Indogulf Cropsciences came to market through an IPO that opened on 26 June 2025 and closed on 30 June 2025, and the shares listed on 3 July 2025 on BSE, NSE. The price band was ₹105 to ₹111 per share and one lot was 135 shares, so the minimum application was ₹14,985. The issue size was ₹200 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
Bigshare Services Pvt Ltd was the registrar to the issue, and Systematix Corporate Services Limited was the lead manager.
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Founded in 1993, Indogulf Cropsciences Limited is involved in the production of crop protection chemicals, plant nutrients, and biologicals in India. The Company produces Spiromesifen technical of purity 96.5% during 2019 and it is among the first indigenous Pyrazosulfuron Ethyl technical producers in India with 97% purity.
The company has four production units in Nathupur (Haryana) and Samba (Jammu & Kashmir), spread over about twenty acres, comprising two locations in Nathupur and one in Barwasni, Haryana.The company has a distribution network in 22 states and 3 Union Territories in India, with 169 business partners,5,772 distributors, and 129 partners in 34 countries internationally. Its flexible, multi-purpose facilities enable varied product manufacture, responding to customer demand.
Its competitive strength is bolstered by high regulatory obstacles within the agrochemical sector, such as costs and complicated approvals.
As described in the offer document.
| Metric | 31-Dec-24 | 31-Mar-24 | 31-Mar-23 |
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Indogulf Cropsciences IPO: Anchor Investors Invest Rs 58 Crore. Sunil Singhania-led Abakkus Asset Manager, Viney Growth Fund, Swyom India Alpha Fund, Sunrise Investment Trust - Sunrise Investment Opportunities Fund and Rajasthan Global Securities have been allotted shares in the anchor round.
Om Prakash Aggarwal, Sanjay Aggarwal, Anshu Aggarwal, Arnav Aggarwal.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Indogulf Cropsciences IPO was a ₹200 crore book-built issue, comprising a fresh issue of ₹160 crore and an offer for sale of ₹40 crore. It was priced at ₹105–₹111 per share with a lot size of 135 shares (₹14,985). The IPO was open from June 26 to June 30, 2025. Shares listed on BSE and NSE on July 3, 2025 at ₹111, in line with the issue price of ₹111. Bigshare Services Pvt Ltd is the registrar.
Systematix Corporate Services Limited is the book running lead manager.
The price band of Indogulf Cropsciences IPO is ₹105 to ₹111 per share.
The lot size of Indogulf Cropsciences IPO is 135 shares.
The minimum investment for Indogulf Cropsciences IPO is approximately ₹14,985 based on the upper price band.
The allotment date of Indogulf Cropsciences IPO is Jul 1, 2025.
Indogulf Cropsciences IPO's final recorded GMP before listing was ₹15 per share (a 14% premium over the ₹111 upper price band). The shares listed at ₹111. GMP is unofficial and does not forecast or guarantee the actual listing price.
Indogulf Cropsciences IPO listed on Jul 3, 2025. It was issued at ₹111.0(NSE) and is currently around ₹61.00 as on 30-Oct-2026 3:30 PM, which is approximately -45.0% versus issue price. The 52-week high is ₹107.58.
You can check Indogulf Cropsciences IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Indogulf Cropsciences IPO allotment status on Rupix for quick and easy access.
₹105 to ₹111 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 135 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,985.
₹14,985, for one lot of 135 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 26 June 2025 and closed on 30 June 2025.
The basis of allotment was published on 1 July 2025 by Bigshare Services Pvt Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 3 July 2025 on BSE, NSE.
The issue size was ₹200 crore. The fresh issue was 1,44,14,414 shares (aggregating up to ₹160 crore). The offer for sale was 36,03,603 shares (aggregating up to ₹40 crore).