Eldorado Agritech Ltd Files DRHP for IPO

Eldorado Agritech, the Indian agro-sciences company headquartered in Hyderabad, has filed its draft red herring prospectus (DRHP) with the SEBI (Securities and Exchange Board of India) for its initial public offering (IPO). 

The company seeks to raise ₹340 crore through a fresh issue of shares, along with proposing an offer-for-sale of shares aggregating up to ₹660 crore by the selling shareholders. 

The promoters of the company are Srinivasa Rao Linga and Usha Rani Papineni, and they will offload shares aggregating to ₹500 crore and ₹160 crore through the IPO.

Check out newly Listed IPOs on BSE and NSE.

Eldorado Agritech Ltd IPO Details

According to the DRHP, 

• Eldorado Agritech Ltd’s IPO proposes to issue fresh equity shares aggregating up to ₹340 crore at a face value of ₹2 each, along with an offer-for-sale (OFS) aggregating up to ₹660 crore by the selling shareholders. 
• The promoters will be offloading shares aggregating up to ₹500 crore and ₹160 crore, respectively, as part of the proposed IPO. 
• Anand Rathi and Equirus are the book-running lead managers for the IPO. 
• Bigshare Services Private Limited is the registrar for the Eldorado Agritech Ltd IPO.

Utilisation of Proceeds

The company proposes to utilise the net proceeds from the fresh issue for the following purposes: 

• Payment of debt aggregating up to ₹245 crore. 
• General corporate purposes. 

About Eldorado Agritech Ltd

Headquartered in Hyderabad, Telangana, Eldorado Agritech Ltd is a leading agro-sciences company known for its Srikar Seeds brand. The seed-to-harvest solutions entity is engaged in seed innovation, R&D, crop care products, processing, distribution and marketing of seeds across OPV (open-pollinated varieties) and hybrids. 

The company offers seeds across crops like cotton, paddy (rice), maize, Bajra (pearl millet) and wheat, along with other vegetable seeds. The product portfolio comprises 226 hybrids and OPV seeds for 47 crops.  As of June 30, 2025, the company has also successfully obtained 269 registrations for its agrochemical formulations from the CIBRC. 

Eldorado Agritech Ltd also reported revenues from operations of ₹441 crore in FY25 along with a PAT (profit after tax) of ₹71 crore.

Explore other Upcoming IPOs on BSE and NSE.

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory. 

To read the RA disclaimer, please click here.