New IPO Alert: Advanta Enterprises files DRHP with SEBI to raise funds via public offer

New IPO Alert: Agricultural solutions company Advanta Enterprises Ltd has filed draft red herring prospectus (DRHP) with capital markets regulator Securities and Exchange Board of India (SEBI) to raise funds via an initial public offering (IPO).

According to the preliminary papers filed on January 19, the proposed initial share sale will be solely an offer-for-sale (OFS) of 3.61 crore shares. There will be no fresh issuance of shares.

Under the OFS route, promoter UPL Limited and investors Melwood Holdings II Pte Ltd and KIA EBT Scheme 2 will be offloading their stake.

At present, UPL holds a little over a 64% stake in the company, while UPL Corporation owns nearly 14%.

As the issue is fully an OFS, Advanta Enterprises will not get any proceeds from the IPO. The entire amount will go to the selling shareholders.

The company will keep aside 75% of the net offer for qualified institutional buyers, 15% for non-institutional investors and 10% for retail investors.

Advanta Enterprises operates as a global agricultural solutions firm focused on hybrid seeds and post-harvest products. The company develops, produces and sells locally adapted hybrid seeds designed to improve crop yields and farm-level economics.

As of September 2025, its portfolio included over 900 hybrid seed varieties across 21 breeding crops and 19 commercial crops, including products developed through in-licensed collaborations. Its seeds are marketed in 74 countries, and it also runs a post-harvest solutions business through Decco.

JM Financial, Axis Capital, Goldman Sachs (India) Securities Pvt Ltd, Citigroup Global Markets India Pvt Ltd and Morgan Stanley India Company are the book-running lead managers of the issue, while MUFG Intime India is the registrar.

Advanta Enterprises IPO: Financials

The company's shares will be listed on the NSE and the BSE.