eyepio

Advance Agrolife IPO

Advance Agrolife Limited · Agrochemicals

ListedMainboardNSEBSEBook builtFresh issue only
Issue price
₹100per share
Issue size
₹192.84 Cr1,92,85,720 shares
Face value
₹10per equity share
Lot size
150 sharesMin. ₹15,000 at the upper price
  1. Anchor bidding
    Mon, 2025
  2. Opens
    Tue, 2025
  3. Closes
    Fri, 2025
  4. Allotment
    Mon, 2025
  5. Listing
    Wed, 2025

Dates marked in the offer document as tentative. Times in IST.

Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.

Issue details

Issue type
Book built, fresh issue
Fresh issue
1,92,85,720 shares (₹192.84 Cr)
Offer for sale
None
Total issue
1,92,85,720 shares (₹192.84 Cr)
Face value
₹10
Listing at
NSE, BSE

Source: ProspectusUpdated

Reservation

Share of the total issue
  • Retail43.7%
  • Anchor37.4%
  • NII18.7%
  • Employees0.2%
CategorySharesOf net offerStated in RHP
Retail individual investors67,39,50243.66%35%
Non-institutional investors (NII)28,88,35818.71%15%
Qualified institutional buyers (QIB)96,27,86062.38%50%
Anchor investors57,76,71637.43%—
Employees30,0000.19%—

Source: ProspectusUpdated

Lot size

Amounts at ₹100 per share
CategoryLotsSharesAmount
Retail individual investors1150₹15,000

Source: ProspectusUpdated

Special quotas

Employees
₹5 discount per share

Source: ProspectusUpdated

Subscription

Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.

Valuation

Fiscal 2025
EPS (basic)
₹5.7
EPS (diluted)
₹5.7
P/E (Fiscal 2025 at cap price)
17.54×
RoNW
29.11%
NAV per share (Fiscal 2025 at cap price)
₹45.69
ROCE
27.02%
Debt to equity
0.80
EBITDA margin
9.61%
PAT margin
5.10%

Source: ProspectusUpdated

Financials

Standalone, restated · ₹ crore
RevenueProfit after tax
Period ended31 Mar 202512 months31 Mar 202412 months31 Mar 202312 months
Revenue from operations502.26455.90397.81
Total income502.88457.21397.97
EBITDA48.2540.2125.22
Profit after tax25.6424.7314.87
Net worth100.8775.2650.60
Reserves and surplus55.8770.7646.10
Total assets351.47259.56179.47
Total borrowing80.45——

12 months vs 12 months: revenue +10.2%, profit after tax +3.7%.

Source: ProspectusUpdated

About the company

The company manufactures and sells agrochemical products such as insecticides, herbicides, fungicides, plant growth regulators, micro-nutrient fertilizers and bio fertilizers, both technical and formulation grades. It sells mainly on a business-to-business basis to corporate customers across India and runs three manufacturing facilities in Jaipur, Rajasthan.

Incorporated
2002
Industry
Agrochemicals
CIN
U24121RJ2002PLC017467

Source: ProspectusUpdated

Promoters and shareholders

NameBefore issueAfter issue
Om Prakash Choudhary54.17%—
Kedar Choudhary36.05%—
Geeta Choudhary3.62%—
Manisha Choudhary3.28%—

Source: ProspectusUpdated

Objects of the issue

₹ crore
PurposeAmount
Funding working capital requirements135.00
General corporate purposes34.09

Source: ProspectusUpdated

Peer comparison

As listed in the offer document
CompanyEPSP/ERoNWNAV per share
Advance Agrolife LimitedIssuer₹5.717.54×29.11%₹22.42
Dharmaj Crop Guard Limited₹10.6834.60×9.24%₹116.7
Insecticides India Limited₹48.3816.99×13.55%₹372.74
Heranba Industries Limited₹0.77—0.37%₹210.15
PI Industries Limited₹109.4434.29×17.58%₹668.22
Sharda Cropchem Limited₹33.7430.33×12.85%₹277.21

Source: ProspectusUpdated

Strengths and risks

Our summary of what the offer document states

Strengths

  • Manufactures a broad range of crop protection products with over 400 registrations.
  • Operates three integrated manufacturing facilities in Jaipur with a stated installed capacity of about 89,900 MTPA.
  • Has grown revenue from operations steadily across the last three fiscals.
  • Serves a large base of corporate customers on a B2B basis.

Risks

  • Revenue depends on government agriculture policy, farmer subsidies and farmer incomes.
  • Some products in the portfolio face a proposed government ban, affecting a sizeable share of revenue.
  • Operations and customers are concentrated in India, with limited export diversification and exposure to geopolitical risk.
  • Relies heavily on borrowings and extended receivable cycles, with high working capital needs.
  • Proceeds of the issue are earmarked for working capital and general purposes, with no independent appraisal of the funding plan.

Source: ProspectusUpdated

Contacts

Lead manager
Choice Capital Advisors Private Limited
SEBI INM000011872
Company
Advance Agrolife Limited
cs@advanceagrolife.com
+91 0141 4810 126

Source: ProspectusUpdated

Allotment status

Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.

Allotment
Refunds
Demat credit
Listing

Source: ProspectusUpdated

After listing

Listing price, day-one high and low, and the change from the issue price (₹100) appear here after the shares list on NSE and BSE.

Work out the gain or loss on allotted shares after charges and tax →

Frequently asked questions

When does the Advance Agrolife IPO open and close?

According to the Prospectus, the issue opens on Tuesday, 30 September 2025 and closes on Friday, 3 October 2025.

What is the Advance Agrolife IPO price band?

The final issue price is ₹100 per share.

What is the lot size of the Advance Agrolife IPO?

One lot is 150 shares, which is ₹15,000 at ₹100 per share.

Where will Advance Agrolife shares list?

On NSE and BSE. The tentative listing date is Wednesday, 8 October 2025.

Who is the registrar of the issue?

KFin Technologies Limited (SEBI registration INR000000221). Allotment status is checked on the registrar's website.

How do I check the Advance Agrolife IPO allotment status?

The basis of allotment is expected to be finalised on Monday, 6 October 2025. After that, search by PAN, application number or DP/client ID on the registrar's website (KFin Technologies Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.

How will the money raised be used?

₹135 Cr for funding working capital requirements, ₹34.09 Cr for general corporate purposes.

Spotted something wrong?

Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.