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The Indogulf Cropsciences IPO is scheduled to open on June 26, 2025, and will close on June 30, 2025. This is a Book Built Issue through which the company aims to raise approximately ₹200 crores. The offer includes a fresh issue of ₹160 crores and an Offer for Sale (OFS) of up to 36,03,603 equity shares, each with a face value of ₹10.
The price band for the IPO is fixed at ₹105 to ₹111 per share. The investor quota allocation is as follows:
- Qualified Institutional Buyers (QIB): 50%
- Retail Individual Investors: 35%
- Non-Institutional Investors (NII): 15%
The allotment date for the IPO is expected to be July 1, 2025, and the company’s shares are proposed to be listed on both BSE and NSE on July 3, 2025.
Indogulf Cropsciences has shown stable growth in revenue and profit over recent years:
- Revenue (FY 2024): ₹555.79 crores
- Revenue (FY 2023): ₹552.19 crores
- Profit After Tax (FY 2024): ₹28.23 crores
- Profit After Tax (FY 2023): ₹22.42 crores
Given its consistent performance and healthy profitability, Indogulf Cropsciences IPO appears to be a promising long-term investment opportunity, especially for those looking to invest in the agrochemical sector.
Indogulf Cropsciences IPO Details
- IPO Open Date: June 26, 2025
- IPO Close Date: June 30, 2025
- Face Value: ₹10 per equity share
- Price Band: ₹105 to ₹111 per share
- Total Issue Size: Approximately ₹200 crores
- Fresh Issue: Approximately ₹160 crores
- Offer for Sale (OFS): Up to 36,03,603 equity shares
- Issue Type: Book Built Issue
- Proposed Listing: BSE and NSE
- Retail Individual Investors (RII): Not more than 35%
- Qualified Institutional Buyers (QIBs): Not more than 50%
- Non-Institutional Investors (NIIs): Not more than 15%
- Draft Red Herring Prospectus (DRHP): Click Here
- Red Herring Prospectus (RHP): Click Here
Indogulf Cropsciences IPO Market Lot
The minimum market lot for the Indogulf Cropsciences IPO is 135 shares, requiring an application amount of ₹14,985. Retail investors can apply for up to 13 lots (1,755 shares), totaling an investment of ₹1,94,805.
| Application Type | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 135 | ₹14,985 |
| Retail Maximum | 13 | 1,755 | ₹1,94,805 |
| S-HNI Minimum | 14 | 1,890 | ₹2,09,790 |
| B-HNI Minimum | 67 | 9,045 | ₹10,03,995 |
Indogulf Cropsciences IPO Dates
- IPO Open Date: June 26, 2025
- IPO Close Date: June 30, 2025
- Basis of Allotment: July 1, 2025
- Refund Initiation: July 2, 2025
- Credit to Demat Accounts: July 2, 2025
- IPO Listing Date: July 3, 2025
Promoters of Indogulf Cropsciences IPO
The company’s promoters are Om Prakash Aggarwal, Sanjay Aggarwal, Anshu Aggarwal, and Arnav Aggarwal.
About Indogulf Cropsciences Limited
Indogulf Cropsciences Ltd. is a leading Indian company engaged in the manufacturing of crop protection products, plant nutrients, and biologicals. It caters to both retail and institutional clients with an extensive product portfolio. The company also offers contract manufacturing services tailored to specific needs.
With experienced leadership and a growing market, Indogulf has positioned itself as a key player in the agrochemical sector.
Company Financial Performance (₹ in Crores)
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
|---|---|---|---|---|
| 2022 | 490.23 | 454.68 | 26.36 | 413.59 |
| 2023 | 552.19 | 522.04 | 22.42 | 517.51 |
| 2024 | 555.79 | 516.08 | 28.23 | 542.25 |
| Dec 2024 | 466.31 | 438.26 | 21.68 | 597.81 |
Indogulf Cropsciences IPO Valuation (FY 2024)
| KPI | Value |
|---|---|
| ROE | 12.19% |
| ROCE | 11.93% |
| EBITDA Margin | 10.09% |
| PAT Margin | 5.11% |
| Debt-to-Equity Ratio | 0.67 |
| EPS (Basic) | ₹12.00 |
| NAV | ₹97.98 |
Peer Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Revenue |
|---|---|---|---|---|---|
| Aries Agro Ltd | 14.94 | 17.47 | 7.07 | 200.20 | ₹516.46 Cr |
| Basant Agro Tech India Ltd | 0.43 | 44.58 | 2.27 | 19.22 | ₹404.75 Cr |
| Best Agrolife Ltd | 44.94 | 12.23 | 16.42 | 273.64 | ₹1873.32 Cr |
| Bhagiradha Chemicals & Industries | 17.50 | 101.81 | 4.40 | 397.59 | ₹407.65 Cr |
| Heranba Industries Ltd | 8.72 | 35.34 | 4.04 | 213.19 | ₹1257.07 Cr |
| India Pesticides Ltd | 5.24 | 41.62 | 72.90 | 7.17 | ₹680.41 Cr |
| Dharmaj Crop Guard Ltd | 13.13 | 18.02 | 12.35 | 106.33 | ₹654.10 Cr |
Objects of the Issue
- To fund working capital requirements
- Repayment or prepayment of certain borrowings
- Capital expenditure for establishing a Dry Flowable (DF) plant in Haryana
- General corporate purposes
Indogulf Cropsciences IPO – FAQs
Q1. What is the Indogulf Cropsciences IPO?
Indogulf Cropsciences IPO is a Mainboard Initial Public Offering (IPO) through which the company aims to raise ₹200 crores. The issue price is set between ₹105 to ₹111 per equity share. The shares will be listed on both BSE and NSE.
Q2. When will the Indogulf Cropsciences IPO open for subscription?
The IPO will open for public subscription on June 26, 2025, and will close on June 30, 2025.
Q3. What is the allocation portion for different categories of investors?
- Qualified Institutional Buyers (QIBs): 50%
- Non-Institutional Investors (NIIs): 15%
- Retail Investors: 35%
How to Apply for the Indogulf Cropsciences IPO?
You can apply for the Indogulf Cropsciences IPO using any of the following methods:
- Online via ASBA through your bank’s net banking platform.
- UPI-based ASBA application via stockbrokers (using apps like Zerodha, Groww, etc.).
- Offline application by submitting a physical form through your broker.
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