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Indogulf Cropsciences IPO

  • Status: Closed
  • RHP:
  • ₹ 14,175 / 135 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    03 Jul 2025

  • Listing Price

    ₹111.00

  • Listing Change

    0.00%

  • Last Traded Price

    ₹82.80

Indogulf Cropsciences IPO Details

  • Open Date

    26 Jun 2025

  • Close Date

    30 Jun 2025

  • Listing Date

    03 Jul 2025

  • IPO Price Range

    ₹ 105 to ₹111

  • IPO Size

    ₹ 200 Cr

  • Listing Exchange

    BSE NSE

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Timeline Financials SWOT FAQ Contacts

Indogulf Cropsciences IPO Timeline

Indogulf Cropsciences IPO Subscription Status

Last Updated: 29 September 2025 2:59 PM by 5paisa

Indogulf Cropsciences Limited is launching its ₹200 crore IPO. The company manufactures crop protection products, plant nutrients, and biologicals. It pioneered indigenous production of Spiromesifen and Pyrazosulfuron Ethyl technicals. With four facilities in Jammu & Kashmir and Haryana, it operates across 20 acres. Its network spans 22 Indian states, 3 Union Territories, and 34 countries. Backed by adaptable manufacturing and strong regulatory barriers, Indogulf holds a competitive edge in the agrochemical industry through scale, innovation, and strategic global partnerships.

Established in: 1993
Managing Director: Mr. Sanjay Aggarwal

Peers

Aries Agro Ltd
Basant Agro Tech India Ltd
Best Agrolife Ltd
Bhagiradha Chemicals & Industries Ltd
Heranba Industries Ltd
India Pesticides Ltd
Dharmaj Crop Guard Ltd
 

Indogulf Cropsciences Objectives

Working capital requirements
Repayment/ prepayment of outstanding borrowings
Capital expenditure for setting up an in-house DF plant at Barwasni, Sonipat, Haryana.
General corporate purposes    

Indogulf Cropscience IPO Size

Types Size
Total IPO Size ₹200.00 Cr
Offer For Sale ₹40.00 Cr
Fresh Issue ₹160.00 Cr

 

Indogulf Cropscience IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 135 14,175
Retail (Max) 13 1,755 184,275
S-HNI (Min) 14 1,890 198,450
S-HNI (Max) 66 8,910 935,550
B-HNI (Min) 67 9,045 949,725

Indogulf Cropscience IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB 31.73 37,65,767 11,94,79,455 1,326.222
NII (HNI) 49.06 27,02,703 13,25,86,065 1,471.705
bNII (bids above ₹10L) 52.13 18,01,802 9,39,28,140 1,042.602
sNII (bids below ₹10L) 42.91 9,00,901 3,86,57,925 429.103
Retail 14.97 63,06,306 9,43,93,080 1,047.763
Total** 27.17 1,27,74,776 34,71,50,475 3,853.370

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Indogulf Cropscience IPO Anchor Allocation

Anchor Bid Date June 25, 2025
Shares Offered 52,43,24
Anchor portion Size (In ₹ Cr.) 58.20
Anchor lock-in period end date for 50% shares (30 Days) July 31, 2025
Anchor lock-in period end date for remaining shares (90 Days) September 29, 2025

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY23 FY24
Revenue 490.23 552.19 555.79
EBITDA 47.24 49.04 55.74
PAT 26.36 22.42 28.23
Particulars (in Rs. Crores)] FY22 FY23 FY24
Total Assets 413.59 517.51 542.25
Share Capital 23.52 23.52 23.52
Total Borrowings 101.38 189.22 154.56
Particulars (in Rs. Crores FY22 FY23 FY24
Net Cash Generated From / (used in) operating activities -7.01 -57.01 53.34
Net Cash Generated From / (used in) investing activities -10.02 -19.29 -5.23
Net Cash Generated From / (used in) financing activities 16.09 -75.20 -48.89
Net Increase (Decrease) In Cash And Cash Equivalents -0.93 -1.11 -0.77


Strengths

1. Over three decades of experience in India’s growing agrochemical and crop protection industry.
2. Product portfolio spans 400+ SKUs across crop protection, nutrients, and biologicals.
3. Strong presence in 22 states, 3 UTs, and exports to over 34 global markets.
4. Backward-integrated manufacturing and robust R&D enhance quality, cost control, and innovation capabilities.
 

Weaknesses

1. Relies on imports for 25–30% of raw materials, causing forex and supply chain risks.
2. Operations highly dependent on monsoon and agro-climatic conditions impacting seasonal product demand.
3. Large product range requires navigating complex regulatory frameworks across multiple geographies.
4. Expansion projects carry execution delays and potential cost overruns, affecting operational efficiency.
 

Opportunities

1. Rising global demand for sustainable crop protection products creates export growth potential.
2. Government support for domestic manufacturing could reduce import dependency and improve margins.
3. Expansion into newer international markets may diversify revenue and reduce domestic seasonality risks.
4. Growing adoption of specialty agrochemicals boosts scope for innovation-led product differentiation.

Threats

1. Intense competition from global and Indian players exerts pressure on pricing and margins.
2. Regulatory changes in key markets can delay product approvals and impact exports.
3. Geopolitical tensions or currency fluctuations may disrupt raw material sourcing strategies.
4. Environmental concerns around chemical pesticides may impact product acceptance and market demand.
 

1. Over 30 years in agrochemicals with global reach across 34 countries and 22 Indian states.
2. Consistent revenue and profit growth with FY24 PAT at ₹28.23 crore and healthy EBITDA margins.
3. ₹160 crore fresh issue to reduce debt and fund expansion, improving future operational efficiency.
4. Positioned in a ₹1.2 lakh crore growing industry with strong government and export-driven tailwinds.
 

1. Indian agrochemical market targeting $14.5 billion by FY28 with a robust 9 % CAGR.
2. India ranks as second‑largest agrochemical exporter, reaching $5.5 billion in FY23.
3. The government's “Make in India” push supports domestic manufacturing and reduces reliance on external imports.
4. Rising use of bio-pesticides and precision farming drives long-term growth in crop protection demand.
 

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FAQs

Indogulf Cropsciences IPO opens from June 26, 2025 to June 30, 2025.
 

The size of Indogulf Cropsciences IPO is ₹200.00 Cr.
 

The price of Indogulf Cropsciences IPO is fixed at ₹105 to ₹111 per share. 

To apply for Indogulf Cropsciences IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Indogulf Cropsciences  IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Indogulf Cropsciences IPO is 135 shares and the investment required is ₹14,175.
 

The share allotment date of Indogulf Cropsciences IPO is July 1, 2025
 

The Indogulf Cropsciences IPO will likely be listed on July 3, 2025.
 

Systematix Corporate Services Limited is the book running lead manager for Indogulf Cropsciences IPO.
 

Indogulf Cropsciences plans to utilise the raised capital from the IPO for:

  • Working capital requirements
  • Repayment/ prepayment of outstanding borrowings
  • Capital expenditure for setting up an in-house DF plant at Barwasni, Sonipat, Haryana.
  • General corporate purposes