Advance Agrolife Submits Q3FY26 IPO Proceeds Monitoring Report Under SEBI Regulation 32
Advance Agrolife Limited submitted its monitoring agency report for Q3FY26 showing utilization of ₹98.82 crore from its ₹192.84 crore IPO proceeds. CARE Ratings Limited confirmed proper fund deployment across working capital (₹67.50 crore), general corporate purposes (₹8.16 crore), and issue expenses (₹23.16 crore), with remaining ₹94.02 crore invested in fixed deposits earning up to 6.03% returns.

*this image is generated using AI for illustrative purposes only.
Advance Agrolife Limited has submitted its monitoring agency report on the utilization of IPO proceeds for the quarter ended December 31, 2025, in compliance with SEBI regulations. CARE Ratings Limited, serving as the monitoring agency, confirmed proper utilization of funds with no deviations from stated objectives.
IPO Proceeds Utilization Overview
The company raised ₹192.84 crore through its Initial Public Offering conducted from September 30, 2025, to October 03, 2025. During the quarter ended December 31, 2025, Advance Agrolife utilized ₹98.82 crore across designated objectives, leaving ₹94.02 crore unutilized.
| Parameter | Details |
|---|---|
| Total IPO Size | ₹192.84 crore |
| Amount Utilized (Q3FY26) | ₹98.82 crore |
| Unutilized Amount | ₹94.02 crore |
| Monitoring Agency | CARE Ratings Limited |
| Issue Period | September 30 - October 03, 2025 |
Fund Deployment Across Objectives
The monitoring report details utilization across three primary objectives as outlined in the offer document:
| Objective | Allocated Amount (₹ crore) | Utilized Amount (₹ crore) | Remaining (₹ crore) |
|---|---|---|---|
| Working Capital Requirements | 135.00 | 67.50 | 67.50 |
| General Corporate Purposes | 34.08 | 8.16 | 25.92 |
| Issue Related Expenses | 23.76 | 23.16 | 0.60 |
| Total | 192.84 | 98.82 | 94.02 |
Working Capital Utilization
Advance Agrolife deployed ₹67.50 crore for working capital requirements by transferring funds from the monitoring account to cash credit account. These funds were utilized for supplier payments for raw materials and statutory obligations, including advance tax payments.
General Corporate Purposes
The company utilized ₹8.16 crore towards capital expenditure as approved by the Board of Directors on October 29, 2025. The board resolution covered strategic initiatives, brand building, marketing activities, and capital expenditure requirements.
Deployment of Unutilized Proceeds
The remaining ₹94.02 crore has been strategically deployed in fixed deposits and bank accounts to optimize returns:
| Investment Type | Amount (₹ crore) | Institution | Maturity Date | Return (%) |
|---|---|---|---|---|
| Fixed Deposit | 67.50 | Punjab National Bank | April 15, 2026 | 6.03 |
| Fixed Deposit | 20.00 | Punjab National Bank | February 22, 2026 | 5.25 |
| Fixed Deposit | 4.50 | HDFC Bank | January 28, 2026 | 5.25 |
| Bank Accounts | 1.02 | Various | - | - |
Regulatory Compliance and Monitoring
CARE Ratings Limited confirmed no deviations from the objects stated in the offer document. The monitoring agency verified utilization through chartered accountant certificates from S K Patodia & Associates LLP dated February 05, 2026, bank statements, and company declarations.
Company Secretary Nisha Gupta (A42708) digitally signed the regulatory filing on February 12, 2026, ensuring compliance with SEBI LODR Regulations. The report has been made available on the company's website at www.advanceagrolife.com for stakeholder access.
The monitoring report demonstrates Advance Agrolife's systematic approach to IPO proceeds utilization while maintaining regulatory compliance and transparency with stakeholders.
Historical Stock Returns for Advance Agrolife
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.13% | -12.56% | -7.04% | +5.83% | +5.83% | +5.83% |


























