S D International has filed draft papers with SEBI to raise funds through an initial public offering (IPO). According to the draft red herring prospectus (DRHP) filed on Monday, the proposed IPO comprises a fresh issue of up to 1.30 crore equity shares and an offer for sale (OFS) of up to 35 lakh equity shares by promoter selling shareholders. Under the OFS, promoters will partially offload their shares, with the total offer size reaching up to 1.65 crore shares. The Gorakhpur-based food packaging company plans to use the IPO proceeds for debt payment, equipment purchase, and general corporate purposes. The company's shares will be listed on both NSE and BSE exchanges, providing dual market access for investors.
S D International is a Gorakhpur-based company engaged in manufacturing semi-rigid and rigid food packaging products. As reported by Rediff Moneynews, the company's products serve various end-use segments including takeaway and food-service establishments, dairy, sweets and confectionery, bakery, branded food products and agro-based produce. The company's shares will be listed on both NSE and BSE exchanges, providing dual market access for investors.
Valmiki Leela Capital has been appointed as the sole book running lead manager to the issue, while KFIN Technologies has been designated as the registrar for the IPO process. These appointments ensure proper oversight and execution of the public offering, with the company maintaining a professional advisory structure for the fundraising process.
