Indogulf Cropsciences Limited Link 
Allotment
Indogulf Cropsciences IPO is a book-built issue with a total size of ₹200.00 crore. The issue comprises a fresh issue of 1.44 crore equity shares aggregating to ₹160.05 crore and an offer for sale of 0.36 crore equity shares aggregating to ₹39.95 crore.
The IPO opened for subscription on June 26, 2025, and closed on June 30, 2025. The basis of allotment was finalized on July 1, 2025, and the shares were listed on both BSE and NSE on July 3, 2025.
The price band for the Indogulf Cropsciences IPO is fixed at ₹111 per share. The lot size is 135 shares, requiring a minimum investment of ₹14,985 for retail investors (at the upper end of the price band). For sNII investors, the minimum application size is 14 lots (1,890 shares) amounting to ₹2,09,790, while bNII investors must apply for 67 lots (9,045 shares) amounting to ₹10,03,995.
The issue also includes a reservation of up to 6,00,000 equity shares for employees, offered at a discount of ₹11 per share to the issue price.
Systematix Corporate Services Ltd. is the Book Running Lead Manager for the issue, and Bigshare Services Pvt. Ltd. is the Registrar to the IPO.
₹111
0%
Open
₹111
HIgh - Low
₹111
Previous Close
₹111
Total Traded Value
0
52 Weeks High
₹111
52 Weeks Low
₹111
Updates On
Jun 20, 2025
IPO. Open
Jun 26, 2026
IPO. Close
Jun 30, 2026
IPO. Price
₹111.00
IPO Market price
₹701.54 Cr
IPO Details
| IPO Date | 3 Jul |
| IPO Listing Date | 3 Jul |
| IPO Face Value | ₹10 per share |
| IPO Price Range | ₹111.00 |
| IPO Issue Size | 1,80,40,144 shares |
| IPO Sale Type | Fresh Capital & OFS |
| Employee Discount | ₹11.00 |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | BSE, NSE Platform |
| Share Holding Pre Issue | 4,87,87,456 shares |
IPO Timeline
| IPO Open Date | 26 Jun |
| IPO Close Date | 30 Jun |
| IPO Allotment (Tentative) | 1 Jul |
| Refunds | 2 Jul |
| Credit to Demat Account | 2 Jul |
| IPO Listing Date | 3 Jul |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | 87,38,737 Shares |
| NII (HNI) Shares Offered | 26,21,622 Shares |
| Retail Shares Offered | 61,17,117 Shares |
IPO Lot Size
Investors can apply for a minimum of 135 shares, and bids must be made in multiples of 135 shares thereafter.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 135 | ₹14,985 |
| Retail (Max) | 13 | 1,755 | ₹1,94,805 |
| S-HNI (Min) | 14 | 1,890 | ₹2,09,790 |
| S-HNI (Max) | 66 | 8,910 | ₹9,89,010 |
| B-HNI (Min) | 67 | 9,045 | ₹10,03,995 |
Incorporated in 1993, Indogulf Cropsciences Limited is engaged in the manufacturing of crop protection products, plant nutrients, and biologicals in India.
The company achieved a key milestone in 2019 by manufacturing Spiromesifen technical with 96.5% purity and is among the first indigenous manufacturers in India to produce Pyrazosulfuron Ethyl technical with 97% purity.
Indogulf Cropsciences operates four manufacturing facilities located at Samba (Jammu & Kashmir) and Nathupur (Haryana), spread across approximately 20 acres, including two units in Nathupur and one in Barwasni, Haryana. Its flexible, multi-purpose manufacturing facilities enable the production of a wide range of products and allow the company to adapt efficiently to evolving customer requirements.
The company has built a strong distribution network, spanning 22 states and 3 Union Territories in India, supported by 169 business partners and 5,772 distributors, along with 129 international partners across 34 countries.
Indogulf Cropsciences benefits from high entry barriers in the agrochemical industry due to stringent regulatory requirements, significant costs, and complex approval processes, which further strengthen its competitive position.
Product Portfolio
Plant Nutrients: Manufactures specialty fertilizers, bio-stimulants, performance products, straight fertilizers, and soil health products aimed at improving soil fertility, root development, and crop yields.
Crop Protection Products: Offers insecticides, fungicides, herbicides, and bio-stimulants to protect crops from pests, diseases, and weeds, ensuring healthy crop growth and productivity.
Biologicals: Provides biological solutions such as bio-stimulants and bio-fertilizers to enhance nutrient uptake, stress tolerance, crop growth, and sustainability. Key products include Biogold, Indo Breeza, and Indo Mychoriza.
As of August 31, 2024, the company employed 640 permanent staff.
Competitive Strengths
Diversified product portfolio with specialized offerings across all three business verticals
Well-established domestic and international distribution network
Backward-integrated manufacturing infrastructure
Strong R&D and product development capabilities
Experienced promoters and a capable management team
Company Financials (Consolidated)
| Assets | 597.81 | 542.25 | 517.51 |
| Total Income | 466.31 | 555.79 | 552.19 |
| Profit After Tax | 21.68 | 28.23 | 22.42 |
| EBITDA | 44.78 | 55.74 | 49.04 |
| NET Worth | 265.43 | 231.65 | 203.25 |
| Reserves and Surplus | 216.64 | 208.01 | 179.6 |
| Total Borrowing | 206.3 | 154.56 | 189.22 |
Key Performance Indicator (KPI)
| ROE | 12.20% |
| ROCE | 11.93% |
| Debt/Equity | 0.67 |
| RoNW | 12.19% |
| PAT Margin | 5.11% |
| EBITDA Margin | 10.09% |
| Price to Book Value | 1.13 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | 65 |
| 3 | To meet out the General Corporate Purposes; | 27.85 |
| 4 | Offer for Sale (OFS) | - |
Contact Details
Indogulf Cropsciences Ltd. Address
501, Gopal Heights
Plot No – D-9,
Netaji Subhash Place
Delhi, New Delhi, 110034
+91 11 4004 0417
cs@groupindogulf.com
http://www.groupindogulf.com/
Detail Registrar
IPO Registrar
Bigshare Services Pvt.Ltd.
+91-22-6263 8200
ipo@bigshareonline.com
https://ipo.bigshareonline.com/IPO_Status.html
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