Silverton Industries IPO
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Silverton Industries IPO details
About Silverton Industries
Silverton Industries is a manufacturer of eco-friendly speciality paper and packaging solutions based in Muzaffarnagar, Uttar Pradesh. The company operates from a 251,502 square meter facility with an installed production capacity of 270,000 MT per annum.
The company’s product portfolio includes writing and printing paper, kraft paper, cupstock paper, and specialized grade papers, serving retail, corporate, FMCG, food & beverage packaging, pharmaceutical, and e-commerce sectors. With three decades of industry experience, Silverton has manufactured over 265 active varieties of paper products.
Silverton serves customers across 22 states in India through approximately 191 dealers, with additional export operations to Australia, UAE, Spain, France, and Sweden.
Financials of Silverton Industries
Issue size
| Funds Raised in the IPO | Amount |
| Overall | – |
| Fresh Issue | ₹300 crores |
| Offer for sale | – |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Funding capital expenditure for installation of (a) Captive Power Plant and (b) CBG Plant | 177.51 (59.17%) |
| Funding capital expenditure requirements for (a) enhancement of rewinder and sheeter capacity; and (b) construction of in-house warehouses. | 34.64 (11.55%) |
| Repayment and/or pre-payment of borrowings | 72.00 (24.00%) |
| General Corporate Purposes | – |
Strengths
- The company has a diverse paper portfolio serving multiple industries reduces dependency risk.
- Robust dealer network ensures widespread market reach and repeat business.
- Strategically located, automated facility enables scalability, efficiency, and timely delivery.
- Sustainable manufacturing powered by waste-to-energy and recycled raw materials.
- Experienced promoters with strong industry expertise.
- Strong revenue and profit growth with industry-leading return ratios.
Risks
- Heavy reliance on writing paper poses digitization-linked risk.
- Overdependence on North India heightens regional concentration risk.
- Heavy reliance on dealers and top customers poses revenue concentration risk.
- High dependence on top suppliers without long-term contracts may disrupt operations.
- Single-site manufacturing exposes the company to operational disruptions and under-utilization risks.
- Exposure to end-use industry cycles may impact demand and profitability.
- Non-compliance with EHS norms may lead to penalties, litigation, or shutdowns.
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