Advance Agrolife IPO Day 3: GMP, Subscription Status & Should You Apply?

The Advance Agrolife Limited IPO, open since September 30, 2025, is now on Day 3 of subscription and will remain open until October 3, 2025. The mainboard IPO, aimed at raising ₹192.68 crore through fresh shares, is proposed for listing on the BSE and NSE.

The company has fixed its price band at ₹95–100 per equity share, with one lot comprising 150 shares.

Grey Market Premium (GMP)

As of October 3, 2025, Advance Agrolife shares are trading at a ₹15 premium in the grey market, suggesting strong market interest and potential listing gains.

IPO Subscription Status

By 10:18 AM on Day 3, the IPO recorded:

• Overall subscription: 3.58x

• Retail segment: 2.28x

• Non-Institutional Investors (NII): 6.72x

• Qualified Institutional Buyers (QIB): 3.51x

Expert Reviews & Ratings

BP Equities: “Subscribe” – At the upper price band, P/E 18x FY25 earnings, cheaper than industry peers. Strong margins and return ratios position the company well for sustainable growth.

Marwadi Shares & Finance: “Subscribe” – Post-issue P/E ~25x vs peers (Dharmaj Crop Guard ~30x, Insecticides India ~15x, PI Industries ~33x, Sharda Cropchem ~18x). Established customer base, diversified agrochemical products, and reasonable valuation.

Canara Bank Securities & YA Wealth: Buy – Both recommend investing for medium to long-term potential.

Key IPO Dates

• IPO Open: September 30, 2025

• IPO Close: October 3, 2025

• Allotment Finalisation: October 4, 2025 (or October 6, 2025, if delayed)

• Listing Date: October 8, 2025

Registrar: KFin Technologies
Lead Manager: Choice Capital Advisors

Expert Take: The IPO offers exposure to India’s agrochemical sector with strong fundamentals and industry tailwinds. Investors seeking medium to long-term growth may consider applying, while conservative investors may monitor post-listing performance before investing.

Disclaimer: Views are of analysts/brokerages and do not reflect AIS opinion. Consult a financial advisor before investing.