Advanta Enterprises, a UPL subsidiary, has filed its Draft Red Herring Prospectus (DRHP) with SEBI for its upcoming IPO in India. The Advanta Enterprises IPO will be a pure Offer For Sale (OFS) of 3.61 crore equity shares, with no fresh issue, making it an important OFS IPO to track in the primary market. As per the DRHP, shares in the UPL-backed IPO will be sold by promoters including UPL Limited and other investor shareholders. Currently, UPL holds around 64% stake in Advanta Enterprises, and
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