Overview
- The offer totals Rs 1,000 crore, comprising a fresh issue of up to Rs 340 crore and an offer for sale of up to Rs 660 crore.
- Promoters Srinivasa Rao Linga and Usha Rani Papineni plan to sell shares worth about Rs 500 crore and Rs 160 crore, respectively.
- About Rs 245 crore from the fresh issue is earmarked for repayment or prepayment of certain borrowings, with the balance for general corporate purposes.
- The company proposes to list on NSE and BSE and may consider a pre-IPO placement of up to Rs 65 crore in consultation with the book runners.
- FY25 revenue reached roughly Rs 441 crore with PAT of about Rs 71 crore, alongside a broad seed-to-crop-care portfolio under the Srikar Seeds brand.