Sillverton Industries' Green IPO: Pioneering Eco-Friendly Paper Solutions
Eco-friendly paper producer Sillverton Industries has filed for an IPO worth Rs 300 crore, with funds allocated to sustainability and expansion efforts. The company's focus on sustainable paper products aligns with global trends towards eco-friendly packaging. Pantomath Capital Advisors will manage the public issue.
- Country:
- India
Sillverton Industries, an eco-friendly paper manufacturer, has officially filed draft papers with the Securities and Exchange Board of India (SEBI) to raise capital through an Initial Public Offering (IPO).
The IPO will consist of a fresh issuance of shares valued at Rs 300 crore, alongside a promoter-led offer-for-sale of 3.22 crore equity shares, details the Draft Red Herring Prospectus (DRHP) submitted this Friday.
The capital raised from the fresh issue will primarily finance sustainability projects at Sillverton's manufacturing facilities, including a new waste-to-energy power plant. Additional investments will enhance production capabilities and reduce corporate debt.
(With inputs from agencies.)
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