Indogulf Cropsciences IPO Day 3: Check GMP, Subscription Status & Key Highlights
The bidding window for Indogulf Cropscienced IPO closes today on June 30, 2025. 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 Details
Indogulf Cropsciences IPO is a book-building issue of ₹200 crores, consisting of a fresh issue of ₹160 crores and an offer for sale of ₹40 crores. The price band is set between ₹105 and ₹111 per share.
The book running lead manager for the IPO is Systematix Corporate Services Limited, while Bigshare Services Pvt Ltd is the registrar for the issue.
Indogulf Cropsciences IPO Day 3 Subscription Status
[30 June, 2025, End of the day]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers(QIBs) |
33.26 |
|
Non-Institutional Investors |
48.39 |
|
Retail Individual Investors(RIIs) |
14.78 |
|
Employees |
1.09 |
|
Total |
25.98 |
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
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Indogulf Cropsciences IPO GMP Details
As of June 30, 2025, Indogulf Cropsciences' IPO's GMP stood at ₹17. The estimated listing gain is ₹128, i.e., an 15.32% gain per share over the upper price band.
Source: Business Standard Report dated 30 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.
Indogulf Cropsciences Business Overview
Indogulf Cropsciences Ltd, founded in 1993 and headquartered in New Delhi, is a leading Indian agrochemical firm specialising in crop protection products, biologicals, and plant nutrients. The company operates four manufacturing facilities—one in Samba (J&K) and three in Haryana.
It distributes its broad product portfolio of over 260 formulations through a wide domestic network of more than 6,900 distributors and 192 institutional partners across 22 states, and exports to over 34 countries. In FY2024, Indogulf posted revenue of ₹555.8 Crore with net profit of ₹28.2 Crore.
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