SD International Files Preliminary IPO Papers With SEBI
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SD International has filed IPO papers with SEBI, proposing a fresh share issue and OFS to fund debt repayment, machinery purchases and corporate requirements.
Food packaging solutions provider SD International Ltd has filed preliminary papers with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO).
The proposed issue comprises a fresh issue of up to 1.30 crore equity shares and an offer-for-sale (OFS) of up to 35 lakh shares by a promoter. The total issue size could therefore comprise up to 1.65 crore equity shares, according to the draft red herring prospectus (DRHP) filed with the market regulator on Monday.
The company plans to use proceeds from the fresh issue for debt repayment, the purchase of equipment and machinery, and general corporate purposes.
The SD International IPO will provide the Gorakhpur-based company with funds for balance-sheet requirements and operational purposes as it prepares to enter the public markets.
Funds To Support Debt Repayment And Capacity Needs
The fresh capital is earmarked for three broad purposes:
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Repayment of outstanding debt
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Purchase of equipment and machinery
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General corporate requirements
Both balance-sheet requirements and operational needs are covered by the proposed use of funds.
Company Manufactures Rigid And Semi-Rigid Food Packaging
Based in Gorakhpur, Uttar Pradesh, SD International makes semi-rigid and rigid food packaging products.
Its packaging solutions cater to several end-use segments:
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Takeaway and food-service establishments
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Dairy products
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Sweets and confectionery
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Bakery products
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Branded food products
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Agro-based produce
The company operates in food packaging, supplying products used across different food and related consumption categories.
After the IPO, its equity shares are proposed to be listed on both the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE).
Also Read - Dividend Record Date: 23 September Is Last Day To Buy These Shares
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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