SSF Plastics Files Draft Papers for Rs 550-Crore IPO
SSF Plastics India Ltd has taken a significant step towards going public by filing preliminary papers with the Securities and Exchange Board of India (SEBI) to raise Rs 550 crore through an initial public offering (IPO).
The proposed 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. Currently, the promoters and promoter group entities hold a 100% stake in the company.
SSF Plastics is a leading packaging solutions provider, offering end-to-end services across various product segments, including bottles, containers, caps, closures, and engineering plastic components. The company caters to a diverse range of industries, such as personal care, home care, food and beverages, and pharmaceuticals.
In terms of financial performance, SSF Plastics reported a profit of Rs 15.19 crore and revenue from operations of Rs 397.41 crore for the six months ended September 2024.
IIFL Capital Services Ltd and Nuvama Wealth Management Ltd have been appointed as the book-running lead managers for the issue. The IPO is expected to be listed on the BSE and NSE platforms.
