The proposed IPO comprises a fresh issue of equity shares aggregating up to Rs 300 crore and an offer for sale (OFS) of equity shares worth Rs 300 crore by the promoter group
Consumer durables and electronics retailer Sathya Agencies has secured the approval from the Securities and Exchange Board of India (Sebi) to bring its Rs 600 crore initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares aggregating up to Rs 300 crore and an offer for sale (OFS) of equity shares worth Rs 300 crore by the promoter group.
As per the Draft Red Herring Prospectus (DRHP), the OFS includes equity shares worth Rs 100 crore each by promoters Johnson Asaria, J John Sathya and Charles Packiaraj. The company said it will utilise the net proceeds from the fresh issue towards the repayment or prepayment of certain outstanding borrowings in full or part.
The company will use the proceeds for the payment of partial purchase consideration for the acquisition of its wholly-owned subsidiary, Unilet Appliances and general corporate purposes. The company offers a comprehensive portfolio of consumer durables and electronics across multiple price points.
As of 31 January 2026, the company operated a total of 427 stores across four states, namely Tamil Nadu, Andhra Pradesh, Kerala and Karnataka and the union territory of Puducherry. These include the consumer electronics retail stores as well as stores operated through its subsidiaries, Unilet and Sathya Mobiles.
As of 31 January 2026, Unilet operated 54 stores in Karnataka, while Sathya Mobiles operates 35 mobile retail stores, primarily focused on the sale of mobile phones and related accessories across Tamil Nadu.
Our revenue from operations increased from Rs 1,897 crore for fiscal 2023 to Rs 3,496 crore for fiscal 2025 representing a compound annual growth rate (CAGR) of 35.77 per cent and further increased to Rs 1,996 crore for the six months ended 30 September 2025. The Ebitda increased from Rs 89.8 crore for fiscal 2023 to Rs 222 crore for fiscal 2025.
