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Indogulf Cropsciences Ltd

Agro Chemicals

Offer Period :

26th to 30th Jun 2025

Indogulf Cropsciences Ltd IPO Details

IPO Date 26th to 30th Jun 2025 Minimum Investment ₹14985 / 1 Lots
Listing Date 2025-07-03 Maximum Investment ₹194805 / 13 Lots
Face Value ₹10 per share Total Issue Size ₹200 Crores
Price ₹111 to ₹111 per share Fresh Issue ₹160 Crores
Lot Size 1 Lots (135 Shares) Offer For Sale ₹ [-]
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹11 per Share Shareholding Pre Issue 48787456 Shares
Issue Type Book Building Shareholding Post Issue 63201870 Shares
IPO Date 26th to 30th Jun 2025
Listing Date 2025-07-03
Face Value ₹10 per share
Price ₹111 to ₹111 per share
Lot Size 1 Lots (135 Shares)
Listing At BSE, NSE
Total Issue Size ₹200 Crores
Employee Discount ₹11 per share
Issue Type Book Building
Minimum Investment ₹14985 / 1 Lots
Maximum Investment ₹194805 / 13 Lots
Fresh Issue ₹160 Crores
Offer For Sale ₹[-] Crores
Retail Discount ₹0 Crores
Shareholding Pre Issue 48787456 Shares
Shareholding Post Issue 63201870 Shares

About Indogulf Cropsciences Ltd IPO

Indogulf Cropsciences Limited, incorporated in 1993, is engaged in the manufacturing of crop protection products, plant nutrients, and biologicals in India. The company has established a significant presence in the agrochemical sector with four manufacturing facilities located in Samba (Jammu & Kashmir) and Nathupur and Barwasni (Haryana), spread across around 20 acres. It has a strong sales footprint across 22 states and 3 Union Territories in India, supported by a network of 5,772 distributors, 169 business partners, and exports to 34 countries through 129 global partners. Recognised as a 'Two Star Export House' by the Government of India, the company continues to grow its international presence.
 

Indogulf manufactures a range of products including insecticides, fungicides, herbicides, plant nutrients, and biologicals. It is one of the first domestic producers of Pyrazosulfuron Ethyl and Spiromesifen technical in India. The company’s flexible manufacturing setup enables customisation and adaptability.

Founding Year: 1993

Managing Director: Sanjay Aggarwal

Indogulf Cropsciences Limited Timeline

Important dates for allocation and IPO listing.

26th Jun

IPO Opens

30th Jun

IPO Close

1st Jul

Allotment Date

2nd Jul

Initiation of Refund

2nd Jul

Credit of Shares to Demat Account

3rd Jul

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 96.86 71.51
Public Group 3.14 28.49

Indogulf Cropsciences Ltd IPO Reservation

QIB Shares Offered 3495495(19.4%)
NII (HNI) Shares Offered 2621621(14.55%)
Retail Shares Offered 6117117(33.95%)
Anchor Investor Shares Offered 5243243(29.1%)
Total Shares Offered 18018016
Total Shares With Anchor Investor 18018016

Indogulf Cropsciences Ltd IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 135 ₹14985
Retail (Max) 13 1755 ₹194805
S HNI (Min) 14 1890 ₹209790
S HNI (Max) 66 8910 ₹989010
B HNI (MIN) 67 9045 ₹1003995

Indogulf Cropsciences Ltd IPO Anchor Investor Details

Bid Date 25 June 2025
Shares Offered 0
Anchor Portion Size 0

Indogulf Cropsciences Ltd IPO Registrar

Bigshare Services Pvt Ltd
Phone Number +91 22 6263 8200
Email Id investor@bigshareonline.com
Our Website www.bigshareonline.com

Indogulf Cropsciences Ltd IPO Lead Manager

1. Systematix Corporate Services Ltd

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Indogulf Cropsciences Ltd Financial Information

Period Ended March 31, 2024 March 31, 2023 March 31, 2022
Net Worth ₹232.56 ₹203.9 ₹180.86
Reserves and Surplus ₹208.92 ₹180.26 ₹157.22
Total Borrowing ₹154.56 ₹188.91 ₹101.62

Indogulf Cropsciences Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 3592277 119479455 33.2601
Non Institutional Investors (NIIs) 2740541 132608745 48.3878
NII(Bid amount of more than Ten Lakh Rupees) 1827028 93928140 51.4104
NII(Bid amount of more than 2 Lakh < 10 Rupees) 913513 38680605 42.3427
Retail Individual Investors (RIIs) 6394595 94484880 14.7757
Total 13365710 347266305 25.9819

Strength of Indogulf Cropsciences Ltd

1. Diversified product portfolio and specialized products across all three verticals.

2. Established distribution network in India and abroad.

3. Backward integrated manufacturing infrastructure.

4. Strong R&D and product development capabilities.

5. Experienced Promoters and a strong management team.

Risks Involved

1. The company is subject to regular inspections and audits, and the success and wide acceptability of its products is largely dependent upon the company quality controls and standards. Any failures to comply with quality standards may adversely affect its business prospects and financial performance, including cancellation of existing and future orders which may expose it to warranty claims.

