IPO Debut: Advance Agrolife share price soars 13% on listing day

Shares of Advance Agrolife Ltd made a strong debut in the stock market on Friday, opening at Rs 113, up 13 per cent from its issue price of Rs 100.

The listing gain came after the company’s initial public offering (IPO) was oversubscribed nearly 57 times, signalling robust investor interest in the agrochemical firm.

Advance Agrolife IPO: Subscription

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The IPO of Jaipur-based Advance Agrolife received bids for 76.8 crore shares, against 1.35 crore shares on offer, according to NSE data.

The IPO of Advance Agrolife saw an overwhelming response from all types of investors.

Non-Institutional Investors (NIIs) subscribed a massive 175.3 times, Qualified Institutional Buyers (QIBs) showed strong interest with 27.3 times subscription, and Retail Individual Investors (RIIs) subscribed 23.06 times.

This clearly reflects the high demand for the company’s shares and the strong confidence investors have in its growth potential.

Advance Agrolife IPO Price Band

Advance Agrolife had set a price band of Rs 95-100 per share, with the IPO being a fresh issue of 1.93 crore shares, raising Rs 193 crore at the upper end of the band.

Out of the total proceeds, Rs 135 crore will be used for working capital, while the remainder will fund general corporate purposes.

Advance Agrolife Business Overview

Advance Agrolife is a leading player in the agrochemical sector, manufacturing a wide range of products that support crop growth throughout its lifecycle.

Its portfolio includes insecticides, herbicides, fungicides, and plant growth regulators, along with micro-nutrient fertilisers and biofertilisers. The company’s offerings are designed to cater to farmers’ needs, helping improve productivity and crop protection.