Seedworks International Files for IPO, Existing Shareholders to Sell 52 Million Shares

Seedworks International, a leading seed research and development company, has filed its draft red herring prospectus (DRHP) with SEBI for an initial public offering. The IPO will consist entirely of an offer for sale (OFS) of 52 million shares by existing shareholders. The company has appointed Equirus Capital and DAM Capital Advisors, among others, as book-running lead managers for the issue. Seedworks International, known for its hybrid seeds in rice, cotton, and other crops, aims to capitalize on India's growing agricultural sector. The IPO will provide an exit opportunity for current investors and is expected to enhance the company's market presence in the competitive seed industry.
Source: SEBI filings, Company announcements