Indogulf Cropsciences Limited IPO

Indogulf Cropsciences Limited IPO

Mainboard NSE & BSE 100% Book Built Offer
Closed

Price Band

₹105 - ₹111

Total Issue

₹200.00 Cr

Bid Dates

26 Jun - 30 Jun

Subscription

25.98x

Est. GMP

₹15 (13.51%)

Website RHP Check Allotment

Indogulf Cropsciences IPO Dates

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Indogulf Cropsciences Limited is a domestic manufacturer of crop protection products, plant nutrients, and biologicals. It is among the early Indian producers of Pyrazosulfuron Ethyl (97% purity) and manufactures Spiromesifen (96.5% purity) since 2019. Recognized as a ‘Two Star Export House’ by the Government of India, the company exports to over 34 countries and is gaining presence in the global agrochemical market.

Indogulf Cropsciences IPO Lot Size

Lot Information for Indogulf Cropsciences IPO
Category Lots Shares 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

Category Reservation

QIB 50%
NII 15%
Ret 35%
Employee
TBD
Shareholder
₹0.00

Indogulf Cropsciences IPO Size

Total ₹200.00 Cr
Fresh Issue
₹160.00 Cr (1.44 Cr Shares)
Offer For Sale
₹40.00 Cr (0.36 Cr Shares)

Objects of Issue

  1. Funding working capital requirements of our Company
  2. Repayment in full or in part, of certain outstanding borrowings availed by our Company
  3. Capital expenditure of our Company for setting up an in-house dry flowable plant
  4. General Corporate Purposes

Indogulf Cropsciences IPO Live Subscription

Updated as on 30-Jun-2025 19:00:00

Mainboard Subscription Status for Indogulf Cropsciences IPO
Category Sub (x) Offered Bids
QIB 31.73 37,65,767 11,94,79,455
NII 49.07 27,02,703 13,26,08,745
bHNI 52.13 18,01,802 9,39,28,140
sHNI 42.94 9,00,901 3,86,80,605
Retail 14.98 63,06,306 9,44,84,880
Total 27.18 1,27,74,776 34,72,66,305

Indogulf Cropsciences IPO GMP

GMP ₹15
Est. Price ₹126
Est. Gain 13.51%

Peer Comparison

(Rs. in crores)

Indogulf Cropsciences IPO Peer Comparison Table
Particulars Indogulf Cropsciences Aries Agro Basant Agro Best Agrolife Bhagiradha Chem Heranba Industries India Pesticides Dharmaj Crop
Revenue from Ops (in Crs.) 552.23 516.46 404.75 1,873.32 407.65 1,257.07 680.41 654.10
PAT (In Crs.) 28.23 18.40 3.96 106.27 18.22 34.50 60.17 44.38
EPS - Basic 12.00 14.94 0.43 44.94 17.50 8.72 5.24 13.13
NAV per share 97.98 200.20 19.22 273.64 397.59 213.19 7.17 106.33
RONW 12.19% 7.07% 2.27% 16.42% 4.40% 4.04% 72.90% 12.35%
EBITDA 10.09% 10.73% 6.12% 12.04% 10.53% 6.12% 12.73% 9.62%
PAT Margin 5.11% 3.56% 0.98% 5.67% 4.47% 2.74% 8.84% 6.78%
Price to earning (PE) 9.25 17.47 44.58 12.23 101.81 35.34 41.62 18.02
Debt to Equity 0.67 0.27 0.88 0.97 0.15 0.19 0.02 0.31
  • All information pertains to FY 2023-24.
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of April 01, 2024 for Peers

Financials

(Rs. in crores)

Financial Performance Metrics for Indogulf Cropsciences IPO
Particulars Dec-24 Mar-24 Mar-23 Mar-22
Revenue from Operations 464.19 552.23 549.66 487.21
Profit after Tax 21.68 28.23 22.42 26.36
Net Worth 265.43 231.65 203.25 180.51
Total Borrowing 206.30 154.56 189.22 101.38
Total Assets 597.81 542.25 517.51 413.59
NAV per share (in ₹) 54.41 97.98 85.96 76.35
EPS - Basic (in ₹) 5.10 12.00 9.53 11.21

KPIs

EBITDA

10.09%

PAT

5.11%

RONW

12.19%

ROCE

11.93%

Debt to Equity

0.67

  • All the data pertains to FY 2023-24.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Promoter Holding

Promoter

96.87%

Public

3.13%

Sanjay Aggarwal 26.23%
Arnav Aggarwal 17.62%
Anshu Aggarwal 17.36%
Om Prakash Aggarwal 14.51%
Other Promoter 21.14%

Management

Om Prakash Aggarwal Chairman
Sanjay Aggarwal MD
Manoj Gupta CFO

Registrar & Lead Managers

Registrar

Bigshare Services

Bigshare Services

Lead Managers (1)

Systematix Corporate Systematix Corporate

Frequently Asked Questions

What is Indogulf Cropsciences IPO?
Indogulf Cropsciences IPO is a Mainboard IPO having an issue size of ₹200.00 Crs. Indogulf Cropsciences IPO is priced at ₹105 - ₹111 per share. The issue opens on 26 Jun 25 and closes on 30 Jun 25.
When will Indogulf Cropsciences IPO open?
Indogulf Cropsciences IPO opens on 26 Jun 25 and closes on 30 Jun 25.
What is the GMP of Indogulf Cropsciences IPO?
The estimated Grey Market Premium of Indogulf Cropsciences IPO is ₹15 per share (13.51%).
What is the lot size of Indogulf Cropsciences IPO?
The minimum lot size of Indogulf Cropsciences IPO is 135 shares & the minimum application amount is Rs. 14985.
When is the allotment of Indogulf Cropsciences IPO?
The allotment date of Indogulf Cropsciences IPO is 01 Jul 25.
What is the listing date of Indogulf Cropsciences IPO?
The listing date of Indogulf Cropsciences IPO is 03 Jul 25.
What is the subscription of Indogulf Cropsciences IPO?
Indogulf Cropsciences IPO is subscribed 25.98 times.
What is the price band of Indogulf Cropsciences IPO?
Indogulf Cropsciences IPO is priced at ₹105 - ₹111 per share.
How to check allotment status of Indogulf Cropsciences IPO?
Click the allotment link on Indogulf Cropsciences IPO page of IPO360.
How to apply Indogulf Cropsciences IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Indogulf Cropsciences IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Indogulf Cropsciences IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Indogulf Cropsciences IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date