Mumbai : Shares of Advance Agrolife, which is an agrochemical company, debut on the exchange to close at 8.3 % premium.

The scrip listed at Rs 113 and Rs 114 per share on the BSE and NSE respectively. Immediately after the listing, the stock showed impressive upside movement and closed the day with a premium. The company’s share price closed at Rs 108.2 per share on the BSE, an 8.2 % premium, and at Rs 108.3 per share on the NSE, an 8.3% premium.

As per NSE, the total quantity traded stood at 90.17 lakh shares, on BSE the total Quantity stood at 11.41 lakh shares. Total Turnover (BSE+NSE) on Day 1 stood at Rs 114 crore.

The Market Capitalisation of the Company at today’s closing price stood at Rs 695.8 crore as per BSE and Rs 696.2 crore as per NSE.

The company had offered Rs 192.85 crore issue for subscription from September 30 to October 3. This garnered substantial interest, and the offer was subscribed 56.85 times. Qualified Institutional Investors Portion and Non-institutional investor portion were subscribed 27.3 times and 175.3 times respectively. Retail Investors Portion was subscribed 23.06 times.

Incorporated in 2002, the company is an agrochemical company engaged in manufacturing a wide range of agrochemical products that support the entire lifecycle of crops. Its products are designed for use in the cultivation of major cereals, vegetables, and horticultural crops across both agri-seasons (Kharif and Rabi) in India. 

As on the date of March 31st 2025, the company has received 410 generic registrations comprising of 380 formulation grade registration and 30 technical grade registration for its agrochemicals. Its major product portfolio includes insecticides, herbicides, fungicides, plant growth regulators. The company also manufactures other agrochemical products such as micro-nutrient fertilizers and bio fertilizers. Further, as on date, the company manufactures technical grade and formulation grade agrochemicals products through its integrated manufacturing facilities. 

Choice Capital Advisors is the book-running lead managers; and Kfintech Technologies is the registrar of the offer.