India’s IPO market continues to see strong investor interest in 2025, with niche sectors gaining traction. Advance Agrolife Limited, a key player in the agrochemical space, is set to open its IPO on September 30, 2025, providing investors with an opportunity to invest in a company serving both domestic and international agricultural markets.
About Advance Agrolife Ltd.
Incorporated in 2002, Advance Agrolife Limited manufactures a wide range of agrochemical products supporting the entire lifecycle of crops. Its products include:
- Agrochemicals: Insecticides, herbicides, fungicides, and plant growth regulators
- Fertilisers: Micro-nutrient fertilisers and bio-fertilisers
- Technical Grade Products: Active ingredients used in agrochemical formulations
The company primarily serves corporate clients on a B2B basis across 19 Indian states and 3 union territories. It also exports to the UAE, Bangladesh, China (including Hong Kong), Turkey, Egypt, Kenya, and Nepal.
Manufacturing Facilities:
- Bagru, Jaipur, Rajasthan
- Dahami Khurd, Jaipur, Rajasthan (Facility II & III)
As of July 15, 2025, the company employs 543 permanent employees, including skilled and unskilled workers.
Competitive Strengths:
- Established, integrated manufacturing setup at strategic locations
- Diversified agrochemical product portfolio
- Strong customer base and relationships
- Experienced promoters and professional management
- Consistent track record of growth
Advance Agrolife IPO Details
The Advance Agrolife IPO is a book-building issue of ₹192.86 crore, entirely a fresh issue comprising 1.93 crore shares. The IPO will be listed on BSE and NSE.
IPO Timeline:
| Event | Date (Tentative) |
| IPO Open Date | Sep 30, 2025 |
| IPO Close Date | Oct 3, 2025 |
| Tentative Allotment | Oct 6, 2025 |
| Initiation of Refunds | Oct 7, 2025 |
| Credit of Shares to Demat | Oct 7, 2025 |
| Tentative Listing Date | Oct 8, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Oct 3, 2025 |
Key IPO Details:
| Parameter | Details |
| Face Value | ₹10 per share |
| Issue Price Band | ₹95 – ₹100 per share |
| Lot Size | 150 shares |
| Total Issue Size | 1.93 crore shares (₹192.86 Cr) |
| Employee Discount | ₹5 per share |
| Issue Type | Bookbuilding IPO |
| Shareholding Pre-Issue | 4.50 crore shares |
| Shareholding Post-Issue | 6.43 crore shares |
Investor Category Reservation:
- QIB: Not more than 50% of Net Issue
- Retail: Not less than 35% of Net Issue
- NII: Not less than 15% of Net Issue
Lot Size & Investment:
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 150 | ₹15,000 |
| Retail (Max) | 13 | 1,950 | ₹1,95,000 |
| S-HNI (Min) | 14 | 2,100 | ₹2,10,000 |
| S-HNI (Max) | 66 | 9,900 | ₹9,90,000 |
| B-HNI (Min) | 67 | 10,050 | ₹10,05,000 |
Promoter Holding:
The company’s promoters are Om Prakash Choudhary, Kedar Choudhary, Manisha Choudhary, and Geeta Choudhary.
- Pre-IPO: 99.84%
- Post-IPO: NA
Book Running Lead Manager: Choice Capital Advisors Pvt. Ltd.
Registrar: Kfin Technologies Ltd.
Advance Agrolife Ltd.: Financials
Financial Highlights (₹ Crore):
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 351.47 | 259.56 | 179.47 |
| Total Income | 502.88 | 457.21 | 397.97 |
| Profit After Tax | 25.64 | 24.73 | 14.87 |
| EBITDA | 48.25 | 40.21 | 25.22 |
| Net Worth | 100.87 | 75.26 | 50.60 |
| Reserves & Surplus | 55.87 | 70.76 | 46.10 |
| Total Borrowing | 80.45 | 45.46 | 25.29 |
Key Performance Indicators (FY2025):
| KPI | Value |
| Market Capitalisation | ₹642.86 Cr |
| ROE | 25.42% |
| ROCE | 27.02% |
| Debt/Equity | 0.80 |
| RoNW | 29.11% |
| PAT Margin | 5.10% |
| EBITDA Margin | 9.61% |
| Price to Book Value | 5.98 |
EPS & P/E
| KPI | Pre-IPO | Post-IPO |
| EPS (₹) | 5.70 | 3.99 |
| P/E (x) | 17.55 | 25.07 |
Advance Agrolife IPO Objectives
The IPO proceeds are proposed to be utilised as follows:
| Object | Amount (₹ Million) |
| Funding Working Capital Requirements | 1,350 |
| General Corporate Purposes | Balance |
Industry Outlook
The Indian agrochemical sector is poised for growth due to:
- Increasing demand for crop protection and plant nutrition products
- Expansion in modern farming practices and mechanisation
- Growing exports to emerging agricultural markets
- Rising adoption of integrated pest management and micro-nutrient fertilisers
Advance Agrolife’s integrated manufacturing, diverse product portfolio, and established client base position it well to leverage these trends.
Advance Agrolife IPO: Peer Comparison
Advance Agrolife IPO can be compared with peers like Dharmaj Crop Guard Ltd, Insecticides India Ltd, Heranba Industries Ltd, PI Industries Limited, and Sharda Cropchem Limited. Reviewing these companies helps investors gauge Advance Agrolife’s position in the agrochemical sector and make informed decisions.
Conclusion
Advance Agrolife Limited offers an attractive opportunity in the agrochemical sector, with consistent financial growth, diversified offerings, and a strong domestic and international client base. However, investors should consider risks such as regulatory changes, price volatility in raw materials, and dependence on B2B contracts.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
