Summary of this article
Advance Agrolife IPO: On the first day of subscription, the Advance Agrolife IPO was booked 28 per cent across categories, receiving applications for more than 3.76 million shares compared to the 13.5 million shares on offer
Advance Agrolife IPO: Advance Agrolife Ltd's subscription window opened on September 30. The agrochemical product maker's public issue saw marginal investor interest on the first day of subscription. Here are some key details that applicants should know before applying for the Advance Agrolife IPO:
Advance Agrolife IPO GMP
Advance Agrolife shares are commanding a grey market premium of Rs 15 over the upper end of the price band of the public issue. Based on the GMP the stock is likely to list at Rs 115 per share with a premium of 15 per cent.
Advance Agrolife IPO Subscription
On the first day of subscription, the Advance Agrolife IPO was booked 28 per cent across categories, receiving applications for more than 3.76 million shares compared to the 13.5 million shares on offer.
Retail individual investors applied for 2.81 million shares of the agrochemical product maker against the 6.73 million shares reserved for the category, leading to the issue being booked 42 per cent in the retail category on the first day of subscription.
Qualified institutional buyers have placed no bids for the public issue compared to the 3.85 million shares set aside for the category. Non-institutional investors placed bids for more than 9,17,100 shares of Advance Agrolife Ltd compared to the 2.88 million shares set aside for them. Advance Agrolife IPO was subscribed 32 per cent in the NII category.
Employees of the agrochemical product maker booked their quota in the public issue 83 per cent by applying for 24,900 shares compared to the 30,000 shares reserved for them.
Advance Agrolife IPO Offer Size, Listing Date, Price Band
Advance Agrolife IPO issue size amounts to Rs 192.86 crore. The agrochemical product manufacturer's public issue includes a fresh issuance of 19.3 million shares.
Advance Agrolife IPO price band has been fixed at Rs 95 to Rs 100 per share. Retail Individual Investors (RIIs) can apply for the agrochemical product manufacturer's public issue by applying for at least 150 shares or one lot aggregating to an investment of Rs 15,000.
Advance Agrolife will declare the share allotment status for its public issue on October 6. Successful applicants will receive shares of Advance Agrolife in their demat accounts on October 7. Shares of Advance Agrolife will tentatively list on the BSE and NSE. Advance Agrolife Ltd shares will tentatively be listed on October 8.
Advance Agrolife: Key Financials
In the fiscal year ending March 31, 2025, Advance Agrolife's total income stood at Rs 502.88 crore, rising by nearly 10 per cent compared to Rs 457.21 crore in the preceding fiscal. The profit-after-tax of the company for the fiscal year under review grew by over 3 per cent to Rs 25.64 crore compared to Rs 24.73 crore in the preceding fiscal. Advance Agrolife's net worth also increased by more than 34 per cent to Rs 100.87 crore in the fiscal year ended March 31, 2025, compared to Rs 75.26 crore in the financial year ended March 31, 2024.
Advance Agrolife IPO: Reservation
As much as 49.92 per cent of Advance Agrolife IPO's net issue size has been set aside for the qualified institutional buyer category. The company has reserved 14.98 per cent of the net issue for non-institutional investors, 34.95 per cent of the net issue has been set aside for retail investors. As much as 0.16 per cent of the net issue has been kept aside for employees of the company.
Advance Agrolife IPO: Registrar
The book running lead manager for Advance Agrolife IPO is Choice Capital Advisors Pvt.Ltd. and the registrar for the agrochemical product maker's issue is Kfin Technologies Ltd.
Advance Agrolife: Promoters
Advance Agrolife's promoters include Om Prakash Choudhary, Kedar Choudhary, Manisha Choudhary and Geeta Choudhary. The promoters of the company held 99.84 per cent stake in the company prior to the issue.
Advance Agrolife IPO: Objective
Advance Agrolife will use the proceeds of the public issue for funding its working capital requirements and fulfilling its general corporate purposes.
About Advance Agrolife Ltd
Advance Agrolife Ltd is a manufacturer of a diverse range of agrochemical goods which are used across the life cycle of crops. The product portfolio of the company includes fertilizers, insecticides, herbicides and technical grade products used in the agricultural industry.
