APPL Containers has secured Securities and Exchange Board of India’s (SEBI's) approval to raise funds through initial public offering (IPO). The IPO comprises a fresh issue of 12.5 lakh shares and an OFS of 25.60 lakh shares by promoters.
The company proposes to utilise the net proceeds from the fresh issue to fund its incremental working capital requirements, pre-payment or re-payment of debt and general corporate purposes. The shares of the company are proposed to be listed on the BSE and the NSE.
Appl Containers is engaged in container manufacturing. In FY26, the company has also entered into container leasing services to meet the diverse requirements of its clients.
