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  • IPO Date
    [.]
  • Listing Date
    [.]
  • Face Value
    ₹5 per share
  • Price Band
  • Sale Type
    Fresh capital cum OFS
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE, NSE
  • Total Issue Size
    3,09,38,000 shares (agg. up to ₹[.] Cr)
  • Fresh Issue
    2,64,67,000 shares (agg. up to ₹[.] Cr)
  • Offer for Sale
    44,71,000 shares of ₹5 (agg. up to ₹[.] Cr)
  • Share Holding Pre Issue
    8,40,40,000 shares
  • Share Holding Post Issue
    11,05,07,000 shares

IPO DRHP Status

Description Date
Filed with SEBI/Exchange Tue, Nov 3, 2026

 

Issue Reservation

Investor Category Shares
QIB Not more than 50% of the Net Offer
Retail Not less than 35% of the Net Offer
NII Not less than 15% of the Net Offer

About Sitaram Denims India Ltd.

Incorporated on February 2, 2011, Sitaram Denims Limited is engaged in the manufacturing and supply of branded and unbranded woven fabrics, primarily catering to the apparel industry. The Company offers a diversified portfolio of fabrics, including cotton-spandex, rigid cotton, denim, polyester-viscose (“PV”) and other blended fabrics. It sells products in both grey and finished fabric forms, with finished fabrics undergoing dyeing and processing through third-party units. In addition to fabric manufacturing, the Company undertakes job-work weaving and sizing services and sells sized yarn.

The Company operates an integrated manufacturing facility in Bhilwara, Rajasthan, comprising sizing and weaving infrastructure equipped with automated preparatory machinery and shuttleless airjet looms. Its manufacturing capabilities are supplemented by dedicated weaving infrastructure available through Sitaram India Limited under an exclusive job-work arrangement, providing access to Sulzer and rapier weaving technologies. This flexible manufacturing model enables the Company to cater to different fabric constructions and customer specifications.

The Company primarily follows a B2B business model, supplying textile and apparel manufacturers, wholesalers and other participants in the textile industry. It primarily serves the domestic market and also caters to international markets through direct exports and merchant exporters. Its operations are supported by an established supplier network, quality control processes and its strategic presence within the Bhilwara textile ecosystem.

As of September 30, 2026, the Company had 415 permanent employees across management, production, operations, maintenance, quality control, sales and marketing and support functions.

Competitive Strengths

  • Healthy growth in revenue, operating profitability and returns.
  • Strategic presence in the Bhilwara textile manufacturing ecosystem.
  • Diversified product portfolio and established customer relationships.
  • Experienced Promoters and management team with industry expertise.
  • Integrated and automation-led preparatory and weaving infrastructure.
  • Flexible manufacturing platform supported by owned and dedicated weaving capacity.

Company Financials (Restated)

Sitaram Denims India Ltd.’s revenue increased by 16% and profit after tax (PAT) rose by 52% between the financial year ending with March 31, 2026 and March 31, 2025.    (Amount in ₹ Crore)

Period Ended 30 Jun 2026 31 Mar 2026 31 Mar 2025 31 Mar 2024
Assets 443.12 410.02 325.77 256.66
Total Income 75.43 243.90 210.00 113.32
Profit After Tax 7.98 24.23 15.94 5.24
EBITDA 15.78 50.48 41.88 20.30
NET Worth 121.02 113.06 89.08 73.14
Reserves and Surplus 79.27 71.29 68.08 52.13
Total Borrowing 245.92 227.27 194.15 153.29

Recently Listed IPOs in Other Textile Products

Company Issue Type Issue Size Issue Price PE Ratio Listing Day Close Listing Gain/Loss % LTP
Sonaselection India Ltd. Mainboard ₹141.57 Cr ₹99 12.38 ₹107.42 +8.51% ₹104.38
Alpine Texworld Ltd. Mainboard ₹126.25 Cr ₹105 12.68 ₹99.75 -5.00% ₹41.10
Kusumgar Ltd. Mainboard ₹650.00 Cr ₹419 44.8 ₹602.80 +43.87% ₹584.95

IPO Timetable (Tentative)

  • # Issue Objects
    Est Amt (₹ Cr.)
  • 1 Repayment or prepayment of all or a portion of certain outstanding borrowings availed by the Company
    40.00
  • 2 Funding proposed expansion towards setting up of readymade garment manufacturing facility at Banera, Bhilwara (“Proposed Expansion
    41.37
  • 3 Funding working capital requirements
    23.23
  • 4 General corporate purposes
  • Total
    104.60

Key Performance Indicator (KPI)

KPI Jun 30, 2026 Mar 31, 2026
ROE 6.82% 23.97%
ROCE 3.93% 12.82%
Debt/Equity 2.03 2.01
RoNW 6.82% 23.97%
PAT Margin 10.62% 9.99%
EBITDA Margin 21.01% 20.83%
NAV 14.40 13.45

IPO Valuation

Valuation Metric Pre IPO Post IPO
EPS (₹) 2.88 2.89

Shareholding Structure

Category Pre IPO Post IPO
Promoter and Promoter Group 100% 72%
Public 28.00%
Total 100% 100%

Company Promoters: Anil Kumar Nuwal, Madhu Sudan Nuwal, Jugal Kishore Nuwal and Sitaram India Ltd..

Offer For Sale – Selling Shareholders

Name Category No. of Shares Offered
Madhu Nuwal Promoter 14,90,333
Mamta Nuwal Promoter 14,90,333
Sangeeta Nuwal Promoter 14,90,334
Total 44,71,000
📰 Sitaram Denims India Ltd. – News Updates
  • Sitaram Denims India Ltd. Files IPO Draft Papers with SEBI

IPO Registrar

Bigshare Services Pvt.Ltd.

  • 8657578989/8069219065/8069219060
  • ipo@bigshareonline.com
  • Visit Website

IPO Lead Manager(s)

  1. SMC Capitals Ltd.

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Sitaram Denims India Ltd.
F-226,227, G-228, 229
IV Phase RIICO Industrial Area
Bhilwara, Rajasthan, 311001

IPO FAQs

Sitaram Denims India IPO is a main-board IPO of 3.09 Cr equity shares with a face value of ₹5 each. The price band and the minimum order quantity are yet to be announced.

The Sitaram Denims India IPO open and close dates are not available as of now.

Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Angel One customers can apply for the Sitaram Denims India IPO online through the Kite platform under the IPO & Bids section using UPI as the payment method.

Steps to Apply for Sitaram Denims India IPO through Angel One

Log in to your Angel One Kite account.
On the home page, click IPO & Bids in the top menu.
Select the IPO tab and find the Sitaram Denims India IPO in the list.
Click Apply next to the IPO.
Enter your UPI ID, bid quantity, and bid price.
Submit the IPO application.
Open your UPI app and approve the mandate to complete the application process.
For more details, visit the Angel One IPO Application Process Review.

The Sitaram Denims India IPO dates are not announced. Please check back again after some time.

Sitaram Denims India IPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in Sitaram Denims India IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The Sitaram Denims India IPO allotment date is not yet announced. Please check back after the IPO dates are announced.

The listing date of Sitaram Denims India IPO is not yet announced.

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