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India’s crop protection industry stands as the world’s fourth-largest producer, contributing 14% of global market share and trailing only the USA, Japan, and China. The global crop protection market grew at a CAGR of 6.2% during 2019-2024, reaching USD 105.78 billion in 2024 despite a 2.4% decline in 2023 due to global demand slowdown and erratic monsoons. India’s domestic pesticides market demonstrated robust growth at a CAGR of 10.9% from USD 814 million in 2019 to USD 1,367 million in 2024, with demand projected to rise from 61,097 tonnes in FY20 to 89,170 tonnes by FY36. The Asia-Pacific region dominates global consumption with 42% market share, while India’s demand is driven by expanding population and modernized agricultural practices, with the FAO estimating 40% of food crops are lost annually due to plant pests and diseases.
| Detail | Information |
|---|---|
| IPO Open Date | Sep 30, 2025 |
| IPO Close Date | Oct 03, 2025 |
| Price Band | ₹95– ₹100 per share |
| Lot Size | 150 shares |
| Issue Size | ₹1,928 million |
| Listing At | BSE, NSE |
| Tentative Listing Date | To be announced |
Advance Agrolife Limited, is an integrated agrochemical manufacturer with 410 generic registrations comprising 380 formulation grade and 30 technical grade products serving the entire crop lifecycle. The company operates through three strategically located manufacturing facilities in Rajasthan with a combined installed capacity of 89,900 MTPA, producing insecticides, herbicides, fungicides, and plant growth regulators across both Kharif and Rabi seasons. Serving 849 corporate customers including marquee clients like DCM Shriram Limited, IFFCO MC Crop Science, and Indogulf Cropsciences, Advance Agrolife has manufactured over 233,197 MT of agrochemical products since inception. The company primarily operates in the B2B segment across 19 states and 2 union territories domestically, while also exporting to seven countries, demonstrating strong operational capabilities with dedicated quality control infrastructure supporting India’s agricultural sector.
Advance Agrolife Limited demonstrated strong financial performance with revenue from operations growing at a robust CAGR of 12.36% over FY23-FY25 to reach ₹5,022.60 million in FY25, up from ₹3,978.06 million in FY23, reflecting the company’s expanding market presence and operational capabilities in India’s agrochemical sector. The company achieved exceptional profitability growth with EBITDA expanding at an impressive CAGR of 37.87% from ₹250.56 million in FY23 to ₹476.29 million in FY25, while EBITDA margin strengthened significantly from 6.3% to 9.48%, showcasing improved operational efficiency and cost management. Net profit after tax grew at a strong CAGR of 31.32% from ₹148.68 million in FY23 to ₹256.38 million in FY25, with net profit margin improving from 3.74% to 5.10% in FY25, demonstrating the company’s ability to translate revenue growth into enhanced bottom-line profitability. The company maintained healthy return ratios with ROE of 29.11% and ROCE of 27.02% in FY25, underscoring strong profitability and efficient capital utilization.
Objects of the issue:
- Funding working capital requirements of the Company – ₹1,350.00 million
- General corporate purposes
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