Pushp Brand Spices Seeks Public Investment with Upcoming IPO

Pushp Brand (India) plans to enter the public investment sphere with an IPO aiming to raise Rs 800-1,000 crore. The IPO will be a complete offer-for-sale, benefitting current shareholders. The company, known for its spices, seeks growth through new facilities by 2029.

Pushp Brand (India), a well-known name in the spice industry, is preparing for an initial public offering to generate between Rs 800-1,000 crore, as per recent filings with SEBI. This move is planned as a full offer-for-sale, with no funds directed towards the company itself.

The OFS will see shareholders, including Mahendra Kumar Surana and Surendra Kumar Surana, reduce their stakes. Investors such as A91 Emerging Fund I LLP and Sixth Sense India Opportunities III will also divest some holdings. Pushp, founded in 1974, specializes in a variety of spice products, and is now focused on expanding its green manufacturing capabilities and integrated storage solutions.

While competing with brands like Everest and MDH, Pushp Brand has seen its revenue climb from Rs 398.24 crore in FY24 to Rs 481.94 crore in FY26, with profits also rising significantly. Upon approval, their shares will be available on both the BSE and NSE, backed by lead managers ICICI Securities, IIFL Capital, and Systematix Corporate Services.