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M K C Agro Fresh Files Draft Papers for IPO
M K C Agro Fresh wants to sell shares to the public.
It has submitted early IPO documents to India’s market regulator, SEBI.
The IPO would include new shares and shares sold by existing shareholders.
The company plans to use money from the new shares partly to reduce its loans.
It also wants to use some money for general business needs.
M K C Agro Fresh buys, stores, processes and delivers many kinds of fruit.
It runs a large cold-storage facility in Greater Noida.
The company is also building an orange-juice plant in Maharashtra that is expected to begin production by March 2027.
M K C Agro Fresh Limited has filed draft IPO papers with the Securities and Exchange Board of India.
The proposed issue includes a fresh share issue and an offer for sale by existing shareholders.
Proceeds from the fresh issue would repay or prepay borrowings and support general corporate purposes.
The company operates a tree-to-table fruit supply chain covering more than 15 fruit categories.
It is developing a 500-tonne-per-day orange-juice facility in Maharashtra, with production expected by March 31, 2027.
- Who
- M K C Agro Fresh Limited, an integrated fresh-fruit supply chain company.
- What
- The company filed Draft Red Herring Prospectus documents for a proposed Initial Public Offering.
- Where
- The company is headquartered in the Delhi-NCR region, operates cold storage in Greater Noida, and is building a facility at Bargaon, Warud, in Maharashtra’s Vidarbha region.
- When
- The draft papers were filed last week; the report was published on September 8, 2026. Commercial production at the planned facility is expected by March 31, 2027.
- Why
- The fresh-issue proceeds are intended for repayment or prepayment of certain borrowings and general corporate purposes.
Key facts
- IPO structure
- A fresh issue of up to 99.99 lakh equity shares and an offer for sale of up to 68.12 lakh shares, according to one draft-paper report.
- Reported share-count discrepancy
- One article describes the fresh issue as 99.99 crore shares, while the other states 99.99 lakh shares.
- Business model
- An integrated tree-to-table fresh-fruit supply chain covering procurement, sorting, grading, waxing, ripening, storage, processing, logistics and distribution.
- Fruit categories
- More than 15 categories, including apples, oranges, mangoes, grapes, kiwis and bananas.
- Cold storage
- A 5,756-tonne controlled-atmosphere facility in Greater Noida.
- Planned facility
- A 500-tonne-per-day frozen concentrated orange juice facility at Bargaon, Warud, in Maharashtra’s Vidarbha region.
- IPO advisers
- Narnolia Financial Services is the book-running lead manager, and Bigshare Services is the registrar.
Sources
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