UPL Ltd's subsidiary Advanta Enterprises Ltd files DRHP for IPO

Advanta Enterprises Limited ("Advanta"), a subsidiary of UPL Limited, has filed a draft red herring prospectus (DRHP) dated January 19, 2026, with the Securities and Exchange Board of India ("SEBI"), BSE Limited ("BSE") and the National Stock Exchange of India Limited ("NSE" along with BSE, the "Stock Exchanges") in connection with a proposed initial public offering of its equity shares of face value of ₹ 1 each (the "Equity Shares", and the initial public offering by Advanta as the "IPO/Offer").

The Offer comprises an offer for sale ("Offer for Sale") of up to 36,105,578 Equity Shares of face value ₹ 1 each, which is proposed to be undertaken by UPL Ltd and other eligible shareholders of Advanta. The Company intends to offer up to 28,107,578 Equity Shares in the Offer as it is the Promoter of Advanta.

The Offer is subject to receipt of necessary approvals, market conditions and other considerations.

Shares of UPL Limited was last trading in BSE at Rs. 785.50 as compared to the previous close of Rs. 791.05. The total number of shares traded during the day was 89422 in over 1828 trades.

The stock hit an intraday high of Rs. 800.00 and intraday low of 780.15. The net turnover during the day was Rs. 70447007.00.

Source : Equity Bulls

Keywords

UPL INE628A01036 Agrochemicals AdvantaEnterprises FundRaising IPO SEBI DRHP