Advance Agrolife Ltd's initial public offering (IPO) experienced a phenomenal subscription rate of 56.85 times over, reflecting immense investor interest on its final trading day.

The IPO saw a demand for 76.80 million shares against an offer of 13.51 million, according to NSE data. Non-institutional investors showed an overwhelming 175.30 times interest, while Qualified Institutional Buyers (QIBs) and Retail Individual Investors (RIIs) subscribed 27.31 times and 23.06 times, respectively.

Located in Jaipur, Advance Agrolife set a price band of Rs 95 to Rs 100 per share for this Rs 193-crore IPO. The generated funds will enhance the company's working capital and support other corporate obligations. The firm specializes in a wide array of agrochemical products, encompassing insecticides,

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