Indogulf Cropsciences IPO
GMP, Subscription, Price, Dates & Financial Details
Established in 1993, Indogulf Cropsciences Limited is a leading Indian agrochemical company engaged in the manufacturing and marketing of crop protection solutions, plant nutrients, and biologicals. With a comprehensive product range and a strong distribution network, the company serves both retail…
Open Date
Thu, 26 Jun 2025
Close Date
Mon, 30 Jun 2025
Price Band
₹ 105 – 111
Lot Size
135
Issue Size
₹ 200.00 Cr
Minimum Investment
₹ 14,985 (135 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Indogulf Cropsciences IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹200 Crore, comprising a fresh issue of 1.44 Crore equity shares aggregating to ₹160.00 Crore and an offer for sale (OFS) of 36.04 Lakh equity shares aggregating to ₹40.00 Crore by the existing shareholders.
The Indogulf Cropsciences IPO remained open for subscription from June 26, 2025, to June 30, 2025. The basis of allotment was finalized on July 01, 2025, and the company's shares were listed on the NSE and BSE on July 03, 2025.
The company had fixed the price band at ₹105 to ₹111 per share, with a lot size of 135 shares. Retail investors were required to make a minimum investment of ₹14,985 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Systematix Corporate Services Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Indogulf Cropsciences Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Indogulf Cropsciences IPO Timeline (Tentative)
- IPO Open Date
- Thu, 26 Jun 25
- IPO Close Date
- Mon, 30 Jun 25
- Basis of Allotment
- Tue, 01 Jul 25
- Initiation of Refunds
- Wed, 02 Jul 25
- Credit of Shares to Demat
- Wed, 02 Jul 25
- Listing Date
- Thu, 03 Jul 25 — NSE & BSE
Open Date
26 June 2025
Close Date
30 June 2025
Basis Of Allotment
01 July 2025
Listing Date
03 July 2025
IPO Subscription
Check Live Subscription →The Indogulf Cropsciences IPO has received bids for 34,72,66,305 shares against 1,33,65,710 shares offered, resulting in an overall subscription of 25.98x. the NII category is subscribed 48.39x, Retail Investors 14.78x, Employees 1.09x, and QIBs 33.26x. Within the NII category, BNII is subscribed 51.41x, while SNII is subscribed 42.34x.
QIB
33.26x
NII
48.39x
BNII
51.41x
SNII
42.34x
RII
14.78x
EMP
1.09x
Total
25.98x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 63,94,595 shares, representing 47.84% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 35,92,277 shares (26.88%), while Non-Institutional Investors (NIIs) receive 27,40,541 shares (20.5%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Qualified Institutions | 3,592,277 | 26.88% |
| Non-Institutional | 2,740,541 | 20.5% |
| BNII | 1,827,028 | 13.67% |
| SNII | 913,513 | 6.83% |
| Retail Investors | 6,394,595 | 47.84% |
| Employees | 638,297 | 4.78% |
| Total | 13,365,710 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 597.81 | 542.25 | 517.51 | 413.59 |
| Revenue | 466.31 | 555.79 | 552.19 | 490.23 |
| Profit After Tax | 21.68 | 28.23 | 22.42 | 26.36 |
| Net Worth | 265.43 | 231.65 | 203.25 | 180.51 |
| Reserve & Surplus | 216.64 | 208.01 | 179.6 | 156.87 |
| Total Borrowings | 206.3 | 154.56 | 189.22 | 101.38 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Indogulf Cropsciences Limited KPI Information
| Particular | KPI As On |
|---|---|
| ROE % | 12.2 |
| ROCE % | 11.93 |
| Debt / Equity | 0.67 |
| RoNW % | 12.19 |
| Pat Margin % | 5.11 |
Peers Comparison
No Peer Comparision Available
About Indogulf Cropsciences Limited
Established in 1993, Indogulf Cropsciences Limited is a leading Indian agrochemical company engaged in the manufacturing and marketing of crop protection solutions, plant nutrients, and biologicals. With a comprehensive product range and a strong distribution network, the company serves both retail (B2C) and institutional (B2B) customers, aiming to enhance agricultural productivity and crop yields.
Business Verticals & Product Portfolio
Indogulf operates across three core verticals:
- Crop Protection Products
- Includes a wide range of insecticides, fungicides, herbicides, and bio-stimulants
- Designed to protect crops from pests, diseases, and weeds while ensuring healthy growth and yield
- Plant Nutrients
- Offers specialty fertilizers, bio-stimulants, and soil health products
- Formulated to improve soil fertility, stimulate root development, and enhance plant performance
- Biologicals
- Includes environmentally friendly bio-fertilizers and bio-stimulants such as Biogold, Indo Breeza, and Indo Mychoriza
- Improves nutrient uptake, stress resistance, and long-term sustainability of crops
The company manufactures its products in various formulations, including WDG, SC, CS, ULV, EW, SG, and FS, and offers them in powder, granule, and liquid forms to meet diverse agricultural needs.
Manufacturing & Infrastructure
Indogulf operates four state-of-the-art manufacturing facilities:
- Samba (Jammu & Kashmir)
- Two units in Nathupur (Haryana)
- Barwasni (Haryana)
Spread over approximately 20 acres, these facilities are flexible and multi-purpose, enabling the company to adapt to shifting market demands and customer specifications.
