Sheel Biotech Limited has made an initial public offering comprising a fresh offer of 54,00,000 shares, aggregating to ₹34.1 crore.

Legacy Law Offices advised Sheel Biotech on this IPO.

The transaction was led by Pradyun Chakravarty (Associate Partner), with support from Nandish Munjal (Senior Associate) and Sayed Anas (Associate).

Sheel Biotech is engaged in the business of growing, developing, processing, and supplying a wide range of plants for field crops, fruits, vegetables, and ornamental plants through tissue culture and organic farming. The Company manufactures and maintains greenhouses, offers services to farmers, and provides training through Farmer-Producer Organisations (FPOs). Additionally, the Company also delivers green landscaping services to both the government and private sectors.

The IPO received a robust response and was oversubscribed by 15.97 times.

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