Mumbai-based agriculture firm Advanta Enterprises filed its preliminary draft papers with the capital markets regulator, the Securities and Exchange Board of India (Sebi), on Monday, January 19, 2026. The global agro-solutions company aims to raise funds from the Indian stock market through an entirely offer-for-sale (OFS) issue of equity shares, as reported in the company's regulatory filing.
Advanta Enterprises is offering a book-built initial public offering comprising the entire offer for sale component of 36,105,578 equity shares with a face value of Re 1 apiece. According to the company's draft red herring prospectus filing, there is no fresh issue portion in the IPO structure.
Advanta Enterprises Limited was incorporated as part of UPL's strategic business realignment during FY 2024-25, which involved creation of two distinct pureplay platforms. The company was specifically created to house the India and international seeds business operations. Upon its creation, Advanta Enterprises received a significant investment of US$ 300 million from KKR, a leading global private equity investor, for a 13.33% stake on fully diluted basis. This strategic restructuring separated the seeds business from UPL's crop protection operations, creating focused business verticals.
Since the IPO consists entirely of an offer for sale component with no fresh issue, all funds raised from the Indian stock market will be received by the promoter and investor selling stakeholders. The company will not receive any proceeds from the public issue, as stated in the DRHP filing with Sebi.
