Sillverton Industries files IPO papers to raise funds for capex, debt reduction

 

The IPO will comprise a fresh issuance of equity shares worth Rs 300 crore and an offer-for-sale (OFS) of 3.22 crore equity shares by the promoter, the Jain family.

The company that manufactures eco-friendly specialty paper and paper products will spend Rs 129.4 crore out of fresh issue proceeds for the installation of 14MW waste-to-energy captive power plant and a compressed bio gas plant. Further, Rs 25.2 crore will be utilised for the enhancement of rewinder and sheeter capacity, and the construction of in-house warehouses.

It will also reduce debt by Rs 72 crore through fresh issue proceeds. "As on June 20, 2025, the outstanding borrowings amounted to Rs 274.3 crore," Sillverton Industries said.