Advance Agrolife Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹95 - ₹100
- Lot size
- 150 shares
- Issue amount
- ₹192.86 cr
- Total subscription
- 56.85×
- Opens
- 30 Sept 2025
- Closes
- 3 Oct 2025
- Allotment
- 6 Oct 2025
- Listing
- 8 Oct 2025
Offer at a glance
Issue overview
- Issue size
- 1,92,85,720 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,250
- Fresh issue
- ₹192.86 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹15,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 4,50,00,000
- Shares after issue
- 6,42,85,720
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 150 | ₹15,000 |
| sHNI | 14 | 2,100 | ₹2,10,000 |
| bHNI | 67 | 10,050 | ₹10,05,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 3 Oct 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 44,930 | 9,08,038 |
| EMPLOYEES | 0 | 5,897 |
| HNIs(10L +) | 917 | 38,316 |
| HNIs (2-10L) | 458 | 54,456 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 38.51 | 1,051.56 |
| FIIs | 0 | 250.94 |
| FIs | 0 | 402.8 |
| Mutual Funds | 0 | 0.4 |
| Others | 0 | 397.41 |
| RETAIL | 67.4 | 1,554 |
| HNIs 2+ | 9.63 | 1,172.44 |
| HNIs 10+ | 19.26 | 3,890.84 |
| EMPLOYEES | 0.3 | 11.53 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 0 | 0 | 0 |
| ROE | 29.11 | 39.3 | 34.46 |
| ROCE | 27.02 | 37.62 | 34.38 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 17.55 | 0 | 0 |
| POST IPO(PE) | 25.07 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Dharmaj Crop Guard Limited | 34.6 | NA | 10 | 116.7 | 9.24 | 10.68 |
| Advance Agrolife Ltd. | NA | Na | 10 | 22.42 | 29.11 | 5.7 |
| Insecticides (india) Limited | 16.99 | NA | 10 | 372.74 | 13.55 | 48.38 |
| Heranba Industries Limited | NA | NA | 10 | 210.15 | 0.37 | 0.77 |
| Pi Industries Limited | 34.29 | NA | 10 | 668.22 | 17.58 | 109.44 |
| Sharda Cropchem Limited | 30.33 | NA | 10 | 277.21 | 12.85 | 33.74 |
Company information
Company profile
Advance Agrolife Limited, incorporated in 2002, manufactures a wide range of agrochemical products that support the full lifecycle of crops, including cereals, vegetables, and horticultural plants across Kharif and Rabi seasons in India. Its portfolio includes insecticides, herbicides, fungicides, plant growth regulators, micro-nutrient and bio-fertilizers, as well as technical grade raw ingredients for agrochemical formulations. The company primarily sells directly to corporate customers on a B2B basis, serving 19 states and 3 union territories in India, and exporting to countries like UAE, Bangladesh, China, Turkey, Egypt, Kenya, and Nepal. It operates three manufacturing facilities in Jaipur, Rajasthan, and as of July 15, 2025, employs 543 permanent staff, including skilled and unskilled workers.
Strengths
- Advanced Manufacturing Plants: Three modern facilities in Jaipur with 89,900 MTPA capacity enable efficient, automated, and scalable production of Technicals and Formulations.
- Wide Range of Agrochemical Products: Offers insecticides, herbicides, fungicides, plant growth regulators, micro-nutrients, and bio-fertilizers to support the entire crop lifecycle.
- Long-Term Customer Loyalty: Over 23 years of industry experience with a strong, loyal customer base built on quality products and a customer-focused approach.
Risk factors
- Reliance on Government Policies: Any changes in subsidies, incentives, or MSPs could reduce farmers’ income and lower demand for agrochemical products.
- Focus on Domestic Market: Most facilities and customers are in India, making the company vulnerable to domestic agricultural risks and geopolitical issues.
- Compliance and Regulatory Risks: Failing to meet quality or regulatory standards in India or abroad may lead to order cancellations, recalls, or penalties.
Promoters
Om Prakash Choudhary
Kedar Choudhary
Manisha Choudhary
Geeta Choudhary
Registrar & documents
Lead manager
Choice Capital Advisors Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
E-39, RIICO Industrial Area Ext. Bagru, Jaipur, Rajasthan, 303007
+91 0141 4810 12
[email protected]Company website ↗Understanding ADVANCE IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.