365Telugu.comonline news,march 23,2025: SSF Plastics India Ltd has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) worth ₹550 crore.
The IPO structure includes a fresh issue of equity shares amounting to ₹300 crore and an offer for sale (OFS) of ₹250 crore by the company’s promoters and promoter group entities. Currently, these entities hold a full 100% stake in SSF Plastics.
The capital raised from the fresh issue will be allocated for debt repayment, funding capital expenditure for purchasing plant and machinery, and general corporate purposes.
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SSF Plastics is a comprehensive packaging solutions provider, delivering end-to-end services from design to final product across various segments, including bottles, containers, caps, closures, tubs, and engineering plastic components.
The company serves multiple industries such as personal care, home care, food & beverages, consumer electronics, pharmaceuticals, and automotive lubricants.
Financially, SSF Plastics reported a net profit of ₹15.19 crore and revenue of ₹397.41 crore for the six-month period ending September 2024.
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IIFL Capital Services Ltd and Nuvama Wealth Management Ltd are acting as the book-running lead managers for the IPO.