Advance Agrolife Ltd IPO

The IPO opens on 30 Sept 2025 & closes on 03 Oct 2025.

Advance Agrolife Limited was originally incorporated as Advance Micro Fertilizers Private Limited, a private limited company under the erstwhile Companies Act, 1956, pursuant to a certificate of incorporation dated February 27, 2002, issued by the Registrar of Companies, Jaipur. Subsequently, pursuant to a resolution passed by our Board dated December 9, 2020 and a special resolution passed by our Shareholders dated January 6, 2021, the name of our Company was changed from Advance Micro Fertilizers Private Limited' to Advance Agrolife Private Limited' and a fresh certificate of incorporation dated February 3, 2021 was issued by the Registrar of Companies, Jaipur. Upon the conversion of our Company to a public limited company, pursuant to a resolution passed by our Board dated October 19, 2024 and a special resolution passed by our Shareholders dated November 13, 2024, the name of our Company was changed from Advance Agrolife Private Limited' to Advance Agrolife Limited ' and a fresh certificate of incorporation dated December 04, 2024, was issued by the Registrar of Companies, Central Processing Centre. Advance Agrolife is an agrochemical company engaged in manufacturing a wide range of agrochemical products that support the entire lifecycle of crops. Their products are designed for use in the cultivation of major cereals, vegetables, and horticultural crops across both agri-seasons (Kharif and Rabi) in India. Agrochemicals Crop protection products are designed to protect crops from insects, diseases and weeds. They do so by controlling pests that infect, consume or damage crops. Uncontrolled pests significantly reduce the quantity and quality of food production. The Company commenced its commercial operations in 2002 with small-scale production, initially focused on mixing micro-nutrient fertilizers. It established the Manufacturing Facility I in 2007 and this facility served as the foundation of manufacturing capabilities, to the agricultural sector's demand for essential crop nutrition solutions while laying the groundwork for subsequent product diversification and capacity expansion. The Company started the production of two formulation products, i.e. granules and dust pesticide formulation. In 2012, it further diversified formulation portfolio with the introduction of WP (Wettable Powder), WDG (Water Dispersible Granules), EC (Emulsifiable Concentrate), and SC (Suspension Concentrate). Further, in 2018, it established Manufacturing Facility II to strengthen the sulphur-based formulation capabilities, including the production of Sulphur 80% WDG, supported by spray drying facility. To meet growing demand, it established Manufacturing Facility III in 2023, further expanding the formulation-based production capacity. In 2024 Company expanded portfolio to include insecticides and fungicides and also, implemented a backward integration strategy, transitioning Manufacturing Facility I to focus solely on Technical-grade manufacturing, while shifting all formulation grade production to Manufacturing Facility II and Manufacturing Facility III. Company is planning an IPO by making a fresh issue equity shares of 19,285,720 of Rs 10/- each.

Advance Agrolife Ltd IPO will close on 03 Oct 2025.

<ul><li>Established, integrated manufacturing setup at strategic location.</li><li>Diversified product portfolio of agrochemical products.</li><li>Established customer base and strong relationships.</li><li>Strong Promoters and experienced management team.</li><li>Track Record of healthy growth.</li></ul>

<table class="table"> <thead> <tr> <th>S.No</th> <th>Promoters Name</th> <th>Pre Issue Shares</th> <th>Pre Issue Percentage</th> <th>Post Issue Shares</th> <th>Post Issue Percentage</th> </tr> </thead> <tbody> <tr> <td>1</td> <td>Om Prakash Choudhary</td> <td>24376380</td> <td>54.17</td> <td>24376380</td> <td>37.92</td> </tr> <tr> <td>2</td> <td>Kedar Choudhary</td> <td>16223220</td> <td>36.05</td> <td>16223220</td> <td>25.24</td> </tr> <tr> <td>3</td> <td>Geeta Choudhary</td> <td>1630000</td> <td>3.62</td> <td>1630000</td> <td>2.54</td> </tr> <tr> <td>4</td> <td>Manisha Choudhary</td> <td>1476400</td> <td>3.28</td> <td>1476400</td> <td>2.3</td> </tr> <tr> <td>5</td> <td>Kamla Devi Jat</td> <td>1224000</td> <td>2.72</td> <td>1224000</td> <td>1.9</td> </tr> </tbody> </table>

<ul><li>Any change in Government policies towards the agriculture sector or a reduction in subsidies and incentives provided to farmers could adversely affect our business and results of operations.</li><li>Our Manufacturing Facilities, Registered Office and Corporate Office are located in Jaipur in the state of Rajasthan, India, which exposes our operations to potential geographical concentration risks arising from local and regional factors which may adversely affect our operations and in turn our business, results of operations and cash flows.</li><li>We depend on a few suppliers for the supply of raw materials. Any failure to procure such raw materials from these suppliers may have an adverse impact on our manufacturing operations and results of operations.</li><li>We are subject to stringent technical specifications and quality requirements in relation to our Technical and Formulation grade of agrochemicals. Our failure to comply with the quality standards and technical specifications may lead to loss of business from customers and could negatively impact our reputation, which would have an adverse impact on our business prospects and results of operations.</li><li>We have recently commenced production of technical grade agrochemical products and have a limited production history in this segment, which may impact our ability to operate and grow this business successfully.