The Indogulf Cropsciences IPO is scheduled to open on June 26, 2025 (Thursday) and will close on June 30, 2025 (Monday). The basis of allotment is expected on July 1, 2025 (Tuesday), while refunds and credit to demat accounts will be initiated on July 2, 2025 (Wednesday). The IPO is likely to be listed on both BSE and NSE on July 3, 2025 (Thursday). Investors using UPI must confirm their mandates by 5 PM on June 30, 2025.
This IPO is a Book Built Issue, comprising a fresh issue of shares worth ₹160 crore and an Offer for Sale (OFS) of 36,03,603 equity shares with a face value of ₹10 each. The price band is yet to be announced. The retail quota is set at 35%, QIB at 50%, and NII at 15%.
Indogulf Cropsciences Limited reported a revenue of ₹555.79 crores in FY2024 versus ₹552.19 crores in FY2023, with a net profit of ₹28.23 crores in FY2024, up from ₹22.42 crores in FY2023. Considering its consistent growth and fundamentals, this IPO appears more suitable for long-term investors.
About Indogulf Cropsciences IPO
Indogulf Cropsciences Limited, established in 1993, is an Indian company involved in the manufacturing of crop protection products, plant nutrients, and biologicals. It has built a strong position in the agrochemical industry by producing high-purity technical-grade products like Spiromesifen and Pyrazosulfuron Ethyl.
The company runs four manufacturing units spread across Jammu & Kashmir and Haryana, covering nearly twenty acres, with flexible, multi-purpose setups that help meet different customer needs. Indogulf has built a vast sales network across 22 states and 3 Union Territories in India, with over 5,700 distributors and more than 120 international partners across 34 countries.
Its product range includes fertilizers, insecticides, herbicides, fungicides, and biological solutions aimed at boosting crop productivity and soil health. The company benefits from regulatory barriers in the agrochemical space, which limit competition and support its long-term growth. As of August 2024, Indogulf employed 640 permanent staff and is supported by a strong management team and experienced promoters who focus on innovation, R&D, and quality manufacturing to stay competitive in both Indian and global markets.
Indogulf Cropsciences IPO Overview
| Particulars | Details |
| IPO Listing On | BSE, NSE |
| IPO Type | Book Built Issue |
| Face Value | ₹10 per equity share |
| IPO Price Band | ₹[.] to ₹[.] per share |
| Lot Size | [To be announced] |
| Total Issue Size | [.] shares (aggregating up to ₹[.] Crores) |
| Fresh Issue | [.] shares (aggregating up to ₹160 Crores) |
| Offer for Sale (OFS) | 36,03,603 shares (worth ₹[.] Crores) |
| Sale Type | Fresh Issue + Offer for Sale |
| Retail Quota | Not more than 35% |
| QIB Quota | Not more than 50% |
| NII (HNI) Quota | Not more than 15% |
| Expected Listing Date | July 3, 2025 (Thursday) |
| Pre-Issue Shareholding | 4,87,87,456 shares |
Indogulf Cropsciences IPO Prospectus
Indogulf Cropsciences IPO Dates
| Event | Date & Day |
| IPO Open Date | June 26, 2025 (Thursday) |
| IPO Close Date | June 30, 2025 (Monday) |
| Basis of Allotment | July 1, 2025 (Tuesday) |
| Refunds Initiation | July 2, 2025 (Wednesday) |
| Credit to Demat Account | July 2, 2025 (Wednesday) |
| IPO Listing Date | July 3, 2025 (Thursday) |
Indogulf Cropsciences IPO Market Lot Size
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | – | ₹- |
| Retail Maximum | 13 | – | ₹- |
| S-HNI Minimum | 14 | – | ₹- |
| B-HNI Minimum | 67 | – | ₹- |
Indogulf Cropsciences IPO Promoter Holding
The promoters of Indogulf Cropsciences Limited are Om Prakash Aggarwal, Sanjay Aggarwal, Anshu Aggarwal, and Arnav Aggarwal. Before the IPO, the promoters collectively hold 96.86% of the company’s shareholding. The post-issue shareholding will reduce accordingly after the fresh issue and offer for sale, as the company plans to dilute equity to raise capital.
Objects of the Issue
- Funding working capital requirements of our Company
- Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by our Company
- Capital expenditure of our Company for setting up an in-house dry flowable (DF) plant at Barwasni, District Sonipat, Haryana
- General corporate purposes
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Dharmaj Crop Guard Ltd | 13.13 | 18.02 | 12.35 | 106.33 | 654.10 Cr. |
| India Pesticides Ltd | 5.24 | 41.62 | 72.90 | 7.17 | 680.41 Cr. |
| Heranba Industries Ltd | 8.72 | 35.34 | 4.04 | 213.19 | 1257.07 Cr. |
| Basant Agro Tech India Ltd | 0.43 | 44.58 | 2.27 | 19.22 | 404.75 Cr. |
| Best Agrolife Ltd | 44.94 | 12.23 | 16.42 | 273.64 | 1873.32 Cr. |
| Bhagiradha Chemicals & | | | | | |
| Aries Agro Ltd | 14.94 | 17.47 | 7.07 | 200.20 | 516.46 Cr. |
| Industries Ltd | 17.50 | 101.81 | 4.40 | 397.59 | 407.65 Cr. |
Indogulf Cropsciences Financial Performance
| Particulars | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Total Assets | 597.81 | 542.25 | 517.51 | 413.59 |
| Revenue from Operations | 466.31 | 555.79 | 552.19 | 490.23 |
| Profit After Tax (PAT) | 21.68 | 28.23 | 22.42 | 26.36 |
| EBITDA | 44.78 | 55.74 | 49.04 | 47.24 |
| Net Worth | 265.43 | 231.65 | 203.25 | 180.51 |
| Reserves & Surplus | 216.64 | 208.01 | 179.60 | 156.87 |
| Total Borrowing | 206.30 | 154.56 | 189.22 | 101.38 |
Indogulf Cropsciences IPO Valuation – FY2024
| KPI | Value |
| Return on Equity (ROE) | 12.20% |
| Return on Capital Employed | 11.93% |
| Debt-to-Equity Ratio | 0.67 |
| Return on Net Worth (RoNW) | 12.19% |
| PAT Margin | 5.11% |
| EBITDA Margin | 10.09% |
Indogulf Cropsciences IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/IPO_Status.html
IPO Lead Managers aka Merchant Bankers
- Systematix Corporate Services Limited
Company Address
Indogulf Cropsciences Limited
501, Gopal Heights
Plot No – D-9,
Netaji Subhash Place
Delhi, New Delhi, 110034
Phone: +91 11 4004 0417
Email: [email protected]
Website: http://www.groupindogulf.com/
Indogulf Cropsciences IPO FAQs
What are the Indogulf Cropsciences IPO open and close dates?
The IPO is scheduled to open on June 26, 2025 (Thursday) and will close on June 30, 2025 (Monday).
What is the issue size of the IPO?
The IPO aims to raise approximately ₹160 crores through a fresh issue, along with an offer for sale of 36,03,603 equity shares.
What is the price band for the Indogulf Cropsciences IPO?
As of now, the price band is yet to be announced.
What is the lot size and minimum investment for retail investors?
The lot size and corresponding investment amount will be updated once officially declared.
