Quadria Capital-backed Encube Ethicals files draft document with SEBI for Rs 3,000 cr IPO

Mumbai-based Encube Ethicals filed draft papers with SEBI on August 1 to raise Rs 3,000 crore through an IPO. This offer for sale allows promoter Mehul Madhusudan Shah and Quadria Capital-backed Frontier Investment Holdings to sell their stakes. The company reported a profit of Rs 437 crore for March 2026.