Pushp Brand (India) Limited, one of India’s fastest-growing packaged spice companies, has received the green light from the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO), setting the stage for the Indore-based company’s public-market debut.
The IPO will comprise an offer for sale (OFS) of up to 74,45,000 equity shares, with existing shareholders including promoters Surendra Kumar Surana and Mahendra Kumar Surana, along with investor shareholders A91 Emerging Fund I LLP and Sixth Sense India Opportunities III, offering shares.
