Advance Agrolife Limited, a leading agrochemical company, has filed its Draft Red Herring Prospectus (DRHP) with SEBI to raise ₹135 crore through an Initial Public Offering (IPO). The IPO will comprise a fresh issue of up to 19,285,720 shares, with no offer-for-sale component, meaning all proceeds will go directly to the company for growth initiatives.

Purpose of the IPO

The primary objective of the IPO is to fund working capital requirements and support general corporate purposes. The company intends to strengthen its manufacturing capabilities, expand its product portfolio, and improve market reach, especially in both domestic and international markets.

IPO Structure

The offer will follow a book-building process, with shares allocated as follows:

• 50% of the net offer reserved for Qualified Institutional Buyers (QIBs).

• 15% of the net offer allocated to Non-Institutional Investors (NIIs).

• 35% of the net offer reserved for Retail Individual Investors (RIIs).

This structured approach ensures wide investor participation, from institutional buyers to retail investors.

About Advance Agrolife

Founded in 2002, Advance Agrolife specializes in the manufacturing of agrochemical products used for crop protection and enhancement. The company produces a diverse range of insecticides, herbicides, fungicides, plant growth regulators, and biofertilizers.

The company has three integrated manufacturing facilities in Jaipur, well-equipped with storage infrastructure for raw materials and finished goods. As of September 30, 2024, the total installed production capacity stood at 89,900 MTPA.

Product Portfolio and Market Reach

Advance Agrolife manufactures Technical Grade and Formulation Grade agrochemicals, covering:

• Water-Dispersible Granules (WDG)

• Suspension Concentrates (SC)

• Emulsifiable Concentrates (EC)

• Capsule Suspension (CS)

• Wettable Powders (WP)

These products are essential for both Kharif and Rabi crops, ensuring a steady demand across agricultural seasons.

Regulatory Approvals and Registrations

The company has obtained 404 generic registrations, including:

• 376 Formulation-Grade Registrations

• 28 Technical-Grade Registrations

These approvals enable the company to manufacture and distribute a broad spectrum of agrochemicals.

Domestic and International Presence

Advance Agrolife has a strong domestic presence, supplying its products across 19 states and 3 union territories in India. It primarily operates in a B2B model, catering to corporate customers.

On the international front, the company exports to seven countries, including:

• UAE

• Bangladesh

• China (including Hong Kong)

• Turkey

• Egypt

• Kenya

• Nepal

Key Clients and Business Partnerships

The company boasts a strong client base of 1,194 corporate customers, with 98 customers associated for over three years. Notable clients 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

These long-term partnerships demonstrate trust and reliability in Advance Agrolife's products.

Financial Outlook and Growth Potential

With its strong market position, diversified product portfolio, and growing demand for agrochemicals, Advance Agrolife is well-positioned to capitalize on India's booming agriculture sector. The ₹135 crore IPO will enable the company to scale operations, strengthen supply chain networks, and explore new market opportunities.

As investors eye new IPOs, Advance Agrolife's public offering is expected to generate significant interest, given the growing importance of agrochemical solutions in modern farming.

The Current active IPO are Infonative Solutions Limited,Spinaroo Commercial Limited.

The Closed IPOs are  Retaggio Industries Limited.