Eldorado Agritech Files Rs 1,000 Crore IPO with SEBI
Eldorado Agritech, a Hyderabad-based seed-to-harvest solutions provider, has filed for an IPO with SEBI to raise Rs 1,000 crore. The IPO includes a fresh issue of Rs 340 crore and an offer-for-sale of Rs 660 crore by promoters. Funds will be used for debt repayment and general corporate purposes. The company, known for its Srikar Seeds brand, operates across 47 crops and various agricultural products. It reported revenue of Rs 441.48 crore and profit of Rs 71.86 crore in FY2025, with 25.3% and 47.3% year-on-year growth respectively. Shares will be listed on NSE and BSE, with Anand Rathi Advisors and Equirus Capital as lead managers.
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Eldorado Agritech, the Hyderabad-based seed-to-harvest solutions provider, has taken a significant step towards going public by filing preliminary papers with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO). The company aims to raise Rs 1,000 crore through a combination of fresh share issuance and an offer-for-sale by promoters.
IPO Structure
The proposed IPO comprises:
- A fresh issue of shares worth Rs 340.00 crore
- An offer-for-sale (OFS) of Rs 660.00 crore by the company's promoters
Dr. Srinivasa Rao Linga and Usha Rani Papineni, the promoters of Eldorado Agritech, will be selling a portion of their shareholding through the OFS.
Utilization of Funds
The Rs 340.00 crore to be raised through the fresh issue will be allocated as follows:
- Rs 245.00 crore for debt repayment
- The remaining funds for general corporate purposes
Company Overview
Eldorado Agritech, known for its Srikar Seeds brand, operates across a diverse range of agricultural products:
- 47 crops
- 226 hybrid and open pollinated variety seeds
- 269 agrochemical registrations
- 43 specialty fertilizer registrations
Financial Performance
The company has shown strong financial growth:
| Metric | Fiscal Year 2025 | Year-on-Year Growth |
|---|---|---|
| Revenue | Rs 441.48 crore | 25.3% |
| Profit | Rs 71.86 crore | 47.3% |
Listing Plans
Eldorado Agritech plans to list its shares on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
IPO Management
The book-running lead managers for this IPO are:
- Anand Rathi Advisors
- Equirus Capital
This IPO marks a significant milestone for Eldorado Agritech as it seeks to capitalize on its growth and expand its presence in the agricultural solutions sector.
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