Indogulf Cropsciences IPO
Open MainLineCurrent GMP
₹18 (+16.22%)
Price Band
₹ 105 – 111
Lot Size
135
Issue Size
₹200 Cr
Minimum Investment
₹14985 (135 Shares)
Listing Date
03 July 2025
Subscription
25.98x
About the Company
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
Promoters
- Om Prakash Aggarwal
- Sanjay Aggarwal
- Anshu Aggarwal
- Arnav Aggarwal
Promoters Holding
Holding Pre Issue
96.86%
Holding Post Issue
68.00%
Objects of the Issue
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
Address / Contact Info
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
IPO Timeline (Tentative)
IPO Open Date
Thursday, 26 June 2025
IPO Close Date
Monday, 30 June 2025
Basis of Allotment
Tuesday, 01 July 2025
Initiation of Refunds
Wednesday, 02 July 2025
Credit of Shares to Demat
Wednesday, 02 July 2025
Listing Date
Thursday, 03 July 2025 — NSE & BSE
Important Dates
Open Date
26 June 2025
Close Date
30 June 2025
Basis Of Allotment
01 July 2025
Listing Date
03 July 2025
Financial Performance (₹ 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 |
EPS Pre
0.00%
EPS Post
0.00%
P/E Pre
0.00
P/E (Post Issue)
0.00x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI As On |
|---|---|
| ROE % | 12.2 |
| ROCE % | 11.93 |
| Debt / Equity | 0.67 |
| RoNW % | 12.19 |
| PbW | 0 |
| Pat Margin % | 5.11 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 3592277 | 26.88 | 0 |
| Non-Institutional | 2740541 | 20.5 | 0 |
| BNII | 1827028 | 13.67 | 0 |
| SNII | 913513 | 6.83 | 0 |
| Retail Investors | 6394595 | 47.84 | 0 |
| Employees | 638297 | 4.78 | 0 |
| Total | 13365710 | 100 | 0 |
Subscription Status ( Mon, 30 Jun 25 01:37 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 3592277 | 119479455 | 33.26x |
| Non-Institutional | 2740541 | 132608745 | 48.39x |
| BNII | 1827028 | 93928140 | 51.41x |
| SNII | 913513 | 38680605 | 42.34x |
| Retail Investors | 6394595 | 94484880 | 14.78x |
| Employees | 638297 | 693225 | 1.09x |
| Total | 13365710 | 347266305 | 25.98x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| 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 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- Systematix Corporate Services Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Indogulf Cropsciences IPO is a Book-building IPO worth ₹200 crores. The price band is ₹105 to 111 per share. The IPO opens on Thu, Jun 26, 2025 and closes on Mon, Jun 30, 2025. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The Indogulf Cropsciences IPO opens on Thu, Jun 26, 2025 and closes on Mon, Jun 30, 2025
Indogulf Cropsciences IPO Price Band is ₹105 to 111.
Indogulf Cropsciences IPO lot size is 135, and the minimum amount required for application is ₹14985.
The minimum investment for Indogulf Cropsciences IPO is approximately ₹14985 based on the upper price band.
To apply for the Indogulf Cropsciences IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Jun 30, 2025. After submission, funds are blocked until the basis of allotment of Indogulf Cropsciences IPO is finalised.
Indogulf Cropsciences IPO issue size is ₹200 crores.
Indogulf Cropsciences IPO allotment date is Sat, Jun 27, 2026.
The registrar for Indogulf Cropsciences IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Indogulf Cropsciences IPO through their official website or helpline.
The Indogulf Cropsciences IPO GMP (Grey Market Premium) is ₹18 as of Thu, Jul 3, 2025. Based on the upper price band of ₹111 per share, the estimated Indogulf Cropsciences IPO listing price is ₹129, indicating a potential listing gain of approximately 31% over the issue price.