Indogulf Cropsciences IPO Subscribed 40% on Day 1; Retail Portion at 69%

New Delhi, June 26: The initial public offering (IPO) of Indogulf Cropsciences received a 40% overall subscription on its opening day, reflecting moderate investor interest across categories. The IPO, which opened on June 26 and runs until June 30, has seen particular traction from retail investors.

Category-Wise Subscription Status (as of June 26, 2025, 5:03 PM)

• Retail Individual Investors (RIIs): Subscribed 0.69 times, with bids received for 44.27 lakh shares against 63.94 lakh shares offered
• Non-Institutional Investors (NIIs): Subscribed 0.27 times, led by stronger interest in the ₹2–10 lakh bid segment
• Qualified Institutional Buyers (QIBs): Subscribed 0.05 times, with bids totaling just over 1.82 lakh shares
• Employee Category: Subscribed 0.05 times, with bids for 30,780 shares out of over 6.38 lakh shares reserved

In total, the IPO has received bids for 53.77 lakh equity shares against the 1.33 crore shares on offer.

Indogulf Cropsciences IPO Details Recap

• Price Band: ₹105–₹111 per share
• Issue Size: ₹200 crore
• Fresh Issue: ₹160 crore
• Offer for Sale (OFS): 36.03 lakh shares
• Minimum Bid: 135 shares and in multiples thereof
• Listing: BSE and NSE
• Anchor Book: Opened on June 25

The IPO proceeds will be used to support working capital, debt repayment, capital expenditure, and general corporate purposes.

Investors have until June 30 to participate in the public offering.

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