Advanced Agrolife IPO: Bengaluru-based defense technology startup Tonbo Imaging has secured ₹175 crore in a pre-IPO funding round from Florintree Advisors, Tenacity Ventures, and Export-Import Bank of India. This infusion of capital comes as Tonbo Imaging prepares for its own Initial Public Offering (IPO). The pre-IPO round valued the company at ₹1,500 crore, a significant jump from its ₹400 crore valuation in 2017. Previously, Tonbo had raised over ₹300 crore from investors, including Artiman, Qualcomm, Celesta, Edelweiss, and HBL Engineering.
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Advanced Agrolife IPO: SEBI Draft Papers Filed
Jaipur-based agrochemical product manufacturer Advanced Agrolife Limited is set to launch its Initial Public Offering (IPO) soon. The company has filed its draft red herring prospectus (DRHP) with the Securities Exchange Board of India (SEBI) on March 31st. The Advanced Agrolife IPO aims to raise ₹135 crore through the issuance of 1.92 crore new equity shares with a face value of ₹10 each.
Advanced Agrolife IPO will utilize the funds raised for working capital and general corporate purposes. The offering is structured with 50% reserved for qualified institutional buyers (QIBs), 35% for retail investors, and 15% for non-institutional investors (NIIs). 1 The company’s shares are planned to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Advanced Agrolife’s Competitive Landscape
Advanced Agrolife boasts 404 generic registrations, comprising 376 formulation-grade registrations and 28 technical-grade registrations for agrochemicals. In the competitive agrochemicals sector, encompassing insecticides and fungicides, the company faces competition from listed entities such as Dharmaj Crop Guard, Insecticides India, and Heranba Industries.
Advanced Agrolife’s Financial Performance
The company reported a net profit (PAT) of ₹24.7 crore in FY24, marking a 66.3% increase from ₹14.85 crore in FY23. Operational revenue for FY24 reached ₹455.9 crore, up 14.6% from ₹397.7 crore in FY23. For the first six months of FY25, ending September 2024, the company generated a revenue of ₹299.3 crore and a net profit of ₹21.44 crore.
This information highlights the funding activity in the defense sector and the upcoming Advanced Agrolife IPO, providing investors with key details on these potential investment opportunities.
Jay Chavda He is the Founder and Writer of businesspulsecare.com. He is an I.T Engineer, Freelancer, Businessman. He posts Business, Stock/Share Market, Finance Related News and updates on the website. 🔗