Sillverton Industries has filed DRHP with Sebi, seeking to raise INR 300 crore through IPO. The funds are planned to be utilized for capital expenditure for sustainability initiatives, to enhance the rewinder and sheeter capacity and to construct in-house warehouses and payment for debt.
Jun 30, 2025
Sillverton Industries has filed Draft Red Herring Prospectus(DRHP) with Sebi seeking its approval to raise funds via an initial public offering (IPO). The proposed IPO includes fresh issuance of shares worth INR 300 crore and an offer-for-sale of 3.22 crore equity shares by promoters, according to the draft red herring prospectus (DRHP) filed.
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The company plans to utilize INR 129.4 crore for capital expenditure for sustainability initiatives at the existing manufacturing facility, such as the installation of a 14 MW waste-to-energy captive power plant and a compressed bio gas plant.
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Additionally, INR 25.25 crore will be used to enhance the rewinder and sheeter capacity and to construct in-house warehouses at the existing facility, and INR 72 crore for the payment of debt and the remaining funds for general corporate purposes.
