The offering will consist entirely of an Offer-for-Sale (OFS) of 3.61 crore equity shares, with no new shares being issued.
According to the draft red herring prospectus (DRHP), shares will be sold by the promoter, UPL Ltd., along with investor shareholders, Melwood Holdings II Pte Ltd. and KIA EBT Scheme 2. UPL will provide 2.8 crore shares for sale in this offering.
Currently, UPL holds just over 64% of Advanta Enterprises, while UPL Corporation possesses nearly 14%.
Since the IPO is entirely an OFS, Advanta Enterprises will not receive any funds from the offering; all proceeds will go to the selling shareholders.
Advanta Enterprises functions as a global agricultural solutions provider, specializing in hybrid seeds and post-harvest products. The company focuses on developing, producing, and selling locally adapted hybrid seeds aimed at enhancing crop yields and farm-level economics.
As of September 30, 2025, its portfolio featured over 900 hybrid seed varieties across 21 breeding crops and 19 commercial crops, including products developed through in-licensed collaborations. The seeds are marketed in 74 countries, and the company also operates a post-harvest solutions business through Decco.
Advanta Enterprises reported revenues of ₹5,119 crore and a PAT of ₹800 crore in FY24. In FY25, revenues climbed to ₹5,685 crore, while PAT rose to ₹921 crore. For H1 FY26, the company recorded revenues of ₹3,141 crore and a 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 managing the public offer.
