<h1>Initial public offering set with combined fresh issue and offer for sale, allocation focused on capex and working capital.</h1> The company has set an IPO price band for an SME public issue combining a fresh issue of equity and an offer for sale by promoters, with listing planned on an SME trading platform; promoters will retain a substantial majority stake and a sole book-running lead manager has been appointed. Proceeds from the fresh issue are allocated to warehouse and sales office construction, purchase of fabric processing equipment, working capital needs, and residual corporate and issue expenses.