New Delhi, February 27 Gurugram-based Earthood Services, a company offering carbon validation and verification services, has withdrawn its draft IPO papers, which were filed in June last year, according to an update with the markets regulator, Sebi, on Friday.
The initial public offering (IPO) was planned to be entirely an offer-for-sale of up to 62.9 lakh equity shares by the promoters, with no new issuance component.
The company had refiled the draft red herring prospectus (DRHP) for the proposed IPO on June 13, 2025, with the Securities and Exchange Board of India (Sebi).
However, the draft offer documents for the IPO were withdrawn on February 23, and the reasons for the withdrawal have not been disclosed, according to an update with the markets regulator on Friday.
Earthood Services primarily offers carbon validation and verification services, as well as Environmental, Social, and Governance (ESG) advisory and assurance services to its customers in India and abroad.
It also provides advisory services related to the formation and promotion of Farmer Producer Organizations (FPOs), which are entities created, owned, and managed by farmers, and which constitute a minor portion of the company's revenue.