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During the five-year period 2020-21 to 2024-25, the GVA for agriculture increased at a CAGR of 3.7% from Rs. 19,943 billion in 2019-20 to Rs. 24,760 billion billion in 2024- 25. The outbound shipments account for a major share of the Indian agrochemicals market and have grown at a CAGR of around 8.1% over the five-year period 2018-19 to 2022-23
Increasing share of agriculture and allied sectors to the total economy’s Gross Value Added (GVA),
The government providing aid to the rural economy through various budget announcements and encouraging the usage of environmentally friendly agrochemicals.
The demand for specialized agrochemicals is rising in horticulture, floriculture, and aquaculture, driven by the need for higher yields and export-quality produce.
The rising awareness with respect to the environment-friendly usage of agrochemicals and the use of integrated pest management (IPM) mechanisms are expected to encourage the application of biopesticides.
| Revenue | ₹455.80 cr | ₹502.26 cr (+10.19%) | |
| PAT | ₹24.70 cr | ₹25.63 cr (+3.77%) | |
| PAT Margin | 5.42 % | 5.10 % (-5.90%) | |
| EBITDA | ₹40.20 cr | ₹48.24 cr (+20.00%) | |
| EBITDA Margin | 8.82 % | 9.60 % (+8.84%) | |
| ROE | 32.85 % | 25.41 % (-22.65%) | |
| ROCE | 37.62 % | 27.02 % (-28.18%) | |
| D/E | 0.60 | 0.79 (+31.67%) |
Advance Agrolife Limited have successfully expanded its reach across nineteen (19) states and two (2) union territories in India and its products were exported to seven (7) countries.
The company is a B2B agrochemical company engaged in the manufacturing of a diverse range of agrochemical products that support the entire crop lifecycle.
PE Ratio: 25.07x Average Sector PE Ratio: 14.56x
| QIB Shares Offered: | 9627660 |
| - Anchor Investor Shares Offered: | 5776716 |
| − QIB (Ex. Anchor) Shares Offered : | 3850944 |
| NII (HNI) Shares Offered: | 2888358 |
| - bNII > ₹10L: | 1925572 |
| - sNII < ₹10L: | 962786 |
| Retail Shares Offered: | 6739502 |
| Total Shares Offered: | 19255520 |
| Application | Lot | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 150 | ₹15000 |
| Retail (Max) | 150 | 1950 | ₹195000 |
| S-HNI (Min) | 14 | 2100 | ₹210000 |
| S-HNI (Max) | 66 | 9900 | ₹990000 |
| B-HNI (Min) | 67 | 10050 | ₹1005000 |
Avg IPO Size (Sector Based):
₹ 454.64 cr.
Average Sector PE Ratio:
14.56 X
Listing Price:
₹ 114.00
Advance Agrolife Limited is an agrochemical manufacturer offering a comprehensive range of products that support the entire lifecycle of crops. Its solutions are designed for use in the cultivation of major cereals, vegetables, and horticultural crops across both Kharif and Rabi seasons in India. As of March 31, 2025, the company has secured 410 generic registrations, including 380 Formulation Grade registrations and 30 Technical Grade registrations for its agrochemical products.
The core product portfolio comprises insecticides, herbicides, fungicides, and plant growth regulators. In addition, the company produces micro-nutrient fertilizers and bio-fertilizers. Agrochemical manufacturing is carried out through integrated facilities that produce both Technical Grade and Formulation Grade products. Technical Grade refers to the raw, unprocessed active ingredients used in the creation of pesticides, herbicides, fungicides, and fertilizers. Formulation Grade products are the finished versions, combining active ingredients with performance-enhancing additives to target pests, weeds, and plant diseases. These formulations are precisely blended to deliver effective crop protection and are available in various forms such as water dispersible granules (WDG), suspension concentrates (SC), emulsifiable concentrates (EC), capsule suspensions, and wettable powders (WP).
The company primarily operates in the domestic market, selling directly to corporate customers on a B2B basis across India, with a presence in 19 states and 2 union territories. Beyond domestic operations, the company has also exported its products to seven countries—UAE, Bangladesh, China (including Hong Kong), Turkey, Egypt, Kenya, and Nepal—during Fiscal Years 2023, 2024, and 2025.
Choice Capital Advisors Private Limited, based in Mumbai is the Lead Manager (BRLM) of Advance Agrolife IPO. Choice Capital Advisors Private Limited has handled (17) SME IPOs till date of which (76%) of the SME IPOs have been listed with listing gains. Read full review of Choice Capital Advisors Private Limited .
Advance Agrolife IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Advance Agrolife Financial Review Page
Merchant Banker(s) of Advance Agrolife IPO: Choice Capital Advisors Private Limited
Advance Agrolife IPO subscription was 56.90 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Advance Agrolife IPO listed at a listing price of 114.00 against the offer price of 100.00.
The current market price of Advance Agrolife is 108.30.
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