Indogulf Cropsciences IPO Subscribed 93% on Day 2; Retail Book Oversubscribed

New Delhi, June 27: The public issue of Indogulf Cropsciences continued to see strong traction on the second day of bidding, with the IPO subscribed 0.93 times or 93% overall, as of 4:54 PM. The retail investor category led the charge with full subscription, while interest from institutional investors remained tepid.

Day 2 Subscription Status (as of June 27, 2025)

• Retail Individual Investors (RIIs):
  Subscribed 1.54 times with 98.63 lakh bids against 63.94 lakh shares reserved
• Non-Institutional Investors (NIIs):
  Subscribed 0.85 times with 23.15 lakh bids against 27.40 lakh shares
  • Within this segment:
    • ₹2–10 lakh bids: Subscribed 1.45x
    • Above ₹10 lakh bids: Subscribed 0.54x
• Qualified Institutional Buyers (QIBs):
  Subscribed 0.05 times, receiving 1.87 lakh bids against 35.92 lakh shares
• Employee Category:
  Subscribed 0.15 times with 98,010 bids against 6.38 lakh shares

Overall Response

The IPO has so far garnered 1.24 crore bids compared to the 1.33 crore shares on offer, indicating rising momentum as the offer heads into its final days.

Key IPO Details

• Price Band: ₹105–₹111 per equity share
• Issue Size: ₹200 crore (₹160 crore fresh issue + 36.03 lakh OFS shares)
• Minimum Bid Lot: 135 shares
• IPO Closes On: June 30, 2025
• Listing On: BSE and NSE

Investors still have one more trading day to bid for shares in this offering. The response on the final day, especially from institutional investors, will be key in pushing the IPO into oversubscription territory.

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