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What is the story about?
Agricultural solutions company Advanta Enterprises has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO).
The issue will be entirely an Offer-for-Sale (OFS) of 3.61 crore equity shares, with no fresh issue component.
As per the draft red herring prospectus (DRHP), the company's shares will be sold by the promoter, UPL Ltd., and by the investor shareholders, Melwood Holdings II Pte Ltd. and KIA EBT Scheme 2. UPL will offer 2.8 crore shares for sale in the issue.
At present, UPL holds a little over 64% stake in Advanta Enterprises, while UPL Corporation owns nearly 14%.
Since the IPO is fully an OFS, Advanta Enterprises will not receive any proceeds from the issue, and the entire amount will go to the selling shareholders.
Advanta Enterprises operates as a global agricultural solutions company 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 30, 2025, its portfolio included more than 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 the company also runs a post-harvest solutions business through Decco.
Advanta Enterprises reported revenue of ₹5,119 crore and PAT of ₹800 crore in FY24. In FY25, revenue rose to ₹5,685 crore, while PAT increased to ₹921 crore. For H1 FY26, the company posted revenue of ₹3,141 crore and PAT of ₹540 crore.
JM Financial, Axis Capital, Citigroup Global Markets India, Goldman Sachs (India) Securities, and Morgan Stanley India Company are the merchant bankers for the public offer.
The issue will be entirely an Offer-for-Sale (OFS) of 3.61 crore equity shares, with no fresh issue component.
As per the draft red herring prospectus (DRHP), the company's shares will be sold by the promoter, UPL Ltd., and by the investor shareholders, Melwood Holdings II Pte Ltd. and KIA EBT Scheme 2. UPL will offer 2.8 crore shares for sale in the issue.
At present, UPL holds a little over 64% stake in Advanta Enterprises, while UPL Corporation owns nearly 14%.
Since the IPO is fully an OFS, Advanta Enterprises will not receive any proceeds from the issue, and the entire amount will go to the selling shareholders.
Advanta Enterprises operates as a global agricultural solutions company 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 30, 2025, its portfolio included more than 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 the company also runs a post-harvest solutions business through Decco.
Advanta Enterprises reported revenue of ₹5,119 crore and PAT of ₹800 crore in FY24. In FY25, revenue rose to ₹5,685 crore, while PAT increased to ₹921 crore. For H1 FY26, the company posted revenue of ₹3,141 crore and PAT of ₹540 crore.
JM Financial, Axis Capital, Citigroup Global Markets India, Goldman Sachs (India) Securities, and Morgan Stanley India Company are the merchant bankers for the public offer.
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