Advance Agrolife IPO: On October 3, the agrochemicals firm located in Rajasthan will conclude its first public offering.
Today, September 30, is the day when Advance Agrolife, a maker of agrochemicals located in Rajasthan, will put its IPO up for public bidding. Through its IPO, the firm hopes to raise Rs 193 crore.
On October 3, Advance Agrolife’s first public offering will end.
IPO GMP for Advance Agrolife
According to statistics on Investorgain, the Chennai-based company’s shares were trading at a grey market premium (GMP) of around 15% above the IPO price prior to listing.
The company’s shares were selling at a GMP of around 10% above the issue price, according to IPO Watch.
Important information about Advance Agrolife’s IPO
Advance Agrolife started its initial public offering (IPO) with the goal of raising a total of Rs 193 crore by issuing 1.93 crore new equity shares. The offer’s price range is Rs 95–100 per share.
A minimum of 150 shares are up for bid, and at the top price range, investors must deposit Rs 15,000; beyond that, they may bid in multiples. The shares are expected to be offered on stock markets on October 8 after the allocations are probably confirmed by October 6.
Using Rs 135 crore of the IPO proceeds, Advance Agrolife, which produces and distributes pesticides, herbicides, fungicides, and plant growth regulators to corporate clients domestically, would use the remaining sum for general business objectives and to meet its working capital needs in FY26–FY27.
With the IPO debut, the company’s worth was Rs 643 crore. In the fiscal year that ended in March 2025, it declared a profit of Rs 25.6 crore, up 3.66 percent from Rs 24.7 crore in the previous fiscal year. In the same fiscal quarters, revenue increased from Rs 455.9 crore to Rs 502.3 crore, a 10.2 percent increase.
Listed competitors of Advance Agrolife include Sharda Cropchem, Heranba Industries, PI Industries, Dharmaj Crop Guard, and Insecticides India. Choice Capital Advisors is the merchant banker overseeing the Advance Agrolife initial public offering.
Check out all of the IPO news here.
Is it advisable to subscribe to Advance Agrolife?
In its most recent initial public offering (IPO) letter, SBI Securities suggested giving the issue a “Neutral” rating. The analysts also took notice of the concerns’ main features, such as their well-established clientele, varied product line, and integrated production facilities.
“The company’s operation is reliant on government policies and regulations, including subsidies and incentives granted to farmers, thus any detrimental changes in government laws may have a severe effect on the firm,” the analysts said, highlighting the main risks. Additionally, failure to achieve quality standards set by regulatory bodies in India or abroad might negatively affect the company. In FY25, AAL’s debtor days climbed from 78 days in FY23 to 111 days; any inability to collect trade receivables might negatively affect the company.