IPO Overview:
- Company: Eldorado Agritech, a unit of Srikar Group
- SEBI Filing Date: September 3, 2025
- Fundraising Target: Rs 1,000 crore
- Fresh Issue: Rs 340 crore
- Offer-for-Sale (OFS): Rs 660 crore
- Promoters Srinivasa Rao Linga – Rs 500 crore
- Promoter Usha Rani Papineni – Rs 160 crore
The company may also raise up to Rs 65 crore via a pre-IPO round before the public listing.
Use of Proceeds:
- Rs 245 crore from fresh issue to repay borrowings
- Remaining for general corporate purposes
- As of June 2025, total borrowings of Eldorado Agritech and its subsidiary stand at Rs 287.6 crore
Business Profile:
- Provides end-to-end seed and crop protection solutions
- Offers 226 hybrids and OPV seeds across 47 crops, including maize, paddy, cotton, wheat, bajra, and vegetables
- Holds 269 registrations for agrochemical formulations with the Central Insecticides Board & Registration Committee (CIBRC)
- Applied for 9 product patents under the Indian Patents Act
Financial Performance (FY25):
- Revenue: Rs 441.5 crore (+25.3% YoY from Rs 352.2 crore)
- Profit: Rs 71.86 crore (+47.3% YoY from Rs 48.8 crore)
- Competes with listed peers like Kaveri Seeds and Dhanuka Agritech
IPO Advisors:
- Anand Rathi Advisors
- Equirus Capital
This IPO marks Eldorado Agritech’s move to expand operations and strengthen its balance sheet, while offering promoters an opportunity to monetize a portion of their holdings.
