Pushp Masale files DRHP for Rs 1,000 cr OFS-only IPO; A91, Sixth Sense to partially exit

Indore-based spice maker Pushp Masale has filed its DRHP for an OFS-only IPO of 7.44 million shares, likely sized at Rs 1,000 crore. A91 Partners (20.14%) and Sixth Sense Ventures (7.81%) will pare stakes. FY26 revenue rose 19% to Rs 482 crore; profit climbed 28% to Rs 59 crore across 312 SKUs.

— FiledWed, 27 May, 2026, 12:03 IST·First seen Wed, 27 May, 2026, 12:02 IST·Source Entrackr

What happened

Pushp Masale, Indore-based spice maker, filed DRHP for an OFS-only IPO of 7.44 million shares, likely Rs 1,000 crore. A91 Partners and Sixth Sense Ventures will

Key facts

  • 7.44 million shares OFS
  • Rs 1,000 crore issue size
  • Rs 482 crore FY26 revenue (+19% YoY)
  • Rs 59 crore profit (+28%)
  • A91 stake 20.14%
  • Sixth Sense stake 7.81%
  • 312 SKUs

Why this matters

Pushp's IPO crystallizes a valuation marker for regional masala brands and may accelerate consolidation talks with strategics eyeing tier-2 spice distribution.

Also reported by