Indogulf Cropsciences IPO is set to open for subscription on June 26, 2025, and will close on June 30, 2025. The company, which has over three decades of experience in the agrochemical space, is now looking to raise funds through the public route. In this blog, we’ll take a closer look at the Indogulf Cropsciences IPO, including its issue details, business profile, financials, and key operational strengths to help investors understand what the offering brings to the table.
Indogulf Cropsciences IPO Date
The key pointers for the Indogulf Cropsciences IPO dates are:
- Bidding Opening Date: June 26, 2025
- Bidding Closing Date: June 30, 2025
- Allotment Date: July 1, 2025
- Initiation of Refunds (in case of less or no allotment): July 2, 2025
- Shares Credited to Your Demat Account: July 2, 2025
- IPO Listing Date: July 3, 2025
- Listing on Exchange: BSE and NSE
WHY SMC
- 20 Lac+ unique clients
- 33+ Years of Serving
- Advance Technical Analysis
- Free Demat Account
Indogulf Cropsciences IPO Issue Size
Indogulf Cropsciences IPO valuation, as denoted by the market capitalisation, stood at ₹701.54 crores.
Here are the important Indogulf Cropsciences IPO details:
- Indogulf Cropsciences IPO Price Band: ₹105 to ₹111 per share
- Face Value: ₹10 per share
- Lot Size: 135 Shares
- Issue Size and Amount: 1.80 crore shares (totalling up to ₹200 crores)
- Fresh Issue Size and Amount: 1.44 crore shares (totalling up to ₹160 crores)
- OFS and Amount: 36 lakh shares (totalling up to ₹40 crores)
Indogulf Cropsciences IPO Proceeds Usage
The proceeds raised from the Indogulf Cropsciences IPO will be allocated across key operational and strategic areas to support the company’s growth and financial stability. Here’s how the funds will be utilised:
- Working Capital Requirements: ₹65 crores will be allocated to meet the working capital needs of the company to support day-to-day operations.
- Loan Repayment: ₹34.12 crores will be used for repayment or pre-payment of certain outstanding borrowings, helping the company reduce its debt burden.
- Capital Expenditure: ₹14 crores will be directed towards setting up an in-house Dry Flowable (DF) plant at Barwasni, located in Sonipat district, Haryana, to boost production capacity.
- General Corporate Purposes: The remaining funds will be used for general corporate expenses, including administrative and strategic initiatives.
Indogulf Cropsciences IPO Reservations
Indogulf Cropsciences IPO reservations to different investors are:
- For QIBs: Not more than 50% of the offer
- For NIIs: Not more than 15% of the offer
- For Retail Investors: Not less than 35% of the offer
- Indogulf Cropsciences IPO Shareholder Quota: There is no provision of shareholder quota in the red herring prospectus (RHP).
Indogulf Cropsciences IPO Lot Size
Indogulf Cropsciences IPO lot size is 135 shares, and bids can be placed in further multiples. The table below outlines the minimum and maximum investment amounts across investor categories:
| Applicant Type | Lot Size | Shares | Amount (in ₹) |
|---|---|---|---|
| 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 |
WHY SMC
- 20 Lac+ unique clients
- 33+ Years of Serving
- Advance Technical Analysis
- Free Demat Account
Indogulf Cropsciences IPO Promoter Holding
Sanjay Aggarwal, Anshu Aggarwal, Om Prakash Aggarwal, and Arnav Aggarwal are the promoters of the company.
Indogulf Cropsciences IPO: Company Overview
Established in 1993, Indogulf Cropsciences Limited is an Indian agrochemical company engaged in the production of crop protection solutions, plant nutrients, and biologicals for the agricultural sector.
In 2019, the company began producing Spiromesifen technical with a purity level of 96.5%, and it also became one of the first domestic manufacturers of Pyrazosulfuron Ethyl technical with 97% purity—a significant milestone in indigenous agrochemical development.
Indogulf operates four manufacturing units located in Samba (Jammu & Kashmir) and Nathupur (Haryana). These facilities span nearly 20 acres, including two plants in Nathupur and one in Barwasni, Haryana.
