Loading market data...
Fri, 13 Nov 2026
04:54:02 pm
Fri, 13 Nov 2026
04:54:02 pm
Rudransh Sangwan
Published at: November 11, 2026, 7:46 AM
Synopsis
South Eastern Coalfields IPO: Coal India subsidiary files DRHP for an OFS of 66.81 crore shares. Check SECL IPO details, financials and key dates.
Sitaram Denims India Ltd. has filed its Draft Red Herring Prospectus (DRHP) with SEBI on November 3, 2026, to raise funds through an IPO of 3.09 crore shares. The issue includes a fresh issue of 2.65 crore shares and an offer for sale (OFS) of 44.71 lakh shares.
The shares are proposed to be listed on the BSE and NSE. IPO dates, price band and lot size are yet to be announced.
| Particulars | Details |
|---|---|
| Issue Size | 3.09 crore shares |
| Fresh Issue | 2.65 crore shares |
| Offer for Sale | 44.71 lakh shares |
| Face Value | ā¹5 per share |
| Issue Type | Book Building IPO |
| Listing | BSE, NSE |
| Lead Manager | SMC Capitals |
| Registrar | Bigshare Services |
| IPO Dates | To be announced |
Incorporated in 2011, Sitaram Denims manufactures and supplies denim, cotton-spandex, rigid cotton and blended fabrics for the apparel industry.
The company operates a manufacturing facility in Bhilwara, Rajasthan, and serves domestic and international customers. It had 415 permanent employees as of September 30, 2026.
| Particulars | FY26 | FY25 |
|---|---|---|
| Total Income | 243.90 | 210.00 |
| Profit After Tax | 24.23 | 15.94 |
| EBITDA | 50.48 | 41.88 |
| Total Assets | 410.02 | 325.77 |
In FY26, total income increased by around 16%, while profit after tax rose by approximately 52% year-on-year.
The company plans to use the ā¹104.60 crore proceeds for:
Key Takeaway: Sitaram Denims plans to use its IPO proceeds to reduce debt, expand into garment manufacturing and strengthen working capital. Investors can evaluate the offer once the price band and issue dates are announced.
When did Sitaram Denims India file its DRHP?
Sitaram Denims India Ltd. filed its Draft Red Herring Prospectus (DRHP) with SEBI on November 3, 2026.
What is the total issue size of the Sitaram Denims India IPO?
The IPO comprises 3.09 crore equity shares, including a fresh issue of up to 2.65 crore shares and an offer for sale of 44.71 lakh shares. The total issue value is yet to be announced.
Is the Sitaram Denims India IPO a fresh issue or an OFS?
The IPO includes both a fresh issue and an offer for sale (OFS).
What is the face value of Sitaram Denims India shares?
The face value of each equity share is ā¹5.
On which stock exchanges will Sitaram Denims India list?
The company's shares are proposed to be listed on the BSE and NSE.
Have the Sitaram Denims India IPO dates been announced?
No. The IPO opening and closing dates are yet to be announced.
What is the price band for the Sitaram Denims India IPO?
The IPO price band has not yet been announced.
Who is the registrar of the Sitaram Denims India IPO?
Bigshare Services Pvt. Ltd. is the registrar of the IPO.
Who is the lead manager of the Sitaram Denims India IPO?
SMC Capitals Ltd. is the book-running lead manager.
What does Sitaram Denims India do?
The company manufactures and supplies branded and unbranded woven fabrics, primarily serving the apparel and textile industries.
Which products does Sitaram Denims India manufacture?
Its portfolio includes cotton-spandex, rigid cotton, denim, polyester-viscose and other blended fabrics.
Where is Sitaram Denims India's manufacturing facility located?
The company operates an integrated manufacturing facility in Bhilwara, Rajasthan.
How many permanent employees does the company have?
As of September 30, 2026, the company had 415 permanent employees.
What was Sitaram Denims India's total income in FY26?
The company reported total income of ā¹243.90 crore in FY26, compared with ā¹210 crore in FY25.
What was its net profit in FY26?
Profit after tax stood at ā¹24.23 crore in FY26, compared with ā¹15.94 crore in FY25.
How much did the company's profit increase in FY26?
Profit after tax increased by approximately 52% year-on-year.
How will Sitaram Denims India use the IPO proceeds?
The company plans to use ā¹40 crore for debt repayment, ā¹41.37 crore for a proposed readymade garment manufacturing facility and ā¹23.23 crore for working capital requirements. The remaining amount is intended for general corporate purposes.
Where will the proposed garment manufacturing facility be established?
The proposed readymade garment manufacturing facility will be established at Banera, Bhilwara, Rajasthan.
Who are the selling shareholders in the OFS?
Madhu Nuwal, Mamta Nuwal and Sangeeta Nuwal are offering a combined 44.71 lakh shares through the OFS.
What will be the promoter shareholding after the IPO?
The proposed promoter and promoter group shareholding will reduce from 100% to 72%, while public shareholders will hold 28%.
Financial journalist specializing in market analysis, stock research, and investment trends. Dedicated to providing accurate, timely insights for informed decision-making.
Credentials: Experienced financial journalist with expertise in equity markets and economic analysis
The information provided in this article is for educational and informational purposes only and should not be construed as financial, investment, or legal advice. welomoney does not provide personalized investment recommendations.
For detailed terms and conditions, please read our Disclaimer and Terms of Service.
Encube Ethicals receives SEBI approval for its ā¹3,000 crore IPO. Check issue details, FY26 financial results, OFS structure and upcoming IPO dates.
Sagar Defence Engineering IPO: SEBI approves the defence technology company's proposed public issue.
MakeMyTrip IPO 2026: SEBI approves the online travel company's proposed public issue. Check IPO status, business details, lead managers and upcoming...
GAMP Services IPO 2026: The company files DRHP for 46.94 lakh shares. Check IPO details, business profile, FY26 financial results and issue...
Sitaram Denims India files its DRHP for a ā¹104.60 crore IPO, comprising a fresh issue and OFS.
