Advance Agrolife IPO Opens For Subscription Today — Key Details To Know Before Bidding: HDFC Securities Report

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HDFC Securities Retail Research

Advance Agrolife Ltd. will launch its initial public offering on Sept. 30 and concludes on Oct. 3.

The manufacturer of agrochemical products has set the price band between Rs 95 and Rs 100 per equity share. Investors can place bids starting from a minimum of 150 shares and in multiples thereafter.

The Rs 192.86-crore IPO is an entirely fresh issue of 1.93 crore shares.

The shares of Advance Agrolife will be listed on both the National Stock Exchange and the BSE.

Choice Capital Advisors Pvt. Ltd. is the book-running lead managers for the public issue while KFin Technologies is the registrar to the issue.

Object of the issue:

The net proceeds of the Issue, i.e. gross proceeds of the Issue less the issue expenses to the extent applicable to the Issue (“Net Proceeds”) are proposed to be utilized for the following object:

• Funding working capital requirements of the company.

• General corporate purposes.

Competitive Strengths

• Established, integrated manufacturing setup at strategic location.  Diversified product portfolio of agrochemical products.

• Established customer base and strong relationships.

• Strong Promoters and experienced management team.

• Track Record of healthy growth.

About the company

Advance Agrolife is an agrochemical company manufacturing a comprehensive range of products supporting the entire lifecycle of crops, primarily targeting major cereals, vegetables, and horticultural crops across India’s Kharif and Rabi seasons.

As of March 31, 2025, it holds 410 generic registrations, including 380 for Formulation Grade and 30 for Technical Grade agrochemicals.

The company’s product portfolio consists of insecticides, herbicides, fungicides, and plant growth regulators, along with micronutrient fertilizers and biofertilizers. It specializes in producing both Technical Grade (raw active ingredients for agrochemical formulations) and Formulation Grade products, which are finished goods combining active ingredients with additives to enhance efficacy and usability.

Formulation Grades are manufactured in various forms such as Water Dispersible Granules (WDG), Suspension Concentrate (SC), Emulsifiable Concentrate (EC), Capsule Suspension, and Wettable Powder (WP).

Advance Agrolife’s growth trajectory includes key milestones such as starting with micro-nutrient fertilizer production in 2002, establishing Manufacturing Facility I in 2007 for granules and dust formulations, expanding product forms to WP, WDG, EC, and SC in 2012, and strengthening sulfur-based formulations with Manufacturing Facility II in 2018.

Manufacturing Facility III was commissioned in 2023 to meet rising demand with enhanced capacity. Overall, AAL’s integrated manufacturing capabilities, extensive registration portfolio, established customer base, export presence, and strategic operational enhancements underscore its sustained commitment to providing effective crop protection solutions and achieving sustainable growth in the agrochemical sector.

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