Sillverton Industries IPO: Silverton Industries, a company making paper products from Uttar Pradesh, is bringing its IPO. With the help of the money collected, the company will expand and reduce the debt burden. The draft capital market for IPO has been deposited near the regulator SEBI. The company makes eco-friendly i.e. environmentally friendly specialty paper and paper products.
According to draft red hering prospectus, new equity shares worth Rs 300 crore will be issued in Sillverton Industries IPO. Also, the offer for sale (ofS) will be offered for 3.22 crore equity shares from the company’s promoter Jain family. Pantometry Capital Advisors are the only book-hanging lead manager for IPO.
Financial health of the company
In FY 2023-24, the profit of Sillverton Industries increased by 30 percent to Rs 88.6 crore. Revenue was recorded at Rs 879.6 crore with an increase of 1.6 percent. During April-December 2024, the company’s profit was Rs 82.4 crore and revenue was Rs 745.16 crore.
How will the money of Sillverton Industries IPO be used
Out of the money raised by issuing new shares in the IPO, the company will use Rs 129.4 crore to set up a 14 MW West-to-Energy Capstic Power Plant and a compressed bio gas plant. 25.2 crore rupees will be spent on increasing rewinders and sheer capacity and making in-house warehouses. The loan will be reduced with the help of Rs 72 crore. According to Silverton Industries, by 20 June 2025, the outstanding borrowing on the company was Rs 274.3 crore.
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