UPL Arm Advanta Enterprises Files Draft IPO Papers With Sebi – Here’s What We Know So Far

Advanta Enterprises, a seed business backed by agrochemicals major UPL, on January 19, 2026, filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO).

In a regulatory filing, UPL said its subsidiary has submitted the DRHP to Sebi, as well as to the BSE and the NSE. The company also clarified that the IPO is still at a preliminary stage.

“The offer is subject to receipt of necessary approvals, market conditions and other considerations,” UPL said in its statement to the stock exchanges.

Advanta Enterprises IPO To Be A Pure Offer For Sale

The proposed IPO will be entirely an offer for sale (OFS), implying that Advanta Enterprises will not raise any fresh capital through the issue. Instead, shares will be sold by the promoter and other existing shareholders.

According to the disclosure, the offer will consist of up to 36,105,578 equity shares. UPL, the promoter of the company, plans to offload up to 28,107,578 shares. Other selling shareholders include Melwood Holdings II, which intends to sell up to 7,995,390 shares, and KIA EBT Scheme 2, which will sell up to 2,610 shares.

Advanta Enterprises has roped in a strong line-up of investment banks to manage the issue. JM Financial, Axis Capital, Citigroup Global Markets India, Goldman Sachs (India) Securities and Morgan Stanley India are the book running lead managers. MUFG Intime India has been appointed as the registrar to the issue.

About Advanta Enterprises

Advanta Enterprises is a global agricultural solutions company offering advanced hybrid seeds and post-harvest solutions. The company operates an integrated global seeds platform built on over 50 years of proprietary research and development, differentiated seed technologies, and a wide production and distribution network. It develops, produces and sells locally adapted, high-quality seeds with advanced traits, aimed at improving farmer yields, profitability and sustainability.

As of September 30, 2025, Advanta had a portfolio of more than 900 hybrid seed varieties across 21 breeding crops. Its seeds are distributed across 74 countries. The company also runs a post-harvest solutions business through its Decco brand.

Advanta Enterprises’ Financial Performance

For the half year ended September 30, 2025, the company reported revenue from operations of Rs 3,067 crore and a profit after tax (PAT) of Rs 539.9 crore. For the full year ended March 31, 2025 (FY25), revenue stood at Rs 5,565.70 crore, while PAT for the year was Rs 921.50 crore.

In comparison, revenue was Rs 4,996.50 crore in FY24 and Rs 4,291.70 crore in FY23, while PAT rose from Rs 602.70 crore in FY23 to Rs 799.80 crore in FY24.

The company’s net worth has also seen a sharp improvement, rising to Rs 7,321.30 crore as of September 30, 2025, from Rs 2,319 crore at the end of FY25. Basic earnings per share for FY25 stood at Rs 29.61, compared to Rs 26.42 in FY24 and Rs 20.10 in FY23.