SSF Plastics India IPO: Maharashtra primarily based plastic packaging product maker SSF Plastics India has deliberate to boost Rs 550 crore by way of IPO. For this, the corporate has filed draft papers close to SEBI. New fairness shares price Rs 300 crore will probably be issued in IPO. Additionally, there will probably be a proposal on the market of Rs 250 crore from the promoters. The corporate can also be contemplating elevating funds of as much as Rs 60 crore within the pre-IPO spherical. In accordance with the draft papers filed on March 20, if this pre-iPO placement is efficiently shut, then the identical quantity will probably be lowered by the difficulty of latest shares in the identical quantity. SSF Plastics India presents providers starting from design to supply in main product segments akin to bottles and containers, caps/closures and tubs, and engineering plastic parts. The corporate covers many industries akin to private care, homecare, meals and drinks, client electronics, engine oils and lubricants, and prescribed drugs. Clients have 15 manufacturing amenities in India. The corporate has elevated its buyer base to 347 clients within the first half of the present monetary yr 2024-25. In FY 2022, the determine was 246. Hindustan is the most important buyer of Unilever Firm, adopted by Wipro, Dabur, Hindustan Meals, Emami, Himalaya Wellness, Colgate, RSH World, Savita Oil and Alchem Laborators. Corporations of the corporate embrace firms like mold-tech packaging, time expertise and magnificence engineering plastic. IPO: For the difficulty of ₹ 15000 crore, 10 Funding Financial institution Finals can file with a confidantial route. The corporate had a debt of Rs 400.3 crore by the tip of December 2024. As well as, Rs 80 crore will probably be spent for the acquisition of plant and equipment and the remaining cash for regular company functions. SSF Plastics India’s revenue in FY 2023-24 fell by 5.1 % to Rs 46.1 crore. Income elevated by 5.4 % to Rs 630.9 crore. Within the first half of FY 2024-25, the revenue was Rs 15.2 crore and the income was Rs 397.4 crore. IIFL Capital Companies and Nuwama Wealth Administration have been appointed because the e book working lead supervisor for the corporate’s public challenge.
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