Advance Agrolife files drhp for IPO with SEBI, searching £ 135 by fresh edition | Einsmark news

Advance Agrolife Limited, an agriculturalchemical company that produces a wide range of agriculturalchemical products that supports the entire life cycle of crops, has submitted its concept of Redring Prospectus (DRHP) to the Capital Markets regulator, Securities and Exchange Board of India (Sebi), to raise funds through the initial public presentation (IPO). The IPO, with a face value of £ 10, is entirely a new issue of shares until 19,285.720 without any offer-for-sell component. The proceeds from the new edition to the scope of £ 135 for financing working capital requirements and general corporate purposes, according to the DRHP report of the company. The offer is made by the book building process, in which no more than 50% of the net offer is allocated to qualified institutional buyers, and no less than 15% and 35% of the net offer is assigned to non-institutional and retailers respectively. About the company, the company started commercial operations in 2002 with small -scale production, which was initially focused on the mixing of micronutrients fertilizers. Up to date, it manufactures technical degree and formulating grade agriculturalchemical products through its integrated manufacturing facilities. The products designed by the business are used in the cultivation of large grain, vegetables and horticultural crops across both Agri-Seasons (Kharif and Rabi) in India. It produces formulating grade agricultural chemicals in various forms, such as water-distributable grains (“WDG”), suspension concentrate (“SC”), emulsifiable concentrate (“EC”), capaculating, wealthable powder (“WP”), etc. From the date of the draft Red Herring prospectus, the company acquired 404 generic registrations that exist 376 formulating degree registrations and 28 technical registrations for its agricultural chemical products. The company’s product portfolio contains insecticides, herbicides, fungicides and plant growth regulators. It also produces other agrochemical products such as micronutrients fertilizers and biofertilizers. The products are mainly sold domestically by direct sales to corporate customers on a B-2-B basis, across the country, especially in 19 states and 3 trade union areas. In addition to the ministry of the domestic market, the products were also exported to 7 countries, including the UAE, Bangladesh, China (including Hong Kong), Turkey, Egypt, Kenya and Nepal. Customer Base The company’s corporate customers in the company include DCM Shriram Limited, IFFCO MC Crop Science Private Limited, Indogulf Cropciences Limited, Mankind Agritech Private Limited, HPM Chemicals and Fertilizers Limited, Ulink Agritech Private Limited, and others. “In Fiscal 2024, from the 1.194 corporate customers, 98 have been associated with more than 3 years. The company works mainly through its three manufacturing facilities in Jaipur, and is well supported by a robust infrastructure, including dedicated storage for raw materials and completed goods. Disclaimer: The views and recommendations given in this article are those of individual analysts. This does not represent the views of coin. We advise investors to check with certified experts before making investment decisions. Catch all the business news, market news, news reports and latest news updates on Live Mint. Download the Mint News app to get daily market updates. Business NewsMarketsstock Marketsadvance Agrolife -files drhp for IPO with SEBI, searching £ 135 by fresh edition more