New Delhi, April 3 -- Advance Agrolife Limited, an agrochemical company engaged in manufacturing a wide range of agrochemical products that support the entire lifecycle of crops, has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator, Securities and Exchange Board of India (SEBI), to raise funds through Initial Public Offering (IPO).

The IPO, with a face value of Rs.10, is entirely a fresh issue of shares up to 19,285,720 with no offer-for-sale component. The proceeds from the fresh issue to the extent of Rs.135 crore for funding working capital requirements and general corporate purposes, as per company's DRHP report.

The offer is being made through the book-building process, wherein not more than 50% of the n...