Advance Agrolife's IPO received an overwhelming response from investors, being subscribed 56.9 times. Shares with a value of ₹100 listed today on BSE at ₹113 and on NSE at ₹114, marking a 14% premium at debut. Out of the ₹392.86 crore raised through the IPO, ₹135 crore will be utilized for working capital and the remaining for general corporate purposes.
Advance Agrolife: whose IPO, for a company that sells fertilizer and pesticide products on a B2B basis, received an excellent response from investors, being subscribed 56.9 times. Under the IPO, 1.92 crore new shares with a face value of ₹100 were issued. Today, the company's shares listed on BSE at ₹113 and on NSE at ₹114, starting trading at a 14% premium. Of the ₹392.86 crore raised from the IPO, ₹135 crore will be spent on working capital and the rest on general corporate purposes.
Initial IPO Listing
Advance Agrolife shares debuted today on BSE at ₹113.00 and on NSE at ₹114.00. This provided IPO investors with an initial listing gain of 14 percent. However, after some time, the share price slightly fell to ₹109.00 on BSE. This means that IPO investors are now enjoying approximately 9 percent profit.
Utilization of Funds Raised from IPO
Advance Agrolife's IPO was worth ₹392.86 crore. The subscription was open between September 30 and October 3. In this IPO, the Qualified Institutional Buyers (QIB) portion was subscribed 27.31 times, the Non-Institutional Investors (NII) portion 175.30 times, the retail investors' portion 23.14 times, and the employees' portion 38.42 times.
The company issued a total of 1,92,85,720 new shares with a face value of ₹10. Of the funds raised through this IPO, ₹135.00 crore will be spent on working capital requirements, and the remaining amount will be utilized for general corporate purposes.
Company's Business and Expansion
Advance Agrolife was established in 2002. It manufactures agrochemical products and sells fertilizers and pesticides directly to corporate clients on a B2B basis. The company's business extends across 19 states and 3 Union Territories in India. Additionally, its products are supplied to UAE, Bangladesh, China, Hong Kong, Turkey, Egypt, Kenya, and Nepal.
The company's manufacturing facility is located in Jaipur, Rajasthan. Its primary objective is to produce high-quality agricultural products and deliver them to B2B customers.
Financial Performance
Advance Agrolife has consistently shown b financial performance. In Fiscal Year 2023, the company's net profit was ₹14.87 crore. This increased to ₹24.73 crore in the subsequent Fiscal Year 2024 and reached ₹25.64 crore in Fiscal Year 2025. During this period, the company's total income grew at a Compound Annual Growth Rate (CAGR) of 12 percent, reaching ₹502.88 crore.
The company's debt has also increased. At the end of Fiscal Year 2023, the debt stood at ₹25.29 crore, which rose to ₹45.46 crore in Fiscal Year 2024 and ₹80.45 crore in Fiscal Year 2025. Regarding reserves and surplus, it was ₹46.10 crore at the end of Fiscal Year 2023, ₹70.76 crore in Fiscal Year 2024, and ₹55.87 crore in Fiscal Year 2025.
