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IPO Analysis > indogulf-cropsciences-ipo-mainboard

  

Indogulf Cropsciences IPO Guide: What It Offers for Investors

Chemical-based agrochemicals make up around 87% of global consumption, but things are changing fast. As the world shifts towards sustainable farming, the demand for bio-fertilisers is expected to grow steadily. In fact, between 2023 and 2029, the market is projected to grow at a rate of 4.1% in value and 3.7% in volume. 

Indogulf Cropsciences has already made its mark in this space. With years of experience in producing crop protection products, fertilisers, and formulations, the company has been part of this shift towards cleaner and smarter farming solutions. And now, it is going public with its upcoming IPO. 

The IPO lead manager of the company is Systematix Corporate Services. The registrar of the Indogulf Cropsciences IPO is Bigshare Services

Check out its DRHP for more details.

Note: For 50% of the shares, the anchor lock-in period expires 30 days following the actual allocation, and for the remaining part, it ends 90 days later.

Indogulf Cropsciences IPO: Company Profile

Indogulf Cropsciences has made a solid name for itself in the agrochemical industry. It offers a wide range of products like crop protection solutions, fertilisers, and technical-grade formulations. 


Particulars

Details

Established 

1996


Promoter 

Om Prakash Aggarwal and Sanjay Aggarwal,

Product Range 

Micronutrient deficiency correction products, Fungicides, Bio-fertilisers, Adjuvants, Efficacy Enhancer, and a lot more.

Headquartered 

Netaji Subhash Place, Delhi

Competitors

Basant Agro Tech India, India Pesticides, Aries Agro Ltd, and Best Agrolife

Manufacturing Facility 

19,620 KL for liquid suspension 

concentrate

Number of Products 

750+


Exploring Indogulf Cropsciences IPO

This Indogulf Cropsciences IPO review gives you a clear picture of what to expect before making any move. Know all the important dates, financial highlights, IPO price and more. 


  • Indogulf Cropsciences IPO Date

The countdown is on! Here's when Indogulf Cropsciences IPO opens, closes, and gets listed.


Key Event Description

Date

Public Offer Opens for Bidding

26 June 2025

Last Day to Apply for Shares

30 June 2025

UPI Approval Deadline (by 5 PM)

30 June 2025

Final Share Allocation Process

01 July 2025

Refunds Begin for Non-Allottees

02 July 2025

Equity Shares Credited to Demat Accounts

02 July 2025

Official Listing on Stock Exchanges

03 July 2025

Expiry Date for UPI Mandate

15 July 2025

Lock-in Period Ends for 50% of Anchor Investors' Shares

31 July 2025

Lock-in Period Ends for Remaining Anchor Investors' Shares

29 September 2025


  • Indogulf Cropsciences Limited IPO Size 

Indogulf Cropsciences has a clear target in mind. Let’s see how much capital it’s aiming for.


Particulars

Number of Equity Shares

Aggregate Value

Fresh Issue

Not Disclosed 

₹160 crores

Offer for Sale

3,854,840

₹40 crores

Overall Issue

Not Disclosed 

₹200 crores


  • Objectives of the offer 

The funds raised through this IPO will be directed toward some key parts of Indogulf Cropsciences Ltd’s business.


Purpose of Use

Amount (in ₹ million)

Percentage of Net Proceeds (%)

To support working capital requirements

1,000.00

Not Disclosed

To repay or prepay, wholly or partially, select outstanding loans

400

Not Disclosed

To invest in capital assets for establishing a dry flowable (DF) unit in Barwasni, Sonipat, Haryana

140

Not Disclosed

For general corporate purposes

Not Disclosed

Not Disclosed 

Total Estimated Net Proceeds

2,000.00

100.00


  • Other takeaways from the Indogulf Cropsciences IPO price

Check the latest Indogulf Cropsciences share price right here.


Particulars

Description

Face value of each share

₹10

Price Range

₹105 - ₹111

Listed At 

BSE and NSE


  • Categorisation of different investors

Let’s see how Indogulf Cropsciences is offering shares across investor groups in this IPO.


Particulars

Eligible Employees

QIBs

Non-Institutional Bidders

Retail Individual Bidders

Shares Available

Not Disclosed 

Not Disclosed 

Not Disclosed 

Not Disclosed 

Min. Bid (ASBA/UPI)

Not Disclosed 

FV ₹10 shares; bid > ₹2L

FV ₹10 shares; bid > ₹2L

Not Disclosed

Max. Bid

Not Disclosed 

Not Disclosed 

Up to offer size (excl. QIB portion), within limits

Shares so bid ≤ ₹2L in value


You’ll need an active demat account to receive any allotted shares. Top brokers in India let you open a demat account without opening fees. 


Any IPO shares you’re allotted will be automatically credited to it. But don’t forget to find the Indogulf Cropsciences IPO GMP, which is mentioned later in this blog. 

Indogulf Cropsciences IPO details: Key Financials

Take a quick look at the company’s profits, revenue trends, and how it's been growing.


Particulars

FY 2024 (₹ in million)

FY 2023 (₹ in million)

FY 2022 (₹ in million)

Revenue from operations

5,522.34

5,496.56

4,872.10

EBITDA

557.44

490.4

472.43

EBIT

454.37

394.26

386.42

PAT

282.33

224.23

263.63

Net Working Capital

1,710.45

1,400.37

1,151.89


Metrics of Indogulf Cropsciences IPO


Particulars

FY 2024

FY 2023

FY 2022

EBITDA Margin

10.09%

8.92%

9.70%

EBIT Margin

8.23%

7.17%

7.93%

PAT Margin

5.11%

4.08%

5.41%

Inventory Turnover Ratio

2.02

1.95

2.38

Fixed Asset Turnover Ratio

7.83

7.03

7.21

Debt-Equity Ratio

0.67

0.93

0.56

Return on Net Worth

12.19%

11.03%

14.60%

Return on Capital Employed

11.93%

10.12%

13.81%


Strengths and risks

Make smarter moves by checking the pros and cons of Indogulf Cropsciences before you apply.


Strengths


  • R&D driven, with a NABL-certified lab and 6 patents since FY19

  • Stable profits and strong financial track record from FY22 to FY24

  • Ships products to 34+ countries; holds Two Star Export House status

  • Has technical, formulation, and fertiliser plants across 4 locations


Risks


  • Needs government approvals for making and selling agrochemicals

  • High working capital needs and moderate debt could affect cash flow

  • Raw material prices can jump and shrink margins

  • Quality slip-ups could lead to cancelled orders or legal trouble

Should you apply for the Indogulf Cropsciences IPO?

The Indogulf Cropsciences Ltd IPO GMP, as of June 26, 2025, stands at ₹11. While it may not be sky-high, it shows decent market interest because of its financial growth. With roots in agri-based products, the company has a stable growth in its niche.

Don’t just go by GMP alone. Keep an eye on the IPO subscription status, especially from institutional buyers. Also, review the company’s financials and key IPO details before placing your bid. 

Click here to apply for Indogulf Cropsciences IPO


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