Advance Agrolife IPO

Advance Agrolife Ltd

₹14,250 /150 sharesMinimum Investment

Advance Agrolife IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
30 Sep ‘25 - 3 Oct ‘25₹14,250150₹95 - ₹100
Issue SizeIPO Doc
192.86Cr
RHP PDF

Subscription rate

As of 30 Sep'25, 02:02 PM
Qualified Institutional Buyers0.00x
Non-Institutional Investor0.14x
Retail Individual Investor0.34x
Employees0.72x
Total0.20x

About Advance Agrolife

Advance Agrolife is an agrochemical company that manufactures a wide range of products that support the entire lifecycle of crops. Its portfolio is designed for use in the cultivation of cereals, vegetables, and horticultural crops across both the kharif and rabi seasons in India. The company’s product offerings include insecticides, herbicides, fungicides, and plant growth regulators, along with micro-nutrient fertilisers and biofertilisers. It manufactures both technical grade products, which are raw active ingredients, and formulation grade products, which are finished crop protection solutions available in forms such as water dispersible granules, suspension concentrates, emulsifiable concentrates, capsule suspensions, and wettable powders. The company operates through its manufacturing facilities located in Jaipur.;
Founded in
2002
Managing director
Mr. Om Prakash Choudhary
Parent organisation
Advance Agrolife Ltd

Strengths & Financials of Advance Agrolife

Strengths
Risks
The company claims to operate three manufacturing facilities in Jaipur, Rajasthan, with a total installed capacity of 89,900 MTPA. These facilities are equipped to produce both technical and formulation-grade agrochemicals, and the company claims that it has integrated automation and technology to reduce manual intervention and improve efficiency.
The company claims that its manufacturing facility in Rajasthan is located to serve key agricultural states, including Punjab, Uttar Pradesh, Haryana, Madhya Pradesh, and Gujarat. The company claims that these regions are among the most agriculturally intensive in India, generating significant demand for agrochemical products.
The company claims to manufacture a wide range of agrochemical products, including insecticides, herbicides, fungicides, plant growth regulators, micro-nutrient fertilisers, and bio-fertilisers.
The company is ISO 9001:2015 certified for its quality management systems and ISO 14001:2015 certified for its environmental management systems.
The company has witnessed a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 397.81 crore in FY23 to Rs 455.90 crore in FY24 and Rs 502.26 crore in FY25. PAT increased from Rs 14.87 crore in FY23 to Rs 24.73 crore in FY24 and Rs 25.64 crore in FY25.
The company derives a major portion of its revenue from its top 10 customers. They accounted for Rs 348.70 crore (69.47 percent) of the company’s total revenue in FY25, Rs 250.34 crore (54.91 percent) in FY24, and Rs 184.74 crore (46.44 percent) in FY23. Any failure to retain these key customers, expand the customer base, or a decline in business from them could adversely affect the company’s revenues, profitability, and financial standing.
The company relies significantly on its top 10 suppliers for raw material procurement. Purchases from these suppliers amounted to Rs 228.31 crore (54.25 percent) of total purchases in FY25, Rs 211.90 crore (57.14 percent) in FY24, and Rs 188.29 crore (56.27 percent) in FY23. Any disruption in supplies from one or more of these suppliers, or an inability to maintain favourable terms, could adversely affect the company’s business operations and financial performance.
The company derives a significant portion of its revenue from Rajasthan. In FY25, Rajasthan contributed Rs 167.70 crore (33.39 percent) of the company’s total revenue, Rs 115.29 crore (25.29 percent) in FY24, and Rs 99.11 crore (24.92 percent) in FY23. Any disruption or slowdown in this region could adversely affect the company’s business, financial condition, and cash flows.
As of FY25, the company had trade receivables of Rs 163.07 crore, a sharp increase from Rs 143.15 crore in FY24. Any failure to collect these receivables on time or at all can negatively impact the business and its financial condition.
The company derives a significant portion of its revenue from formulation-grade agrochemical products. In FY25, this segment contributed Rs 497.20 crore (98.99 percent) of the company’s total revenue, Rs 455.34 crore (99.88 percent) in FY24, and Rs 397.06 crore (99.81 percent) in FY23. Any adverse changes in demand, pricing, or regulatory environment for these products could materially impact the company’s revenues, profitability, and overall financial performance.
The company’s performance is highly sensitive to weather patterns, seasonal factors, and climate change. Events such as droughts, floods, cyclones, unseasonal rainfall, pest infestations, and other natural calamities can significantly reduce crop sowing and yields, thereby lowering demand for its products.
The company, its directors, promoters, subsidiaries, and group entities are involved in various legal proceedings, including tax and criminal cases. Any adverse judgment in any of these cases could be detrimental to the company’s business prospects.
The company reported negative cash flows from investing activities, which amounted to Rs 33.87 crore in FY25, Rs 31.08 crore in FY24, and Rs 8.07 crore in FY23, due to purchases of fixed assets, investment in fixed deposits, and additions to intangible assets. If these negative cash flows persist, it could adversely affect the company’s ability to meet its working capital needs or repay loans without raising additional external financing, thereby impacting its financial condition and operations.
As of FY25, the company reported total indebtedness of Rs 79.24 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.

Advance Agrolife Financials

*All values are in Rs. Cr
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Application Details of Advance Agrolife IPO

Apply asPrice bandApply Range
Regular95 - 100Upto ₹2 Lakh
Employee90 - 95Upto ₹2 Lakh
High Networth Individual95 - 100₹2 - 5 Lakh
For Advance Agrolife IPO, eligible investors can apply as Regular & Employee.