Overview

• The offer comprises a Rs 340 crore fresh issue and a Rs 660 crore offer for sale by existing shareholders.
• Promoters Srinivasa Rao Linga and Usha Rani Papineni plan to sell shares worth Rs 500 crore and Rs 160 crore, respectively, through the OFS.
• Of the fresh proceeds, Rs 245 crore are earmarked for repayment or prepayment of borrowings, with the balance for general corporate purposes.
• The Telangana-based seed-to-harvest firm markets 226 hybrids and OPV seeds across 47 crops and reports 269 agrochemical registrations, 43 speciality fertilizer registrations, 32 bio-stimulant registrations, and nine patent applications.
• FY2025 revenue stood at Rs 441 crore with PAT of Rs 71 crore, and the IPO will be led by Anand Rathi and Equirus with proposed listings on NSE and BSE and a possible pre-IPO placement of up to Rs 65 crore.