Advance Agrolife IPO Frenzy: 50x Subscription on Final Day, ₹115 Grey Market Listing & 15% Gains Expected
Advance Agrolife’s ₹192.86 crore IPO closed October 3 after being oversubscribed nearly 55 times, with non-institutional bids at 174 times. Shares are expected to list October 8 on BSE and NSE. Unofficial grey market trades value the stock at ₹115, a 15% premium over the ₹100 issue price. The Jaipur-based agrochemical maker reported FY25 revenue of ₹502 crore and profit of ₹25.6 crore.