IPO
Spices brand Pushp to file for Rs.1,000-Cr IPO
Indore-based spice manufacturer Pushp is looking to file its draft red herring prospectus (DRHP) for an initial public offering (IPO) exceeding Rs 1,000-Cr by the end of May. The transaction is expected to be a mix of fresh shares and an offer for sale. ICICI Securities and IIFL Capital Services are expected to manage the issue.
Between Jun 2020 and Dec 2023, Pushp Masale had attracted about $ 29 M from A91 Partners, Sixth Sense Ventures and others.For FY25, Pushp Masale had reported about INR 405 Cr in Operating Income and about INR 46 Cr in PAT.
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