<h1>FMCG firm sets IPO price band Rs306-322 seeking Rs408cr; issue opens Sept 22-24, proceeds for debt, Darjeeling plant</h1> A city-based FMCG firm has set an IPO price band of Rs 306-322 per share for an issue targeting Rs 408 crore through a Rs 130 crore fresh issue and an offer for sale of 8,658,333 shares; the public issue opens Sept 22-24 with anchor bidding from Sept 19. Proceeds from the fresh issue will partly repay/prepay Rs 60 crore of borrowings, fund a roasted gram-flour manufacturing unit in Darjeeling (Rs 45 crore), and cover general corporate purposes. The issuer is a leading regional player in packaged wheat-based products and related derivatives, holding substantial market shares in FY25.