Innoterra Ltd. IPO Details
Innoterra was incorporated on October 10, 2015. The company is a technology-led, asset-light agri-food business that connects farmers directly with enterprise customers through digital platforms. It operates across raw milk procurement, cattle nutrition, and the sourcing and supply of fresh fruits and staples, providing integrated, traceable solutions across the agri-food value chain
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 7.1 M | - | - | ₹1,050.0 M | DRHP DOC |
Innoterra issue details
Innoterra has 7.1 M shares on offer
Innoterra IPO issue size is ₹ 1,050.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
Innoterra IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Innoterra NUMBER OF SHARES ON OFFER
Innoterra FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 9MFY26 | 236.7 | 3.5 | -2.0 | -3.3 | -1.5% |
| FY25 | 163.5 | 0.1 | -11.7 | -11.9 | -6.4% |
| FY24 | 191.7 | -28.8 | -31.2 | -31.6 | -13.9% |
| FY23 | 199.5 | -16.5 | -2.6 | 0.4 | -7.4% |
Innoterra INFORMATION ON IPO ISSUE
About Innoterra
Innoterra was incorporated on October 10, 2015. The company is a technology-led, asset-light agri-food business that connects farmers directly with enterprise customers through digital platforms. It operates across raw milk procurement, cattle nutrition, and the sourcing and supply of fresh fruits and staples, providing integrated, traceable solutions across the agri-food value chain
Object of the Issue
- 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
- Funding their company’s working capital requirements
- Unidentified inorganic acquisitions and general corporate purposes
Innoterra - PROMOTERS
| Name |
|---|
| Francisco Fernandez |
| Urs Berthold Wietlisbach |
| Milklane Holding Pte. Ltd. |
| Innoterra AG |
Innoterra - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Pradeep Kumar Parakh | Chairman & Independent Director |
| Harish Sharma | Managing Director |
| Avinash Krishnakumar Kasinathan | Non-Executive Director |
| Ralitsa Hristova | Non-Executive Director |
| Aman Kumar | Non-Executive Director |
| Mahesh Kumar Girdhar | Independent Director |
Innoterra Book Running Lead Manager
InCred Capital Wealth Portfolio Managers Private Limited
innoterra.ipo@incredcapital.com
Innoterra Registrar to the Offer
KFin Technologies Limited
innoterra.ipo@kfintech.com
Innoterra Strengths
Asset-light operating model
The company follows an asset-light business model by leveraging partner-operated facilities, contract manufacturing, and leased infrastructure, enabling scalable growth with limited capital investment. This approach has improved operating leverage, reduced operating costs, and strengthened profitability over time
Working capital efficiency
The company operates a working capital-efficient, asset-light business model with one of the lowest working capital cycles among Indian agri-tech platforms. Its negative working capital cycle, near zero-inventory dairy operations, and long-term customer relationships support strong cash flows and efficient capital utilization
Quality control
The company follows stringent, technology-enabled quality control processes across its operations to ensure consistent product quality and reliability. In its dairy business, a structured multi-stage testing and rapid chilling process helps maintain high-quality standards and strengthens customer confidence
Innoterra Risks
Non-compliance risks
The company’s operations depend on effective storage, handling, and quality control of perishable products such as milk, fresh fruits, cattle nutrition, and staples. Any failure in cold chain, storage infrastructure, or quality standards could lead to spoilage, product rejections, regulatory action, reputational damage, and financial losses
Depend on third party transportation
The company relies on third-party logistics providers for transporting milk, fresh fruits, cattle nutrition, and other products, making its operations vulnerable to transportation disruptions. Any delays, cold chain failures, or logistics issues could lead to spoilage, higher costs, customer dissatisfaction, and adverse financial performance
Counterparty credit risk
The company extends credit to customers across its business segments, exposing it to the risk of delayed payments or defaults. Any deterioration in customers’ financial position or prolonged collection cycles could adversely affect cash flows, working capital, and financial performance
IPO FAQs
The promoters of the company are Francisco Fernandez, Urs Berthold Wietlisbach, Milklane Holding Pte. Ltd. and Innoterra AG.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.