Public Market 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.
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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.