Gaudium IVF, Sillverton Ind among 7 IPOs approved by Sebi
Capital markets regulator Sebi cleared seven IPOs, paving the way for fundraising plans across manufacturing, chemicals, logistics, healthcare, real estate, engineering and precious metals.
One of the companies to receive approval is Sillverton Industries, an eco-friendly paper maker. The company's IPO includes a fresh issue of Rs 300 crore with an offer for sale of 3.22 crore shares by promoters. The company plans to deploy Rs 129 crore from the fresh issue towards sustainability-focused capital expenditure at its existing manufacturing facility, including installation of a 14 MW waste-to-energy captive power plant and a compressed biogas unit. The balance will be used for general corporate purposes.
One of the companies to receive approval is Sillverton Industries, an eco-friendly paper maker. The company's IPO includes a fresh issue of Rs 300 crore with an offer for sale of 3.22 crore shares by promoters. The company plans to deploy Rs 129 crore from the fresh issue towards sustainability-focused capital expenditure at its existing manufacturing facility, including installation of a 14 MW waste-to-energy captive power plant and a compressed biogas unit. The balance will be used for general corporate purposes.
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