Sitaram Denims India IPO (DRHP filed)
Sitaram Denims India Limited filed its draft red herring prospectus with SEBI on 3 Nov 2026. Price band, lot size and issue dates are announced only after SEBI observations and the RHP filing.
Last updated
- Stage
- DRHP Filed
- DRHP filed
- 3 Nov 2026
- Days since
- 0
- Issue size
- —
- Board
- Mainboard
- Price band
- TBA
Sitaram Denims India IPO status
Sitaram Denims India Limited filed its draft red herring prospectus (DRHP) with SEBI on . The issue can open only after SEBI issues its observations and the company files the RHP with the price band.
| DRHP filed | 3 Nov 2026 |
|---|---|
| Days since filing | 0 |
| SEBI observation | Awaited |
| Price band | TBA |
| Issue dates | TBA |
Share reservation by category
| Category | Shares Details |
|---|---|
| Qualified Institutions | Not More Than 50% of the Net Issue |
| Retail Investors | Not Less Than 35% of the Net Issue |
| Non-Institutional | Not Less Than 15% of the Net Issue |
Sitaram Denims India Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹210 Cr to ₹243.9 Cr, and profit after tax rose from ₹15.94 Cr to ₹24.23 Cr. The PAT margin for 31 Mar 2026 was 9.93%.
| 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 |
| Reserve & Surplus | 79.27 | 71.29 | 68.08 | 52.13 |
| Total Borrowings | 245.92 | 227.27 | 194.15 | 153.29 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| ROE % | 6.82 | 23.97 | 19.65 | 7.42 |
| ROCE % | 3.93 | 12.82 | 12.61 | 4.74 |
| Debt / Equity | 2.03 | 2.01 | 2.18 | 2.10 |
| RoNW % | 6.82 | 23.97 | 19.65 | 7.42 |
| Pat Margin % | 10.62 | 9.99 | 7.63 | 4.69 |
Peer comparison
| Company | Face value | P/E | EPS (basic) | EPS (diluted) | RoNW | NAV |
|---|---|---|---|---|---|---|
| Sitaram Denims India Ltd | 5 | — | 2.88 | 2.88 | 23.97% | 13.45 |
| Borana Weaves Ltd | 10 | 12.52 | 24.35 | 24.35 | 35.01% | 105.68 |
| Sonaselectio n India Ltd | 10 | 12.43 | 8.09 | 8.09 | 39.05% | 24.78 |
| Swaraj Suiting Ltd | 10 | 15.25 | 23.99 | 23.44 | 21.35% | 151.25 |
| Gokaldas Exports Ltd | 5 | 58.74 | 13.71 | 13.11 | 4.72% | 282.86 |
Notes
P/E Ratio has been computed based on the closing market price of equity shares as on October 14, 2026 divided by the Diluted EPS for the year ended March 31, 2026.
Return on Net Worth (%) = Profit for the year attributable to owners of the company divided by Average Net Worth. Average Net Worth is calculated as the average of the Net Worth at the end of relevant period/year and beginning of the relevant period/year.
Net Asset Value per share (in ₹) = Net worth at the end of the year/period divided by weighted average number of Equity Shares. Weighted average number of Equity Shares represents the shares used for computing Diluted EPS.
From the prospectus. P/E is shown as — when earnings are zero or negative, or not reported for the issuer before listing.
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment or prepayment of all or a portion of certain outstanding borrowings availed by our 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 | 0.00 |
| Total | 104.6 |
About Sitaram Denims India Limited
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 and textile industry. The Company offers a diversified product portfolio comprising cotton-spandex, rigid cotton, denim, polyester-viscose (PV) and other blended fabrics. Its products are supplied in both grey and finished fabric forms, with dyeing and finishing processes outsourced to third-party processing units. In addition to fabric manufacturing, the Company provides job-work weaving and sizing services and is also engaged in the sale of sized yarn.
The Company operates an integrated manufacturing facility at Bhilwara, Rajasthan, equipped with sizing and weaving infrastructure, automated preparatory machinery and shuttleless airjet looms. Its manufacturing capabilities are further supported by dedicated weaving infrastructure available through Sitaram India Limited under an exclusive job-work arrangement, providing access to Sulzer and rapier weaving technologies. This manufacturing arrangement offers operational flexibility and enables the Company to produce a wide range of fabric constructions in accordance with customer-specific requirements.
The Company primarily operates under a business-to-business (B2B) model, supplying textile and apparel manufacturers, wholesalers and other industry participants. While its business is predominantly focused on the domestic market, it also caters to international customers through direct exports and merchant exporters. Its operations are supported by an established supplier network, quality control systems and its strategic presence in Bhilwara, an established textile manufacturing hub.
As of September 30, 2026, the Company employed 415 permanent employees across various functions, including management, production, operations, maintenance, quality control, sales and marketing, and administrative support.
Promoters
Anil Kumar Nuwal
Madhu Sudan Nuwal
Jugal Kishore Nuwal
Sitaram India Limited
Contact details
Sitaram Denims India Ltd.
F-226,227, G-228, 229
IV Phase RIICO Industrial Area
Bhilwara, Rajasthan, 311001
Telephone: +91 70233 66448
E-mail: cs@sitaramdenims.com
Website: http://www.sitaramdenims.com/
Sitaram Denims India IPO FAQs
- Has Sitaram Denims India IPO filed for an IPO?
- Sitaram Denims India Limited filed its draft red herring prospectus (DRHP) with SEBI on 3 Nov 2026.
- When will the Sitaram Denims India IPO open?
- Issue dates are announced after SEBI observations and the RHP filing. They are not available yet.
- What is the Sitaram Denims India IPO price band?
- The price band is announced a few days before the issue opens. It is not available yet.
Details are from the draft prospectus and can change in the final RHP. This is not investment advice.