Advance Agrolife Announces IPO: Aims to Raise Rs 193 Crore with Price Band of Rs 95-100
Fertiliser manufacturer Advance Agrolife is launching its IPO to raise up to Rs 192.80 crore. The price band is set at Rs 95-100 per share. The issue opens on September 30 and closes on October 3, with listing scheduled for October 8 on BSE and NSE. The company plans to use Rs 135.00 crore for incremental working capital. Advance Agrolife specializes in agrochemical products and reported revenue of Rs 502.00 crore and net profit of Rs 25.60 crore in its most recent period.
*this image is generated using AI for illustrative purposes only.
Fertiliser manufacturer Advance Agrolife is set to enter the public market with its Initial Public Offering (IPO), aiming to raise up to Rs 192.80 crore. The company has announced a price band of Rs 95-100 per share for its upcoming issue.
IPO Details
- Price Band: Rs 95-100 per share
- Issue Size: Up to Rs 192.80 crore (fresh issue)
- Opening Date: September 30
- Closing Date: October 3
- Minimum Bid: 150 shares (Rs 15,000)
- Pre-IPO Anchor Round: September 29
- Share Allotment: October 6
- Listing Date: October 8 (BSE and NSE)
Fund Utilization
Advance Agrolife plans to allocate Rs 135.00 crore from the IPO proceeds towards incremental working capital requirements, supporting the company's growth initiatives.
Company Overview
Advance Agrolife specializes in the manufacturing of agrochemical products, including:
- Insecticides
- Herbicides
- Fungicides
- Plant growth regulators
The company boasts a portfolio of 404 generic registrations and has established an export presence in seven countries.
Financial Highlights
For the most recent reported period:
| Metric | Value |
|---|---|
| Revenue | Rs 502.00 crore |
| Net Profit | Rs 25.60 crore |
| EBITDA Margin | 9.60% |
IPO Management
Choice Capital Advisors has been appointed as the sole merchant bank for this public offering.
Investors interested in participating in Advance Agrolife's IPO should conduct thorough research and consider their financial goals before making an investment decision. As with any investment, it's advisable to review the company's Red Herring Prospectus (RHP) for detailed information on business operations, risks, and financial data.
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