Advance Agrolife IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Sep 30 to Oct 03 2025
Price Band
₹95 - 100
Current GMP
₹114.0 (+14%)
Subscription
56.90 times
IPO Details
| IPO Date | September 30, 2025 to October 3, 2025 |
| Listing Date | October 8, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹95 to ₹100 per share |
| Issue Price Final | ₹100 per share |
| Lot Size | 150 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,92,85,720 shares (aggregating up to ₹192.86 Cr) |
| Employee Discount | ₹5.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 4,50,00,000 shares |
| Share Holding Post Issue | 6,42,85,720 shares |
IPO Date
September 30, 2025 to October 3, 2025
Listing Date
October 8, 2025
Face Value
₹10 per share
Issue Price Band
₹95 to ₹100 per share
Issue Price Final
₹100 per share
Lot Size
150 Shares
Sale Type
Fresh Capital
Total Issue Size
1,92,85,720 shares (aggregating up to ₹192.86 Cr)
Employee Discount
₹5.00
Issue Type
Bookbuilding IPO
Listing At
BSE, NSE
Share Holding Pre Issue
4,50,00,000 shares
Share Holding Post Issue
6,42,85,720 shares
IPO Subscription Details
| Anchor Investors | 1 |
| QIB (Ex Anchor) | 27.31 |
| Non-Institutional Buyers | 175.30 |
| bNII (bids above ₹10L) | 202.06 |
| sNII (bids below ₹10L) | 121.77 |
| Retail Investors | 23.14 |
| Employees | 38.42 |
| Total ** | 56.90 |
Anchor Investors
1
QIB (Ex Anchor)
27.31
Non-Institutional Buyers
175.30
bNII (bids above ₹10L)
202.06
sNII (bids below ₹10L)
121.77
Retail Investors
23.14
Employees
38.42
Total **
56.90
Day Wise Sub
| Day | QIB (Ex Anchor) | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | EMP | Total |
|---|---|---|---|---|---|---|---|
| Day 1 Sep 30, 2025 | 0.00 | 0.61 | 0.67 | 0.47 | 0.58 | 1.20 | 0.42 |
| Day 2 Oct 1, 2025 | 3.50 | 1.22 | 1.28 | 1.08 | 1.22 | 2.48 | 1.87 |
| Day 3 Oct 3, 2025 | 27.31 | 175.30 | 202.06 | 121.77 | 23.14 | 38.42 | 56.90 |
DayDay 1
Sep 30, 2025
QIB (Ex Anchor)0.00
NII0.61
NII (> ₹10L)0.67
NII (< ₹10L)0.47
Retail0.58
EMP1.20
Total0.42
DayDay 2
Oct 1, 2025
QIB (Ex Anchor)3.50
NII1.22
NII (> ₹10L)1.28
NII (< ₹10L)1.08
Retail1.22
EMP2.48
Total1.87
DayDay 3
Oct 3, 2025
QIB (Ex Anchor)27.31
NII175.30
NII (> ₹10L)202.06
NII (< ₹10L)121.77
Retail23.14
EMP38.42
Total56.90
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 08-10-2025 | 100.00 | 13(13.00%) | 113 |
| 07-10-2025 | 100.00 | 13(13.00%) | 113 |
| 06-10-2025 | 100.00 | 20(20.00%) | 120 |
| 05-10-2025 | 100.00 | 20(20.00%) | 120 |
| 04-10-2025 | 100.00 | 20(20.00%) | 120 |
| 03-10-2025 | 100.00 | 14.5(14.50%) | 114.5 |
| 02-10-2025 | 100.00 | 15(15.00%) | 115 |
| 01-10-2025 | 100.00 | 12(12.00%) | 112 |
| 30-09-2025 | 100.00 | 5(5.00%) | 105 |
| 29-09-2025 | 100.00 | 15(15.00%) | 115 |
| 28-09-2025 | 100.00 | 10(10.00%) | 110 |
| 27-09-2025 | 100.00 | 10(10.00%) | 110 |
| 26-09-2025 | 100.00 | 10(10.00%) | 110 |
| 25-09-2025 | 100.00 | 10(10.00%) | 110 |
| 24-09-2025 | 100.00 | 0(0.00%) | 100 |
| 23-09-2025 | 100.00 | 0(0.00%) | 100 |
Date08-10-2025
Price100.00
GMP13(13.00%)
Estimate List Price113
Date07-10-2025
Price100.00
GMP13(13.00%)
Estimate List Price113
Date06-10-2025
Price100.00
GMP20(20.00%)
Estimate List Price120
