Indogulf Cropsciences has announced its IPO, open for subscription from June 26 to June 30, 2025. This issue includes a fresh issue of 1.44 crore shares worth ₹160.00 crores and an offer for sale of 0.36 crore shares worth ₹40.00 crores. The total IPO size aggregates to ₹200.00 crores. The price band for the IPO is ₹105 to ₹111 per share, with a minimum IPO lot size of 135 shares. The IPO allotment is expected to be finalised by July 1, 2025, and the shares are likely to be listed on BSE and NSE on July 3, 2025.
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Indogulf Cropsciences IPO Timeline (Tentative)
| Event | Date |
| IPO Opening Date | June 26, 2025 |
| IPO Closing Date | June 30, 2025 |
| Allotment Date | July 1, 2025 |
| Face Value | ₹10.00 |
| Tick Size | ₹1.00 |
| Market Lot | 135 |
| Maximum Subscription Amount for Retail Investor | “Rs. 2,00,000” |
| Maximum Subscription Amount for Eligible Employee | “Rs. 5,00,000” |
| Maximum Bid Quantity for QIB Investors | “1,27,27,395 equity shares in multiple of 135 Equity Shares (Calculated at Lower Price band)” |
| Refund Initiation | July 2, 2025 |
| Shares Credited | July 2, 2025 |
| Listing Date | July 3, 2025 |
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Indogulf Cropsciences Limited: About the Company
Indogulf Cropsciences Limited was incorporated in 1993. The company is engaged in the manufacturing of crop protection products, plant nutrients, and biologicals in India.
The company operates four manufacturing units spread across Jammu & Kashmir and Haryana, including two sites in Nathupur and one in Barwasni.
Its network includes 5,772 distributors and 169 business partners in India and 129 partners in 34 countries across the globe.
Indogulf Cropsciences Limited IPO Key Details
- Indogulf Cropsciences IPO opening date – June 26, 2025
- Indogulf Cropsciences IPO closing date – June 30, 2025
- Indogulf Cropsciences IPO price band – ₹105 to ₹111 per share
- Indogulf Cropsciences IPO face value – ₹10 per share
- Indogulf Cropsciences IPO lot size – 135 shares
- Indogulf Cropsciences IPO minimum order quantity – 135 shares
- Indogulf Cropsciences IPO issue type – Book Building
- Indogulf Cropsciences IPO total issue size – 1,80,18,017 shares
- Indogulf Cropsciences IPO registrar – Bigshare Services Pvt Ltd
Indogulf Cropsciences: Financial Overview
Indogulf Cropsciences Limited has shown steady growth in its asset base, rising from ₹413.59 crore in FY22 to ₹597.81 crore as of December 2024. While revenue peaked at ₹555.79 crore in FY24, it stood at ₹466.31 crore for the nine months ended December 2024. Profit after tax has seen some fluctuation, with ₹28.23 crore in FY24 and ₹21.68 crore in the latest period. The company has also increased its borrowing and net worth over time, indicating expansion.
| Financial Year / Period | Assets | Revenue | Profit After Tax | EBITDA | Net Worth | Reserves & Surplus | Total Borrowing |
| 9M FY25 (Dec 31, 2024) | 597.81 | 466.31 | 21.68 | 44.78 | 265.43 | 216.64 | 206.30 |
| FY24 (Mar 31, 2024) | 542.25 | 555.79 | 28.23 | 55.74 | 231.65 | 208.01 | 154.56 |
| FY23 (Mar 31, 2023) | 517.51 | 552.19 | 22.42 | 49.04 | 203.25 | 179.60 | 189.22 |
| FY22 (Mar 31, 2022) | 413.59 | 490.23 | 26.36 | 47.24 | 180.51 | 156.87 | 101.38 |
Indogulf Cropsciences Limited IPO – FAQs
Indogulf Cropsciences Limited is a 1993-founded agrochemical company that manufactures crop protection products, plant nutrients, and biologicals. It operates four plants and serves customers across India and 34 other countries.
The Indogulf Cropsciences IPO opens on June 26, 2025 and closes on June 30, 2025.
The minimum application size for Indogulf Cropsciences IPO is 135 shares. This amounts to ₹14,985 at the cutoff price.
The price band of the Indogulf Cropsciences IPO is ₹105 to ₹111 per share.
The allotment of Indogulf Cropsciences IPO is likely to be completed on July 1, 2025.
The shares of Indogulf Cropsciences IPO are expected to be listed on BSE and NSE on July 3, 2025.
Systematix Corporate Services Ltd is managing the issue.
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