</li><li>Our business is sensitive to weather patterns, seasonal factors and climate change, which can impact demand for our products and adversely affect our business, results of operations and financial condition.</li><li>We derive significant portion of our revenue from the sale of Formulation Grade agrochemical products, and any decline in demand or pricing for these products could adversely affect our business, financial condition, and results of operations.</li><li>We do not own some of the premises from where we operate. </li><li>Our ability to access capital at attractive costs depends on our credit ratings. Non-availability of credit ratings or a poor rating may restrict our access to capital and thereby adversely affect our business and results of operations.</li><li>Our Company, Promoters, Directors and Senior Management Personnel are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.</li><li>We are subject to potential product liability claims, which could adversely affect our business, financial condition, results of operations, and reputation.</li><li>We face competition in relation to our offerings, including from competitors that may have greater financial and marketing resources. Failure to compete effectively may have an adverse impact on our business, financial condition, results of operations and prospects.</li><li>Any change in Government policies towards the agriculture sector or a reduction in subsidies and incentives provided to farmers could adversely affect our business and results of operations.</li><li>We have significant working capital requirements and our inability to meet such working capital requirements may have an adverse effect on our results of operations.</li><li>We require certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate our business, any failure to obtain, retain and renew such approvals and licences or comply with such rules and regulations may adversely affect our operations.</li><li>Continued operations at our Manufacturing Facilities are critical to our business and any disruption in our Manufacturing Facilities would have a material adverse effect on our business, results of operations and financial condition.</li><li>We are exposed to credit risk from our customers and the recoverability of our trade receivables is subject to uncertainties.</li><li>Our Company intends to utilize a portion of the Net Proceeds of the Issue towards the working capital requirements of our Company which are based on certain assumptions and estimates and have not been appraised by any bank or financial institution. </li><li>Under-utilization of our manufacturing capacities and an inability to effectively utilize our manufacturing capacities could have an adverse effect on our business, future prospects and future financial performance.</li><li>There may have been certain instances of non-compliances with respect to certain corporate actions taken by our Company in the past. Consequently, we may be subject to regulatory actions and penalties.</li><li>We have contingent liabilities and our financial condition could be adversely affected if any of these contingent liabilities materializes.</li><li>We are dependent on third-party transportation providers for the supply of materials for our manufacturing process and delivery of our finished products.</li><li>We have sustained negative cash flows from operating activities in the past and may experience earnings declines or operating losses or negative cash flows from operating activities in the future.</li><li>We enter into certain related party transactions in the ordinary course of our business and we cannot assure you that such transactions will not adversely affect our business, results of operations, profitability and margins, cash flows and financial condition.</li><li>Our lenders have charge over our movable and immovable properties in respect of finance availed by us.</li><li>We currently hold product registrations for our Formulation Grade agrochemical products in a limited number of Indian states, and any delay or failure in obtaining or maintaining additional registrations may restrict our ability to expand operations and adversely affect our business, financial condition, and results of operations.</li><li>The increasing adoption of alternative pest management and crop protection methods, including biotechnology products, genetically modified crops, and natural farming practices, may reduce demand for our products and adversely affect our business, financial condition, and results of operations.</li><li>We are subject to restrictive covenants under our financing agreements that could limit our flexibility in managing our business or to use cash or other assets. Any defaults could lead to acceleration of our repayment obligations, cross defaults under other financing agreements, termination of one or more of our financing agreements or force us to sell our assets, which may adversely affect our cash flows, business, results of operations and financial condition.</li><li>Our inability to effectively manage our growth or successfully implement our business strategies may adversely affect our business, financial condition, and results of operations.</li><li>Our Promoter has provided personal property as collateral for borrowings availed by the Company.</li><li>Shortage or unavailability of electricity or fuel could affect our manufacturing operations and may have an adverse effect on our business, results of operations and financial condition.</li><li>We typically do not enter into long-term agreements with our sub-contractors, which could have a material adverse effect on our business, results of operations and financial condition.</li><li>We may be subject to increasing scrutiny and opposition from activist groups regarding the safety and environmental impact of agrochemical products, and inappropriate use of our products by end users may lead to adverse consequences.