Description

Lock-in details for 64,285,720 equity shares of Advance Agrolife Limited post-IPO, including anchor investor lock-in periods and distinctive number ranges.

Summary

Advance Agrolife Limited has listed 64,285,720 equity shares on BSE following its IPO. The circular provides comprehensive lock-in details for various share categories, including promoter holdings and anchor investor allocations. Of the total shares, 50,576,716 shares are under lock-in with varying expiry dates, while 13,509,004 shares (IPO public portion) are not under lock-in. All shares are held in demat form.

Key Points

  • Total equity shares listed: 64,285,720
  • All shares held in demat form
  • Lock-in shares: 50,576,716 (approximately 78.7% of total)
  • Non-lock-in shares (public IPO): 13,509,004 (approximately 21%)
  • Anchor investor allocation: 57,76,716 shares with staggered lock-in periods
  • Lock-in periods range from 30 days to 18 months
  • Company registered office: E-39, RIICO Industrial Area Ext. Bagru, Jaipur – 303 007, Rajasthan

Lock-in Structure

Promoter/Pre-IPO Holdings

  • 19,267,859 shares: Lock-in from Oct 6, 2025 to Apr 10, 2026 (6 months)
  • 7,170,883 shares: Lock-in from Oct 6, 2025 to Apr 10, 2027 (18 months)
  • 9,828,458 shares: Lock-in from Oct 6, 2025 to Apr 10, 2026 (6 months)
  • 4,772,440 shares: Lock-in from Oct 6, 2025 to Apr 10, 2027 (18 months)
  • 987,497 shares: Lock-in from Oct 6, 2025 to Apr 10, 2026 (6 months)
  • 479,503 shares: Lock-in from Oct 6, 2025 to Apr 10, 2027 (18 months)
  • 894,442 shares: Lock-in from Oct 6, 2025 to Apr 10, 2026 (6 months)
  • 434,318 shares: Lock-in from Oct 6, 2025 to Apr 10, 2027 (18 months)
  • 1,164,600 shares: Lock-in from Oct 6, 2025 to Apr 10, 2026 (6 months)

Anchor Investor Holdings

  • 28,88,358 shares: 30-day lock-in (Oct 6, 2025 to Nov 4, 2025)
  • 28,88,358 shares: 90-day lock-in (Oct 6, 2025 to Jan 3, 2026)

Public IPO Shares

  • 13,509,004 shares: No lock-in applicable

Important Dates

  • Listing Date: October 7, 2025
  • Lock-in Start Date: October 6, 2025
  • First Lock-in Expiry (Anchor - 30 days): November 4, 2025
  • Second Lock-in Expiry (Anchor - 90 days): January 3, 2026
  • Third Lock-in Expiry (6-month lock-in): April 10, 2026
  • Final Lock-in Expiry (18-month lock-in): April 10, 2027

Compliance Requirements

  • All locked-in shares must remain non-transferable until respective lock-in expiry dates
  • Shares are held in demat form as per SEBI requirements
  • Lock-in details comply with prospectus disclosures (pages 129-131)
  • Company Secretary: Nisha Gupta (Membership No.: A42708) is the Compliance Officer

Impact Assessment

Market Impact: Medium. The phased unlock of shares over 18 months will gradually increase the free float. The immediate free float is limited to 21% of total shares (public IPO portion), which may affect liquidity in the initial trading period.

Trading Implications:

  • Short-term: Limited supply with only 13.5 million shares freely tradable
  • November 2025: Additional 2.89 million shares (30-day anchor lock-in expires)
  • January 2026: Further 2.89 million shares (90-day anchor lock-in expires)
  • April 2026: Significant unlock of 34.4 million shares (6-month lock-in expires)
  • April 2027: Final unlock of 13.7 million shares (18-month lock-in expires)

Investor Considerations: Lock-in expiry dates are critical for understanding future supply dynamics and potential price pressure points.

Impact Justification

Standard IPO listing announcement with lock-in details affecting tradability of specific share blocks. Important for shareholders and investors tracking lock-in expiry schedules.