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

Advanta Enterprises, a Mumbai-based agriculture firm and subsidiary of UPL, has filed a draft red herring prospectus with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO) scheduled as an offer-for-sale (OFS). The IPO will allow UPL and other shareholders to sell up to 36.1 million equity shares, with no fresh capital raised by the company. The filing is subject to regulatory approvals and market conditions. Advanta reported a net profit of 539.93 crore in Q2 of FY 2025-26 and revenues of 3,067 crore.