Sanathan Textiles IPO to open on Dec 19; sets price band at Rs 305-321

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Sanathan Textiles IPO to open on Dec 19; sets price band at Rs 305-321 - Business Standard

Quick Summary:

The company's IPO is a combination of a fresh issue of equity shares aggregating up to Rs 400 crore and an Offer For Sale (OFS) of shares valued Rs 150 crore by promoters and promoter group entities.

Yarn manufacturer Sanathan Textiles on Monday said it has fixed a price band of Rs 305-321 per share for its Rs 550-crore initial public offering (IPO).

The initial share-sale will open for public subscription on December 19 and conclude on December 23.