RHP Link: https://www.sebi.gov.in/
Mumbai, September 25, 2025: Advance Agrolife Limited has fixed the price band of ₹ 95 to ₹ -100 per Equity Share of face value ₹10/- each for its maiden initial public offer.
The Initial Public Offering (“IPO” or “Offer”) of the Company will open on, September 30, 2025, for subscription and close on, October 3, 2025. Investors can bid for a minimum of 150 Equity Shares and in multiples of 150 Equity Shares thereafter.
The IPO is a fresh issue of 19,285,720 shares.
The proceeds from the fresh issue to the extent of Rs 135 crore will be utilised for funding working capital requirements, and general corporate purposes.
Incorporated in 2002, the company is an agrochemical company engaged in manufacturing a wide range of agrochemical products that support the entire lifecycle of crops. Its products are designed for use in the cultivation of major cereals, vegetables, and horticultural crops across both agri-seasons (Kharif and Rabi) in India.
As on the date of March 31st 2025, the company has received 410 generic registrations comprising of 380 formulation grade registration and 30 technical grade registration for its agrochemicals. Its major product portfolio includes insecticides, herbicides, fungicides, plant growth regulators. The company also manufactures other agrochemical products such as micro-nutrient fertilizers and bio fertilizers. Further, as on date, the company manufactures technical grade and formulation grade agrochemicals products through its integrated manufacturing facilities.
Technical grade refers to raw, unprocessed forms of active ingredients used in the production of agrochemical formulations such as pesticides, herbicides, fungicides, and fertilizers (Technicals/Technical Grade). Formulations grade is finished products that combine active ingredients, which target pests, weeds, or plant diseases, with additives that enhance performance, stability, and usability (Formulations/Formulation Grade). These components are carefully blended in specific proportions to achieve well-defined target characteristics, ensuring effective crop protection solutions.
The company manufactures formulation grade agrochemical in various forms such as water dispersible granules (WDG), suspension concentrate (SC), emulsifiable concentrate (EC), capsule suspension, Wettable Powder (WP), etc. Its products are primarily sold domestically through direct sales to corporate customers on B-2-B basis, across the country, particularly in 19 states and two union territories. In addition to serving domestic market, its products are also exported to seven countries including UAE, Bangladesh, China (including Hong Kong), Turkey, Egypt, Kenya and Nepal during the Fiscal 2025, Fiscal 2024 and Fiscal 2023.
The company supplies its products to corporate customers who market them under their own brand names and their sales strategies. And these customers utilize their distribution networks and market presence to ensure widespread availability of its agrochemical solutions.
Also, by leveraging its reach and expertise, the company’s products effectively serve farmers and agricultural businesses across diverse regions, supporting crop protection and growth on a large scale. Some of its marquee corporate customers include DCM Shriram Limited, IFFCO MC Crop Science Private Limited, Indogulf Cropsciences Limited, Mankind Agritech Private Limited, HPM Chemicals And Fertilizers Limited, ULink AgriTech Private Limited, amongst other.
And for Fiscal 2025, Fiscal 2024, and Fiscal 2023, the company served 849, 1,194 and 1,135 corporate customers, respectively. In Fiscal 2025, out of the total 849 corporate customers, 94 have been associated with us for more than three years.
Its ability to maintain long-term partnerships is a testament to the company’s consistent product quality, customer-centric approach, and commitment to innovation in the agrochemical industry. Since 2008, the company has manufactured 2,33,197.06 tonnes of agrochemical products.
For the Fiscal 2025, Fiscal 2024, and Fiscal 2023, the company manufactured a total of 44,276.76 tonnes, 40,021.56 tonnes and 34,343.79 tonnes of formulation and technical (from October 2025) grade agrochemical product, generating revenue of ₹501.9 crore, ₹455.3 crore and ₹397 crore, respectively.
In April 2024, the company shifted all its B2C marketing activities to HOK Agrichem Private Limited and post April 2024, it is operating in only B2B segment. To consolidate its business operations, enhance control and monitoring, and streamline processes, the company is proposing to acquire HOK Agrichem Private Limited
The company’s revenue from operations was Rs 502.2 crore during FY25 vis-à-vis Rs 397.8 crore during FY23.
Its net profit was Rs 25.6 crore during FY23 vis-à-vis Rs 14.8 crore during FY23.
Choice Capital Advisors is the book-running lead managers; and Kfintech Technologies is the registrar of the offer.
The Offer is being made through the book-building process, wherein not more than 50% of the net offer is allocated to qualified institutional buyers, and not more than 15% and 35% of the net offer is assigned to non-institutional bidders and retail individual bidders respectively.
1 comment:
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