Listing Ceremony of Advance Agrolife Limited at BSE. (Image: BSE livestream) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Shares of Advance Agrolife Ltd. listed at premium of 14% over the IPO price on Wednesday. The scrip opened at Rs 114 on the NSE and Rs 113 on the BSE, compared to the issue price of Rs 100.

The Rs 192.86-crore IPO received bids for 76,80,36,900 shares against 1,35,09,004 shares on offer, as per BSE data. The mainboard issue was oversubscribed 56.85 times on the last day, helped by strong participation from Non-institutional buyers (175.30 times). Retail investors placed bids of 23.6 times the offer, and institutional investors (QIB) subscribed 27.31 times.

The issue was entirely a fresh issue of 1.93 crore shares. The company raised Rs 57.77 crore

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