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Neutral impactCorporate Action

Sitaram Denims India files IPO papers with Sebi

Economic Times 17 min ago·5 Nov 2026, 7:02 am

Sitaram Denims India Ltd plans to launch an initial public offering with two components. The IPO includes a fresh issue of equity shares and an offer for sale by promoters. Proceeds from the fresh issue will be used for various purposes including repayment of borrowings and working capital requirements. The company aims to set up a new garment manufacturing facility in Bhilwara to expand capacity.