Advanta Enterprises Files Draft Papers for ₹3,000 Crore IPO in India
Advanta Enterprises has taken a significant step towards listing on the Indian stock market. On 19 January 2026, the company filed preliminary draft papers with SEBI for an initial public offering (IPO). The move aims to raise funds through a complete offer-for-sale (OFS) of existing equity shares.
The IPO will involve 36,105,578 shares, each with a face value of Re 1. No fresh capital will be issued, as the offering consists solely of shares sold by existing stakeholders.
The company’s financial performance shows strong growth ahead of the IPO. In the second quarter of FY 2025-26, Advanta Enterprises reported a revenue of ₹3,067 crore from core operations. Its net profit for the same period stood at ₹539.93 crore.
The OFS will see multiple stakeholders offloading their holdings. UPL Limited, the sole promoter, will sell part of its stake. Investors Melwood Holdings and KIA EBT will also participate in the share sale. The company’s parent entity, Advanta Holdings Ltd., was established in Cyprus in 2019.
Five major financial institutions have been appointed as book-running lead managers for the issue. These include JM Financial Limited, Axis Capital Limited, Citigroup Global Markets India Private Limited, Goldman Sachs (India) Securities Private Limited, and Morgan Stanley India Company Private Limited. MUFG Intime India will serve as the registrar to the offer, handling the administrative and procedural aspects of the IPO.
The IPO will allow existing shareholders to monetise their investments without raising new capital for the company. Once approved by SEBI, the shares will be listed on Indian exchanges. The offering’s success will depend on market conditions and investor demand at the time of launch.