Notably, Indogulf is among the first indigenous manufacturers in India of:
- Spiromesifen technical (96.5% purity) – manufactured since 2019
- Pyrazosulfuron Ethyl technical (97% purity)
Distribution & Global Presence
As of August 31, 2024, Indogulf has built a strong domestic and international footprint:
- Presence across 22 Indian states and 3 Union Territories
- 169 institutional business partners (B2B)
- 5,772 active domestic distributors (B2C)
- 129 overseas business partners, distributing to over 34 countries
The company supports its distribution with 17 stock depots and six regional sales/branch offices across India. A dedicated sales and development team ensures customer engagement and product support.
As of August 31, 2024, Indogulf Cropsciences employed 640 permanent staff, spanning operations, R&D, sales, marketing, and support functions.
Competitive Strengths
- Diversified and specialized product portfolio across crop protection, nutrients, and biologicals
- Established and expansive distribution network, both domestically and internationally
- Backward-integrated manufacturing infrastructure, supporting efficiency and scale
- Strong R&D and product innovation capabilities, keeping pace with evolving agrochemical trends
- Experienced promoters and professional management team, driving growth and operational excellence
Indogulf Cropsciences IPO Promoters
- Om Prakash Aggarwal
- Sanjay Aggarwal
- Anshu Aggarwal
- Arnav Aggarwal
Promoters Holding
Holding Pre Issue
96.86%
Holding Post Issue
68.00%
Indogulf Cropsciences IPO Objective
The Company Indogulf Cropsciences IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
- Funding working capital requirements of our Company 65.00
- Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by our Company 34.12
- Capital expenditure of our Company for setting up an in-house dry flowable (DF) plant at Barwasni, District Sonipat, Haryana 14.00
- General corporate purposes
Indogulf Cropsciences Limited Address / Contact Details
Indogulf Cropsciences Limited
501, Gopal Heights
Plot No - D-9,
Netaji Subhash Place
Delhi, New Delhi, 110034
Phone: +91 11 4004 0417
Email: cs@groupindogulf.com
Website: http://www.groupindogulf.com/
IPO Snapshot
Indogulf Cropsciences IPO Lot Size
The Indogulf Cropsciences IPO has a lot size of 135 shares. Retail investors require a minimum investment of ₹14,985 by applying for 1 lot (135 shares). The maximum application allowed for the retail category is 13 lots (1,755 shares), requiring an investment of ₹1,94,805.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 135 | 14,985.00 |
| Retail (Max) | 13 | 1,755 | 194,805.00 |
| S-HNI (Min) | 14 | 1,890 | 209,790.00 |
| S-HNI (Max) | 66 | 8,910 | 989,010.00 |
| B-HNI (Min) | 67 | 9,045 | 1,003,995.00 |
Issue Reservation
- QIB — 26.88%
- NII — 20.5%
- RII — 47.84%
- EMP — 4.78%
Book Running Lead Managers
- Systematix Corporate Services Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Indogulf Cropsciences IPO?
Indogulf Cropsciences IPO is a Book-building IPO with a total issue size of ₹200 crore. The Indogulf Cropsciences IPO price band is ₹105 to 111 per share. The Indogulf Cropsciences IPO subscription opens on Thu, Jun 26, 2025, and closes on Mon, Jun 30, 2025. The Indogulf Cropsciences IPO will be listed on the BSE,NSE. Bigshare Services Pvt Ltd is the registrar for the Indogulf Cropsciences IPO.
When will the Indogulf Cropsciences IPO open for subscription?
The Indogulf Cropsciences IPO opens on Thu, Jun 26, 2025 and closes on Mon, Jun 30, 2025
What is Indogulf Cropsciences IPO Price Band?
Indogulf Cropsciences IPO Price Band is ₹105 to 111 per share.
What is Indogulf Cropsciences IPO Lot Size?
Indogulf Cropsciences IPO lot size is 135 shares, Retail investors need a minimum investment of ₹14985 based on the upper price band
What is the minimum investment for Indogulf Cropsciences IPO?
The minimum investment for Indogulf Cropsciences IPO is ₹14985, based on one lot of 135 shares at the upper price band of ₹111 per share.
How to apply for Indogulf Cropsciences IPO?
Investors can apply for the Indogulf Cropsciences IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Jun 30, 2025. The application amount remains blocked until the Indogulf Cropsciences IPO allotment is finalized.
What is Indogulf Cropsciences IPO Issue Size?
Indogulf Cropsciences IPO issue size is ₹200 crores.
What is the Indogulf Cropsciences IPO Allotment Date?
Indogulf Cropsciences IPO allotment date is Tue, Jul 1, 2025.
Who is the Indogulf Cropsciences IPO Registrar?
The registrar for Indogulf Cropsciences IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Indogulf Cropsciences IPO allotment status, refund processing, and other IPO-related information.
What is the Indogulf Cropsciences IPO GMP?
The Indogulf Cropsciences IPO GMP (Grey Market Premium) is ₹11 as of Mon, Jun 23, 2025. Based on the upper price band of ₹111 per share, the estimated Indogulf Cropsciences IPO listing price is ₹122, indicating a potential listing gain of approximately 9.91% over the issue price.
Who is the Indogulf Cropsciences IPO Lead Manager?
The book-running lead managers (BRLMs) for the Indogulf Cropsciences IPO are . The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Indogulf Cropsciences IPO Red Herring Prospectus (RHP).