2. The value of its brands may be diluted if there is a change in the brand name for a known product, quality concern, negative publicity which could adversely affect its business, financial condition and results of operations.

3. Its historical cumulative average growth rate ("CAGR") in Revenue from Operations, EBITDA and PAT, may not be indicative of its future performance.

4. Under-utilization of its manufacturing capacities and an inability to effectively utilize the company expanded manufacturing capacities could have an adverse effect on its business, future prospects and future financial performance.

5. Its inability to collect receivables and default in payment from the company customers could result in the reduction of its profits and affect the company cash flows.

6. Any shortfall in the supply of its components and raw materials or an increase in the company component or raw material costs, or other input costs, may adversely affect the pricing and supply of its products and have an adverse effect on the company business, results of operations and financial condition.

7. The company intend to deploy a substantial portion of the Net Proceeds aggregating to Rs. 650.00 million towards funding its working capital requirements, which is based on certain assumptions. Any change in working capital requirements on account of such assumptions may materially adversely affect its results of operations and profitability.

8. The agrochemicals industry is capital intensive, and its may need to seek additional financing in the future to support the company growth strategies. Any failures to raise additional financing could have an adverse effect on its business, results of operations, financial condition and cash flows.

9. The Offer Price, price to earnings ratio and market capitalization to revenue multiple based on the Offer Price of the Company, may not be indicative of the market price of the Company on listing or thereafter.

10. The determination of the Price Band is based on various factors and assumptions, and the Offer Price of its Equity Shares may not be indicative of the market price of its Equity Shares after the Offer.

Why should you invest in

-

Indogulf Cropsciences Ltd Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Indogulf Cropsciences Limited IPO Contact Details

Indogulf Cropsciences Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2025-07-03 544432 IGCL
INE05J901018
₹111 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹111 ₹111
Open ₹111 ₹111
Low ₹105.45 ₹106
High ₹112.6 ₹113
Low ₹105.45 ₹106

Industry Outlook of Indogulf Cropsciences IPO

  • The herbicides segment leads the global pesticide industry, followed by fungicides and insecticides.

  • The global pesticide market is valued at approximately USD 69,044 million.

  • Herbicides contribute to nearly 50% of the global crop protection market.

  • In India, herbicides represent around 17% of total pesticide consumption.

  • The non-crop segment also adds to the overall pesticide demand worldwide.

  • In 2023, the non-crop pesticide market was valued at about USD 11 billion.

  • Applications of non-crop pesticides include homes, gardens, turfs, ornamentals, pest control operations, industrial vegetation areas, forestry, public health, and aquatic settings.

  • These pesticides are used to manage weeds, pests, diseases, and also regulate plant growth.

  • The use of such products is expected to expand due to their functional benefits.

  • As a result, the crop protection market may witness a consistent growth trend in the coming years.

     

Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your IPO allotment status for Indogulf Cropsciences IPO.

Frequently Asked Questions

What is Indogulf Cropsciences Ltd IPO?

Answer Field

Indogulf Cropsciences Ltd IPO is a Mainboard IPO of 1,80,18,016 equity shares of a face value of ₹10 aggregating up to ₹200 Crores. The issue is priced at ₹111 to ₹111 per share. The minimum order quantity is 135 Shares. The IPO opens on June 26, 2025, and closes on June 30, 2025. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Indogulf Cropsciences Ltd IPO will open?

Answer Field

The Indogulf Cropsciences Ltd IPO opens on June 26, 2025 and closes on June 30, 2025.

What is the lot size of Indogulf Cropsciences Ltd?

Answer Field

Indogulf Cropsciences Ltd lot size is 135 shares, and the minimum amount required is ₹14,985.

How to apply for Indogulf Cropsciences Ltd IPO?

Answer Field

You can apply in Indogulf Cropsciences Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Indogulf Cropsciences Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Indogulf Cropsciences Ltd IPO will be done on July 01, 2025, and the allotted shares will be credited to your demat account by July 02, 2025.

When is Indogulf Cropsciences Ltd IPO listing date?

Answer Field

The Indogulf Cropsciences Ltd listing date is July 03, 2025.

Who is the registrar of Indogulf Cropsciences Ltd IPO?

Answer Field

The registrar of Indogulf Cropsciences Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Systematix Corporate Services Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Indogulf Cropsciences Ltd IPO?

Answer Field

The fresh issue size is ₹160 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Indogulf Cropsciences Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 135 shares and ₹14,985 amount.

How can I approve the UPI mandate request for Indogulf Cropsciences Ltd IPO?

Answer Field

To apply for Indogulf Cropsciences Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Indogulf Cropsciences Ltd?

Answer Field

The price of each Indogulf Cropsciences Ltd share will be ranging in between ₹111 to ₹111 per share.

What is the cut-off time for the UPI mandate for Indogulf Cropsciences Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, June 30, 2025.

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