Advance Agrolife's public issue opened on September 30 and was subscribed 56.90 times by October 3. Now, its IPO allotment is being finalized on October 6. Investors can check their allotment status by visiting the Kfin Technologies and BSE websites. The shares are likely to be listed on October 8.
Advance Agrolife IPO Allotment: Advance Agrolife's public issue, worth 192.86 crore rupees, opened on September 30 and was subscribed 56.90 times by October 3. The company raised 57.77 crore rupees from anchor investors before the IPO. 1.93 crore new shares were issued. The allotment is now being finalized on October 6, and investors can check the status on the Kfin Technologies or BSE websites. The shares are likely to be listed on BSE and NSE on October 8.
Details of IPO Subscription
In Advance Agrolife's IPO, the reserved portions for different categories of investors were subscribed as follows: the portion reserved for Qualified Institutional Buyers was subscribed 27.31 times, for Non-Institutional Investors 175.30 times, for Retail Investors 23.14 times, and for employees 38.42 times. Before the IPO, the company raised 57.77 crore rupees from anchor investors. A total of 1.93 crore new shares were issued.
How to Check IPO Allotment
Those who applied for Advance Agrolife's IPO can check their allotment status by visiting the Kfin Technologies and BSE websites.
Check via Kfin Technologies:
- Go to https://ipostatus.kfintech.com/.
- Select Advance Agrolife in the IPO section.
- Choose either Application Number, PAN, or Demat Account and enter the details.
- Click on the 'Submit' button.
Check via BSE:
- Go to https://www.bseindia.com/investors/appli_check.aspx .
- Select 'Equity' as the issue type.
- From the dropdown menu, select Advance Agrolife IPO.
- Enter your Application Number or PAN details.
- Enter the 'Captcha' and click on the 'Search' button.
Indications from Grey Market
Advance Agrolife's shares also showed enthusiasm in the grey market. Even before listing, the shares are trading at a premium of 20 rupees or 20 percent. The grey market is an unofficial market where a company's shares are traded until its official listing. This premium gives investors an estimate of the potential profit they might gain upon listing.
Company's Financial Performance
Advance Agrolife's revenue for FY2025 was 502.88 crore rupees, compared to 457.21 crore rupees in the previous year. Its net profit increased by 4 percent to 25.64 crore rupees, whereas it was 24.73 crore rupees in FY2024. In FY2025, the company had borrowings of 80.45 crore rupees.
Utilization of Funds Raised from IPO
The company will utilize the funds raised from the IPO for its working capital requirements and general corporate purposes. This will provide financial strength for the company's growth plans and operations to investors.
Company Promoters
The promoters of Advance Agrolife include Om Prakash Choudhary, Kedar Choudhary, Manisha Choudhary, and Geeta Choudhary. Their objective is to ensure the company's expansion and stable returns for investors.
