INDOGULF CROPSCIENCES LIMITED
₹ 105 - ₹ 111
26-Jun-2025 - 30-Jun-2025
₹ 14985.00

/ 135 Shares

INDOGULF CROPSCIENCES LIMITED

26-Jun-2025 - 30-Jun-2025

₹ 105 - ₹ 111

Price Band

₹ 14985.00

Minimum Investment

135

Bid Lot

18,018,017

Shares
  • Face Value - ₹ 10/- Per Share

  • Listing at NSE, BSE

  • 46,713 Application Required in Retail for 1 Time.

  • Registrar : Bigshare Services Pvt. Ltd

IPO Details

Category % Shares/Amount
QIB 50% 8,738,737 Shares Rs. 97.00 CR
HNI 1 5% 873,874 Shares Rs. 9.70 Cr @ 462 FORM 1X
HNI 2 10% 1,747,748 Shares Rs. 19.40 CR @ 925 FORM 1X
Retail 35% 6,117,117 Shares Rs. 67.90 CR @ 45312 FORM 1X

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
45312 FORM 1X 462 FORM 1X 925 FORM 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 135 ₹ 14,985
Retail (Upto 2 Lakh) 13 1755 ₹ 194,805
S-HNI (2 Lakh to 10 Lakh) 14 1890 ₹ 209,790
S-HNI (2 Lakh to 10 Lakh) 66 8910 ₹ 989,010
B-HNI (Above 10 Lakh) 67 9045 ₹ 1,003,995

IPO Timeline

  • Open Date

    26-Jun-2025
  • Close Date

    30-Jun-2025
  • Basis of Allotment Date

    01-Jul-2025
  • Initiation of Refunds

    02-Jul-2025
  • Credit Shares to Demat A/c

    02-Jul-2025
  • IPO Listing Date

    03-Jul-2025

Subscription as on
30-Jun-2025 17:39

Category Book Size Subscription No. of Times
QIB 3,603,604 ₹ 40.00 Cr. 119,479,455 ₹ 1326.22 Cr. 33.16x
HNI (<10 LAKH) 873,874 ₹ 9.70 Cr. 38,680,605 ₹ 429.35 Cr. 44.26x
HNI2 (>10 LAKH) 1,747,748 ₹ 19.40 Cr. 93,928,140 ₹ 1042.60 Cr. 53.74x
RETAIL 6,306,306 ₹ 70.00 Cr. 94,484,745 ₹ 1048.78 Cr. 14.98x
Total 12,531,532 346,572,945 27.66x
Category Book Size Subscription No. of Times
QIB 3,603,604 ₹ 40.00 Cr. 119,479,455 ₹ 1326.22 Cr. 33.16x
HNI (<10 LAKH) 873,874 ₹ 9.70 Cr. 38,680,605 ₹ 429.35 Cr. 44.26x
HNI2 (>10 LAKH) 1,747,748 ₹ 19.40 Cr. 93,928,140 ₹ 1042.60 Cr. 53.74x
RETAIL 6,306,306 ₹ 70.00 Cr. 94,484,745 ₹ 1048.78 Cr. 14.98x
Total 12,531,532 346,572,945 27.66x

*Excluding Anchor

Total No. of Application Approx : ~628435 (13.45 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

Incorporated in 1993, Indogulf Cropsciences Limited is engaged in manufacturing crop protection products, plant nutrients, and biologicals in India.

The company manufactured Spiromesifen technical with 96.5% purity in 2019 and is one of the first indigenous manufacturers of Pyrazosulfuron Ethyl technical with 97% purity in India.

The company operates four manufacturing facilities in Samba (Jammu & Kashmir) and Nathupur (Haryana), covering approximately twenty acres, including two sites in Nathupur and one in Barwasni, Haryana.

The company has a sales network across 22 states and 3 Union Territories in India, with 169 business partners, 5,772 distributors, and 129 partners in 34 countries worldwide.

The company’s flexible, multi-purpose facilities allow diverse product manufacturing, adapting to customer needs. Its competitive advantage is strengthened by high regulatory barriers in the agrochemical industry, including costs and complex approvals.

Product Portfolio:

  • Plant Nutrients: The company manufactures specialty fertilizers, bio-simulants, and performance products, including straight fertilizers and soil health products, to enhance soil fertility, stimulate root growth, and improve crop yields.
  • Crop Protection Products: The company manufactures crop protection products, including insecticides, fungicides, herbicides, and bio-stimulants, designed to safeguard crops from pests, diseases, and weeds, ensuring healthy growth and productivity.
  • Biologicals: The company offers biological products, including bio-stimulants and bio-fertilizers, to improve crop growth, nutrient uptake, stress tolerance, and overall sustainability, with products like Biogold, Indo Breeza, and Indo Mychoriza.

As of August 31, 2024, the company had 640 permanent employees.

Read More

Strengths

Competitive Strengths:

  • Diversified product portfolio and specialized products across all three verticals.
  • Established distribution network in India and abroad.
  • Backward integrated manufacturing infrastructure.
  • Strong R&D and product development capabilities.
  • Experienced Promoters and a strong management team.

Company Promoters

Company Financials

Period Ended 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
EBITDA 44.78 55.74 49.04 47.24
Net Worth 265.43 231.65 203.25 180.51
Reserves and Surplus 216.64 208.01 179.60 156.87
Total Borrowing 206.30 154.56 189.22 101.38
Amount in ? Crore

Objects of the Issue

The Company Indogulf Cropsciences IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

S.No. Objects of the Issue Expected Amount (? in crores)
1 Funding working capital requirements of our Company 65.00
2 Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by our Company 34.12
3 Capital expenditure of our Company for setting up an in-house dry flowable (DF) plant at Barwasni, District Sonipat, Haryana 14.00
4 General corporate purposes  

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