<h1>Packaged Food Company Gets IPO Approval for Rs 130 Crore Fresh Issue and 12.44 Million Share Sale</h1> A Kolkata-based packaged food company received SEBI approval for its IPO. The offering includes a fresh issue of equity shares worth Rs 130 crore and an offer-for-sale of 12.44 million shares by promoters and investors. A potential pre-IPO placement of Rs 26 crore may reduce the fresh issue size. Proceeds will repay Rs 50 crore in borrowings, fund a new manufacturing unit in Darjeeling, and support corporate purposes. Founded in 1936, the company offers 42 products across food categories with distribution to over 70,000 retail outlets. It operates seven manufacturing facilities across three states and reported Rs 26.99 crore profit for FY24.