Advance Agrolife IPO will open for subscription on September 30, 2025, and close on October 3, 2025. Incorporated in 2002, Advance Agrolife Limited is engaged in the manufacturing of a wide portfolio of agrochemical products that support the entire lifecycle of crops.
Its products cater to the cultivation of major cereals, vegetables, and horticultural crops across both the Kharif and Rabi seasons in India. It primarily operates on a B2B model, supplying products directly to corporate customers.
Let’s understand all the Advance Agrolife IPO details, including issue size, proceeds usage, financials, peers, and risk factors.
Advance Agrolife IPO Date
The key pointers for the Advance Agrolife IPO dates are:
- Bidding Opening Date: September 30, 2025
- Bidding Closing Date: October 3, 2025
- Allotment Date: October 6, 2025
- Initiation of Refunds (in case of less or no allotment): October 7, 2025
- Shares Credited to Your Demat Account: October 7, 2025
- IPO Listing Date: October 8, 2025
- Listing on Exchange: BSE and NSE
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Advance Agrolife: IPO Issue Size
Advance Agrolife IPO valuation, as denoted by the market capitalisation, stood at ₹642.86 crores. Here are the essential details:
- Advance Agrolife IPO Price Band: ₹95 to ₹100 per share
- Lot Size: 150 Shares
- Total Issue Size and Amount: 1.92 crore shares (aggregating up to ₹192.86 crores)
- Fresh Issue Size and Amount: 1.92 crore shares (aggregating up to ₹192.86 crores)
Advance Agrolife IPO Proceeds Usage
The net proceeds from the Advance Agrolife IPO are proposed to be utilised for the following purposes:
- Funding working capital requirements: A major portion of the funds will be deployed towards meeting the company’s working capital needs. This will ensure sufficient liquidity to support day-to-day operations, strengthen supply chain management, and facilitate uninterrupted production and distribution activities.
- General corporate purposes: The remaining funds will be applied towards general business needs, including strategic initiatives, enhancing operational flexibility, supporting growth plans, and meeting other corporate priorities as determined by the management.
Advance Agrolife IPO Reservations
Advance Agrolife IPO reservations to different investors are:
- For QIBs: Not more than 50% the Net Issue
- For NIIs: Not less than 15% of the Net Issue
- For Retail Investors: Not less than 35% of the Net Issue
Advance Agrolife IPO Lot Size
Advance Agrolife IPO lot size is 150 shares, wherein bidding can be done in multiples. The minimum amount that each category of investor needs to bid in this IPO is:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 150 | ₹15,000 |
| S-HNI (Min) | 14 | 2,100 | ₹2,10,000 |
| B-HNI (Min) | 67 | 10,050 | ₹10,05,000 |
Advance Agrolife IPO Details: Promoter Holding
Om Prakash Choudhary, Kedar Choudhary, Manisha Choudhary, and Geeta Choudhary are the company promoters.
Advance Agrolife Limited: Company Overview
Advance Agrolife Limited, incorporated in 2002, is engaged in the manufacturing of a diverse range of agrochemical products that support the entire lifecycle of crops. Its offerings are widely used in the cultivation of cereals, vegetables, and horticultural crops during both the Kharif and Rabi seasons across India.
The company primarily operates on a B2B model, selling directly to corporate customers such as DCM Shriram Limited, Indogulf Cropsciences Limited, Mankind Agritech Private Limited, ULink AgriTech Private Limited, etc.
Domestically, it serves clients across 19 states and 3 union territories, while internationally, it exports to 7 countries, such as the UAE, Bangladesh, China (including Hong Kong), Turkey, Egypt, Kenya, and Nepal.
Product Portfolio
The company’s portfolio includes insecticides, herbicides, fungicides, and plant growth regulators, along with micro-nutrient fertilizers and bio-fertilizers.
It also manufactures technical-grade products, which serve as raw active ingredients for producing agrochemical formulations such as pesticides, herbicides, fungicides, and fertilizers.
Manufacturing Unit
The company operates three manufacturing facilities in Jaipur, Rajasthan, strategically located to support production and distribution. These include Facility I in Bagru and Facilities II and III in Dahami Khurd.
As of July 15, 2025, Advance Agrolife employed 543 permanent staff, comprising both skilled and unskilled workers, ensuring a robust workforce to manage its operations.
Key Strengths
Its competitive strengths lie in its integrated manufacturing setup at a strategic location, a diverse product portfolio, and an established customer base with long-standing relationships.
The business also benefits from the guidance of strong promoters and an experienced management team, along with a proven track record of healthy growth over the years.
Advance Agrolife Limited: Financial Performance
Advance Agrolife Limited’s key financials for different periods are as follows:
| Particulars (in ₹ Crore) | 31 Mar 2025 | 31 Mar 2024 | YoY Change |
|---|---|---|---|
| Total Income | 502.88 | 457.21 | 10% |
| Profit After Tax (PAT) | 25.64 | 24.73 | 4% |
| EBITDA | 48.25 | 40.21 | 20% |
| Net Worth | 100.87 | 75.26 | 34% |
| Assets | 351.47 | 259.56 | 35% |
| Total Borrowing | 80.45 | 45.46 | 77% |
- Revenue Growth: Total income rose 10%, from ₹457.21 crore in FY24 to ₹502.88 crore in FY25, supported by demand across agrochemical products.
