Sillverton Industries Eyes Funds for Sustainability with Eco-Friendly IPO
Sillverton Industries, an eco-friendly paper manufacturer, plans to raise funds through an IPO. The company aims to use the proceeds for sustainability initiatives, facility enhancements, and debt repayment. The rising demand for sustainable packaging solutions is contributing to the growth of the global paper industry.

- Country:
- India
Sillverton Industries, a pioneer in eco-friendly paper manufacturing, has filed draft documents with Sebi seeking approval to raise funds through an IPO. The offering comprises a fresh issuance of shares worth Rs 300 crore and an offer-for-sale of 3.22 crore equity shares by the promoters and promoter group.
The funds raised will significantly boost Sillverton's sustainability initiatives, including the installation of a 14 MW waste-to-energy power plant and a compressed bio gas plant. Additionally, Rs 25.25 crore will enhance manufacturing capabilities and storage facilities, with Rs 72 crore allocated for debt repayment and remaining funds for general corporate needs.
The company's financial performance has been robust with a reported income of Rs 752.45 crore and a profit of Rs 82.44 crore for the nine-month period ending December 31, 2024. Pantomath Capital Advisors is the appointed lead manager for the public issue.
(With inputs from agencies.)
ALSO READ
Pedal for Tomorrow: A Cyclothon Celebrating Sustainability and Family Ties
Colt DCS Unveils 2024 Sustainability Milestones: A Leap Towards Greener Data Centers
Revitalizing the Ganga: A Collaborative Path to Sustainability
Deficit irrigation with treated wastewater improves crop quality and sustainability in semiarid farming
IFC Backs Kyrgyz Republic’s First Sustainability Bonds to Spur Green, Social Growth