Upcoming IPO: Advanta Enterprises, a UPL Subsidiary Files DRHP to Float IPO

Advanta Enterprises, a global agricultural solutions provider, has filed draft papers with market regulator Sebi to launch an initial public offering (IPO) aimed at raising capital through the sale of existing shares.

JM Financial, Axis Capital, Citigroup Global Markets India, Goldman Sachs (India) Securities, and Morgan Stanley India Company have been appointed as merchant bankers to the issue.

Advanta Enterprises IPO Details

The proposed IPO will be a pure Offer-for-Sale (OFS) comprising 3.61 crore equity shares, with no fresh issue component. According to the draft red herring prospectus (DRHP), the shares will be offloaded by promoter UPL Ltd. along with investor shareholders Melwood Holdings II Pte Ltd. and KIA EBT Scheme 2. UPL alone plans to divest 2.8 crore shares through the issue.

Currently, UPL holds slightly over a 64% stake in Advanta Enterprises, while UPL Corporation owns close to 14%. As the offering is entirely an OFS, the company will not receive any proceeds from the IPO, with all funds accruing to the selling shareholders.

About Advanta Enterprises

Advanta Enterprises, a wholly owned subsidiary of UPL, operates across the agricultural value chain with a focus on hybrid seeds and post-harvest solutions. The company develops, manufactures, and markets locally adapted hybrid seeds aimed at enhancing crop productivity and improving farm-level profitability.

As of September 30, 2025, Advanta’s portfolio comprised over 900 hybrid seed varieties spanning 21 breeding crops and 19 commercial crops, including offerings developed through in-licensed collaborations. Its products are sold across 74 countries worldwide, and it also operates a post-harvest solutions business under the Decco brand.

Also Read: Upcoming IPO: SEBI Clears IPO Plans of 7 Companies Including Gaudium IVF, Runwal Developers and More

On the financial front, Advanta Enterprises reported revenue of ₹5,119 crore and a profit after tax (PAT) of ₹800 crore in FY24. In FY25, revenue increased to ₹5,685 crore, while PAT rose to ₹921 crore. For 1HFY26, the company recorded revenue of ₹3,141 crore and PAT of ₹540 crore.

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