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Advance Agrolife IPO is a bookbuilt issue of Rs 192.86 crore. This issue is entirely a fresh issue of 1.93 crore shares with no offer for sale.
The IPO opens for subscription on September 30, 2025, and closes on October 3, 2025. The allotment is expected to be finalized on Monday, October 6, 2025. The price band for the IPO is set at ₹95 to ₹100 per share, and the minimum lot size for an application is 150 shares.
Company Summary
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.
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 the 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.
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.
Company Strengths
- Established, integrated manufacturing setup at a strategic location
- Diversified product portfolio of agrochemical products.
- Established customer base and strong relationships.
- Strong Promoters and an experienced management team.
- Track Record of healthy growth
Company Financials
| 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 | 50.6 |
| Reserves and Surplus | 55.87 | 70.76 | 46.1 |
| Total Borrowing | 80.45 | 45.46 | 25.29 |
| Amount in ₹ Crore | |||
Objectives of IPO
- Funding the Working Capital requirements of the Company
- General corporate purposes
Promoters of the company
Om Prakash Choudhary, Kedar Choudhary, Manisha Choudhary, and Geeta Choudhary are the company promoters.
IPO Details
| IPO Date | September 30, 2025 to October 3, 2025 |
| Listing Date | October 8, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹95 to ₹100 per share |
| Lot size | 150 shares |
| Total Issue size | 1,92,85,720 shares (aggregating upto ₹192.86 Cr ) |
| Issue type | Bookbuilding IPO |
| Listing at | NSE, BSE |
| Share Holding Pre Issue | 4,50,00,000 shares |
| Share Holding Post Issue | 6,42,85,720 shares |
Category Reservation Table
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
| Only RII | Upto Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Upto Rs 5 lakhs | Yes |
| Employee + RII/NII | 1. Employee limit: Upto Rs 5 lakhs (In certain cases, employees are given a discount if the bidding amount is upto Rs 2 Lakhs) 2. If applying as RII: Upto Rs 2 Lakhs 3. If applying as NII: sNII > Rs 2 Lakhs and upto Rs 10 Lakhs, and bNII > Rs 10 lakhs | Yes for Employee and RII/NII |
Lot Allocation Details
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 150 | ₹15,000.00 |
| Retail (Max) | 13 | 1,950 | ₹1,95,000.00 |
| S-HNI (Min) | 14 | 2,100 | ₹2,10,000.00 |
| S-HNI (Max) | 66 | 9,900 | ₹9,90,000.00 |
| B-HNI (Min) | 67 | 10,050 | ₹10,05,000.00 |
Allotment Schedule
| Basis of Allotment | Mon, 6 Oct, 2025 |
| Initiation of Refunds | Tue, 7 Oct, 2025 |
| Credit of Shares to Demat | Tue, 7 Oct, 2025 |
| Tentative Listing Date | Wed, 8 Oct, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 3, 2025 |
IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
Source – SEBI, Chittorgarh
To check allotment, click here
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