Innoterra Ltd Files for IPO to Expand Milk Procurement Operations in India
Innoterra Ltd, the Indian subsidiary of Swiss agritech firm Innoterra AG, has filed preliminary papers with SEBI for an initial public offering (IPO) to raise up to Rs 105 crore through a fresh equity issue and an Offer-for-Sale of over 70 lakh shares by existing shareholders. The company plans to use the proceeds to expand milk collection infrastructure, replace cooling units, meet working capital needs, and pursue acquisitions. Innoterra operates a technology-driven B2B milk procurement platform connecting farmers with institutional buyers across India's agri-food value chain.