Advanta Enterprises Files Offer-for-Sale IPO Papers with Sebi

Advanta Enterprises Ltd, a global agricultural solutions company specializing in hybrid seeds and post-harvest products, has filed preliminary IPO documents with Sebi. The offering is a fully Offer-for-Sale of 3.61 crore equity shares by existing shareholders, including promoter UPL Ltd and investors Melwood Holdings II Pte Ltd and KIA EBT Scheme 2. Advanta’s portfolio includes over 900 hybrid seed varieties marketed in 74 countries. The company will not receive proceeds from the IPO. JM Financial, Axis Capital, Citigroup, Goldman Sachs, and Morgan Stanley are the merchant bankers.