The initial share sale of Advance Agrolife Ltd got subscribed 34% on the first day of bidding on September 30.

The company's Rs 193-crore IPO received bids for 45,47,550 shares against 1,35,09,004 shares on offer, according to NSE data.

The component meant for qualified institutional buyers got no subscription as yet while the portion for retail individual investors received 57% subscription. The quota for non-institutional investors got subscribed 60%.

The initial share sale will conclude on October 3.

Advance Agrolife raised Rs 57.76 crore via anchor book ahead of IPO on September 29.

Advance Agrolife IPO Details

The Jaipur-based company's IPO is entirely a fresh issue of 1.93 crore equity shares worth Rs 193 crore at the upper end of the price band.

Proceeds from the fresh issu

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