Advance Agrolife’s IPO has generated strong investor enthusiasm, with Day 3 subscription crossing 1.87 times overall. The Jaipur-based agrochemical firm is raising nearly Rs 193 crore, with its shares priced between Rs 95-100 each. The grey market premium (GMP) surged to Rs 15, reflecting market optimism about a promising listing.
Key Subscription Highlights
-
Retail investors subscribed 1.22 times of allocated shares, showing steady retail interest.
-
Qualified Institutional Buyers (QIBs) led the charge with a massive 3.5 times subscription, indicating strong institutional confidence.
-
Non-Institutional Investors also showed healthy interest with 1.22 times subscription.
How To Approach This IPO
-
Minimum investment for retail investors is Rs 15,000 (150 shares).
-
The IPO proceeds will be primarily used to fund working capital and corporate objectives.
-
Expected listing on BSE and NSE is October 8.
Given the positive GMP and subscription data, Advance Agrolife IPO presents a compelling opportunity, but investors should evaluate their risk appetite and market conditions before bidding.
Sources: Economic Times, NDTV Profit, Chittorgarh.com October 2025