Indogulf Cropsciences IPO Description – Indogulf Cropsciences began operations in 1993, focusing on three business areas: crop protection, plant nutrients, and biologicals. The company serves both retail and institutional clients to improve crop yields. Indogulf manufactures and markets a wide array of products in various formulations, including water-dispersible granules (WDG), suspension concentrate (SC), capsule suspension (CS), ultra-low volume (ULV), emulsion in water (EW), soluble granule (SG), and flowable suspension (FS). These products are available to customers in powder, granule, and liquid form.
Indogulf Cropsciences has a sales and dealer presence in 22 states and 3 Union Territories in India, as well as in over 34 countries internationally. They have a dedicated sales and development team that provides customer service and promotes their products. As of 31 August 2024, their marketing network included 169 institutional business partners (B2B) and 5,772 working domestic distributors (B2C). This is supported by 17 stock depots and six sales/branch offices in India, along with 129 overseas business partners, optimizing product distribution across more than 34 countries.
Promoters of Indogulf Cropsciences – Mr. Om Prakash Aggarwal, Mr. Sanjay Aggarwal, Mr. Anshu Aggarwal, and Mr. Arnav Aggarwal
Table of Contents
Indogulf Cropsciences IPO Details
| Indogulf Cropsciences IPO Dates | 26 – 30 June 2025 |
| Indogulf Cropsciences Issue Price | INR 105 – 111 per share |
| Employee Quota | 6,00,000 shares; INR 11 per share discount |
| Fresh issue | INR 160 crore |
| Offer For Sale | 36,03,603 shares (INR 37.84 – 40.0 crore) |
| Total IPO size | INR 197.84 – 200 crore |
| Minimum bid (lot size) | 135 shares (INR 14,985) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Indogulf Cropsciences Financial Performance
| FY 2022 | FY 2023 | FY 2024 | 9M FY 2025 | |
| Revenue | 487.21 | 549.66 | 552.23 | 464.19 |
| Expenses | 454.68 | 522.04 | 516.08 | 438.26 |
| Net income | 26.36 | 22.42 | 28.23 | 21.68 |
| Margin (%) | 5.41 | 4.08 | 5.11 | 4.67 |
Indogulf Cropsciences Offer News
- Indogulf Cropsciences RHP
- Indogulf Cropsciences DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Indogulf Cropsciences Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 (Pre-Issue) | FY 2025 (Post-Issue)* | |
| EPS | 5.40 | 4.60 | 5.79 | 4.59 |
| PE Ratio | – | – | 18.14 – 19.18 | 22.85 – 24.16 |
| FY 2022 | FY 2023 | FY 2024 | |
| RONW (%) | 14.60 | 11.03 | 12.19 |
| NAV | 37.00 | 41.67 | 47.49 |
| ROCE (%) | 13.81 | 10.12 | 11.93 |
| EBITDA (%) | 9.70 | 8.92 | 10.09 |
| Debt/Equity | 0.56 | 0.93 | 0.67 |
Indogulf Cropsciences IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 2 July 2025 | 14 | – | 1,200 |
| 1 July 2025 | 11 | – | 1,100 |
| 30 June 2025 | 8 | – | 800 |
| 28 June 2025 | 10 | – | 1,300 |
| 27 June 2025 | 10 | – | 1,200 |
| 26 June 2025 | 12 | – | 1,100 |
| 25 June 2025 | 12 | – | 1,100 |
| 24 June 2025 | 10 | – | 1,000 |
Indogulf Cropsciences IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding the working capital requirements of the company – INR 65 crore
- Repayment/prepayment in full or in part, of certain outstanding borrowings availed by the company – INR 34.12 crore
- Capital expenditure of the company for setting up an in-house dry flowable (DF) plant at Barwasni, Sonipat, Haryana – INR 14 crore
- General corporate purposes
Indogulf Cropsciences IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Emp | Total |
|---|---|---|---|---|---|
| Shares Offered | 35,92,277 | 27,40,541 | 63,94,595 | 6,38,297 | 1,33,65,710 |
| 30 Jun 2025 | 33.26 | 48.39 | 14.77 | 1.09 | 25.98 |
| 27 Jun 2025 | 0.05 | 0.85 | 1.55 | 0.15 | 0.94 |
| 26 Jun 2025 | 0.00 | 0.27 | 0.69 | 0.04 | 0.39 |
52,43,242 shares allotted to anchor investors are not included in these calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.
Indogulf Cropsciences – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Indogulf Cropsciences | 22.85 – 24.16 | 4.59 | 8.17 | 54.41 | 464.19 |
| Aries Agro | 17.47 | 14.94 | 7.07 | 200.20 | 516.46 |
| Basant Agro Tech | 44.58 | 0.43 | 2.27 | 19.22 | 404.75 |
| Best Agrolife | 12.23 | 44.94 | 16.42 | 273.64 | 1,873.32 |
Indogulf Cropsciences IPO Allotment Status
Indogulf Cropsciences IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Indogulf Cropsciences IPO Dates & Listing Performance
| IPO Opening Date | 26 June 2025 |
| IPO Closing Date | 30 June 2025 |
| Finalization of Basis of Allotment | 1 July 2025 |
| Initiation of refunds | 2 July 2025 |
| Transfer of shares to demat accounts | 2 July 2025 |
| Indogulf Cropsciences IPO Listing Date | 3 July 2025 |
| Opening Price on NSE | INR 111 per share (no change) |
| Closing Price on NSE | INR 110.35 per share (down 0.59) |
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Indogulf Cropsciences Offer Lead Manager
SYSTEMATIX CORPORATE SERVICES LIMITED
The Capital, A-Wing, 6th Floor,
No. 603-606, Plot No. C-70, G-Block,
Bandra-Kurla Complex (BKC), Bandra (East),
Mumbai 400 051, Maharashtra
Tel. No.: +91-22-6704 8000
Email: [email protected]
Website: www.systematixgroup.in
Indogulf Cropsciences Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com
Indogulf Cropsciences Contact Details
INDOGULF CROPSCIENCES LIMITED
501, Gopal Heights Plot No – D-9, Netaji
Subhash Place, New Delhi – 110034, Delhi
Phone: +91 11 4004 0417
Email: [email protected]
Website: www.groupindogulf.com
Indogulf Cropsciences IPO FAQs
How many shares in Indogulf Cropsciences IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for Indogulf Cropsciences Public Offer?
The best way to apply for Indogulf Cropsciences’ public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Indogulf Cropsciences IPO GMP today?
Indogulf Cropsciences IPO GMP today is INR 14 per share.
What is the Indogulf Cropsciences kostak rate today?
Indogulf Cropsciences kostak rate today is INR NA per application.
What is Indogulf Cropsciences Subject to Sauda rate today?
Indogulf Cropsciences Subject to Sauda rate today is INR 1,200 per application.