Date05-10-2025
Price100.00
GMP20(20.00%)
Estimate List Price120
Date04-10-2025
Price100.00
GMP20(20.00%)
Estimate List Price120
Date03-10-2025
Price100.00
GMP14.5(14.50%)
Estimate List Price114.5
Date02-10-2025
Price100.00
GMP15(15.00%)
Estimate List Price115
Date01-10-2025
Price100.00
GMP12(12.00%)
Estimate List Price112
Date30-09-2025
Price100.00
GMP5(5.00%)
Estimate List Price105
Date29-09-2025
Price100.00
GMP15(15.00%)
Estimate List Price115
Date28-09-2025
Price100.00
GMP10(10.00%)
Estimate List Price110
Date27-09-2025
Price100.00
GMP10(10.00%)
Estimate List Price110
Date26-09-2025
Price100.00
GMP10(10.00%)
Estimate List Price110
Date25-09-2025
Price100.00
GMP10(10.00%)
Estimate List Price110
Date24-09-2025
Price100.00
GMP0(0.00%)
Estimate List Price100
Date23-09-2025
Price100.00
GMP0(0.00%)
Estimate List Price100
IPO Important Dates
| IPO Open Date | Tue, Sep 30, 2025 |
| IPO Close Date | Fri, Oct 3, 2025 |
| Tentative Allotment | Mon, Oct 6, 2025 |
| Initiation of Refunds | Tue, Oct 7, 2025 |
| Credit of Shares to Demat | Tue, Oct 7, 2025 |
| Tentative Listing Date | Wed, Oct 8, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Oct 3, 2025 |
IPO Open Date
Tue, Sep 30, 2025
IPO Close Date
Fri, Oct 3, 2025
Tentative Allotment
Mon, Oct 6, 2025
Initiation of Refunds
Tue, Oct 7, 2025
Credit of Shares to Demat
Tue, Oct 7, 2025
Tentative Listing Date
Wed, Oct 8, 2025
Cut-off time for UPI mandate confirmation
5 PM on Fri, Oct 3, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 150 | ₹15,000 |
| Retail (Max) | 13 | 1,950 | ₹1,95,000 |
| S-HNI (Min) | 14 | 2,100 | ₹2,10,000 |
| S-HNI (Max) | 66 | 9,900 | ₹9,90,000 |
| B-HNI (Min) | 67 | 10,050 | ₹10,05,000 |
ApplicationRetail (Min)
Lots1
Shares150
Amount₹15,000
ApplicationRetail (Max)
Lots13
Shares1,950
Amount₹1,95,000
ApplicationS-HNI (Min)
Lots14
Shares2,100
Amount₹2,10,000
ApplicationS-HNI (Max)
Lots66
Shares9,900
Amount₹9,90,000
ApplicationB-HNI (Min)
Lots67
Shares10,050
Amount₹10,05,000
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| 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 |
Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 2025351.47
31 Mar 2024259.56
31 Mar 2023179.47
Period EndedTotal Income
31 Mar 2025502.88
31 Mar 2024457.21
31 Mar 2023397.97
Period EndedProfit After Tax
31 Mar 202525.64
31 Mar 202424.73
31 Mar 202314.87
Period EndedEBITDA
31 Mar 202548.25
31 Mar 202440.21
31 Mar 202325.22
Period EndedNET Worth
31 Mar 2025100.87
31 Mar 202475.26
31 Mar 202350.60
Period EndedReserves and Surplus
31 Mar 202555.87
31 Mar 202470.76
31 Mar 202346.10
Period EndedTotal Borrowing
31 Mar 202580.45
31 Mar 202445.46
31 Mar 202325.29
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|---|
| Advance Agrolife Ltd. | 5.70 | 5.70 | 22.42 | 29.11 | 4.55 | |
| Dharmaj Crop Guard Limited | 10.68 | 10.30 | 116.70 | 34.60 | 9.24 | |
| Insecticides (india) Limited | 48.38 | 48.38 | 372.74 | 16.99 | 13.55 | |
| Heranba Industries Limited | 0.77 | 0.77 | 210.15 | 0.37 | ||
| Pi Industries Limited | 109.44 | 109.22 | 668.22 | 34.29 | 17.58 | |
| Sharda Cropchem Limited | 33.74 | 33.74 | 277.21 | 30.33 | 12.85 |
Company NameAdvance Agrolife Ltd.
