22
Mar
Chandigarh: SSF Plastics India Ltd has filed preliminary papers with capital markets regulator SEBI to raise Rs 550 crore through an initial public offering (IPO). The proposed #IPOSSFPlastics #SSFPlasticsIPO IPO comprises a fresh issue of equity shares worth Rs 300 crore and an offer for sale (OFS) of Rs 250 crore by promoters and promoter group entities, according to the draft red herring prospectus (DRHP) filed on Thursday. At present, promoters and promoter group entities hold 100 per cent stake in the company. Proceeds from the fresh issue will be utilised for payment of debt, funding capital expenditure requirements for purchase…
