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Advance Agrolife Ltd
Agro ChemicalsIPO
₹100 - 100
We are an agrochemical company engaged in manufacturing a wide range of agrochemical products that support the entire lifecycle of crops. Our 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 this Red Herring Prospectus, we have received four hundred and ten (410) generic registrations comprising of three hundred and eighty (380) Formulation Grade registration and thirty (30) Technical Grade registration for the agrochemicals.
Lot150Min Invest₹15,000Face Value₹10Issue Size₹193 CrFresh Issue₹193 CrListing Price₹113CMP₹136
Timeline
30 Sept
Bidding opens
3 Oct
Bidding closes
6 Oct
Allotment
7 Oct
Refund & demat credit
8 Oct
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹193 Cr1.93 Cr shares
Fresh Issue₹193 Cr
Face Value₹10
Lot Size150 shares
ReservationQIB 50% · NII 15% · RETAIL 35%
Application Sizes
Retail₹15,0001-13 lots
sNII₹2,10,000from 14 lots
bNII₹10,05,000from 67 lots
Managers & Registrar
Lead ManagerChoice Capital Advisors Pvt Ltd
RegistrarKFin Techologies Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group99.84%69.9%Public0.16%30.1%
Objects of the Issue
- Funding working capital requirements of the company
- General corporate purposes
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|---|
| RevenueCr | 398 | 456 | 502 | 638 | 800 |
| Operating ProfitCr | 25 | 39 | 48 | 64 | 82 |
| OPM% | 6.3 | 8.5 | 9.5 | 10.0 | 10.2 |
| PBTCr | 20 | 33 | 35 | 48 | 66 |
| PATCr | 15 | 25 | 26 | 35 | 49 |
| EPS | 3 | 6 | 6 | 7 | 9 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|---|
| Equity CapitalCr | 5 | 5 | 45 | 64 | - |
| ReservesCr | 46 | 71 | 56 | 246 | - |
| BorrowingsCr | 25 | 45 | 80 | 98 | - |
| Fixed AssetsCr | - | - | 66 | 83 | - |
| Total AssetsCr | 179 | 260 | 351 | 625 | - |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|---|
| Operating Cash FlowCr | 6 | 15 | 6 | -70 | - |
| Investing Cash FlowCr | -8 | -31 | -34 | -108 | - |
| Financing Cash FlowCr | 1 | 17 | 28 | 183 | - |
| Net Cash FlowCr | 0 | 0 | 0 | 5 | - |
Strengths & Risks
Strengths · as stated in the DRHP
- Established, integrated manufacturing setup at strategic location.
- Diversified product portfolio of agrochemical products.
- Established customer base and strong relationships.
- Strong Promoters and experienced management team.
- Track Record of healthy growth.
Strategies · as stated in the DRHP
- Strengthening our foothold in our existing markets and expanding our customer base.
- Augmenting capacity by setting up a new manufacturing facility.
- Continue to obtain registrations to increase our portfolio of products.
- Proposed acquisition to streamline business operations.
- Focus on cost optimization.
- Strategic Focus on Research & Development.
Risks · as stated in the DRHP
- Any change in Government policies towards the agriculture sector or a reduction in subsidies and incentives provided to farmers could adversely affect our business and results of operations.
- Our Manufacturing Facilities, Registered Office and Corporate Office are located in Jaipur in the state of Rajasthan, India, which exposes our operations to potential geographical concentration risks arising from local and regional factors which may adversely affect our operations and in turn our business, results of operations and cash flows.
- We depend on a few suppliers for the supply of raw materials. Any failure to procure such raw materials from these suppliers may have an adverse impact on our manufacturing operations and results of operations.
- We are subject to stringent technical specifications and quality requirements in relation to our Technical and Formulation grade of agrochemicals. Our failure to comply with the quality standards and technical specifications may lead to loss of business from customers and could negatively impact our reputation, which would have an adverse impact on our business prospects and results of operations.
- We have recently commenced production of technical grade agrochemical products and have a limited production history in this segment, which may impact our ability to operate and grow this business successfully.
- Our business is sensitive to weather patterns, seasonal factors and climate change, which can impact demand for our products and adversely affect our business, results of operations and financial condition.