Pushp Brand files DRHP for OFS-only IPO; FY26 revenue hits Rs 482 cr with 20.7% MP spices share
Indore-based masala maker Pushp Brand filed DRHP with SEBI for a pure OFS of 74.45 lakh shares by promoters and PE backers A91 (20.14%) and Sixth Sense (7.81%). FY26 revenue Rs 481.94 cr, PAT Rs 58.95 cr, EBITDA Rs 84.19 cr at 43.75% blended spice margin. Commands 20.7% MP spices and 58% MP hing share across 3.68 lakh retail touchpoints.
Indore-based masala maker Pushp Brand filed DRHP with SEBI for an IPO entirely as an OFS of 74.45 lakh shares by promoters and investors A91 and Sixth Sense. FY26 revenue hit Rs 482 crore with leadership in MP spices and hing.
Why this matters
Pushp Brand joins the wave of regional FMCG and masala players tapping public markets via OFS, letting PE backers A91 and Sixth Sense partially exit while leveraging dominant MP market share.
Retail-company signals steady at 1,269 in last 90 days, reflecting sustained corporate activity.