Investors can bid for a minimum lot of 150 shares, requiring an application amount of Rs 15,000 at the upper end of the price band. For non-institutional investors, the minimum bid is 2,100 shares (Rs 2.1 lakh).
The company has appointed Choice Capital Advisors as the book running lead manager and Kfin Technologies as the registrar. The stock is proposed to list on both the BSE and NSE on October 8.
Use of proceeds
Advance Agrolife will utilise Rs 135 crore from the fresh issue to fund working capital needs. The balance will go toward general corporate purposes.
About the company
Advance Agrolife manufactures a wide range of agrochemical products covering the entire crop lifecycle. Its portfolio includes insecticides, herbicides, fungicides, plant growth regulators, micro-nutrient fertilizers, and bio-fertilizers.
The company also produces technical-grade active ingredients used by agrochemical manufacturers.Also read: Spoilt for choice as 10 IPOs hit D-Street? Analysts pick two winnersAdvance Agrolife operates three manufacturing facilities in Jaipur, Rajasthan, and caters to clients across 19 states and 3 union territories in India. It also exports to markets such as the UAE, Bangladesh, China, Turkey, Egypt, Kenya, and Nepal.
Financials
The company reported a 10% rise in revenue to Rs 502.9 crore in FY25 from Rs 457.2 crore in FY24, while net profit rose 4% to Rs 25.6 crore. EBITDA grew to Rs 48.2 crore in FY25 from Rs 40.2 crore a year earlier.
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