Advance Agrolife IPO
Advance Agrolife Limited (ADVANCE) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 08 October 2025.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +16.3% (likely range -1% to +38%), day's high +19.3%, chance of a gain 82%. Actual: +14.0% at the open, +14.5% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 38,51,144 | 10,51,55,850 | 27.3x | |
| NII (HNI) total | 28,88,358 | 50,63,28,000 | 175x | |
| Big NII (above ₹10 lakh) | 19,25,572 | 38,90,83,500 | 202x | |
| Small NII (₹2-10 lakh) | 9,62,786 | 11,72,44,500 | 122x | |
| Retail | 67,39,502 | 15,54,00,450 | 23.1x | |
| Employees | 30,000 | 11,52,600 | 38.4x | |
| Total | 1,35,09,004 | 76,80,36,900 | 56.9x |
Bids on NSE and BSE together, as published by NSE, as of 03 Oct 2025, 07:00 PM. Shares offered exclude the anchor portion. 16% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Advance Agrolife's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Neogen ChemicalsApr 2019 | 30.5x | 114x | 16.1x | 41.2x | ₹133 Cr | +16.7% | +22.6% |
| Jinkushal IndustriesSep 2025 | 35.7x | 146x | 47.1x | 65.1x | ₹116 Cr | +3.3% | +4.9% |
| GNA AxlesSep 2016 | 17.2x | 217x | 11.8x | 54.9x | ₹130 Cr | +21.7% | +26.5% |
| TeamLease ServicesFeb 2016 | 27.0x | 185x | 10.6x | 66.0x | ₹450 Cr | +1.2% | +21.4% |
| Amanta HealthcareSep 2025 | 35.9x | 209x | 55.0x | 82.6x | ₹126 Cr | +7.1% | +12.5% |
| Scoda TubesMay 2025 | 69.5x | 113x | 19.4x | 53.8x | ₹237 Cr | 0.0% | +5.0% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Choice Capital Advisors | 9 | +24.8% | 100% |
Offer documents (NSE)
Frequently asked
What is the Advance Agrolife IPO price band and lot size? ₹95.0–100 per share, with a lot of 150 shares, so the smallest retail bid is ₹15,000.
How many times has it been subscribed? 56.9x overall: QIB 27.3x, NII 175x, retail 23.1x, employees 38.4x.
How did it list? It opened at ₹114, +14.0% against the issue price of ₹100, and closed its first day +8.3%.