EPS (Basic)5.70
EPS (Diluted)5.70
NAV (per share) (Rs)22.42
P/E (x)
RoNW (%)29.11
P/BV Ratio4.55
Company NameDharmaj Crop Guard Limited
EPS (Basic)10.68
EPS (Diluted)10.30
NAV (per share) (Rs)116.70
P/E (x)34.60
RoNW (%)9.24
P/BV Ratio
Company NameInsecticides (india) Limited
EPS (Basic)48.38
EPS (Diluted)48.38
NAV (per share) (Rs)372.74
P/E (x)16.99
RoNW (%)13.55
P/BV Ratio
Company NameHeranba Industries Limited
EPS (Basic)0.77
EPS (Diluted)0.77
NAV (per share) (Rs)210.15
P/E (x)
RoNW (%)0.37
P/BV Ratio
Company NamePi Industries Limited
EPS (Basic)109.44
EPS (Diluted)109.22
NAV (per share) (Rs)668.22
P/E (x)34.29
RoNW (%)17.58
P/BV Ratio
Company NameSharda Cropchem Limited
EPS (Basic)33.74
EPS (Diluted)33.74
NAV (per share) (Rs)277.21
P/E (x)30.33
RoNW (%)12.85
P/BV Ratio
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 96,27,860 (49.92%) | NA |
| − Anchor Investor Shares Offered | 57,76,716 (29.95%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 38,51,144 (19.97%) | NA |
| NII (HNI) Shares Offered | 28,88,358 (14.98%) | NA |
| − bNII > ₹10L | 19,25,572 (9.98%) | 916 |
| − sNII < ₹10L | 9,62,786 (4.99%) | 458 |
| Retail Shares Offered | 67,39,502 (34.95%) | 44,930 |
| Employee Shares Offered | 30,000 (0.16%) | NA |
| Total Shares Offered | 1,92,85,720 (100.00%) |
Investor CategoryQIB Shares Offered
Shares Offered96,27,860 (49.92%)
Maximum AllotteesNA
Investor Category− Anchor Investor Shares Offered
Shares Offered57,76,716 (29.95%)
Maximum AllotteesNA
Investor Category− QIB (Ex. Anchor) Shares Offered
Shares Offered38,51,144 (19.97%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered28,88,358 (14.98%)
Maximum AllotteesNA
Investor Category− bNII > ₹10L
Shares Offered19,25,572 (9.98%)
Maximum Allottees916
Investor Category− sNII < ₹10L
Shares Offered9,62,786 (4.99%)
Maximum Allottees458
Investor CategoryRetail Shares Offered
Shares Offered67,39,502 (34.95%)
Maximum Allottees44,930
Investor CategoryEmployee Shares Offered
Shares Offered30,000 (0.16%)
Maximum AllotteesNA
Investor CategoryTotal Shares Offered
Shares Offered1,92,85,720 (100.00%)
Maximum Allottees
Information about company
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.
Competitive 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
Objectives of IPO
The Company Advance Agrolife IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (₹ in crores)
1
Funding Working Capital requirements of the Company.
135.00
2
General corporate purposes.
34.09
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