Advance Agrolife IPO Opens, Closes Friday
Rs. 192.68 Cr Fresh Issue • Price Band Rs. 95–Rs. 100
Subscribed 8.26× by 11:45 a.m. Day 3
IPO Snapshot
| Item | Details |
|---|---|
| Issue window | Tuesday to Friday (closes Friday) |
| Fresh issue size | Rs. 192.68 crore |
| Price band | Rs. 95 – Rs. 100 per share |
| Proposed listing | BSE and NSE |
| GMP (Friday) | Rs. 15 |
Subscription Status (Day 3, 11:45 a.m.)
- Overall: 8.26×
- Retail: 5.40×
- Non-institutional investors (NII): 21.20×
- Qualified institutional buyers (QIB): 3.56×
Company Profile
Founded in 2002, Advance Agrolife Limited manufactures and distributes a wide range of agrochemicals and crop
protection products: insecticides, herbicides, fungicides, fertilizers, plant growth regulators, and technical-grade inputs.
- Business model: B2B; caters to farmers, agro-industries, and corporates.
- Footprint (India): 19 states and 3 union territories.
- Exports: UAE, Bangladesh, China, among others.
- Manufacturing: Three facilities in Jaipur, Rajasthan; integrated setup for scale and cost efficiency.
Analyst View
SEBI-registered analyst Aditya Hujband rates the IPO as “Apply”, citing a strong product mix, wide domestic reach,
growing exports, in-house R&D, backward integration, and compliance with international quality standards. The business
benefits from demand across both Kharif and Rabi seasons and long-standing B2B relationships.
Key Risks
- Seasonality in agriculture cycles.
- Regulatory changes in agrochemicals.
- Competition from international firms.
- Foreign exchange fluctuations.
- High working capital requirements.
- Exposure to export markets.
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