- Profitability: PAT grew 4%, reaching ₹25.64 crore in FY25 from ₹24.73 crore in FY24, reflecting steady but moderate earnings growth.
- EBITDA Performance: EBITDA improved by 20%, from ₹40.21 crore in FY24 to ₹48.25 crore in FY25, indicating stronger operating efficiency.
- Net Worth: Net worth expanded by 34%, climbing from ₹75.26 crore in FY24 to ₹100.87 crore in FY25, backed by consistent growth.
- Asset Base: Total assets increased by 35%, from ₹259.56 crore in FY24 to ₹351.47 crore in FY25, showing expansion of operations and investments.
- Debt Position: Borrowings rose significantly by 77%, from ₹45.46 crore in FY24 to ₹80.45 crore in FY25, indicating greater reliance on external funding for growth.
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- 20 Lac+ unique clients
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Advance Agrolife IPO: Peer Comparison
Here is the peer comparison table for Advance Agrolife Limited with its listed peers:
| Company Name (FY25) | EPS (Basic ₹) | P/E (x) | RoNW (%) |
|---|---|---|---|
| Advance Agrolife Limited | 5.70 | 17.55 | 29.11 |
| Dharmaj Crop Guard Limited | 10.68 | 34.60 | 9.24 |
| Insecticides India Limited | 48.38 | 16.99 | 13.55 |
| PI Industries Limited | 109.44 | 34.29 | 17.58 |
| Sharda Cropchem Limited | 33.74 | 30.33 | 12.85 |
- EPS: Advance Agrolife reported ₹5.70 per share, which is lower compared to some peers, reflecting its smaller scale.
- P/E Ratio: With a P/E of 17.55, Advance Agrolife is well below the industry average of 25.79, indicating it may be undervalued relative to peers.
- RoNW: The company delivers a strong 29.11% return on net worth, outperforming many industry peers, showing efficient use of shareholder capital.
Advance Agrolife IPO Risk Factors
Advance Agrolife IPO GMP is ₹10 as of September 26, 2025 (at 14:33). It is expected to list at a 10% gain at a price of ₹110. However, GMP is not a safe or assured criterion to bid for an IPO. It is important to do your own analysis before investing in any IPO.
Advance Agrolife IPO is exposed to various risk factors that can eventually affect its business and investors’ perception:
- Dependence on a limited customer base: A significant portion of Advance Agrolife’s revenue is derived from a small group of customers. Heavy reliance on these key accounts increases business vulnerability, as the loss of any major client or a reduction in order volumes could adversely impact the company’s revenue, cash flows, and overall financial performance.
- Geographical concentration risk: All of the company’s manufacturing facilities, along with its registered and corporate offices, are located in Jaipur, Rajasthan. This geographical concentration exposes operations to region-specific risks such as local disruptions, natural calamities, labour issues, or regulatory challenges, any of which could negatively affect production and business continuity.
- Reliance on a few raw material suppliers: The company depends on a limited number of suppliers for sourcing essential raw materials. Any disruption in supply, price fluctuations, or failure by these suppliers to deliver consistently could affect production schedules, increase costs, and have a direct impact on profitability.
- Compliance with stringent technical and quality standards: Advance Agrolife operates in a sector where products must meet strict technical specifications and quality benchmarks. Non-compliance or failure to maintain these standards could lead to rejection of products, loss of customer trust, damage to reputation, and ultimately a decline in business opportunities and financial performance.
For all the insights on Advance Agrolife IPO and detailed expert advice, you can download the SMC ACE App or visit the SMC telegram channels. Take smart decisions and apply for the Advance Agrolife IPO easily on the SMC ACE Apply by opening free demat account now.
Frequently Asked Questions – FAQs
1. What are the IPO dates for Advance Agrolife?
Advance Agrolife IPO will open for subscription on September 30, 2025, and close on October 3, 2025. The allotment is expected to be finalised on October 6, 2025, and the shares are scheduled to list on the BSE and NSE on October 8, 2025.
2. What is the price band and lot size for the Advance Agrolife IPO?
The IPO has a price band of ₹95 to ₹100 per share, with a minimum lot size of 150 shares. At the upper price band, retail investors must invest a minimum of ₹15,000.
3. What is the size and structure of the IPO?
The issue size is 1.92 crore shares, aggregating up to ₹192.86 crores. The IPO structure includes only a fresh issue component, and there is no offer for sale (OFS) in this issue.
4. How will the company use the IPO proceeds?
The net proceeds from the IPO will primarily be used to fund working capital requirements, while a portion will also be allocated for general corporate purposes.
5. Who are the promoters of Advance Agrolife?
The promoters of the company are Om Prakash Choudhary, Kedar Choudhary, Manisha Choudhary, and Geeta Choudhary, who play a key role in the company’s operations and strategic direction.
References:
https://www.sebi.gov.in/filings/public-issues/sep-2025/advance-agrolife-limited-rhp_96735.html
https://www.investorgain.com/gmp/advance-agrolife-ipo-gmp/1470/
Author: All Content is verified by SMC Global Securities.
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