According to the draft red herring prospectus (DRHP), the proposed IPO will be entirely an offer-for-sale (OFS) of 3.61 crore equity shares, with no new issue component.
The shares will be sold by the promoter, UPL Limited and the investor shareholders, Melwood Holdings II Pte Ltd and KIA EBT Scheme 2.
Currently, UPL holds a little over 64 percent stake in the company, while UPL Corporation owns about 14 percent.
As the issue is purely OFS, Advanta Enterprises will not receive any proceeds from the IPO, and the entire proceeds will go to the selling shareholders.
Advanta Enterprises operates as a global agricultural solutions company focusing on hybrid seeds and post-harvest products. The company develops, manufactures and sells locally adapted hybrid seeds designed to improve crop yields and farm-level economics.
As of September 30, 2025, its portfolio includes more than 900 hybrid seed varieties across 21 breeding crops and 19 commercial crops, including products developed through licensed collaborations. Its seeds are sold in 74 countries, and the company also operates a post-harvest solutions business through Deco.
JM Financial, Axis Capital, Citigroup Global Markets India Pvt Ltd, Goldman Sachs (India) Securities Pvt Ltd and Morgan Stanley India Company have been appointed as merchant bankers for the proposed public issue of the company.
As a trusted and reliable news source
Add now!
(You can now subscribe to our ETMarkets WhatsApp channel)
