Janata Agro Moves Closer to IPO, Appoints Siddhartha Capital as Issue Manager

Janata Agro and Forestry Limited has approved key decisions to accelerate its Initial Public Offering (IPO) process, including accepting a total institutional investment of Rs 5 crores from Peoples Hydropower Company Limited and Summit Energy Solution Pvt. Ltd. at Rs 125 per share.

The company also authorized its board to proceed with issuing 20–27.5% of its shares to the public and amended its bylaws to strengthen corporate governance by including independent directors and public shareholder representation.

With Siddhartha Capital appointed as the issue manager and CARE Ratings as the credit rating agency, the company aims to expand its integrated agriculture and forestry business while supporting farmers, promoting local production, reducing import dependency, and creating long-term sustainable value.