</li><li>There are certain instances of delays in payment of statutory dues. Any delay in payment of statutory dues or non-payment of statutory dues in dispute may attract financial penalties from the respective government authorities, which may have an adverse impact on our financial condition and cash flows.</li><li>Information relating to the historical installed capacities of our Manufacturing Facilities included in this Draft Red Herring Prospectus may be based on certain assumptions and estimates by the independent chartered engineer verifying such information and future production and capacity utilization may vary.</li><li>Exchange rate fluctuations may adversely affect our business, results of operations and cash flow.</li><li>We may not be able to adequately protect our intellectual property, which may adversely affect us.</li><li>Inaccurate demand forecasting or disruptions in our supply chain may lead to inventory imbalances or loss of business, which could adversely affect our operations and financial performance.</li><li>Some of our Promoters have provided personal guarantees as security for certain facilities availed by our Company. If these guarantees are revoked, we may be unable to procure alternative guarantees satisfactory to our lenders, which may adversely affect our business, results of operations, cash flows and financial condition.</li><li>Our insurance policies may not be adequate to cover all losses incurred in our business. An inability to maintain adequate insurance cover to protect us from material adverse incidents in connection with our business may adversely affect our operations and profitability. </li><li>If we are unable to establish and maintain effective internal controls and compliance system, our business and reputation could be adversely affected. </li><li>Our growth strategy to enter international markets exposes us to certain risks, which may adversely affect our business, financial condition, results of operations and prospects.</li><li>Certain sections of this Draft Red Herring Prospectus disclose information from the CareEdge Report which has been commissioned and paid for by us exclusively in connection with the Issue and any reliance on such information for making an investment decision in the Issue is subject to inherent risks.</li><li>None of the Directors of the Company have experience of being a director of a public listed company. </li><li>We may be unable to attract and retain employees with the requisite skills, expertise and experience, which would adversely affect our operations, business growth and financial results. </li><li>Our growth strategy to acquire a promoter group entity may expose us to certain risks, which may adversely affect our business, financial condition, results of operations and prospects.</li><li>Our funding requirements and the proposed deployment of Net Proceeds have not been appraised by any bank or financial institution or any other independent agency and our management will have broad discretion over the use of the Net Proceeds. </li><li>Activities involving our manufacturing process can be dangerous and can cause injury to people or property in certain circumstances. A significant disruption at any of our Manufacturing Facilities may adversely affect our production schedules, costs, revenue and ability to meet customer demand.</li><li>We are dependent on our Promoters for functioning of our business and we believe that our senior management team and other key managerial personnel in our business are critical to our continued success and we may be unable to attract and retain such personnel in the future.</li><li>Changes in technology may affect our business by making our Manufacturing Facilities or equipment less competitive or obsolete.</li><li>Our operations are significantly dependent on our ability to successfully identify market requirements and customer preferences and gain customer acceptance for our products. </li><li>Our operations may be materially adversely affected by strikes, work stoppages or increased compensation demands by our employees. </li><li>Our Company's Directors or Promoters may enter into ventures that may lead to real or potential conflicts of interest with our business.</li><li>Failure or disruption of our information and technology ("IT") and/ or enterprise resources planning systems may adversely affect our business, financial condition, results of operations and future prospects. </li><li>Any variation in the utilization of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.</li><li>Our Promoters and members of the Promoter Group will continue jointly to retain majority control over our Company after the Issue, which will allow them to determine the outcome of matters submitted to shareholders for approval.</li><li>Our future funds requirements, in the form of issue of capital or securities and/or loans taken by us, may be prejudicial to the interest of the shareholders depending upon the terms on which they are eventually raised.</li><li>Our ability to pay dividends in the future will depend upon our future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in our financing arrangements.</li><li>Our Promoters, some of our Directors and some of our KMPs and SMPs are interested in our Company, in addition to regular remuneration or benefits and reimbursement of expenses.</li><li>We could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect our financial condition, results of operations and reputation.</li><li>Any future issuance of Equity Shares, or convertible securities or other equity linked securities by our Company may dilute your shareholding and any sale of Equity Shares by our Promoters or members of our Promoter Group may adversely affect the trading price of the Equity Shares.</li><li>Rights of shareholders under Indian laws may be more limited than under the laws of other jurisdictions.