Sanathan Textiles Seeks 800 Crore Fund via IPO & submits DRHP to SEBI

Sanathan Textiles Seeks Rs.800 Crore Fund via IPO & submits DRHP to SEBI
Yarn producer Sanathan Textiles has submitted primer papers with SEBI to raise 800 crores through a first IPO (Initial public offering). 
The public issue is a mix of a new issue of value shares collecting up to 500 crore and an OFS – offer for sale value of up to 300 crore by developers and the entities of developers, as per the DRHP.
The organization might consider a Initial public offering situation of value shares collecting up to 100 crore. On the off chance that such situation is embraced, the size of the new issue will be diminished. 
Dam Capital Advisors Ltd and ICICI securities Ltd are the book-running lead chiefs to the issue. The value shares are proposed to be recorded on BSE and NSE.
Among the key challenges connected with the issue, the DRHP makes reference to that this being the main public issue of the value portions of the firm and there has been no proper market for the offers. The floor cost, cap cost and the proposition not entirely settled by the organization, in conference with the BRLMs, based on the evaluation of market interest for the offers via the book building process, ought not be taken to be demonstrative of the market cost of shares. No affirmation can be given in regards to a functioning or supported exchanging the value shares or with respect to the cost at which the offers will exchanged after list, as per the DRHP. Sanathan Textiles works three exceptional yarn business divisions – polyester yarns, cotton yarns & yarns – for specialized textiles and industrial applications.