INDOGULF CROPSCIENCES IPO
INDOGULF CROPSCIENCES IPO is a fully book-built issue and the total IPO size is ₹200 crore. The entire share offering is a fresh issue worth ₹160 crore, along with an Offer for Sale of up to 36,03,603 equity shares (~₹40 crore).
The dates for the INDOGULF CROPSCIENCES IPO are scheduled from June 26, 2025 to June 30, 2025.
The allotment process is expected to be finalized by July 1, 2025. The IPO is scheduled to list on BSE and NSE, with a tentative listing date of July 3, 2025.
The price band for the INDOGULF CROPSCIENCES IPO has been set at ₹105 to ₹111 per share.
The registrar for this IPO is Bigshare Services Private Limited, and the lead manager is Systematix Corporate Services Limited.
If you're exploring investment opportunities, check out other upcoming IPOs in India and SME IPO listings.
IPO Schedule
| IPO Open Date | Thursday, 26 Jun, 2025 |
|---|---|
| IPO Close Date | Monday, 30 Jun, 2025 |
| IPO Allotment Date | Tuesday, 01 Jul, 2025 |
| Refund Initiation | Wednesday, 02 Jul, 2025 |
| Share credit in Demat | Wednesday, 02 Jul, 2025 |
| Listing Date | Thursday, 03 Jul, 2025 |
Key Details
| Price Band | ₹105 to ₹111 Per Share |
|---|---|
| Lot Size | 135 Shares |
| Face Value | ₹10 Per Equity Share |
| Total Issue Size | 18,018,017 Shares + ₹200 Crores |
| Fresh Issue | ₹200.00 Crores |
| OFS Issue | 18,018,017 Shares |
| Issue Type | Fresh Issue and Offer for Sale |
| Listing At | BSE, NSE |
Share Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | 50% |
| Retail | 35% |
| NII/HNI | 15% |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 135 | 14,985 |
| Retail (Max) | 13 | 1755 | 194,805 |
| S-HNI (Min) | 14 | 1890 | 209,790 |
| S-HNI (Max) | 66 | 8910 | 989,010 |
About Indogulf Cropsciences Limited Company
Indogulf Cropsciences Limited is a prominent Indian manufacturer and exporter of crop protection products, plant nutrients, and biologicals. Established in 1993, the company operates across three key business verticals, offering an extensive range of product formulations to retail and institutional clients. Indogulf is recognized as a Government of India ‘Two Star Export House’, exporting to over 34 countries.
The company manufactures Spiromesifen technical and is among the first indigenous manufacturers of Pyrazosulfuron Ethyl technical in India. For Fiscal Year 2024, Indogulf reported a revenue from operations of ₹552.23 crore, with crop protection contributing ₹523.55 crore, plant nutrients ₹19.43 crore, and biologicals ₹28.90 crore. Key financial metrics include an EBITDA of ₹55.74 crore and a PAT of ₹28.23 crore. The company focuses on sustainable agriculture and environmental stewardship, with a strong emphasis on R&D and product innovation, holding three patents and with two patent applications in pipeline.
Indogulf operates four manufacturing facilities across Haryana and Jammu & Kashmir, certified with ISO 9001:2015 and ISO 14001:2015. As of August 31, 2024, it has a robust distribution network comprising 169 institutional business partners, 5,772 domestic distributors, and 129 overseas partners.
Indogulf Cropsciences Limited Financial Details
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 542.25 | 517.51 | 413.59 |
| Revenue | 552.23 | 549.66 | 487.21 |
| Profit After Tax | 28.23 | 22.42 | 26.36 |
| Net Worth | 231.65 | 203.25 | 180.51 |
| Reserves and Surplus | 208.01 | 179.60 | 156.87 |
| Total Borrowing | 154.56 | 189.22 | 101.38 |
₹ In Crore
Key Performance Indicator
| Basic EPS (in ₹) | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Debt-Equity Ratio | Return on Equity (ROE) | Return on Capital Employed (ROCE) |
|---|---|---|---|---|---|
| 12.00 | 12.19% | 97.98 | 0.67 | NA | 11.93% |
Offer Objectives
The offer includes details regarding lock-in periods for equity shares. The Promoters' Contribution is locked in for three years from the date of allotment. Additionally, the entire pre-offer equity share capital is locked in for one year from the allotment date.
Equity shares locked-in may be pledged as collateral security for loans from scheduled commercial banks or public financial institutions, subject to certain conditions outlined in the SEBI ICDR Regulations. These shares can be transferred to another promoter or promoter group member, maintaining the remaining lock-in period.
Furthermore, 50% of the equity shares allotted to Anchor Investors are locked in for 90 days from the date of allotment, while the remaining shares are locked in for 30 days.
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
The company estimates the net proceeds of the Fresh Issue to be ₹200 crore.
Proposed Utilization of Net Proceeds:
- Funding working capital requirements: ₹100 crore.
- Repayment/prepayment of borrowings: ₹40 crore.
- Capital expenditure for setting up an in-house dry flowable (DF) plant : ₹14 crore.
The amount utilized for general corporate purposes shall not exceed 25% of the Gross Proceeds.
Company Details
Address:
501, Gopal Heights Plot No D-9, Netaji Subhash Place, New Delhi 110034, Delhi, India
Phone: +91 11 4004 0417
Email: [email protected]
Website: http://www.groupindogulf.com
IPO Registrar Details
Bigshare Services Private Limited
Phone: +91 22 6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com
Offer Prospectus & Documents
Lead Managers
- Systematix Corporate Services Limited
