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Advance Agrolife IPO
Price Band
₹95.0–100.0
Issue Size
₹192.86 Cr
Lot Size
150 shares
Min Investment
₹15,000
GMP
+₹13.0 (13.0%)
Issue Price
₹100.0
Subject to Sauda
₹1500
Paid only if allotted
Advance Agrolife IPO AI Summary
- Advance Agrolife IPO is listed on BSE, NSE in the Pesticides & Agrochemicals sector.
- Price band: ₹95.0–₹100.0 per share, lot size 150 shares (min. investment ₹15,000).
- Subscription window: 30 Sep–03 Oct 2025, listing on 08 Oct 2025.
- Current GMP is +₹13.0 (13.0%), an estimated listing price of ₹113 — unofficial and can change daily.
Advance Agrolife Limited is an agrochemical manufacturer with a diverse product range and a strong market presence. The company is looking to raise funds through its IPO to support working capital and other corporate purposes. With a reasonable P/E ratio compared to its peers, it presents a potential investment opportunity for those willing to navigate the associated risks.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Advance Agrolife IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 03 Oct 2025 — not a current signal.
2 of 2 reviewers say Neutral
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Advance Agrolife IPO Grey Market Premium (GMP) Today
GMP
+₹13.0
GMP %
+13.0%
Est. Listing
₹113.0
Updated: 25 Jul 2026 14:15
About the 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
Company Financials (₹ Cr)
As of 2025-03-31
| 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 |
Key Ratios
EPS
₹5.70
NAV
₹22.42
ROE
25.42%
ROCE
27.02%
RoNW
29.11%
P/B Value
5.98
P/E Ratio
17.55
Market Cap
₹642.86 Cr
PAT Margin
5.10%
Debt/Equity
0.80
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Sharda Cropchem Limited | 277.21 | 12.85% | 30.33 | 33.74 | 33.74 |
| Pi Industries Limited | 668.22 | 17.58% | 34.29 | 109.44 | 109.22 |
| Heranba Industries Limited | 210.15 | 0.37% | — | 0.77 | 0.77 |
| Insecticides (india) Limited | 372.74 | 13.55% | 16.99 | 48.38 | 48.38 |
| Dharmaj Crop Guard Limited | 116.7 | 9.24% | 34.6 | 10.68 | 10.3 |
| Advance Agrolife Ltd. This IPO | 22.42 | 29.11% | — | 5.7 | 5.7 |
Promoters
Om Prakash Choudhary, Kedar Choudhary, Manisha Choudhary and Geeta Choudhary
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding working capital requirements of the Company 135.00 2 General Corporate Purposes 34.09 3 Issue Expenses 23.76 Total 192.84
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹397.97 Cr in the year ending 31 Mar 2023, rising to ₹457.21 Cr by 31 Mar 2024, and further increasing to ₹502.88 Cr by 31 Mar 2025.
Profit Trend
Profit after tax was ₹14.87 Cr in the year ending 31 Mar 2023, increasing to ₹24.73 Cr by 31 Mar 2024, and further rising to ₹25.64 Cr by 31 Mar 2025.
Valuation
At the issue price of ₹100, Advance Agrolife's implied P/E ratio is approximately 17.55 times its earnings per share of ₹5.70. This is compared to peers with P/E ratios ranging from 16.99 to 34.29.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing gain of an IPO based on unofficial trading before the stock is listed on the exchange. A positive GMP suggests that the stock may list at a premium to its issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential, market position, and financial health.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable, established companies may want to avoid IPOs like this, which can be more volatile and subject to market fluctuations.
IPO Timeline, Explained
The IPO opens for subscription on 30 September 2025 and closes on 3 October 2025. Allotment of shares will be done on 6 October 2025, and the shares are expected to be listed on the exchange on 8 October 2025.
Listing Gains — The Risk
Listing gains are not guaranteed and depend on market conditions at the time of listing. Investors should be aware that the stock price may fluctuate significantly on the first day of trading.
This evaluation is generated from Advance Agrolife's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Advance Agrolife IPO GMP today?
Advance Agrolife IPO GMP today is +₹13.0 (13.0%), indicating an estimated listing price of ₹113. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Advance Agrolife IPO?
The price band of Advance Agrolife IPO is ₹95.0–₹100.0 per share.
When does Advance Agrolife IPO open and close?
Advance Agrolife IPO opens on 30 September 2025 and closes on 03 October 2025.
When does Advance Agrolife IPO list on the stock exchange?
Advance Agrolife IPO listed on 08 October 2025 at ₹113.0.
What is the lot size for Advance Agrolife IPO?
The lot size for Advance Agrolife IPO is 150 shares, requiring a minimum investment of ₹15,000.
What is the price band for the IPO?
The price band for the IPO is ₹95.0 to ₹100.0.
What is the minimum investment required?
The minimum investment required is ₹15,000.
What is the lot size for this IPO?
The lot size for this IPO is 150 shares.
When does the IPO open and close?
The IPO opens on 30 September 2025 and closes on 3 October 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing gain of an IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
30 Sep 2025
Close
03 Oct 2025
Allotment
06 Oct 2025
Listing
08 Oct 2025
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