URL copied to clipboard

Trending News

Upcoming IPOs: SEBI Clears Sanathan Textiles and Rubicon Research – Get All The Details!

Upcoming IPO: SEBI approves IPOs for Sanathan Textiles and Rubicon Research, enabling both companies to raise growth funds—Sanathan in yarn production and Rubicon in pharmaceutical R&D
Upcoming IPOs: SEBI Clears Sanathan Textiles and Rubicon Research - Get All The Details!

Upcoming IPO: The Securities and Exchange Board of India (SEBI) has given final approval for the initial public offerings (IPOs) of Sanathan Textiles Ltd and Rubicon Research Ltd. Both companies aim to raise funds for growth in their respective sectors. Sanathan Textiles specialises in diverse yarn production, while Rubicon Research focuses on pharmaceutical R&D.

Alice Blue Image

Sanathan Textiles: Diverse Yarn Production

Sanathan Textiles operates across various segments, including polyester, cotton, and technical textiles, making it one of the few Indian companies with such broad capabilities. The company’s three divisions manufacture polyester, cotton, and specialty yarns for industrial and technical applications, all managed under a single corporate structure. By June 30, 2024, Sanathan Textiles had developed over 2,800 active yarn varieties and managed more than 30,000 SKUs (stock-keeping units).

Also Read: Sagility India IPO Review

Sanathan Textiles IPO Details

The Sanathan Textiles IPO will issue fresh equity shares worth up to ₹500 crore, alongside an offer for sale (OFS) valued at ₹300 crore by its Promoters and Promoter Group. The funds from the fresh issue will be used for debt repayment (₹160 crore) and to support Sanathan Polycot Private Limited’s long-term working capital needs (₹215 crore). Dam Capital Advisors Ltd and ICICI Securities Ltd are the book-running lead managers, with KFin Technologies Ltd as the registrar. The shares will be listed on both the BSE and NSE.

Rubicon Research: Pharmaceutical Innovation

Rubicon Research, a key player in pharmaceutical research and development, focuses on creating innovative pharmaceutical products. The company’s IPO will include a fresh equity issuance of ₹500 crore and an OFS of ₹585 crore by its promoter, General Atlantic Singapore RR Pte Limited, which currently owns over 57% of the company.

Also Read: Sagility India Ltd IPO Day 1 Sees Strong Start with 0.22x, Read More!

Rubicon Research IPO Details

Rubicon plans to allocate ₹310 crore from the fresh issue towards debt repayment, with additional funds earmarked for strategic acquisitions and other corporate purposes. Axis Capital, IIFL Securities, JM Financial, and SBI Capital Markets are the book-running lead managers for Rubicon’s IPO.

Alice Blue Image

Strategic Goals and Industry Impact

Both Sanathan Textiles and Rubicon Research are leveraging their IPOs to achieve strategic growth. Sanathan aims to strengthen its market position within the textile sector, while Rubicon is focused on expanding its footprint in the pharmaceutical space through targeted acquisitions and debt reduction.

Loading
Submit the form, and get to know how you scored!!!
Read More News
भारत के राष्ट्रपति ने Q2 में 2 स्टॉक्स में अपनी हिस्सेदारी घटाई; अभी अपना पोर्टफोलियो चेक करें!

2 स्टॉक्स जिन में भारत के राष्ट्रपति ने Q2 में अपनी हिस्सेदारी घटाई, क्या इनमें से कोई स्टॉक है आपके पास?

भारत के राष्ट्रपति ने Q2 FY24 में दो प्रमुख कंपनियों में अपनी हिस्सेदारी घटाई, जो निवेश रणनीतियों में संभावित

वैंगार्ड फंड ने कई कंपनियों में हिस्सेदारी खरीदी, जो फैशन, हेल्थकेयर और अन्य क्षेत्रों पर ध्यान केंद्रित कर रहा है।

वैंगार्ड फंड ने जिन स्टॉक्स में नई हिस्सेदारी खरीदी, जो ध्यान देने योग्य हैं।

वैंगार्ड फंड, एक विश्व प्रसिद्ध निवेश प्रबंधन कंपनी, दीर्घकालिक विकास के लिए कम-लागत वाले और विविध पोर्टफोलियो पर जोर देती