Sathya Agencies has received approval from the Securities and Exchange Board of India (SEBI) to launch 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. The OFS includes equity shares worth ₹100 crore each by promoters Johnson Asaria, J. John Sathya and Charles Packiaraj.
The company plans to utilise the net proceeds from the fresh issue towards repayment or prepayment of certain borrowings, payment of part of the purchase consideration for the acquisition of its subsidiary, Unilet Appliances Private Limited, and general corporate purposes.
Sathya Agencies is a consumer durables and electronics retailer operating across multiple product categories, including air conditioners, televisions, washing machines, smartphones, IT products and small kitchen appliances.
As of January 31, 2026, the company and its subsidiaries operated 427 retail stores, comprising 392 consumer electronics stores and 35 mobile retail stores, across Tamil Nadu, Andhra Pradesh, Kerala, Karnataka and Puducherry, with an aggregate retail footprint of approximately 1.90 million sq. ft.
The retailer also has commercial relationships with more than 150 domestic and international original equipment manufacturers (OEMs) and authorised distributors, including LG, Sony, Daikin, Whirlpool and Panasonic.
