IPO Details
| Key | Value |
|---|
| IPO Date | September 30, 2025 to October 3, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹95 to ₹100 per share |
| Issue Price Final | ₹100 per share |
| Lot Size | 150 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,92,85,720 shares (aggregating up to ₹192.86 Cr) |
| Employee Discount | ₹5.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 4,50,00,000 shares |
| Share Holding Post Issue | 6,42,85,720 shares |
IPO Subscription Details
| Key | Value |
|---|
| Anchor Investors | 1 |
| QIB (Ex Anchor) | 27.31 |
| Non-Institutional Buyers | 175.30 |
| bNII (bids above ₹10L) | 202.06 |
| sNII (bids below ₹10L) | 121.77 |
| Retail Investors | 23.14 |
| Employees | 38.42 |
| Total ** | 56.90 |
IPO Important Dates
| Key | Value |
|---|
| IPO Open Date | Tue, Sep 30, 2025 |
| IPO Close Date | Fri, Oct 3, 2025 |
| Tentative Allotment | Mon, Oct 6, 2025 |
| Initiation of Refunds | Tue, Oct 7, 2025 |
| Credit of Shares to Demat | Tue, Oct 7, 2025 |
| Tentative Listing Date | Wed, Oct 8, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Oct 3, 2025 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|
| Retail (Min) | 1 | 150 | ₹15,000 |
| Retail (Max) | 13 | 1,950 | ₹1,95,000 |
| S-HNI (Min) | 14 | 2,100 | ₹2,10,000 |
| S-HNI (Max) | 66 | 9,900 | ₹9,90,000 |
| B-HNI (Min) | 67 | 10,050 | ₹10,05,000 |
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 351.47 | 259.56 | 179.47 |
| Total Income | 502.88 | 457.21 | 397.97 |
| Profit After Tax | 25.64 | 24.73 | 14.87 |
| EBITDA | 48.25 | 40.21 | 25.22 |
| NET Worth | 100.87 | 75.26 | 50.60 |
| Reserves and Surplus | 55.87 | 70.76 | 46.10 |
| Total Borrowing | 80.45 | 45.46 | 25.29 |
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|
| Advance Agrolife Ltd. | 5.70 | 5.70 | 22.42 | | 29.11 | 4.55 |
| Dharmaj Crop Guard Limited | 10.68 | 10.30 | 116.70 | 34.60 | 9.24 | |
| Insecticides (india) Limited | 48.38 | 48.38 | 372.74 | 16.99 | 13.55 | |
| Heranba Industries Limited | 0.77 | 0.77 | 210.15 | | 0.37 | |
| Pi Industries Limited | 109.44 | 109.22 | 668.22 | 34.29 | 17.58 | |
| Sharda Cropchem Limited | 33.74 | 33.74 | 277.21 | 30.33 | 12.85 | |
Information about company
Incorporated in 2002, Advance Agrolife Limited is engaged in the manufacturing of a wide range of agrochemical products that support the entire lifecycle of crops. The company's products are used in cultivating major cereals, vegetables, and horticultural crops across both Kharif and Rabi seasons in India.
Product Portfolio:
Agrochemicals: Insecticides, herbicides, fungicides, and plant growth regulators.
Fertilizers: Micro-nutrient fertilizers and bio-fertilizers.
Technical Grade Products: Raw active ingredients used in the production of agrochemical formulations such as pesticides, herbicides, fungicides, and fertilisers.
The company primarily operates through direct sales to corporate customers on a B2B basis. The company serves clients across 19 states and 3 union territories in India and exports products to UAE, Bangladesh, China (including Hong Kong), Turkey, Egypt, Kenya, and Nepal.
Manufacturing Facilities:Advance Agrolife Limited operates three manufacturing facilities located in Jaipur, Rajasthan:
Manufacturing Facility I – Bagru, Jaipur, Rajasthan
Manufacturing Facility II – Dahami Khurd, Jaipur, Rajasthan
Manufacturing Facility III – Dahami Khurd, Jaipur, Rajasthan
As of July 15, 2025, the company had 543 permanent employees, including skilled and unskilled workers.
Competitive Strengths:
Established, integrated manufacturing setup at strategic location
Diversified product portfolio of agrochemical products.
Established customer base and strong relationships.
Strong Promoters and experienced management team.
Track Record of healthy growth
Objectives of IPO
The Company Advance Agrolife IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (in Millions)
1
Funding Working Capital requirements of the Company.
1,350
2
General corporate purposes.
Disclaimer
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We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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Day Wise Sub
| Day | QIB (Ex Anchor) | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | EMP | Total |
|---|
| Day 1
Sep 30, 2025 | 0.00 | 0.61 | 0.67 | 0.47 | 0.58 | 1.20 | 0.42 |
| Day 2
Oct 1, 2025 | 3.50 | 1.22 | 1.28 | 1.08 | 1.22 | 2.48 | 1.87 |
| Day 3
Oct 3, 2025 | 27.31 | 175.30 | 202.06 | 121.77 | 23.14 | 38.42 | 56.90 |
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|
| 04-10-2025 | 100.00 | 20(20.00%) | 120 |
| 03-10-2025 | 100.00 | 14.5(14.50%) | 114.5 |
| 02-10-2025 | 100.00 | 15(15.00%) | 115 |
| 01-10-2025 | 100.00 | 12(12.00%) | 112 |
| 30-09-2025 | 100.00 | 5(5.00%) | 105 |
| 29-09-2025 | 100.00 | 15(15.00%) | 115 |
| 28-09-2025 | 100.00 | 10(10.00%) | 110 |
| 27-09-2025 | 100.00 | 10(10.00%) | 110 |
| 26-09-2025 | 100.00 | 10(10.00%) | 110 |
| 25-09-2025 | 100.00 | 10(10.00%) | 110 |
| 24-09-2025 | 100.00 | 0(0.00%) | 100 |
| 23-09-2025 | 100.00 | 0(0.00%) | 100 |
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|
| QIB Shares Offered | 96,27,660 (49.92%) | NA |
| − Anchor Investor Shares Offered | 57,76,716 (29.95%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 38,50,944 (19.97%) | NA |
| NII (HNI) Shares Offered | 28,88,358 (14.98%) | NA |
| − bNII > ₹10L | 19,25,572 (9.98%) | 916 |
| − sNII < ₹10L | 9,62,786 (4.99%) | 458 |
| Retail Shares Offered | 67,39,502 (34.95%) | 44,930 |
| Employee Shares Offered | 30,000 (0.16%) | NA |
| Total Shares Offered | 1,92,85,520 (100.00%) | |
