Advance Agrolife IPO is a book build issue of ₹192.86 crores. The issue is entirely a fresh issue of 1.93 crore shares of ₹192.86 crore.
The IPO opens for subscription on September 30, 2025, to October 3, 2025.
The basis of allotment is expected to be finalised on October 6, 2025. The shares are proposed to be listed on the NSE and BSE, with a tentative listing date of October 8, 2025. The issue price for Advance Agrolife IPO has been fixed at ₹95 to ₹100 per share.
The lot size is set at 150 shares. A retail investor is required to make a minimum investment of ₹15,000 for 150 shares. For High Net-worth Individuals (HNIs), the minimum application is for 13 lots or 1950 shares, amounting to ₹1,95,000.
Choice Capital Advisors Pvt Ltd is the book running lead manager and Kfin Technologies Ltd is the registrar of the issue. Refer to the Advance Agrolife IPO RHP for complete details.
Advance Agrolife IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Upto ₹1,350.00 lakh will be earmarked for funding the working capital requirements of the company.
- The remaining will be utilised for general corporate purposes.
About Advance Agrolife Limited
Advance Agrolife Limited is an agrochemical company engaged in the manufacturing of a wide range of products that support the entire lifecycle of crops. Its offerings are designed for use in the cultivation of major cereals, vegetables, and horticultural crops across both Kharif and Rabi seasons in India.
As of March 31, 2025, the company had received a total of 410 generic registrations, comprising 380 Formulation Grade registrations and 30 Technical Grade registrations for its agrochemical products.
The company’s major product portfolio includes insecticides, herbicides, fungicides, and plant growth regulators. Additionally, it manufactures other agrochemical products such as micro-nutrient fertilizers and biofertilizers.
Advance Agrolife Limited produces both Technical Grade and Formulation Grade agrochemical products through its integrated manufacturing facilities. Technical Grade products refer to raw, unprocessed active ingredients used in the production of agrochemical formulations, while Formulation Grade products are finished goods that combine active ingredients with additives to enhance performance, stability, and usability. The company manufactures formulation-grade products in various forms, including water-dispersible granules (WDG), suspension concentrates (SC), emulsifiable concentrates (EC), capsule suspensions, and wettable powders (WP).
The company primarily sells its products domestically through direct B2B sales to corporate customers across 19 states and 2 union territories. In addition to serving the domestic market, Advance Agrolife Limited exports its products to seven countries, including the UAE, Bangladesh, China (including Hong Kong), Turkey, Egypt, Kenya, and Nepal, during Fiscal 2025, Fiscal 2024, and Fiscal 2023.
Since 2008, the company has manufactured a total of 2,33,197.06 MT of agrochemical products. During Fiscal 2025, Fiscal 2024, and Fiscal 2023, it produced 44,276.76 MT, 40,021.56 MT, and 34,343.79 MT of Formulation and Technical Grade products, respectively, generating revenues of ₹5,019.18 million, ₹4,553.38 million, and ₹3,970.62 million.
Industry Outlook
- Outbound shipments form a major part of the Indian agrochemicals market and have grown at a CAGR of ~8.1% between 2018-19 and 2022-23, driving the overall industry growth.
- Patents expiring on existing pesticides create opportunities for Indian manufacturers to develop and market generic molecules, boosting domestic production capabilities.
- It is estimated that pesticides worth around USD 5 billion will go off-patent by FY27, providing substantial prospects for increasing India’s agrochemical exports in the coming years.
