DOMS Industries Completes Additional 6.5% Stake Acquisition...
31 Mar 2026
Sathya Agencies, a Tamil Nadu-based consumer durables and electronics retailer, has filed its Draft Red Herring Prospectus (DRHP) with the SEBI to raise up to ₹600 crore through an Initial Public Offering (IPO).
The offer includes a fresh issue of up to ₹300 crore and an offer for sale of up to ₹300 crore by the promoter selling shareholders Johnson Asaria, J John Sathya, and Charles Packiaraj.
The proceeds from the fresh issue will be used towards partial payment for the proposed acquisition of Unilet Appliances (₹175 crore), the repayment or prepayment of outstanding borrowings (₹35 crore) and the balance for general corporate purposes.
Sathya Agencies offers a portfolio of consumer electronics and home appliances with a product range that includes large appliances like air-conditioners and washing machines, mobile products and accessories and kitchen appliances such as water heaters, mixers, grinders and gas stoves.
It posted revenues from operations of ₹3,496 crore for the financial year ending March 2025, while profit after tax stood at ₹46 crore.
As at January 31, 2026, the company operates 392 consumer electronics retail stores and 35 mobile retail stores across four states namely Tamil Nadu, Andhra Pradesh, Kerala and Karnataka, and one Union Territory of Puducherry. It has commercial relationships with electronics and appliance brands such as LG, Blue Star, Daikin, Whirlpool and Haier.
The company has picked Anand Rathi Advisors Limited and Motilal Oswal Investment Advisors Limited are the Book Running Lead Managers to the Offer.
Published on March 31, 2026
