Indogulf Cropsciences
IPO Timeline
Issue open date
26 Jun 2025Issue close date
30 Jun 2025UPI mandate deadline
30 Jun 2025Allotment finalization
1 Jul 2025Refund initiation
2 Jul 2025Share credit
2 Jul 2025Listing date
3 Jul 2025Mandate end date
15 Jul 2025Lock-in end date for anchor investors (50%)
31 Jul 2025Lock-in end date for anchor investors (remaining)
29 Sep 2025Grey Market Premium Trend
GMP History
| Date | GMP (₹) | Est. Listing Price (₹) | Est. Listing Gain |
|---|---|---|---|
| 2 Jul | ₹18 | ₹129 | 16.22% |
| 1 Jul | ₹18 | ₹129 | 16.22% |
| 30 Jun | ₹12 | ₹123 | 10.81% |
| 29 Jun | ₹12 | ₹123 | 10.81% |
| 28 Jun | ₹17 | ₹128 | 15.32% |
| 27 Jun | ₹17 | ₹128 | 15.32% |
| 26 Jun | ₹9 | ₹120 | 8.11% |
| 25 Jun | ₹9 | ₹120 | 8.11% |
| 24 Jun | ₹11 | ₹122 | 9.91% |
| 23 Jun | ₹11 | ₹122 | 9.91% |
| 22 Jun | ₹11 | ₹122 | 9.91% |
| 21 Jun | ₹0 | ₹111 | 0.00% |
Key Dates
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Issue Details
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About the Company
Indogulf Cropsciences, established in 1993 and headquartered in New Delhi is a prominent agrochemical company specializing in the manufacturing and distribution of crop protection products, plant nutrients, and biologicals. The company offers a diverse portfolio of over 400 products, including insecticides, herbicides, fungicides, and plant growth regulators, catering to both domestic and international markets across more than 34 countries. With a strong emphasis on research and development, Indogulf has pioneered the indigenous production of technical-grade pesticides like Spiromesifen and Pyrazosulfuron Ethyl in India. Recognized as a “Two-Star Export House” by the Government of India, the company continues to expand its global footprint while promoting sustainable agricultural practices.
Strengths
- Among India’s few manufacturers of Pyrazosulfuron Ethyl with 97% purity.
- Recognized as a Two Star Export House, exporting to 34+ countries.
- Integrated operations with technical, formulation, and fertilizer plants across four locations.
- Consistent financial performance with stable operating and net profit margins over FY22–FY24.
- Strong R&D backed by NABL-certified lab and six granted patents since FY19.
Risks
- Dependent on regulatory approvals for manufacturing and marketing agrochemicals.
- Raw material cost volatility could impact profitability.
- Working capital intensive operations with moderate debt levels.
- Export risks including currency fluctuations and compliance with international norms.
- Any lapses in quality control can lead to order cancellations and litigation.
Indogulf Cropsciences IPO – Frequently Asked Questions
- The price band for the Indogulf Cropsciences IPO is set at ₹105 to ₹111 per share.
- The Indogulf Cropsciences IPO opens on June 26, 2025 and closes on June 30, 2025.
- The tentative listing date for the Indogulf Cropsciences IPO is July 3, 2025.
- You can apply for the Indogulf Cropsciences IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Indogulf Cropsciences, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Indogulf Cropsciences IPO is 135 shares. Investors must apply for at least one lot (i.e., 135 shares).