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IPOs, NCDs, OFS, Rights Issues, Buyback and Stock Brokers

IPO 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

IPO DRHP Status

Description Date
Filed with SEBI/Exchange Mon, Jun 29, 2026

Issue Reservation

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

About Innoterra Ltd.

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

  • Technology-led, asset-light integrated agri-food business model.
  • Largest non-captive B2B raw milk procurement platform in India (by procurement volume).
  • Strong farmer network with digital platforms enabling traceability and operational efficiency.
  • Diversified business across raw milk, cattle nutrition, fresh fruits, and staples.
  • Backed by the global Innoterra Group with experienced management and strong governance.
  • Extensive quality control measures supporting premium products and customer retention.

Company Financials (Restated)

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

Recently Listed IPOs in Other Agricultural Products

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% ₹139.21 (+9.01%)
Trualt Bioenergy Ltd. Mainboard ₹839.28 Cr ₹496 23.89 ₹530.95 +7.05% ₹453.45 (-1.32%)
Regaal Resources Ltd. Mainboard ₹306.00 Cr ₹102 17.58 ₹131.58 +29.00% ₹78.47 (-0.73%)

IPO Objects of the Issue

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

Key Performance Indicator (KPI)

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%

 

IPO Registrar

Kfin Technologies Ltd.

  • 04067162222, 04079611000
  • innoterra.ipo@kfintech.com
  • Visit Website

IPO Lead Manager(s)

  1. InCred Capital Wealth Portfolio Managers Pvt.Ltd.  (Past IPO Performance)

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Innoterra Ltd. Address
Office no. 805, 8th floor
Platinum Techno Park
Sector 30A, Vashi
Navi Mumbai, Maharashtra, 400703

IPO FAQs

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.

Angel One customers can apply online in Innoterra IPO using UPI as a payment gateway. Angel One customers can apply in Innoterra IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Innoterra IPO through Zerodha

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Innoterra IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One 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 .

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