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Kolkata: September 2025 has inundated D Street with new issues. Record keepers say that the number of IPOs in September has set a record for the maximum number of new issues in a month in this century. Today, bidding is set to open for Advance Agrolife IPO, which is the last mainboard IPO in this record-setting month. From that perspective, Advance Agrolife IPO will be flagged for records.
The Advance Agrolife IPO has been designed mobilise Rs 192.86 crore through a fresh issue of 1.93 crore shares. There are no offer for sale in this issue. The bidding window will remain open from September 30 to October 3.
As available from investorgain, the Advance Agrolife IPO GMP stands at Rs 15 on the morning of September 30, the day of opening of the application process. With the price band of Rs 100, the estimated listing gain for Advance Agrolife IPO is 15%. Incidentally, the GMP rose from the level of Rs 10, where it was from September 25 to September 28. However, it must be remembered that GMP (Grey Market Premium) is an unofficial indicator that changes with time and cannot guarantee anything -- listing gain or loss.
Advance Agrolife IPO price band has been fixed at Rs 95-100. For a retail investor the minimum lot size that he/she can apply for is 150. Therefore, a retail investor needs a minimum amount of application money of Rs 15,000. For the sNII category of investors, the smallest lot is 2,100 shares while for the bNII category it is 10,050 shares.
The allotment for the Advance Agrolife IPO will be decided on October 6 and the shares will list on both BSE and NSE on October 8. Choice Capital Advisors is the book running lead manager and Kfin Technologies the registrar of the issue.
Advance Agrolife manufactures a range of agrochemical products which are used to cultivate cereals, vegetables and horticultural crops. The items they make are Agrochemicals (insecticides, herbicides, fungicides, and plant growth regulators), Fertilisers (micro-nutrient fertilisers and bio-fertilisers), technical grade products (raw active ingredients used in the production of pesticides, herbicides, fungicides, and fertilisers). The company has three manufacturing facilities in Jaipur, Rajasthan.
(Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, precious metals, commodity, REITs, INVITs, any form of alternative investment instruments and crypto assets.)
