for Rs.1,300 crore IPO comprising of Rs.500 crore fresh issue and 1.14 crore equity shares via OFS. It may also do a pre IPO placement of Rs.100 crore. Out of the proceeds of fresh issue, Rs.325 crore will go towards loan repayment and Rs.65 crore for funding working capital. It is an existing profit making company. SEBI approval normally takes 2-3 months.

9 Views