Advanta Enterprises Ltd, which is a subsidiary of UPL Ltd, has officially filed its Draft Red Herring Prospectus (DRHP) with SEBI for its upcoming IPO. This filing is an important step in the company’s plan to enter the Indian stock market. After the DRHP submission, SEBI will review the document and may ask for clarifications or changes. Once SEBI gives its approval, the company will move ahead with the next stage of the IPO process. This IPO is expected to attract strong interest due to Advanta’s connection with UPL Ltd and its presence in the agri-business sector.
About the Company
Advanta Enterprises Ltd is a leading global agricultural-solutions company that mainly focuses on developing advanced hybrid seeds and providing post-harvest solutions. The company operates a strong and integrated global seeds platform, supported by over 50 years of proprietary research and development (R&D) along with deep expertise in germplasm and crop breeding. As of September 30, 2025, Advanta’s product portfolio includes more than 900 hybrid seed varieties across 21 breeding crops, making it one of the most diversified seed companies globally.
The company has built a wide international presence, with its products being sold in around 74 countries across multiple continents. According to the F&S Report, Advanta is ranked as the 10th largest global seed company in terms of revenue for FY25, highlighting its strong position in the global agri-business market. Apart from seeds, the company also has a strong post-harvest solutions business through its subsidiary Decco, which is recognized as the world’s second-largest post-harvest solutions provider by revenue. Decco serves customers globally by offering integrated solutions, helping improve crop quality, storage life, and supply chain efficiency.
Company & Promoter
• Promoter: UPL Ltd (holds ~64% stake) and UPL Corporation (~14%).
• Investors selling: Melwood Holdings II Pte Ltd and KIA EBT Scheme 2.
• Business: A global agricultural solutions company focused on hybrid seeds and post-harvest products across multiple countries.
IPO Structure & Size
Type: Entirely Offer-for-Sale (OFS) — no fresh shares issued. All funds go to selling shareholders (promoter & investor sellers).
Total Shares Offered: 36,105,578 equity shares (face value ₹1 each).
Because the price band is yet to be set in the DRHP, the total ₹ size of the IPO will only be known after pricing is announced.
While the DRHP does not disclose the issue price or total rupee size, media reports (Bloomberg) indicate that Advanta may be targeting an IPO size of around $500 million (₹4,000+ crore), subject to market conditions and final pricing.
Investor Category Allocation
The net offer (after OFS) will be allocated as follows:
Qualified Institutional Buyers (QIB): 75%
Non-Institutional Investors (NII / HNI): 15%
Retail Individual Investors (RII): 10%
No Shareholder Quota:
The DRHP does not include a separate shareholder reservation quota, which means there’s no dedicated set-aside for UPL shareholders or other existing shareholders in this IPO.
This is notable because in some subsidiary IPOs, parent shareholders get a reservation quota — but not in this case as per the current DRHP
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