Sree Sakthi to raise Rs 25 cr from IPO

Sree Sakthi Paper Mills Ltd today said they were entering the capital markets with an IPO of Rs 25 crore for funding its expansion plans and setting up a co-generation power plant.

"The company is coming out with this issue mainly to fund our plans for expansion of the capacity from 140 tpd to 240 tpd and also set up a 2-mw co-generation power plant with an investment of Rs 26.55 crore," company managing director S Rajkumar said here.