Advance Agrolife Ltd is launching its Initial Public Offering (IPO) to raise capital primarily for Funding our working capital requirements. The IPO comprises a fresh issue of 1.93 crore shares worth Rs. 192.86 crore.
The Advance Agrolife Ltd IPO opens on September 30, 2025, and closes on October 3, 2025, with shares set to be listed on NSE and BSE on Wednesday October 8, 2025. Here’s a complete overview of the issue.
Advance Agrolife Ltd’s IPO is priced between Rs. 95 and Rs. 100 per share with a lot size of 150 shares. Retail investment is Rs. 15,000 (150 shares at the upper price). For S-HNI, the investment is 14 lots (2100 shares) totaling Rs. 2,10,000, and for B-HNI, a minimum of 67 lots (10,050 shares) totaling Rs. 10,05,000.
GMP of Advance Agrolife Ltd IPO
As of September 29, 2025, the shares of Advance Agrolife Limited in the grey market were trading at a 10 percent premium. The shares in the Grey Market traded at Rs. 110. This gives it a premium of Rs. 10 per share over the cap price of Rs. 100.
Overview of Advance Agrolife Limited
Incorporated in 2002, Advance Agrolife Limited is a company engaged in the manufacturing of a wide range of agrochemical products that support the entire lifecycle of crops. Its offerings cater to the cultivation of major cereals, vegetables, and horticultural crops across both Kharif and Rabi seasons in India.
The company’s product portfolio includes agrochemicals such as insecticides, herbicides, fungicides, and plant growth regulators; fertilizers including micro-nutrient and bio-fertilizers; and technical grade products, which are raw active ingredients for producing agrochemical formulations. Advance Agrolife operates three manufacturing facilities, all located in Jaipur, Rajasthan, at Bagru and Dahami Khurd.
The company primarily sells directly to corporate customers on a B2B basis and serves clients across 19 states and 3 union territories in India. It also exports products to countries including UAE, Bangladesh, China (including Hong Kong), Turkey, Egypt, Kenya, and Nepal. As of July 15, 2025, Advance Agrolife employed 543 permanent staff, comprising both skilled and unskilled workers.
Promoters of Advance Agrolife Limited
Advance Agrolife Limited’s promoters are Om Prakash Choudhary, Kedar Choudhary, Geeta Choudhary And Manisha Choudhary, collectively contribute significantly to shaping the company’s vision, strategic direction, and overall growth.
Lead Managers of Advance Agrolife Limited
Choice Capital Advisors Private Limited is the book-running lead manager for the IPO. KFin Technologies Limited is the registrar handling the offer process.
Objectives of the IPO Offer
Advance Agrolife Limited intends to use the net proceeds from its IPO for two main purposes, around Rs. 135 crore to meet working capital requirements and remaining for general corporate purposes.
Financial Analysis of Advance Agrolife Ltd
Advance Agrolife Limited’s revenue from operations has increased from Rs. 455.90 crore in FY24 to Rs. 502.26 crore in FY25, which represents a growth of 10.17 percent. The net profit has increased by 3.68 percent, from Rs. 24.73 crore in FY24 to Rs. 25.64 crore in FY25. The basic earnings per share increased by 3.63 percent and stood at Rs. 5.70 in FY25 as against Rs. 5.50 recorded in FY24.
In terms of return ratios, the company reports a Return on Capital Employed (ROCE) of 27.02 percent and a Return on Net Worth (RoNW) of 29.11 percent. The company has a debt-to-equity ratio of 0.80x.
Advance Agrolife Limited Vs Peers
Advance Agrolife Limited reported an EPS of Rs. 5.70 and a RoNW of 29.11 percent. In comparison, Dharmaj Crop Guard Limited’s EPS of Rs. 10.68 and its RoNW of 9.24 percent. Insecticides India Limited reported Rs. 48.38 EPS, and a RoNW of 13.55 percent. Advance Agrolife Limited’s net asset value per share is Rs. 22.42, compared to Rs. 210.15 for Heranba Industries Limited and Rs. 668.22 for PI Industries Limited.
Strengths of Advance Agrolife Limited
- The company has an established, integrated manufacturing setup located at a strategic site.
- The company has an established customer base and maintains strong business relationships.
- The company offers a diversified product portfolio of agrochemical products.
- The company has a track record of healthy growth.
- The company is backed by strong promoters and an experienced management team.
Weaknesses of Advance Agrolife Limited
- The company has indicated that changes in government policies toward the agriculture sector or a reduction in subsidies and incentives for farmers may adversely affect its business and operational performance.
- The company has its manufacturing facilities, supply chains, and main customer base primarily in India, with minimal exposure to international markets.
- The company has indicated that failure to meet quality standards set by regulatory authorities in India and export markets could negatively affect its business, reputation, and operations.
- The company may incur significant losses from bad debts in abnormal or exceptional circumstances, which could negatively impact its financial condition and operational results.
- The company intends to use a portion of the net proceeds from the issue to meet its substantial working capital requirements, which are based on certain assumptions and estimates and have not been verified by any bank or financial institution.
Conclusion
Advance Agrolife Limited demonstrates strong growth potential, backed by a diversified product portfolio, established customer base, and experienced management team. The company’s solid financial performance and strategic manufacturing setup support its long-term prospects. However, investors should consider sector-specific risks and operational dependencies while evaluating and investing in the IPO.
Written By Akshay Sanghavi
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