Mumbai-based agriculture firm Advanta Enterprises took a significant step towards going public on Monday, 19 January 2026. The company filed its preliminary draft papers with the Securities and Exchange Board of India (Sebi), the capital markets regulator. This move signals Advanta Enterprises' intent to raise funds from the Indian stock market.
IPO Structure and Details
Advanta Enterprises is planning a book-built issue initial public offering (IPO). The offering comprises an entirely offer-for-sale (OFS) component. Specifically, the company will offer 36,105,578 equity shares. Each share has a face value of Re 1.
No Fresh Issue Involved
According to the company's Draft Red Herring Prospectus (DRHP) filing, there is no fresh issue portion in this IPO. This means the IPO consists solely of the offer-for-sale. Consequently, all funds raised from the Indian stock market will go directly to the promoter and investor selling stakeholders. Advanta Enterprises itself will not receive any proceeds from this public issue.
Advanta Enterprises operates as a global agro-solutions company. The firm focuses on providing advanced agricultural solutions. Its decision to file for an IPO highlights a growing trend of agriculture-related firms tapping into public markets.
Investors should note that this is a developing story. Updates may follow as more details emerge from Sebi's review process. Market participants often watch such filings closely for insights into sectoral trends and investment opportunities.
Disclaimer: This news report serves educational purposes only. We strongly advise investors to consult with certified financial experts before making any investment decisions. Market conditions can change rapidly, and individual circumstances vary widely.
