Archive · 27 Aug 2026
Pushp Brand Gets Sebi Approval for IPO Backed by Investors
Pushp Brand makes spices and other food products.
The company has received approval to launch an IPO, which is a way to offer shares to public investors.
Two investment funds, A91 Emerging Fund I and Sixth Sense India, plan to sell some of their shares.
The IPO will therefore include an offer for sale by these existing investors.
Pushp Brand’s revenue and profit both grew between FY24 and FY26.
The company sells products under the Pushp and Munimji brands.
Its products include pure spices, blended spices, tea, soya products and quick-fry mixes.
It sells through stores, online platforms and quick-commerce services across India.
Securities and Exchange Board of India has approved Pushp Brand’s proposed initial public offering.
A91 Emerging Fund I and Sixth Sense India plan to sell part of their holdings through an offer for sale.
Pushp Brand’s operating revenue rose from Rs 398.24 crore in FY24 to Rs 481.94 crore in FY26.
Restated profit increased from Rs 33.33 crore to Rs 58.95 crore, while EBITDA rose to Rs 84.19 crore in FY26.
The Indore-based company offers spices and food products across 24 states and union territories through more than 3.68 lakh retail outlets.
- Who
- Pushp Brand, along with existing investors A91 Emerging Fund I and Sixth Sense India.
- What
- The Securities and Exchange Board of India approved Pushp Brand’s proposed initial public offering, which includes partial stake sales by the two funds.
- When
- The approval was reported in connection with financial figures for FY24 through FY26; distribution details are stated as of March 31, 2026.
- Where
- Pushp Brand was founded in Indore, Madhya Pradesh, and its products are distributed across 24 states and union territories.
- Why
- A91 Emerging Fund I and Sixth Sense India plan to sell part of their holdings through the IPO’s offer-for-sale component.
- A91 Emerging Fund I stake
- 20.14%; it invested around Rs 125 crore in Pushp Brand in 2020 and plans a partial sale.
- Sixth Sense India stake
- 7.81%; it invested around Rs 101 crore in 2023 and plans a partial sale.
- FY26 revenue
- Rs 481.94 crore, up from Rs 398.24 crore in FY24.
- FY26 restated profit
- Rs 58.95 crore, compared with Rs 33.33 crore in FY24.
- FY26 EBITDA
- Rs 84.19 crore, compared with Rs 49.50 crore in FY24.
- Product range
- 312 SKUs as of March 31, 2026: 129 pure spices, 173 blended spices and 10 other products.
- Distribution network
- 1,016 distributors and more than 3.68 lakh retail touchpoints across 24 states and union territories in fiscal 2026.
- Lead managers
- ICICI Securities, IIFL Capital Services and Systematix Corporate Services.