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Advance Agrolife sets price band for ₹1,000cr IPO

Business

Advance Agrolife is launching its IPO with shares priced between ₹95 and ₹100 each.
The subscription window runs from September 30 to October 3, and you'll need to bid in lots of 150 shares.
Anchor investors get their allocation a day early, on September 29.

Here's the allocation for different investor categories

Here's the breakdown: up to half the shares are set aside for big institutional buyers, at least 35% go to regular retail investors, and non-institutional folks get at least 15%.
There's also a small chunk—30,000 shares—reserved just for employees.
The price range is capped at nine to 10 times the face value, so everyone knows where they stand.