Indogulf Cropsciences IPO to open on June 26th 

Mumbai, 23 June 2025: Indogulf Cropsciences, a domestic producer of crop protection solutions, is set to open its ₹200 crore Initial Public Offering (IPO) for public subscription from 26 June to 30 June. The company has confirmed a price band of ₹105 to ₹111 per equity share, as per an official statement issued on Monday.

Anchor Investment Window Opens 25 June

Ahead of the main bidding period, the anchor investor window will open on 25 June, enabling early institutional participation. The lot size for the IPO has been fixed at 135 shares, with bids allowed in multiples of this number thereafter.

Breakdown of the Offer and Fund Allocation

The total Indogulf Cropsciences IPO size of ₹200 crore includes:

• A fresh issue of equity shares amounting to ₹160 crore
• An Offer for Sale (OFS) of up to 36.03 lakh equity shares by existing promoters, Om Prakash Aggarwal (HUF) and Sanjay Aggarwal (HUF)

The net proceeds from the fresh issue will be used for the following purposes:

• ₹65 crore for meeting working capital requirements
• ₹34.12 crore for repayment of existing borrowings
• ₹14 crore towards capital expenditure
• The remaining funds will be allocated to general corporate needs

Indogulf: A Veteran in Agrochemicals

Established in 1993, Indogulf Cropsciences has steadily grown within India’s agrochemical sector. The company manufactures a wide array of crop protection products, along with plant nutrition solutions and biologicals.

For the nine-month period ending 31 December 2024, the company recorded:

• Operating revenue of ₹464.19 crore
• Net profit of ₹21.68 crore

Listing Plans and Key Advisors

Following the completion of the offering, Indogulf Cropsciences will list its equity shares on both the BSE and NSE. Systematix Corporate Services has been appointed as the sole book-running lead manager, while Bigshare Services will act as the registrar for the issue.

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