07 Jan 2025


Trilegal advised on the initial public offering of equity shares by Sanathan Textiles Limited (“Sanathan Textiles”) aggregating to INR 5.50 billion.
Sanathan Textiles is a yarn manufacturer, and has presence across the polyester, cotton and technical textile sectors.
The proceeds of the IPO are proposed to be used for repayment and/ or pre-payment of certain borrowings and general corporate purposes. The equity shares were listed on the bourses and saw a ~31% listing premium.
Trilegal represented the syndicate of book running lead managers, which comprised DAM Capital Advisors Limited and ICICI Securities Limited.
The Capital Markets team advising on the matter was led by our Partner Richa Choudhary, and comprised Avanti Kale, Counsel; Sanya Chaudhari, Senior Associate; Siddhant Mishra and Kartikeya Anshu, Associates.
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Trilegal is one of India’s leading law firms, with expertise across the full spectrum of corporate legal services. Trilegal has offices in four key cities of India.
Trilegal has been recognised as M&A Firm of the Year by IFLR Asia-Pacific 2024; Best Overall Law Firms by India Business Law Journal (IBLJ) 2024; Innovative Lawyers Asia-Pacific by Financial Times (FT) 2024; Law Firm of the Year by Deal Volume by VCCircle Awards 2024; India Deal Firm of the Year by Asian Legal Business (ALB) India Law Awards 2023; Best Law Firms to Work by Vahura 2022; Firm of the year for Client Service Excellence by Asia Law Awards 2021.
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