Shares of Advance Agrolife Ltd made a strong debut in the stock market on Friday, opening at Rs 113, up 13 per cent from its issue price of Rs 100.

The listing gain came after the company’s initial public offering (IPO) was oversubscribed nearly 57 times, signalling robust investor interest in the agrochemical firm.

Advance Agrolife IPO: Subscription

The IPO of Jaipur-based Advance Agrolife received bids for 76.8 crore shares, against 1.35 crore shares on offer, according to NSE data.

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The IPO of Advance Agrolife saw an overwhelming response from all types of investors.

Non-Institutional Investors (NIIs) subscribed a massive 175.3 times, Qualified Institutional Buyers (QIBs) showed strong interest with 27.3 times subscription, and Retail Individu

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