Indogulf Cropsciences IPO Price: ₹105 to ₹111 per share
IPO Dates: 26th June 2025 – 30th June 2025
Company Overview
Incorporated in 1993, Indogulf Cropsciences Limited is a homegrown agrochemical company engaged in the manufacturing of crop protection products, plant nutrients, and biologicals. The company has played a pioneering role in India’s agrochemical sector, becoming one of the first indigenous manufacturers of Spiromesifen technical (96.5% purity) in 2019 and Pyrazosulfuron Ethyl technical (97% purity).
Manufacturing Capabilities
Indogulf operates four manufacturing facilities located in Samba (Jammu & Kashmir) and Nathupur and Barwasni (Haryana), covering approximately 20 acres of industrial space. The company’s flexible and multi-purpose production lines enable it to adapt to evolving customer requirements and offer a wide array of products across various agrochemical segments.
Product Portfolio
The company has built a comprehensive and diversified product portfolio across three major verticals:
- Biologicals: Indogulf offers sustainable agricultural solutions through bio-fertilisers and bio-stimulants such as Biogold, Indo Breeza, and Indo Mychoriza, which enhance nutrient uptake, stress tolerance, and overall crop resilience.
- Plant Nutrients: This includes speciality fertilisers, bio-stimulants, and soil health products designed to boost soil fertility, root development, and crop productivity.
- Crop Protection Products: The company manufactures a wide range of insecticides, herbicides, fungicides, and bio-stimulants that protect crops from pests, diseases, and weeds.
Distribution Network
As of August 31, 2024, the company employed 640 permanent staff and maintained a strong domestic and international footprint. It has an established sales and distribution network in 22 states and 3 Union Territories across India, supported by 169 business partners and 5,772 distributors. Internationally, the company has partnerships with 129 partners in 34 countries, reflecting its growing global presence.
Competitive Strengths
Indogulf Cropsciences Limited’s strengths lie in its:
- Diversified and specialized product portfolio across all business segments.
- Strong domestic and global distribution network.
- Backward-integrated manufacturing setup that ensures cost control and quality consistency.
- In-house R&D and innovation-driven product development.
- Experienced Promoters and a capable management team with a deep understanding of the agrochemical sector.
With high regulatory barriers and strong industry positioning, Indogulf Cropsciences is well placed to capitalize on the growing demand for sustainable and efficient agricultural solutions.
Bidding Starts In
Indogulf Cropsciences IPO Specifics:
| IPO Date | June 26, 2025 to June 30, 2025 |
| Listing Date | Wednesday, July 2, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹105 to ₹111 per share |
| Lot Size | 135 Shares |
| Total Issue Size | 1,80,18,017 shares (aggregating up to ₹200.00 Cr) |
| Fresh Issue | 1,44,14,414 shares (aggregating up to ₹160.00 Cr) |
| Offer For Sale | 36,03,603 shares of ₹10 (aggregating up to ₹40.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 4,87,87,456 shares |
| Share Holding Post Issue | 6,32,01,870 shares |
Indogulf Cropsciences IPO Timetable (Important Dates)
| IPO Open Date | Thursday, June 26 2025 |
| IPO Close Date | Monday, June 30 2025 |
| Basis of Allotment | Tuesday, July 1 2025 |
| Initiation of Refunds | Wednesday, July 2 2025 |
| Credit of Shares to Demat | Wednesday, July 2 2025 |
| Listing Date | Thursday, July 3 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 30, 2025 |
Indogulf Cropsciences IPO Lot Size
Bidders have the opportunity to bid for a minimum of 135 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 135 | ₹14,985 |
| Retail (Max) | 13 | 1,755 | ₹1,94,805 |
| S-HNI (Min) | 14 | 1,890 | ₹2,09,790 |
| S-HNI (Max) | 66 | 8,910 | ₹9,89,010 |
| B-HNI (Min) | 67 | 9,045 | ₹10,03,995 |
Indogulf Cropsciences IPO Reservation
| QIB Shares Offered | Not more than 50% of the Net offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Offer |
Indogulf Cropsciences Limited IPO Financial Information
| Period Ended | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Dec 2024 |
|---|---|---|---|---|
| Assets | 413.59 | 517.51 | 542.25 | 597.81 |
| Revenue | 490.23 | 552.19 | 555.79 | 466.31 |
| Profit After Tax | 26.36 | 22.42 | 28.23 | 21.68 |
| EBITDA | 47.24 | 49.04 | 55.74 | 44.78 |
| Net Worth | 180.51 | 203.25 | 231.65 | 265.43 |
| Reserves & Surplus | 156.87 | 179.60 | 208.01 | 216.64 |
| Total Borrowing | 101.38 | 189.22 | 154.56 | 206.30 |
Key Performance Indicator – Indogulf Cropsciences IPO
| KPI | Values |
|---|---|
| Market Cap | ₹701.54 Cr |
| EPS | ₹5.79 |
| P/E (x) | 19.18 |
| ROE | 12.2% |
| ROCE | 11.93% |
| Debt/ Equity | 0.67 |
| RoNW | 12.19% |
Objects of the Issue:
Sambhv Steel Tubes Limited proposes to utilise the Net Proceeds from the IPO towards the following objectives:
- Prepayment or scheduled repayment of certain outstanding borrowings availed by the Company, to improve the overall debt profile and reduce interest obligations.
- General corporate purposes, including but not limited to strategic initiatives, operational expenses, and business development activities.
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
Indogulf Cropsciences Limited IPO DRHP.
Indogulf Cropsciences Limited IPO RHP
