Indogulf Cropsciences IPO opens on June 26: Check price band, lot size, objectives and key dates

Indogulf Cropsciences IPO will be open for public subscription from June 26. The initial public offer will conclude on June 30. The price band has been fixed at ₹105-₹111 per share.

The ₹200 crore initial share sale is a mix of a fresh capital raise of ₹160 crore as well as an offer for sale (OFS) component of 3,603,603 shares.

The objects of the issue include:

• Funding working capital needs
• Repayment of debt
• Capital expenditure to establish an in-house dry flowable (DF) facility in Haryana
• Corporate general purposes

Indogulf Cropsciences IPO: Lot size

Investors can apply for a minimum of one lot, consisting of 135 shares, valued at ₹14,985 at the upper end of the price band.

The company has reserved 50% of the net offer for qualified institutional buyers (QIBs), 35% for retail investors, and 15% for non-institutional investors.

Indogulf Cropsciences IPO: Key dates

The allotment for the Indogulf Cropsciences IPO is likely to be finalised on July 1. The company's equity shares will be listed on the NSE and the BSE on July 3.

Systematix Corporate Services Ltd is the issue's book-running lead manager, while Bigshare Services is the registrar.

About Indogulf Cropsciences

Incorporated in 1993, Indogulf Cropsciences manufactures crop protection products, biologicals, and plant nutrients in India. It is one of the first few indigenous makers of Pyrazosulfuron Ethyl technical with 97% purity.

The company is also a growing exporter of plant nutrients, crop protection, and biological products. Its products are exported to more than 34 countries.

It manufactures and markets an extensive range of products such as water dispersible granules, capsule suspension, ultra low volume, emulsion in water, suspension concentrate, soluble granule, flowable suspension, etc.

Indogulf Cropsciences reported revenue from operations of ₹466.31 crore with a net profit of ₹21.68 crore for the nine-month period ending in December 2024.