Sector: Textiles and Manufacturing | Proposed IPO
Sitaram Denims India Ltd., a textile manufacturing company based in Bhilwara, Rajasthan, has filed its Draft Red Herring Prospectus (DRHP) with SEBI for a proposed initial public offering comprising approximately 3.09 crore equity shares. The issue will include a fresh issue of 2.64 crore equity shares and an Offer for Sale of 44.71 lakh shares by existing promoters.
The proceeds from the fresh issue are intended to be utilised towards repayment of borrowings, working capital requirements and the establishment of a new garment manufacturing facility in Bhilwara. The proposed expansion is expected to strengthen the company’s manufacturing capacity and support its operations in the textile segment. The price band, issue opening date and lot size are yet to be announced.
Source: Moneycontrol / Economic Times | 4–5 November 2026
