Pushp Brand Files DRHP for Rs 800–1,000 Crore Offer‑for‑Sale IPO

Overview

• The company filed a draft red herring prospectus with SEBI on May 27, 2026, proposing an entirely offer‑for‑sale IPO of up to 74.45 lakh equity shares valued at about Rs 800–1,000 crore.
• Promoters Mahendra Kumar Surana and Surendra Kumar Surana and investor sellers A91 Emerging Fund I LLP and Sixth Sense India Opportunities III are named as the shareholders selling stock through the offer.
• Because the issue is a full OFS, Pushp Brand will not receive any proceeds from the public sale; sale proceeds will go directly to the selling shareholders, providing an exit for promoters and private‑equity/VC backers.
• The company reported revenue and profit growth to FY26 and has disclosed multi‑year capacity plans including a green manufacturing facility, an integrated storage site by 2028 and a grinding and milling line by 2029 to support scale-up.
• ICICI Securities, IIFL Capital and Systematix are the book‑running lead managers, the shares are proposed for listing on BSE and NSE, and the offering remains subject to pricing, allotment and SEBI review.