Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
Innoterra Ltd. has filed a Draft Red Herring Prospectus (DRHP) with SEBI on June 29, 2026 to raise funds through Initial Public Offer (IPO).
Innoterra Ltd. IPO is a Book Build Issue consisting of fresh issue of ₹105.00 crores and an offer for sale (OFS) of upto 0.71 crore equity shares.
The equity shares are proposed to be listed on NSE and BSE. InCred Capital Wealth Portfolio Managers Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Innoterra IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Fresh Issue | [.] shares (agg. up to ₹105 Cr) |
| Offer for Sale | 70,55,315 shares of ₹5 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 2,00,55,257 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Jun 29, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 75% of the Net Issue |
| Retail Shares Offered | Not less than 10% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Incorporated in October 2015, Innoterra Limited (formerly MilkLane Dairy Services Private Limited) is a technology-led, asset-light agri-food company operating an integrated platform across the agricultural value chain. The company procures and supplies raw chilled milk, distributes scientifically formulated cattle nutrition products, and sources as well as supplies fresh fruits and staples through its digital platforms, MilkLane and FarmLink. It connects farmers directly with institutional buyers and retailers, ensuring end-to-end traceability, quality assurance, and efficient supply chain management.
The company operates through three business verticals: Raw Milk Procurement & Supply, Cattle Nutrition, and FarmLink (Fresh Fruits & Staples). As of December 31, 2025, it operated 122 bulk milk collection centres across Tamil Nadu, Andhra Pradesh, and Karnataka and was the largest non-captive B2B raw milk procurement platform in India by procurement volume (Source: 1Lattice Report). Backed by the Switzerland-based Innoterra Group, the company leverages advanced technology, digital platforms, and strong quality control processes to improve farmer productivity, reduce food wastage, and deliver high-quality agricultural products to enterprise customers.
The company is supported by an experienced management team and a strong farmer ecosystem focused on sustainable agriculture, technology adoption, and long-term value creation.
As of December 31, 2025, Innoterra had 139 permanent employees across sourcing, sales, operations, quality control, finance, administration, and human resources.
Strengths
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 58.52 | 44.35 | 21.14 | 47.12 |
| Total Income | 236.79 | 163.56 | 192.70 | 200.72 |
| Profit After Tax | 3.53 | 0.10 | -28.77 | -16.52 |
| EBITDA | -3.50 | -10.43 | -26.71 | -14.68 |
| NET Worth | 34.86 | 15.46 | 4.13 | 25.38 |
| Reserves and Surplus | 33.25 | 13.93 | 2.65 | 23.90 |
| Total Borrowing | 3.05 | 11.59 | 9.35 | 5.28 |
| Amount in ₹ Crore | ||||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Amir Chand Jagdish Kumar (Exports) Ltd. | Mainboard | ₹440.00 Cr | ₹212 | 28.86 | ₹180.00 | -15.09% | ₹173.05 (+1.98%) |
| Trualt Bioenergy Ltd. | Mainboard | ₹839.28 Cr | ₹496 | 23.89 | ₹530.95 | +7.05% | ₹456.85 (-0.66%) |
| Regaal Resources Ltd. | Mainboard | ₹306.00 Cr | ₹102 | 17.58 | ₹131.58 | +29.00% | ₹81.07 (+1.33%) |
| Adon Agro Commodities Ltd. | SME | ₹44.03 Cr | ₹70 | 16.22 | ₹82.16 | +17.37% | ₹79.92 (-2.73%) |
| M R Maniveni Foods Ltd. | SME | ₹27.04 Cr | ₹52 | 18.11 | ₹41.13 | -20.90% | ₹34.59 (-0.03%) |
| NFP Sampoorna Foods Ltd. | SME | ₹24.53 Cr | ₹55 | 16.81 | ₹51.80 | -5.82% | ₹24.40 (+4.95%) |
| Stanbik Agro Ltd. | SME | ₹12.28 Cr | ₹30 | 5.9 | ₹33.33 | +11.10% | ₹28.90 (-8.22%) |
| Unisem Agritech Ltd. | SME | ₹21.45 Cr | ₹65 | 12.21 | ₹61.75 | -5.00% | ₹49.00 (+2.51%) |
| Shreeji Global FMCG Ltd. | SME | ₹85.00 Cr | ₹125 | 16.42 | ₹101.70 | -18.64% | ₹150.00 (-1.15%) |
| BharatRohan Airborne Innovations Ltd. | SME | ₹45.04 Cr | ₹85 | 16.38 | ₹91.99 | +8.22% | ₹122.15 (-1.77%) |
| Sawaliya Foods Products Ltd. | SME | ₹34.83 Cr | ₹120 | 12.64 | ₹239.40 | +99.50% | ₹302.45 (+0.15%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the capital expenditure requirements for establishment of new bulk milk collection centres and/ or replacing bulk milk cooling units at existing bulk milk collection centres | 10.68 |
| 2 | Funding the Company’s working capital requirements | 54.75 |
| 3 | Unidentified inorganic acquisitions and general corporate purposes | |
| Total | 65.42 |
| KPI | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 0.14% | 0.01% |
| ROCE | -0.13% | -0.45% |
| Debt/Equity | 0.09 | 0.75 |
| RoNW | 59.45% | -1.30% |
| PAT Margin | 1.49% | 0.06% |
| EBITDA Margin | -1.48% | -6.38% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 0.05 | |
| Promoter Holding | 97.82% |
Lead Manager Reports
Innoterra IPO is a main-board IPO of 0 equity shares of the face value of ₹5 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Innoterra IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Innoterra IPO using UPI as a payment gateway. Zerodha customers can apply in Innoterra IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Innoterra IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Innoterra IPO dates are not announced. Please check back again after some time.
Innoterra IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Innoterra IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Innoterra IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Innoterra IPO allotment status.
The Innoterra IPO listing date is not yet announced. The tentative date of listing is .
