Mumbai: Spices manufacturer Pushp Brand (India) is likely to file its draft red herring prospectus (DRHP) for over ₹1,000 crore initial public offering (IPO) in the last week of May, sources familiar with the development told ET. The proposed issue of the Indore-based firm, owner of the 'Pushp Masale' brand, is expected to be a mix of fresh issue and offer for sale, according to multiple sources. ICICI Securities and IIFL Capital Services are said to be the book-running lead managers for the issue. Emails sent to the company and the bankers went unanswered. Pushp's closest listed peer is Orkla India, the Norwegian-owned parent of MTR Masala, which launched its ₹1,667 crore IPO in October 2025. Shares of Orkla India with a market capitalisation of ₹8671 crore are down nearly 10% since listing in November, 2025.