<h1>Textile Firm Launches Rs 171-180 Price Band IPO to Raise Rs 70 Crore for Expansion and Growth</h1> A textile printing company announced its initial public offering (IPO) with a price band set between Rs 171 and Rs 180 per share, aiming to raise approximately Rs 70 crore. The SME IPO will open on July 29 and close on July 31, with shares to be listed on a national stock exchange platform. The issue comprises a fresh issuance of nearly 32 lakh equity shares and an offer for sale of about 6.79 lakh shares by the promoters. Post-IPO, promoters will retain a 73.61% stake, while the public will hold 26.39%. Proceeds from the fresh issue will fund capital expenditures including warehouse and sales office construction, purchase of advanced fabric processing equipment, working capital, and general corporate purposes. The company specializes in diverse fabric manufacturing and reported revenue of Rs 152.79 crore and net profit of Rs 16.90 crore for the fiscal year 2025.