Sitaram Denims India files IPO papers with Sebi

What happened: Sitaram Denims India Ltd has filed draft papers with Sebi for an initial public offering combining a fresh issue of equity shares and an offer for sale by promoters. Why it matters: Fresh issue proceeds are earmarked for repayment of borrowings, working capital, and a new garment manufacturing facility in Bhilwara to expand capacity.

Sitaram Denims India Ltd has filed draft papers with Sebi for an initial public offering combining a fresh issue of equity shares and an offer for sale by promoters.

Fresh issue proceeds are earmarked for repayment of borrowings, working capital, and a new garment manufacturing facility in Bhilwara to expand capacity.