Advance Agrolife IPO
Bookbuilding IPO | ₹193.00 Cr | Listing at BSE, NSE
IPO Open
Tue, Sep 30, 2025
IPO Close
Fri, Oct 03, 2025
Price Band
₹95.00 to ₹100.00
Market Cap (Pre-IPO)
₹642.86 Cr
IPO Details
| IPO Date | Sep 30, 2025 to Oct 03, 2025 |
| Listing Date | Tentative: Oct 08, 2025 |
| Face Value | ₹10.00 per share |
| Price Band | ₹95.00 to ₹100.00 |
| Lot Size | 150 Shares (Minimum: ₹15,000.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹193.00 Crores |
| Total Shares Offered | 19,285,720 shares |
| Offer For Sale | 19,285,720 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 27.31x |
| NII | 175.30x |
| RII | 23.14x |
| Total | 56.90x |
Advance Agrolife IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 96,27,860 (49.92%) |
| Retail Shares Offered | 67,39,502 (34.95%) |
| NII Shares Offered | 28,88,358 (14.98%) |
Advance Agrolife IPO Lot Size
Investors can bid for a minimum of 150 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 150 | ₹15,000 |
| Retail (Max) | 13 | 1,950 | ₹195,000 |
| S-HNI (Min) | 14 | 2,100 | ₹210,000 |
| S-HNI (Max) | 66 | 9,900 | ₹990,000 |
| B-HNI (Min) | 67 | 10,050 | ₹1,005,000 |
Advance Agrolife Financial Information (Restated Consolidated)
Advance Agrolife Ltd.'s revenue increased by 10% and profit after tax (PAT) rose by 4% between the financial year ending with March 31, 2025 and March 31, 2024.
| 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 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 25.42% |
| ROCE (Return on Capital Employed) | 27.02% |
| Debt/Equity | 0.80 |
| RoNW (Return on Net Worth) | 29.11% |
| PAT Margin (Profit After Tax Margin) | 5.10% |
| EBITDA Margin | 9.61% |
| Price to Book Value | 5.98 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 5.70 | 3.99 |
| P/E (x) | 17.55 | 25.07 |
| Promoter Holding | 99.84% | 69.89% |
Company Promoters
- Om Prakash Choudhary
- Kedar Choudhary
- Manisha Choudhary and Geeta Choudhary are the company promoters.
Company Overview
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.
Company 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
Use of Proceeds
| 1) | Funding Working Capital requirements of the Company. | 135.00 |
| 2) | General corporate purposes. | 34.09 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Advance Agrolife IPO Peer Comparison
Advance Agrolife peer comparison with similar listed entities. (As on March 31, 2025)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Advance Agrolife Ltd. | 5.70 | 5.70 | 22.42 | 0.00 | 29.11 | 4.55 | - |
| Dharmaj Crop Guard Limited | 10.68 | 10.30 | 116.70 | 34.60 | 9.24 | 0.00 | Consolidated |
| Insecticides (india) Limited | 48.38 | 48.38 | 372.74 | 16.99 | 13.55 | 0.00 | Consolidated |
| Heranba Industries Limited | 0.77 | 0.77 | 210.15 | 0.00 | 0.37 | 0.00 | Consolidated |
| Pi Industries Limited | 109.44 | 109.22 | 668.22 | 34.29 | 17.58 | 0.00 | Consolidated |
| Sharda Cropchem Limited | 33.74 | 33.74 | 277.21 | 30.33 | 12.85 | 0.00 | Consolidated |
Quick Info
| Sector | Agrochemicals |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹642.86 Cr |
Important Dates
| IPO Open | Sep 30, 2025 |
| IPO Close | Oct 03, 2025 |
| Allotment Date | Oct 06, 2025 |
| Credit to Demat | Oct 07, 2025 |
| Listing Date | Tentative: Oct 08, 2025 |
Lead Manager(s)
Choice Capital Advisors Pvt.Ltd.
Registrar
Kfin Technologies Ltd.
04067162222, 04079611000
Description
- Advance Agrolife Ltd. IPO is a book build issue of ₹192.86 crores. The issue is entirely a fresh issue of 1.93 crore shares of ₹192.86 crore.
- Advance Agrolife IPO bidding started from Sep 30, 2025 and ended on Oct 3, 2025. The allotment for Advance Agrolife IPO was finalized on Oct 6, 2025. The shares got listed on BSE, NSE on Oct 8, 2025.
- Advance Agrolife IPO price band is set at ₹100.00 per share . The lot size for an application is 150. The minimum amount of investment required by an retail is ₹15,000 (150 shares) (based on upper price). The lot size investment for sNII is 14 lots (2,100 shares), amounting to ₹2,10,000, and for bNII, it is 67 lots (10,050 shares), amounting to ₹10,05,000.
- The issue includes a reservation of up to 30,000 shares for employees offered at a discount of ₹5.00 to the issue price.