Swiss agritech firm Innoterra's Indian arm files for IPO

Innoterra Ltd, the Indian arm of Swiss agritech firm Innoterra, has filed a DRHP for an IPO comprising a fresh issue of up to Rs 105 crore and an Offer-for-Sale of 70,55,315 equity shares by promoters Milklane Holding Pte Ltd (97.82 percent stake) and Mahyco Pvt Ltd (2.18 percent stake). The company plans to use fresh issue proceeds for new bulk milk collection centres, replacing bulk milk cooling units, working capital, and potential acquisitions. Innoterra operates as a B2B milk procurement platform connecting dairy farmers with institutional buyers, with InCred Capital Wealth Portfolio Managers as the sole book-running lead manager.