UPL’s subsidiary, Advanta Enterprises, has filed a draft red herring prospectus (DRHP) for an initial public offering (IPO). The IPO involves an offer for sale of up to 36,105,578 equity shares of ₹1 each. UPL intends to offer up to 28,107,578 Equity Shares in the Offer. The offering is subject to customary approvals and market conditions. Advanta Enterprises is primarily involved in the seeds business.
Advanta Enterprises IPO Announced
Advanta Enterprises Limited, a subsidiary of UPL Limited, has initiated the process for an Initial Public Offering (IPO) by filing a draft red herring prospectus (DRHP) on January 19, 2026. This move aims to unlock value and provide Advanta with greater financial flexibility for its future growth plans.
Details of the Offer
The IPO comprises an offer for sale of up to 36,105,578 Equity Shares, each with a face value of ₹1. UPL intends to offer up to 28,107,578 Equity Shares. This IPO is contingent upon receiving necessary approvals, favorable market conditions, and other relevant considerations.
UPL’s Role as Promoter
UPL Limited is the promoter of Advanta Enterprises. This IPO will allow Advanta to operate more independently and pursue its strategic objectives in the agricultural sector.
Source: BSE
