Eldorado Agritech Ltd, a Hyderabad-based seed-to-harvest solutions provider, has filed a draft red herring prospectus (DRHP) with capital markets regulator SEBI to raise ₹1,000 crore through an initial public offering (IPO).
The proposed IPO comprises a fresh issue of equity shares aggregating up to ₹340 crore and an offer for sale (OFS) of shares aggregating up to ₹660 crore by the selling shareholders.
As part of the OFS, promoters Srinivasa Rao Linga and Usha Rani Papineni will offload shares worth ₹500 crore and ₹160 crore, respectively.
The company proposes to utilise ₹245 crore from the net proceeds of the fresh issue towards prepayment or repayment of a portion of certain outstanding borrowings, and the remaining amount for general corporate purposes.
The company offers seeds across key crops such as maize, paddy, cotton, wheat, bajra and vegetable seeds.
The company secured 269 registrations for its agrochemical formulations from the Central Insecticides Board & Registration Committee (CIBRC) and has applied for nine product patents for agrochemical products under the Indian Patents Act, 1970.
The company reported a revenue from operations of ₹441 crore with profit after tax (PAT) of ₹71 crore in 2024-25.