The shares will be sold by the promoter, UPL Ltd, and by the investor shareholders, Melwood Holdings II Pte Ltd and KIA EBT Scheme 2.
Currently, UPL has just over 64 percent stake in the company, while UPL Corporation owns almost 14 percent.
Because the issue is entirely an OFS, Advanta Enterprises will not receive any proceeds from the IPO and the entire amount will go to the selling shareholders.
Advanta Enterprises operates as a global agricultural solutions company focused on hybrid seeds and post-harvest products. The company develops, produces and sells locally adapted hybrid seeds designed to improve crop yields and farm-level economics.
As of September 30, 2025, the portfolio included more than 900 hybrid seed varieties for 21 breeding crops and 19 commercial crops, including products developed through licensed collaborations. The seeds are marketed in 74 countries and the company also runs a post-harvest solutions business through Decco.
JM Financial, Axis Capital, Citigroup Global Markets India Pvt Ltd, Goldman Sachs (India) Securities Pvt Ltd and Morgan Stanley India Company have been appointed as investment bankers for the company’s proposed public issue.
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