IPO · Agriculture & Food Systems
Innoterra files for IPO with fresh issue
By Startup Enthusiast ·
- Date
- Company
- Innoterra
- What it does
- Global agri-food and technology platform
- Kind
- IPO
- Amount
- Rs 105 Crore
- Stage
- pre-ipo
- Based in
- Mumbai
What they do
Innoterra operates a global agri-food platform focusing on dairy procurement, fresh produce marketplaces, and bioscience-based crop protection solutions for…
What happened
The company filed for an IPO (initial public offering; first sale of stock to the public) comprising a Rs 105 crore fresh issue
Why it matters
The firm also secured global marketing rights for a bio-pesticide technology from Agrinnovate India to combat banana crop diseases
The details
- Innoterra Limited has filed for an IPO featuring a fresh issue of up to Rs 105 crore.
- The offering includes an offer for sale (existing shareholders selling shares) of over 7 million equity shares.
- Milklane Holding Pte. Ltd. and Mahyco Private Limited are the primary selling shareholders in the offer for sale.
- The company is considering a pre-IPO placement (private share sale before public listing) of up to Rs 21 crore.
- Innoterra also secured global marketing rights for the ICAR-FUSICONT bio-pesticide technology from Agrinnovate India.
- This technology combats the Panama Wilt disease in Cavendish bananas and reduces production losses by up to 90%.
The bigger picture
- The company has received regulatory approval from the Central Insecticide Board for its new bio-pesticide technology.
About the business
- Innoterra operates as an integrated agri-food and technology platform across Switzerland, India, UAE, and the Philippines.
- The InnoScience division develops bioscience-based crop protection products.
- The company also manages a Rice & Spices division for sustainable global sourcing.
- The company reports fresh fruit wastage rates of under 1%.
The deal
- Type
- ipo
Investors
- Milklane Holding Pte. Ltd. (seller) — Existing shareholder selling shares in the offer for sale.
- Mahyco Private Limited (seller) — Existing shareholder selling shares in the offer for sale.
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