Quessentials Ltd filed DRHP with the BSE SME on Jun 25, 2026, for its proposed Initial Public Offering (IPO).
According to the DRHP, the public issue comprises a fresh issue of up to 0.31 crore equity shares and an Offer for Sale (OFS) of up to 0.02 crore shares by existing shareholders.
Seren Capital Pvt.Ltd. is the Book Running Lead Manager for the IPO and Kfin Technologies Ltd. is the Registrar.
About the Company
Incorporated in June 2017, Quessentials Ltd. is a Bengaluru-based B2B food ingredients company engaged in the value-added processing, packaging, and supply of superfoods and nutrient-rich food ingredients for domestic and international markets. The company primarily deals in chia seeds, quinoa, millets, flax seeds, sesame seeds, basil seeds, pumpkin seeds, sunflower seeds, spices, nuts, dry fruits, pulses, and other food ingredient products. It operates two processing facilities in Malur, Karnataka, along with a warehouse in Mysuru, and is setting up a third processing unit to expand its manufacturing capacity.IPO Category wise Issue Reservation
According to the draft red herring prospectus, Not more than 50% of the Net Offer is reserved for Qualified Institutional Bidders (QIBs), Not less than 15% of the Net Offer for Non-Institutional Investors (NIIs) and Not less than 35% of the Net Offer for Retail Individual Investors (RIIs).
Quessentials IPO Fund Utilization
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of Working Capital Requirements | 23.00 |
| 2 | General corporate purposes | |
| Total | 23.00 |
Financial Performance Highlights:
Quessentials Ltd.’s total income declined by 13% reached ₹78.24 crore in Mar 31, 2025, compared to ₹90.32 crore in Mar 31, 2024.
For the same period, profit after tax jumped 197% to ₹2.14 crore, compared to ₹0.7207 crore.
For the latest period ended on Dec 31, 2025, its total income stood at ₹95.02 crore and PAT stood at ₹7.72 crore.
