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  1. Indogulf Cropsciences, Moving Media Entertainment, 3 others IPOs open; check list and key details

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Indogulf Cropsciences, Moving Media Entertainment, 3 others IPOs open; check list and key details

Upstox

2 min read | Updated on June 26, 2025, 11:29 IST

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SUMMARY

Indogulf Cropsciences IPO is the issuance of new equity shares worth ₹160 crore and an offer for sale of ₹40 crore. The total issue size is ₹200 crore.

Indogulf Cropsciences shares will be listed on the BSE and the NSE. | Image: Shutterstock

Indogulf Cropsciences shares will be listed on the BSE and the NSE. | Image: Shutterstock

Indogulf Cropsciences IPO and four SME issues – Moving Media Entertainment, Valencia India, Ace Alpha Tech and PRO FX Tech – opened for subscription on Thursday, June 26.

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PRO FX Tech IPO is a fresh issuance of 46.32 lakh shares worth ₹40.30 crore, while Moving Media Entertainment's initial share sale is a fresh capital raise of ₹43.40 crore.
Valencia India's offer seeks to raise ₹48.95 crore via fresh issuance of shares and an offer for sale (OFS) component. The ₹32.22 crore Ace Alpha Tech IPO is also a mix of a fresh issue and OFS.

Indogulf Cropsciences IPO

The initial public offering of crop protection products maker Indogulf Cropsciences is the issuance of new equity shares worth ₹160 crore and an offer for sale of ₹40 crore. The total issue size is ₹200 crore.

The price band is ₹105 to ₹111 per share, and a lot consists of 135 shares.

Money raised to the tune of ₹65 crore will be utilised for working capital needs, ₹34.12 crore for repayment of debt clearance, ₹14 crore for capital expenditure purposes, and a portion for corporate general purposes.

On Wednesday, the company garnered ₹58.20 crore from anchor investors, including Sunil Singhania-led Abakkus Asset Manager, Swyom India Alpha Fund, Viney Growth Fund, Rajasthan Global Securities, and Sunrise Investment Trust - Sunrise Investment Opportunities Fund.

It allocated 52.43 lakh equity shares to five entities at the upper price band of ₹111 per equity share.

Indogulf Cropsciences started its operations in 1993 and is involved in manufacturing crop protection products, plant nutrients and biologicals.

The company's revenue from operations and its profit after tax stood at ₹464.19 crore and ₹21.68 crore, respectively, in the nine months ended December 31, 2024.

Systematix Corporate Services Ltd is the book-running lead manager of the issue, and Bigshare Services Pvt Ltd is the registrar.

The firm's shares will be listed on the BSE and the NSE.

To learn more about IPOs, their listings, schedules, and upcoming IPOs, visit our page.
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