Advance Agrolife Limited IPO
Advance Agrolife is a leading agrochemical company engaged in manufacturing a wide range of products that support the full lifecycle of crops. The company serves major cereals, vegetables, and horticultural crops across both Kharif and Rabi seasons in India. As of March 31, 2025, Advance Agrolife holds 410 generic registrations, including 380 Formulation Grade and 30 Technical Grade products.
Business Model & Market Presence
The company operates primarily on a B2B business model, focusing on supplying corporate customers who distribute products under their own brand names. Its domestic reach extends to 19 states and 2 union territories in India, establishing a robust presence across the country.
Internationally, the company has expanded its footprint with exports to UAE, Bangladesh, China (including Hong Kong), Turkey, Egypt, Kenya, and Nepal. It serves key corporate clients, including DCM Shriram Ltd., IFFCO MC Crop Science Pvt. Ltd., Indogulf Cropsciences Ltd., Mankind Agritech Pvt. Ltd., HPM Chemicals & Fertilizers Ltd., and ULink AgriTech Pvt. Ltd., positioning itself as a trusted partner in the agrochemical sector.
Product Portfolio
1. Agrochemicals: Insecticides, herbicides, fungicides, plant growth regulators.
2. Other Products: Micro-nutrient fertilizers, bio-fertilizers.
3. Technical Grade: Raw active ingredients used for producing agrochemical formulations.
4. Formulation Grade: Finished products with blended active ingredients in forms such as WDG (Water Dispersible Granules), SC (Suspension Concentrate), EC (Emulsifiable Concentrate), Capsule Suspension, and WP (Wettable Powder).
Strategic Initiatives
The company focuses on backward integration, with technical-grade production centralized in Facility I and formulation production in Facilities II & III. In April 2024, it shifted B2C marketing to HOK Agrichem Pvt. Ltd., and plans to acquire HOK Agrichem to streamline operations.
Customer Relationships
With 94 long-term customers (3+ years), the company emphasizes product quality, innovation, and customer satisfaction. This commitment to reliability and trust has strengthened its role in supporting crop protection and growth at scale
Objects of the Advance Agrolife Limited IPO:
Advance Agrolife Limited IPO Details:
| Open Date: | Sep 30 2025 |
| Close Date: | Oct 03 2025 |
| Total Shares: | 1,92,85,720 |
| Face Value: | ₹ 10 Per Equity Share |
| Issue Type: | Book Building |
| Issue Size: | 192.86 Cr. |
| Lot Size: | 150 Shares |
| Issue Price: | ₹ 95-100 Per Equity Share |
| Listing At: | NSE,BSE |
| Listing Date: | Oct 08 2025 |
Promoters And Management:
Financials of Advance Agrolife Limited IPO:
| Particulars | FY 2024-25 | FY 2023-2024 | FY 2022-2023 |
| Revenue from Operations (Cr) | 502.20 | 455.80 | 397.80 |
| EBITDA (Cr) | 48.2 | 40.2 | 25.2 |
| EBITDA Margins | 9.61% | 8.82% | 6.34% |
| PAT (Cr) | 25.6 | 24.7 | 14.8 |
| PAT Margins | 5.10% | 5.42% | 3.74% |
| ROCE | 27.02% | 37.62% | 34.38% |
| Debt to Equity Ratio(In Times) | 0.8 | 0.6 | 0.5 |
| Operating Cash Flows (Cr) | 5.7 | 14.8 | 6.2 |
Comparison With Peers:
| Companies | Revenue (in cr) | EBITDA Margins | PAT Margins | ROCE | D/E Ratio | MCap (in cr) | P/E |
| Advance Agrolife Limited | 502.20 | 9.61% | 5.10% | 27.02% | 0.8 | 642.85 | 25.11 |
| Dharmaj Crop Guard Limited | 951 | 8% | 3.68% | - | - | 1,022 | 29.3 |
| Insecticides India Limited | 2000 | 11% | 7.10% | 17.40% | 0.1 | 2,178 | 14.4 |
| Heranba Industries Limited | 1410 | 7% | 0.14% | 4.39% | 0.41 | 1176 | - |
| PI Industries Limited | 7978 | 28% | 20.81% | 22.90% | 0.02 | 52722 | 32.7 |
| Sharda Cropchem Limited | 4320 | 14% | 7.03% | 16.50% | 0 | 7395 | 17.6 |
Lead Manager of Advance Agrolife Limited IPO:
Registrar of Advance Agrolife Limited IPO:
Discussion on Advance Agrolife Limited IPO:
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