Advance Agrolife IPO Fully Subscribed on Day 2

Market Performance

The buzz around the stock market today is largely driven by the strong performance of Advance Agrolife’s IPO. Investor interest was evident from the outset, with the Jaipur-based agrochemical company receiving an overwhelming response by the second day of bidding.

The Rs 193-crore IPO quickly attracted bids for 2.23 crore shares, significantly exceeding the 1.35 crore shares on offer, marking a 165% subscription at 2 PM, according to NSE data.

• Qualified institutional buyers: 3.5x subscription
• Retail individual investors: 96% subscription
• Non-institutional investors: 81% subscription

The IPO is set to close on October 3, but the strong early momentum signals the market’s confidence in the company.

Main News

Advance Agrolife’s initial public offering grabbed attention across investor segments, reflecting the growing appetite for companies in the agrochemical sector. Ahead of the IPO, the company raised Rs 57.76 crore via the anchor book on September 29, setting a solid foundation for the public issue.

The IPO comprises a fresh issue of 1.93 crore equity shares, priced at Rs 193 crore, priced at the top end of the price band.Proceeds will be primarily used to fund working capital requirements (Rs 135 crore) and the remaining for general corporate purposes.

Company Details

Advance Agrolife operates in the manufacturing of a wide array of agrochemical products that support the complete lifecycle of crops. The company’s offerings include:

• Insecticides
• Herbicides
• Fungicides
• Plant growth regulators
• Micro-nutrient fertilisers
• Biofertilisers

The company reported revenue of Rs 502 crore and net profit of Rs 25.6 crore in FY25, highlighting its strong operational performance and stable growth trajectory.

Equity shares from the IPO are proposed to be listed on both NSE and BSE, with Choice Capital Advisors acting as the sole book-running lead manager.

Summary

Advance Agrolife’s IPO story reflects a strong market sentiment toward agrochemical companies. With a fully subscribed issue on the second day, healthy revenues, and robust profit margins, the company demonstrates financial stability and growth potential.

• IPO subscription at 165%
• Strong investor interest across institutional and retail categories
• Listing planned on NSE and BSE

Investors keen on the agrochemical space have seen the company’s IPO as a compelling entry, underpinned by its consistent operational performance and strategic focus on crop lifecycle products.