Indogulf CropSciences IPO:
Indogulf CropSciences Ltd, a well-known name in India’s agrochemical and plant nutrition industry, is set to open its ₹200 crore initial public offering (IPO) on Thursday, June 26, 2025. The issue will remain open till Monday, June 30, giving investors an opportunity to participate in the next phase of growth of a company with over 30 years of experience in agricultural innovation.
About Indogulf Cropsciences
Founded in 1993, Indogulf has established a strong presence in the crop protection segment with products ranging from agrochemicals to biologicals. It is one of the first Indian manufacturers of technical-grade spiromesifene (96.5%) and pyrazosulfuron ethyl (97%). The company operates four manufacturing units – one in Samba in Jammu and Kashmir and three in Haryana – and has built a strong sales network across 22 states, 3 union territories and 34 countries, supported by over 5,700 distributors and 169 business partners.
Indogulf Cropsciences IPO Price-band & Lot Size
The IPO comprises a fresh issue of shares worth ₹160 crore and an offer for sale of ₹40 crore. The shares are priced at ₹105 to ₹111 per share, with a lot size of 135 shares. Post the issue, the equity shares will be listed on both the NSE and BSE.
Indogulf Cropsciences IPO Objective
The company plans to use ₹65 crore from the proceeds to meet working capital needs, ₹34.12 crore to repay or prepay certain loans and ₹14 crore to set up a new dry flowable formulation plant at its Barwasni unit in Haryana. The remaining funds will be allotted for general corporate purposes.
Indogulf Cropsciences IPO Important Date
Key dates associated with the IPO include opening on June 26 and closing on June 30. The basis of allotment is expected to be finalised on July 1, followed by refund and credit of shares on July 2. The shares are likely to debut on the stock exchanges on July 3.
Indogulf Cropsciences Financials
Financially, the company appears stable and growing. As of March 31, 2024, IndoGulf reported total revenue of ₹555.79 crore, net profit of ₹28.23 crore, total assets of ₹542.25 crore and total assets of ₹231.65 crore.
Indogulf Cropsciences IPO Reservation
Retail investors can apply for at least one lot, which is equivalent to ₹14,985 at the upper price band. They can bid for up to 13 lots worth ₹1,94,805. Small HNIs (S-HNIs) can start with 14 lots or ₹2,09,790, while large HNIs (B-HNIs) can start with 67 lots, with an investment size of around ₹10.04 lakh. Investors are advised to bid at the cut-off price to improve their chances in case of oversubscription.
Indogulf Cropsciences Promoter
The IPO is backed by seasoned promoters – Om Prakash Agarwal, Sanjay Agarwal, Anshu Agarwal and Arnab Agarwal – who held 96.86% of the company’s shares prior to the issue.
Indogulf Cropsciences IPO Lead Manager & Registrar
Systematix Corporate Services Limited is acting as the book-running lead manager, while Bigshare Services Private Limited is the registrar to the issue.
Important Document
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Source: chittorgarh.com and nseindia.com