</li><li>QIB and Non-Institutional Investors are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid. </li><li>We have in this Draft Red Herring Prospectus included certain non-GAAP financial measures and certain other industry measures related to our operations and financial performance. These nonGAAP measures and industry measures may vary from any standard methodology that is applicable across the industry, and therefore may not be comparable with financial or industry related statistical information of similar nomenclature computed and presented by other companies.</li><li>Our manufacturing facilities, supply chains, and primary customer base are located within India, with limited exposure to international markets.</li><li>Inability to meet quality standards prescribed by regulatory authorities in India and export markets may adversely impact our business, reputation, and operations.</li><li>In the event of abnormal or exceptional circumstances, the Company may incur significant or material losses on account of bad debts, which could adversely affect its financial condition and results of operations.</li><li>Our Company intends to utilize a portion of the Net Proceeds of the Issue towards meeting the significant working capital requirements of our Company which are based on certain assumptions and estimates and have not been appraised by any bank or financial institution.</li><li>Our Statutory Auditors has included a remark in connection with the Companies (Auditor's Report) Order, 2020/ Companies (Auditor's Report) Order, 2016.</li><li>We are exposed to credit risk from our customers and the recoverability of our trade receivables is subject to uncertainties. We generally extend a credit period to our customers, which exposes us to credit risk.</li><li>Our Company's Directors or Promoters may enter into ventures that may lead to real or potential conflicts of interest with our business.</li><li>A major portion of our revenue from operations is dependent upon a limited number of customers and the loss of any of these customers or loss of revenue from any of these customers could have a material adverse effect on our business, financial condition, results of operations and cash flows.</li><li>The increasing adoption of alternative pest management and crop protection methods, including biotechnology products, genetically modified crops, and natural farming practices, may reduce demand for our products and adversely affect our business, financial condition, and results of operations.</li><li>Our Manufacturing Facilities, Registered Office and Corporate Office are located in Jaipur in the state of Rajasthan, India, whereas a majority of our revenue from operations are generated from key agricultural belt states of India, including Rajasthan, Punjab, Uttar Pradesh, Haryana, Madhya Pradesh, and Gujarat which exposes our operations to potential geographical concentration risks arising from local and regional factors which may adversely affect our operations and in turn our business, results of operations and cash flows.</li><li>We depend on a few suppliers for the supply of raw materials. Any failure to procure such raw materials from these suppliers may have an adverse impact on our manufacturing operations and results of operations.</li><li>We are subject to stringent technical specifications and quality requirements in relation to our Technical and Formulation grade of agrochemicals. Our failure to comply with the quality standards and technical specifications may lead to loss of business from customers and could negatively impact our reputation, which would have an adverse impact on our business prospects and results of operations.</li><li>We may be subject to increasing scrutiny and opposition from activist groups regarding the safety and environmental impact of agrochemical products, and inappropriate use of our products by end users may lead to adverse consequences.</li><li>We derive significant portion of our revenue from the sale of Formulation Grade agrochemical products, and any decline in demand or pricing for these products could adversely affect our business, financial condition, and results of operations.</li><li>We do not own some of the premises from where we operate.</li><li>We are subject to restrictive covenants under our financing agreements that could limit our flexibility in managing our business or to use cash or other assets. Any defaults could lead to acceleration of our repayment obligations, cross defaults under other financing agreements, termination of one or more of our financing agreements or force us to sell our assets, which may adversely affect our cash flows, business, results of operations and financial condition.</li><li>Our Promoters and members of the Promoter Group will continue jointly to retain majority control over our Company after the Issue, which will allow them to determine the outcome of matters submitted to shareholders for approval.</li><li>Information relating to the historical installed capacities of our Manufacturing Facilities included in this Red Herring Prospectus may be based on certain assumptions and estimates by the independent chartered engineer verifying such information and future production and capacity utilization may vary.</li><li>We have recently commenced production of technical grade agrochemical products and have a limited production history in this segment, which may impact our ability to operate and grow this business successfully.</li><li>Our business is sensitive to weather patterns, seasonal factors and climate change, which can impact demand for our products and adversely affect our business, results of operations and financial condition.</li><li>Our ability to access capital at attractive costs depends on our credit ratings. Non-availability of credit ratings or a poor rating may restrict our access to capital and thereby adversely affect our business and results of operations.