Advance Agrolife Ltd. | Globe Capital Market LTD.
Advance Agrolife Ltd.
Closed
Price Band
₹95 to ₹100 per share
IPO Issue Period
September 30, 2025 to October 3, 2025
Issue Size
₹192.86 Cr
Face value
₹10 per share
Fresh issue
₹192.86 Cr
Offer for sale
NIL
Employee Discount
₹5.00
Minimum Shares for Retail
150 Shares
Listing on
BSE, NSE
Issue Type
Book Built Issue IPO
Registrar to the Issue
Kfin Technologies Ltd.
Tentative Listing Date
Wed, Oct 8, 2025
QIB
50%
NII
15%
Retail
35%

Choice Capital Advisors Pvt.Ltd.

Advance Agrolife Limited is an established agrochemical manufacturer specializing in a comprehensive range of products—including insecticides, herbicides, fungicides, and bio-fertilizers—that support the full lifecycle of major Indian crops (Kharif and Rabi seasons). The company operates an integrated manufacturing setup across three facilities in Jaipur, Rajasthan, producing both Technical Grade (raw active ingredients) and various forms of Formulation Grade (finished products).

The company’s core strategy is a B2B model, focusing on direct sales to large corporate customers such as DCM Shriram and IFFCO MC, who market the products under their own brands. This approach effectively leverages customers’ distribution networks across 19 Indian states. The company also maintains an international footprint, exporting to seven countries including China and the UAE. Advance Agrolife has a robust product pipeline with 410 generic registrations and is strategically focused on backward integration into Technical Grade manufacturing. The company’s long-term corporate relationships and diversified portfolio position it strongly within the growing domestic and international agrochemical markets.

For the year/period ended (Rs. in Cr.)

FY25 FY24 FY23
Total Revenue 502.88 457.21 397.97
Profit After Tax 25.64 24.73 14.87
EPS 5.70 5.50 3.30
EBITDA Margin (%) 9.61 8.82 6.34
PAT Margin (%) 5.10 5.42 3.74

 

For year/ period ended ( in Cr.)

Company Name Market Cap (Cr.) Price P/BV P/E Sales (Cr.)
FY25
Net Profits(Cr.)
FY25
Advance Agrolife Ltd 642.86* 100 5.98 25.07 502.88 25.64
Dharmaj Crop Guard Limited 1093 324 31.4 951 35
Insecticides India Ltd 2282 771 2.09 15.1 2000 142
Heranba Industries Ltd 1268 317 1.51 1410 2
PI Industries Limited 54718 3607 5.39 33.9 7978 1660

*Market cap @upper band

 

  • Integrated Manufacturing and Location: Operates an integrated manufacturing setup in Jaipur, Rajasthan, strategically located near key agricultural belt states in India.
  • Diversified Product Portfolio: Manufactures a diverse range of agrochemicals (insecticides, herbicides, fungicides, and fertilizers) supporting the entire crop lifecycle via a B2B model.
  • Experienced Management & Relations: Driven by a qualified, dedicated management team and Promoters, the company has built strong customer relationships over 23 years.
  • Healthy Growth Track Record: Demonstrated consistent, healthy growth in revenue and profitability, achieving a significant CAGR of 36.18% over the last 17 years.

The Company ADVANCE AGROLIFE LIMITED IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • Funding Working Capital requirements of the Company (₹ 135 Cr.)
  • General corporate purposes

At the upper band of IPO ₹ 100, the stock is valued at 25.07 P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.

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