<h1>IPO launch to fund capacity expansion and debt repayment, reducing promoters' stake and supporting product growth.</h1> An initial public offering (IPO) is being launched to fund a staged capital expansion that doubles plant capacity and to repay or pre pay specified borrowings, with a fresh issue and an offer for sale that will dilute promoters' stake. The IPO sets a price band and minimum bid lot, and a principal portion of fresh proceeds is allocated to debt repayment. The expansion, funded by debt and internal accruals, qualifies for a state interest subsidy and aims to stabilize leverage and accelerate repayment once additional capacity becomes operational.