</li><li>Our Company, Promoters, Directors and Senior Management Personnel are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.</li><li>We are subject to potential product liability claims, which could adversely affect our business, financial condition, results of operations, and reputation.</li><li>We face competition in relation to our offerings, including from competitors that may have greater financial and marketing resources. Failure to compete effectively may have an adverse impact on our business, financial condition, results of operations and prospects</li><li>We require certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate our business, any failure to obtain, retain and renew such approvals and licences or comply with such rules and regulations may adversely affect our operations.</li><li>Continued operations at our Manufacturing Facilities are critical to our business and any disruption in our Manufacturing Facilities would have a material adverse effect on our business, results of operations and financial condition.</li><li>Under-utilization of our manufacturing capacities and an inability to effectively utilize our manufacturing capacities could have an adverse effect on our business, future prospects and future financial performance.</li><li>There may have been certain instances of non-compliances with respect to certain corporate actions taken by our Company in the past. Consequently, we may be subject to regulatory actions and penalties.</li><li>Any negative publicity may affect the Company's business, financial condition, and prospects.</li><li>Imposition of liquidated damages and potential customer claims could adversely affect our business, financial condition and results of operations.</li><li>Our estimates and forward-looking statements may prove to be inaccurate.</li><li>The Issue Price of our Equity Shares and price-to-earnings(P/E), may not reflect the trading price of our Equity Shares upon listing on the Stock Exchanges subsequent to the Issue and, as a result, you may lose a significant part or all of your investment.</li><li>Any non-compliance with the Legal Metrology Act and Rules could lead to regulatory action, operational disruption, and financial losses.</li><li>There can be no assurance that our Company will in all instances be in full compliance with applicable regulations of the international markets where our Company export the products.</li><li>We have contingent liabilities and our financial condition could be adversely affected if any of these contingent liabilities materializes..</li><li>We are dependent on third-party transportation providers for the supply of materials for our manufacturing process and delivery of our finished products.</li><li>We enter into certain related party transactions in the ordinary course of our business and we cannot assure you that such transactions will not adversely affect our business, results of operations, profitability and margins, cash flows and financial condition.</li><li>Investors should not place reliance on future issuances of bonus shares, which are dependent on availability of reserves and other commercial considerations.</li><li>Our lenders have charge over our movable and immovable properties in respect of finance availed by us.</li><li>We currently hold product registrations for our Formulation Grade agrochemical products in a limited number of Indian states, and any delay or failure in obtaining or maintaining additional registrations may restrict our ability to expand operations and adversely affect our business, financial condition, and results of operations.</li><li>Our inability to effectively manage our growth or successfully implement our business strategies may adversely affect our business, financial condition, and results of operations.</li><li>Our Promoter has provided personal property as collateral for borrowings availed by the Company.</li><li>Volatility in agrochemical Prices, global demand-supply imbalances, and risk of product oversupply could materially adversely affect our revenues, margins, and financial performance.</li><li>Shortage or unavailability of electricity or fuel could affect our manufacturing operations and may have an adverse effect on our business, results of operations and financial condition.</li><li>We typically do not enter into long-term agreements with our sub-contractors, which could have a material adverse effect on our business, results of operations and financial condition.</li><li>There are certain instances of delays in payment of statutory dues. Any delay in payment of statutory dues or non-payment of statutory dues in dispute may attract financial penalties from the respective government authorities, which may have an adverse impact on our financial condition and cash flows.</li><li>Exchange rate fluctuations may adversely affect our business, results of operations and cash flow.</li><li>We may not be able to adequately protect our intellectual property, which may adversely affect us.</li><li>Inaccurate demand forecasting or disruptions in our supply chain may lead to inventory imbalances or loss of business, which could adversely affect our operations and financial performance</li><li>Some of our Promoters have provided personal guarantees as security for certain facilities availed by our Company. If these guarantees are revoked, we may be unable to procure alternative guarantees satisfactory to our lenders, which may adversely affect our business, results of operations, cash flows and financial condition.</li><li>Our insurance policies may not be adequate to cover all losses incurred in our business. An inability to maintain adequate insurance cover to protect us from material adverse incidents in connection with our business may adversely affect our operations and profitability.