Sanathan Textiles Files Draft Papers For Rs 1,300-Crore IPO

Yarn manufacturer Sanathan Textiles has filed preliminary documents with capital markets regulator SEBI to raise around Rs 1,300 crore through an initial public offering (IPO). The initial share-sale comprises a fresh issue of equity shares aggregating up to Rs 500 crore and an offer-for-sale of up to 1.14 crore equity shares, according to the draft red herring prospectus (DRHP).