Indogulf Cropsciences IPO Day 1: Check GMP, Subscription Status & Key Highlights
The bidding window for the Indogulf Cropsciences ₹200 crore IPO is open today, June 26, and will conclude on June 30, 2025.
Indogulf Cropsciences IPO: Issue Details
Indogulf Cropsciences IPO is a book-building issue of ₹200.00 crores, consisting of a fresh issue of ₹160.00 crores and an offer for sale of ₹40.00 crores.
The price band is set between ₹105 and ₹111 per share. The basis of allotment will be finalised by July 1, 2025, and the tentative listing date on BSE and NSE is July 3, 2025.
Indogulf Cropsciences IPO Day 1 Subscription Status
[26-June-2025 5:00:00 PM]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers(QIBs) |
0.05 |
|
Non-Institutional Investors |
0.27 |
|
Retail Individual Investors(RIIs) |
0.69 |
|
Employees |
0.05 |
|
Total |
0.40 |
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Utilisation of IPO Proceeds
The net proceeds from the fresh will be used to:
- Fund working capital requirements
- Repay/ prepay borrowings
- Set up an in-house dry flowable (DF) plant at Barwasni, Sonipat, Haryana
- General corporate purposes
Indogulf Cropsciences IPO GMP Details
As of 26 June 2025, Indogulf Cropsciences' IPO’s GMP stood at ₹11. The estimated listing price is ₹122, i.e., a 9.91% gain per share over the upper price band.
Source: Business Standard Report dated 26 June, 2025
Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market.
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Indogulf Cropsciences Business Overview
Indogulf Cropsciences manufactures crop protection products, plant nutrients and biologicals and exports to over 34 countries. The company has been recognised as a ‘Two Star Export House’ by the Government of India.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
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