Advance Agrolife Ltd IPO Details

Introduction

Advance Agrolife Limited, founded in 2002 in Jaipur, Rajasthan, is now a leading force in India’s agrochemical sector. With a comprehensive portfolio of insecticides, herbicides, fungicides, plant growth regulators, and micro-nutrients, the company empowers agri-businesses with technical and formulation-grade crop protection products. As Advance Agrolife gears up for its public listing, it brings a B2B model built on scale, quality, and solid client partnerships across India and select export markets.

IPO Details

Open Date

30 Sep 25

Close Date

03 Oct 25

Minimum Investment

₹14,250

Lot Size

150

Price Range

₹95 to ₹100

Listing Exchange

NSE, BSE

Issue Size

₹192.86 Cr

Listing Date

08 Oct 25

Advance Agrolife IPO Timeline

Bidding Start

30 Sep 25

Bidding Ends

03 Oct 25

Allotment Finalisation

06 Oct 25

Refund Initiation

07 Oct 25

Demat Transfer

07 Oct 25

Listing

08 Oct 25

Company Financials

Advance Agrolife Ltd. Financial Information (Restated)

Advance Agrolife Ltd.'s revenue increased by 10% and profit after tax (PAT) rose by 4% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	351.47	259.56	179.47
Total Income	502.88	457.21	397.97
Profit After Tax	25.64	24.73	14.87
EBITDA	48.25	40.21	25.22
NET Worth	100.87	75.26	50.60
Reserves and Surplus	55.87	70.76	46.10
Total Borrowing	80.45	45.46	25.29
Amount in ₹ Crore

Objective of the Issue 

The Company Advance Agrolife IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

S.No.	Objects of the Issue	Expected Amount (in Millions)
1	Funding Working Capital requirements of the Company.	1,350
2	General corporate purposes.

Core Business and Manufacturing Strength

Advance Agrolife caters primarily to large agrochemical corporations, providing both raw active ingredients (technical-grade) and finished crop solutions (formulation-grade). Its network spans 19 states and 3 union territories, supplying prominent players like DCM Shriram, Indogulf Cropsciences, and Mankind Agritech. The company also exports to seven countries, with an aggressive push in sulphur-based formulations, now recognized as one of the largest global producers in this category.

Three state-of-the-art production units near Jaipur enable vertically integrated manufacturing and quality control for over 410 registered products. Strategic backward integration and ongoing facility upgrades allow Advance Agrolife to control technical inputs, boost efficiency, and support clients' expansion needs.

Key Strengths

• Broad product portfolio, covering Kharif and Rabi seasons, and over 410 product registrations.
•  Vertically integrated manufacturing and backward integration for key technical ingredients.
• Extensive B2B client base; long-term contracts with leading agro brands.
• Efficient use of technology (ERP, SAP, barcode/QR traceability).
• ISO certifications for quality and environmental compliance.

Risks & Challenges

• Heavy revenue concentration among top 10 clients (~70%).
• Supplier dependency (top 10 account for 54% of purchases).
• Export sales saw a recent dip—room for global expansion.
• Margins lower versus global agrochemical leaders.
• Reliance on monsoon patterns, farmer demand, and regulatory changes.

IPO Details

• Issue Size: ₹193 crore (1.93 crore fresh equity shares)
• Price Band: ₹95–₹100 per share
• Dates: September 30–October 3, 2025
• Listing: BSE & NSE
• Lead Manager: Choice Capital Advisors.

How To Apply for the Online?

• Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services 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 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 IPO?

Steps to check IPO allotment status on JM Pro app: 

• Log in to the JM Pro 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. 

JM Financial Services will notify you of your IPO allotment status via push notification and email

Final Thoughts :-

Advance Agrolife Limited’s journey from Jaipur to nationwide prominence is built on innovation, trusted partnerships, and a mission to boost agricultural performance. As it enters public markets, investors gain a chance to participate in India’s evolving crop protection and farm productivity story.

FAQs :-

Q: What is Advance Agrolife’s business model?
A: Pure B2B—manufactures technical/formulation-grade agrochemicals for bulk supply to leading agri brands.

Q: Where are Advance Agrolife’s plants located?
A: Three facilities in Jaipur, Rajasthan, with plans for expansion and backward integration.

Q: How is IPO capital being used?
A: Primarily for working capital (~₹135 cr) and general corporate purposes.

Q: How many products does the company offer?
A: Over 410 registered products—technical-grade and formulations covering multiple crop cycles.

Q: Who are the main clients?
A: Large agrochemical companies like DCM Shriram, Indogulf Cropsciences, and Mankind Agritech.