How To Apply for the Advance Agrolife IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Advance Agrolife IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of Advance Agrolife IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Advance Agrolife Limited
Registered office: E-39, RIICO Industrial Area Ext. Bagru, Jaipur – 303007, Rajasthan, India
Phone: +91 0141 4810 126
Email: cs@advanceagrolife.com
Advance Agrolife IPO Reservation
|
Investor Category |
Shares Offered |
|
QIB Shares Offered |
Not more than 50% ofthe Net Issue |
|
Retail Shares Offered |
Not less than 35% of the Net Issue |
|
NII Shares Offered |
Not less than 15% of the Net Issue |
Advance Agrolife IPO Lot Size Details
|
Application |
Lots |
Shares |
Amount |
|
Individual investors (Retail) (Min) |
2 |
150 |
₹15,000 |
|
Individual investors (Retail) (Max) |
13 |
1950 |
₹1,95,000 |
|
HNI (Min) |
14 |
2,100 |
₹2,10,000 |
Advance Agrolife IPO Promoter Holding
Om Prakash Choudhary, Kedar Choudhary, Manisha Choudhary and Geeta Choudhary are the promoters of the company
|
Share Holding Pre-Issue |
99.84% |
|
Share Holding Post Issue  |
NA |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Advance Agrolife IPO
|
KPI |
Value |
|
RoCE (%) |
27.02 |
|
Debt/Equity  |
0.80 |
|
RoNW (%) |
29.11 |
|
PAT Margin (%) |
5.10 |
|
EBITDA Margin (%) |
9.61 |
Advance Agrolife IPO Prospectus
Advance Agrolife IPO Registrar and Lead Managers
Advance Agrolife IPO Lead Managers
- Choice Capital Advisors Pvt Ltd
Registrar for Advance Agrolife IPO
Kfin Technologies Ltd
- Phone: 04067162222, 04079611000
- Email: ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Financial Performance of Advance Agrolife Limited
| Particulars | Fiscal 2025 | Fiscal 2024 |
|---|---|---|
| Revenue from Operations (₹ million) | 5,022.60 | 4,558.99 |
| EBITDA (₹ million) | 482.45 | 402.11 |
| Net Profit after Tax (₹ million) | 256.38 | 247.32 |
| Return on Net Worth (%) | 29.11 | 39.30 |
| Return on Capital Employed (%) | 27.02 | 37.62 |
| Debt-Equity Ratio | 0.80 | 0.60 |
Know before investing
Strengths
8Three advanced manufacturing facilities in Jaipur with 89,900 MTPA capacity and automated technology for efficiency and consistency.
Diverse agrochemical portfolio including insecticides, herbicides, fungicides, plant growth regulators, and bio-fertilizers.
Over 23 years of experience with strong customer relationships, ensuring loyalty and significant repeat revenue.
Revenue grew from ₹26.37 million in FY2008 to ₹5,022.60 million in FY2025 (CAGR 36.18%) and PAT from ₹0.23 million to ₹256.38 million (CAGR 51.09%) over 17 years.
Long-term partnerships with major domestic and international agrochemical companies across multiple countries.
Focus on quality and customised products, differentiating the company and fostering market trust.
Planned technical-grade facility in Gidhani, Jaipur to expand capacity and reduce dependence on external suppliers.
Opportunity to register and manufacture new products for domestic and international markets, enhancing global presence.
Risks
8Changes in government policies or reduction in subsidies and incentives for farmers could negatively impact business and revenues.
Limited international presence with manufacturing, supply chains, and primary customers concentrated in India.
Failure to meet quality standards in India or export markets may harm reputation, operations, and business growth.
Risk of significant losses due to bad debts under abnormal or exceptional circumstances.
Dependence on working capital requirements based on assumptions that have not been appraised by banks or financial institutions.
Exposure to credit risk from customers, as trade receivables recoverability is uncertain due to extended credit periods.
High revenue dependence on a limited number of customers; loss of any major customer could materially affect financial results.
Geographical concentration risk, as operations and revenue are largely tied to key agricultural states in India, making the company vulnerable to local or regional factors.
Advance Agrolife Limited Peer Comparison
| Company | Revenue from Operations (₹ in million) | Basic EPS (₹) | P/E Ratio | Return on Net Worth (%) |
|---|---|---|---|---|
| Advance Agrolife Limited | 5,022.60 | 5.70 | NA | 29.11 |
| Dharmaj Crop Guard Limited | 9,510.44 | 10.68 | 34.60 | 9.24 |
| Insecticides India Limited | 19,999.50 | 48.38 | 16.99 | 13.55 |
| Heranba Industries Limited | 14,097.30 | 0.77 | NA | 0.37 |
| PI Industries Limited | 79,778.00 | 109.44 | 34.29 | 17.58 |
| Sharda Cropchem Limited | 43,198.53 | 33.74 | 30.33 | 12.85 |