</li><li>If we are unable to establish and maintain effective internal controls and compliance system, our business and reputation could be adversely affected.</li><li>Our growth strategy to enter international markets exposes us to certain risks, which may adversely affect our business, financial condition, results of operations and prospects.</li><li>Certain sections of this Red Herring Prospectus disclose information from the CareEdge Report which has been commissioned and paid for by us exclusively in connection with the Issue and any reliance on such information for making an investment decision in the Issue is subject to inherent risks.</li><li>None of the Directors of the Company have experience of being a director of a public listed company.</li><li>We may be unable to attract and retain employees with the requisite skills, expertise and experience, which would adversely affect our operations, business growth and financial results.</li><li>Our growth strategy to acquire a promoter group entity may expose us to certain risks, which may adversely affect our business, financial condition, results of operations and prospects.</li><li>Our funding requirements and the proposed deployment of Net Proceeds have not been appraised by any bank or financial institution or any other independent agency and our management will have broad discretion over the use of the Net Proceeds.</li><li>Activities involving our manufacturing process can be dangerous and can cause injury to people or property in certain circumstances. A significant disruption at any of our Manufacturing Facilities may adversely affect our production schedules, costs, revenue and ability to meet customer demand.</li><li>We are dependent on our Promoters for functioning of our business and we believe that our senior management team and other key managerial personnel in our business are critical to our continued success and we may be unable to attract and retain such personnel in the future.</li><li>Changes in technology may affect our business by making our Manufacturing Facilities or equipment less competitive or obsolete.</li><li>Our operations are significantly dependent on our ability to successfully identify market requirements and customer preferences and gain customer acceptance for our products.</li><li>Our operations may be materially adversely affected by strikes, work stoppages or increased compensation demands by our employees.</li><li>Failure or disruption of our information and technology ("IT") and/ or enterprise resources planning systems may adversely affect our business, financial condition, results of operations and future prospects.</li><li>Any variation in the utilization of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.</li><li>Our future funds requirements, in the form of issue of capital or securities and/or loans taken by us, may be prejudicial to the interest of the shareholders depending upon the terms on which they are eventually raised.</li><li>Our ability to pay dividends in the future will depend upon our future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in our financing arrangements.</li><li>Our Promoters, some of our Directors and some of our KMPs and SMPs are interested in our Company, in addition to regular remuneration or benefits and reimbursement of expenses.</li><li>We could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect our financial condition, results of operations and reputation.</li><li>Any future issuance of Equity Shares, or convertible securities or other equity linked securities by our Company may dilute your shareholding and any sale of Equity Shares by our Promoters or members of our Promoter Group may adversely affect the trading price of the Equity Shares.</li><li>Rights of shareholders under Indian laws may be more limited than under the laws of other jurisdictions.</li><li>QIB and Non-Institutional Investors are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid.</li><li>We have in this Red Herring Prospectus included certain non-GAAP financial measures and certain other industry measures related to our operations and financial performance. These non-GAAP measures and industry measures may vary from any standard methodology that is applicable across the industry, and therefore may not be comparable with financial or industry related statistical information of similar nomenclature computed and presented by other companies.</li></ul>

The Issue type of Advance Agrolife Ltd is Book Building.

The minimum application for shares of Advance Agrolife Ltd is 150.

The total shares issue of Advance Agrolife Ltd is 19285720.

Initial public offering of up to 19,285,720 of Rs. 10 each ("Equity Shares") of advance Agrolife Limited ("the Company" or the "Issuer") for cash at a price of 100 per equity share (Including a Securities Premium of Rs. 90 Per Equity Share) ("Issue Price") aggregating up to Rs. 192.86 Crore ("the Issue"). the issue will constitute [*]% of the post-issue paid-up equity share capital. This issue includes a reservation of up to 30,000 equity shares of face value of Rs. 10 each aggregating up to Rs. [*] (Constituting up to [*]% of the Post-Issue Paid-up Equity Share Capital) for purchase by eligible employees (the "Employee Reservation Portion"). the issue less the employee reservation portion is herein after referred to as the "Net Issue". the issue and the net issue would constitute [*]% and [*]%, respectively, of the post-issue paid-up equity share capital. the company, in consultation with the brlm, may offer a discount of up to [*]% (equivalent to Rs [*] Per Equity Share) to the issue price to eligible employees bidding in the employee reservation portion ("Employee Discount"). A discount of Rs. 5 per equity share is being offered to eligible employees bidding in the employee reservation portion