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Advance Agrolife IPO Allotment Today After 56.85x Subscription, GMP Near Rs 20

Allotments are due today after the Rs 192.86 crore fresh issue drew 56.85 times bids.

Overview

  • Investors can check allocation on BSE or NSE portals or via the registrar KFin Technologies using PAN, application number or DP/Client ID.
  • Refund initiation and credit of shares to demat accounts are expected on October 7, with a tentative listing on BSE and NSE on October 8.
  • The offer saw strong demand across categories: QIB 27.31x, NII 175.30x, retail about 23x, and the employee quota 38.42x.
  • The book-built issue comprises 1.93 crore new shares in a Rs 95–100 price band with a lot size of 150 shares; proceeds are earmarked for working capital and general corporate purposes.
  • The grey market premium hovered around Rs 20 on October 6, implying an estimated listing price near Rs 120, though GMP is unofficial and may not reflect actual listing performance.