Sitaram Denims India Files DRHP With SEBI for IPO
Sitaram Denims India Limited has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on November 3, 2026, for its proposed Initial Public Offering (IPO).
According to the DRHP, the IPO comprises 3.09 crore equity shares, including a fresh issue of up to 2.65 crore shares and an offer for sale (OFS) of up to 44.71 lakh shares by existing shareholders.
Sitaram Denims India IPO - Issue Details
- Issue Type: Book-built Issue (Fresh Issue + OFS)
- Total Issue Size: Up to 3.09 crore equity share
- Fresh Issue: Up to 2.65 crore equity shares
- Offer for Sale (OFS): Up to 44.71 lakh equity shares
- Face Value: ₹5 per equity share
- Listing: BSE, NSE
- Book Building Lead Managers: SMC Capitals Limited
- Registrar: Bigshare Services Private Limited
Explore other Upcoming IPOs on BSE and NSE.
Utilisation of Sitaram Denims India IPO Proceeds
The Company proposes to use the net proceeds from the fresh issue towards
- Repayment or prepayment of all or a portion of certain outstanding borrowings availed by the company
- Funding proposed expansion towards setting up of readymade garment manufacturing facility at Banera, Bhilwara (“Proposed Expansion”)
- Funding working capital requirements
- General corporate purposes.
About Sitaram Denims India Limited
Incorporated in 2011, Sitaram Denims India Limited is engaged in the manufacture and supply of branded and unbranded woven fabrics, primarily for the apparel industry. Its key products include cotton-spandex, rigid cotton, denim, polyester-viscose (PV) and other blended fabrics.
The company manufactures fabrics at its own facility and through dedicated weaving infrastructure available under a job-work arrangement with its promoter, Sitaram India Limited. It sells fabrics in both grey and finished forms, with finished fabrics undergoing dyeing and processing through third-party units. The company also undertakes job-work weaving and sizing activities and sells sized yarn.
Key Financial Information
|
Particulars |
For the three-month period ended June 30, 2026 (in ₹ Cr.) |
FY26 (in ₹ Cr.) |
FY25 (in ₹ Cr.) |
|
Revenue from Operations |
75.11 |
242.38 |
208.84 |
|
Profit After Tax (PAT) |
37.122 |
115.85 |
105.27 |
|
EBITDA |
15.78 |
50.47 |
41.88 |
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