Eldorado Agritech files DRHP with SEBI for RS 1,000 crore IPO

Eldorado Agritech, which is located in Telangana, the company behind the Srikar Seeds brand, has submitted concept documents to Marktrregelvergever Sebi to increase RS 1,000 crore via a first public offer (IPO). According to the DRHP, the issue will include a new issue of shares of RS 340 Crore and an offer (OFS) of RS 660 crore shares by existing shareholders with a new shares worth existing shareholders.

Among the promoters, Srinivasa Rao Linga will sell shares worth approximately RS 500 Crore, while USHA Rani Papineni shares worth RS 160 Crore will discharge.

Use of yields

Eldorado plans to use approximately RS 245 Crore of the new issue to repay certain loans or pay in advance. The rest will be assigned to general business purposes.

Company profile

Eldorado Agritech is a fast-growing agricultural company and offers end-to-end “seed to harvest” solutions. The company includes seed innovation, crop care products, R&D, production, processing, marketing and distribution.

The company offers seeds on large crops such as corn, padie, cotton, wheat, pearly vulture (bajra) and various vegetables. The portfolio comprises 226 hybrids and open pollinated seeds over 47 washed. According to the F&S report, Eldorado is the fastest growing company for Agrowaten under mentioned colleagues in India, with an income CAGR of 27.92% between FY23 and FY25. From 30 June 2025 it had 269 registrations for agrochemical formulations, 43 registrations for specialist fertilizers and 32 registrations for bio-stimulating products. Moreover, it has submitted nine patent applications for agrochemical products.

Financial

For FY25, Eldorado reported the turnover of RS 441 Crore and a net profit of RS 71 Crore.

Lead managers

Anand Rathi Advisors Limited and Equirus Capital Private Limited will act as the bookstead managers for the IPO.

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