Advance Agrolife IPO Overview
Advance Agrolife is launching an Initial Public Offering (IPO) to raise ₹192.86 crore, with a price band of ₹95–₹100 per share. The IPO comprises a fresh issue of 1,92,85,720 shares and is scheduled to open on September 30, 2025, and close on October 3, 2025. The shares are expected to list on the BSE and NSE on October 8, 2025.
Advance Agrolife GMP Status
| GMP (₹) (grey market premium) | IPO Price (₹) |
| 20 | 95-100 |
| Last Updated: 7 Oct 2025 | |
| 📌 Note: The above GMP data is unofficial and has been collected from multiple sources including grey market dealers and market observers. It is provided purely for informational and educational purposes. Please consult your financial advisor before making any investment decisions. | |
IPO Basic Detail
Advance Agrolife Core Business & Overview
Advance Agrolife Limited is a Jaipur-based agrochemical company established in 2002. The company specializes in manufacturing a wide range of agrochemical products, including insecticides, fungicides, herbicides, plant growth regulators, micro-nutrient fertilizers, and bio-fertilizers. Its offerings support the entire crop lifecycle, catering to both Kharif and Rabi seasons in India. Advance Agrolife operates three manufacturing facilities in Rajasthan, with a combined capacity of 89,900 metric tonnes per year, and has a presence in 19 Indian states and seven export markets, including the UAE, Bangladesh, China, and Turkey.
Core Business
Advance Agrolife primarily operates on a Business-to-Business (B2B) model, supplying both technical-grade active ingredients and formulated crop protection solutions to large agrochemical corporations. The company holds over 410 product registrations, comprising 380 formulation-grade and 30 technical-grade products, along with 38 export registrations. Its customer base includes prominent players like DCM Shriram, Indogulf Cropsciences, and Mankind Agritech.
Strengths
- Integrated Manufacturing Setup: The company boasts an integrated manufacturing setup with newly implemented backward integration, enhancing production flexibility and cost efficiency.
- Diversified Product Portfolio: Advance Agrolife offers a broad spectrum of agrochemical products, backed by 410 generic product registrations, catering to various crop protection needs.
- Established Customer Relationships: With long-standing B2B customer relationships, the company has built a reputation as a trusted agrochemical player.
Risks
- Customer Concentration: The company’s revenue is heavily dependent on a few clients, with the top five customers contributing 51.70% of its revenue in Fiscal 2025.
- Regulatory Challenges: The agrochemical sector is heavily regulated, with frequent changes in safety, environmental, and export-import policies, which can disrupt business operations.
- Input Cost Volatility: Dependence on key raw materials exposes the company to cost fluctuations, impacting margins, especially in a competitive pricing environment.
Financial Performance Overview (₹ in Crore)
| Financial Metric | FY 2023 | FY 2024 | FY 2025 |
| Revenue | 397.81 | 455.90 | 502.26 |
| Profit | 14.87 | 24.73 | 25.64 |
| Total Assets | 179.47 | 259.56 | 351.47 |
Revenue
Revenue has increased from ₹397.81 crore in FY23 to ₹502.26 crore in FY25. This shows steady growth, though slightly slower in FY25 compared to FY24.
Profit
Profit jumped from ₹14.87 crore in FY23 to ₹25.64 crore in FY25. While FY24 showed a sharp profit increase, FY25’s growth is marginal, indicating rising costs or margin pressure.
Assets
Total assets increased from ₹179.47 crore in FY23 to ₹351.47 crore in FY25. Asset growth is strong, indicating expansion in manufacturing capacity, inventory, or investment in infrastructure.
Disclaimer:
The above IPO analysis and financial data are based on information provided by the company in its official documents. For complete details, please refer to the Red Herring Prospectus (RHP) linked above. Investors are strongly advised to consult their financial advisor before making any investment decisions.
