INDOGULF CROPSCIENCES LIMITED
Price Band
₹ 105 - ₹ 111
Bid Lot
135 Shares
INDOGULF CROPSCIENCES LIMITED
26-Jun-2025 - 30-Jun-2025
Price Band
₹ 105 - ₹ 111
Minimum Investment
₹ 14985.00
Bid Lot
135 Shares
Shares
18,018,017
-
Face Value - Rs. 10/- Per Share
- Lisitng at NSE, BSE
-
46,713 Application Required in Retail for 1 Time.
-
Registrar :
Bigshare Services Pvt. Ltd
IPO Details
QIB
50%
(8,738,737 Shares)Rs. 97.00 CR
HNI 1
5%
(873,874 Shares)Rs. 9.70 Cr @ 462 FORM 1X
HNI 2
10%
(1,747,748 Shares)Rs. 19.40 CR @ 925 FORM 1X
Retail
35%
(6,117,117 Shares)Rs. 67.90 CR @ 45312 FORM 1X
Timeline
-
26
Jun-2025
Open Date
-
30
Jun-2025
Close Date
-
01
Jul-2025
Basis of Allotment Date
-
02
Jul-2025
Initiation of Refunds
-
02
Jul-2025
Credit of Shares to Demat A/C
-
03
Jul-2025
IPO Listing Date
Subscription as on 30-Jun-2025 17:39
Category
Book Size
Subscription
QIB
33.16x
3,603,604
(₹40.00 Cr.)
119,479,455
(₹1326.22 Cr.)
HNI (<10 LAKH)
44.26x
873,874
(₹9.70 Cr.)
38,680,605
(₹429.35 Cr.)
HNI2 (>10 LAKH)
53.74x
1,747,748
(₹19.40 Cr.)
93,928,140
(₹1042.60 Cr.)
RETAIL
14.98x
6,306,306
(₹70.00 Cr.)
94,484,745
(₹1048.78 Cr.)
Total
27.66x
12,531,532
346,572,945
Category
Book Size
Subscription
QIB
33.16x
3,603,604
(₹40.00 Cr.)
119,479,455
(₹1326.22 Cr.)
HNI (<10 LAKH)
44.26x
873,874
(₹9.70 Cr.)
38,680,605
(₹429.35 Cr.)
HNI2 (>10 LAKH)
53.74x
1,747,748
(₹19.40 Cr.)
93,928,140
(₹1042.60 Cr.)
RETAIL
14.98x
6,306,306
(₹70.00 Cr.)
94,484,745
(₹1048.78 Cr.)
Total
27.66x
12,531,532
346,572,945
*Excluding Anchor
Total No. of Application Approx : ~628435 (13.45 Appwise)
HNI Cost
About Company
Incorporated in 1993, Indogulf Cropsciences Limited is engaged in manufacturing crop protection products, plant nutrients, and biologicals in India.
The company manufactured Spiromesifen technical with 96.5% purity in 2019 and is one of the first indigenous manufacturers of Pyrazosulfuron Ethyl technical with 97% purity in India.
The company operates four manufacturing facilities in Samba (Jammu & Kashmir) and Nathupur (Haryana), covering approximately twenty acres, including two sites in Nathupur and one in Barwasni, Haryana.
The company has a sales network across 22 states and 3 Union Territories in India, with 169 business partners, 5,772 distributors, and 129 partners in 34 countries worldwide.
The company’s flexible, multi-purpose facilities allow diverse product manufacturing, adapting to customer needs. Its competitive advantage is strengthened by high regulatory barriers in the agrochemical industry, including costs and complex approvals.
Product Portfolio:
- Plant Nutrients: The company manufactures specialty fertilizers, bio-simulants, and performance products, including straight fertilizers and soil health products, to enhance soil fertility, stimulate root growth, and improve crop yields.
- Crop Protection Products: The company manufactures crop protection products, including insecticides, fungicides, herbicides, and bio-stimulants, designed to safeguard crops from pests, diseases, and weeds, ensuring healthy growth and productivity.
- Biologicals: The company offers biological products, including bio-stimulants and bio-fertilizers, to improve crop growth, nutrient uptake, stress tolerance, and overall sustainability, with products like Biogold, Indo Breeza, and Indo Mychoriza.
As of August 31, 2024, the company had 640 permanent employees.
Strengths
Competitive Strengths:
- Diversified product portfolio and specialized products across all three verticals.
- Established distribution network in India and abroad.
- Backward integrated manufacturing infrastructure.
- Strong R&D and product development capabilities.
- Experienced Promoters and a strong management team.
Company Promoters
Company Financials
| Period Ended | 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 |
| EBITDA | 44.78 | 55.74 | 49.04 | 47.24 |
| Net Worth | 265.43 | 231.65 | 203.25 | 180.51 |
| Reserves and Surplus | 216.64 | 208.01 | 179.60 | 156.87 |
| Total Borrowing | 206.30 | 154.56 | 189.22 | 101.38 |
| Amount in ? Crore | ||||
Objects of the Issue
The Company Indogulf Cropsciences IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (? in crores) |
|---|---|---|
| 1 | Funding working capital requirements of our Company | 65.00 |
| 2 | Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by our Company | 34.12 |
| 3 | Capital expenditure of our Company for setting up an in-house dry flowable (DF) plant at Barwasni, District Sonipat, Haryana | 14.00 |
| 4 | General corporate purposes |
How to Apply
Apply for IPO in few simple steps.
-
Step 1
Once you create your account, Login to Easy Investing.
-
Step 2
Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.
-
Step 3
Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).
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Step 4
Enter your UPI ID and you will receive mandate on your UPI App.
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Step 5
Once you accept the mandate, Application is submitted successful.
The Bidding Process
- Applying for an IPO is easier than ever with Easy Investing, in just a few clicks your application is processed. You can bid for any IPO through Easy Investing, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
- If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
- The maximum subscription amount for retail investors is 2 lakh.
- Any bid can be at a desired price or cut off price given by the company.
How to bid on App?
- Enter the number of shares you wish to buy, as per the lot size.
- You can apply at the cut off price set by the company or bid for a desired amount within the price band.
- Maximum three bids will be accepted.
- You then need to enter the UPI ID on Easy Investing’s IPO application form.
Investing using UPI
- You will immediately get a fund blocked request on your UPI for the submitted IPO application.
- The funds will be blocked in your bank account until allotment when it is debited.
- The limit for IPO application is Rs 2 lakh per transaction on UPI.
- On allotment of the shares, the money will be automatically debited.
- If the share aren’t allotted the blocked funds will reflect back into your account.
FAQs
Frequently Ask Question