The company has built a strong presence across India, with a distribution network covering 22 states and 3 Union Territories, supported by 192 business partners and 6,916 distributors. Globally, it works with 143 partners across 34 countries, reflecting its growing international footprint.
A key strength of Indogulf lies in its multi-purpose, flexible manufacturing facilities that allow it to tailor production based on customer needs. The company also benefits from an established distribution network, strong R&D capabilities, and a wide range of product offerings.
Indogulf Cropsciences IPO: Financial Performance
Indogulf Cropsciences Limited’s key financials for different periods are as follows:
| Particulars (in ₹ Cr) | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | YoY Change |
|---|---|---|---|---|
| Revenue | 466.31 | 555.79 | 552.19 | 0.65% |
| Net Profit | 21.68 | 28.23 | 22.42 | 25.91% |
| EBITDA | 44.78 | 55.74 | 49.04 | 13.66% |
| Total Borrowings | 206.30 | 154.56 | 189.22 | -18.32% |
| Assets | 597.81 | 542.25 | 517.51 | 4.78% |
- The revenue increased by just 0.65% YoY to ₹555.79 crores, while net profit rose by 25.91% to ₹28.23 crores in FY24.
- Its strong EBITDA performance is highlighted by the 13.66% year-on-year growth in FY24 to ₹55.74 crores.
- The total borrowings dropped by 18.32% YoY to ₹154.56 crores, indicating its better debt management framework.
Indogulf Cropsciences IPO Risk Factors
Indogulf Cropsciences IPO GMP is ₹11 as of June 25, 2025 (at 10:35). It is expected to list at a 9.91% gain at a price of ₹122. However, GMP is not a safe or assured criterion to bid for an IPO.
Indogulf Cropsciences Limited is exposed to various risk factors that can eventually affect its business and investors’ perception:
- A change in product names, a decline in product quality, or any form of negative publicity could significantly harm the company’s reputation, potentially resulting in financial losses and disrupted cash flow.
- Delays or failures in collecting customer payments may reduce profitability and put strain on the company’s working capital and cash flow.
- Any shortage or disruption in the supply of raw materials or key components may lead to increased costs and reduced availability of products, adversely affecting the company’s financial performance and operational stability.
- The company’s operations are heavily dependent on its manufacturing facilities. As a result, any unforeseen or prolonged disruptions in production could have a profound impact on its business continuity, finances, and overall performance.
Indogulf Cropsciences IPO Details: Contact Details
Here are details of the registered address and registrar name of Indogulf Cropsciences Limited:
- Registered Office Address: Indogulf Cropsciences Limited, 501, Gopal Heights, Plot No – D-9, Netaji Subhash Place, Delhi, New Delhi, 110034
- Email: cs@groupindogulf.com
- Company Website: http://www.groupindogulf.com/
- Registrar Name: Bigshare Services Pvt Ltd
For all the insights on Indogulf Cropsciences IPO and detailed expert advice, you can download the SMC ACE App or visit the SMC Telegram channels. Take wise decisions and apply for Indogulf Cropsciences IPO easily on the SMC ACE App by opening free demat account now.
Frequently Asked Questions – FAQs
1. What is the lot size of Indogulf Cropsciences IPO?
The lot size of the IPO is ₹135 with a minimum amount of ₹14,985.
2. When is Indogulf Cropsciences IPO allotment?
On July 1, 2025, the Basis of Allotment for the Indogulf Cropsciences IPO will be finalised, and by July 2, the allocated shares will be credited to your demat account.
3. When is Indogulf Cropsciences IPO listing date?
The listing date of this mainboard IPO is 3rd July, 2025 (Thursday).
4. When will the Indogulf Cropsciences IPO open?
The initial public offering (IPO) for Indogulf Cropsciences will begin on June 26, 2025, and end on June 30, 2025.
Author: All Content is verified by SMC Global Securities.
WHY SMC
- 20 Lac+ unique clients
- 33+ Years of Serving
- Advance Technical Analysis
- Free Demat Account
