Advance Agrolife IPO Oversubscribed 6.5 Times on Day 3

Market Performance

The initial public offering (IPO) of Advance Agrolife Ltd witnessed robust investor demand on its third day, with subscriptions soaring to 6.5 times as of October 3, 2025. The Jaipur-based agrochemical firm’s IPO, pegged at ₹193 crore at the upper price band, attracted bids for 8,80,10,850 shares against the 1,35,09,004 shares on offer.

Investor interest was broad-based:

• Qualified Institutional Buyers (QIBs): 3.5 times subscription
• Retail Individual Investors (RIIs): 451% subscription
• Non-Institutional Investors (NIIs): 15.1 times subscription

This strong response highlights robust market appetite for high-quality agribusiness offerings, reflecting investor confidence in the sector and the company’s growth trajectory.

Main News

Advance Agrolife, which manufactures a comprehensive range of agrochemical products, is raising capital entirely through a fresh issue of 1.93 crore equity shares. Of the total ₹193 crore proceeds, ₹135 crore is earmarked for working capital requirements, while the remainder will support general corporate purposes.

The IPO also saw an anchor book contribution of ₹57.76 crore on September 29, ahead of the public offer, indicating early institutional confidence in the company.

Company Details

Founded in Jaipur, Advance Agrolife produces insecticides, herbicides, fungicides, plant growth regulators, micro-nutrient fertilizers, and biofertilizers. The company caters to the full lifecycle of crops, supporting sustainable and effective farming practices.

Key financials for FY25 include:

• Revenue from operations: ₹502 crore
• Net profit: ₹25.6 crore

The company’s IPO is managed by Choice Capital Advisors as the sole book-running lead manager, with proposed listings on the NSE and BSE.

Summary

Advance Agrolife’s IPO has captured strong investor attention, reflecting confidence in its diversified agrochemical portfolio and steady financial performance. The oversubscription across all investor categories underscores the market’s belief in the growth potential of the company and its sector. With listing on major exchanges imminent, the IPO represents a significant milestone in Advance Agrolife’s growth journey.