• IPO details: The company is raising ₹439 crore with a price band of ₹161 to ₹170, comprising a ₹380 crore fresh issue and a ₹60 crore offer for sale, implying a market capitalization of ₹2,080 crore.
• Geographic revenue mix: Exports account for 55% to 56% of revenue across 71 countries, with the US alone contributing 23% to 24%. Key customers include global and domestic brands such as Cargill, Mars, India Gate, and Daawat.
• Capacity expansion: Proceeds from the ₹380 crore fresh issue will be used to expand manufacturing capacity from 42,000 metric tons (26,000 owned, 15,000–16,000 rented) to 69,000–70,000 metric tons near Ahmedabad by October 2027.
• International operations: The company commenced operations at a joint venture plant in Mexico on April 1 to produce specialized pinch-bottom bags using raw materials supplied from India, alongside operating a subsidiary in South Africa.