Indogulf Cropsciences IPO:This week, all eyes are upon the ₹200 crore Indogulf Cropsciences IPO, creating buzz among investors thanks to steady financial growth and its strong fundamentals. The IPO is set to open on June 26 in the year 2025. It then closes around June 30, 2025.
Since the price band remains ₹105 to ₹111, the company is strongly present in the agrochemical sector, coupled with the financials for FY24 being healthy, this issue has caught the attention of retail and institutional investors alike. Experienced promoters support this IPO for growth capital and debt repayment, along with a varied product portfolio.
Let’s break down the key information, peer comparisons, financials, GMP trends, and more, to help you decide whether this IPO deserves a spot in your long-term portfolio.
Understanding Indogulf Cropsciences: Business Overview & Strengths
Indogulf Cropsciences Ltd. is a prominent agrochemical company in India. It operates across three main verticals:
Crop protection
Plant nutrients
Biologicals
Apart from retail sales, they also cater to institutional clients. They offer contract manufacturing services and provide end-to-end crop solutions, aimed at boosting agricultural yield – a critical need in India’s agri-driven economy.
The leadership includes seasoned veterans like Om Prakash Aggarwal and Sanjay Aggarwal, with decades of experience across finance, manufacturing, and marketing in the agrochemical space.
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Indogulf Cropsciences IPO Details and Timeline: What You Need to Know
| IPO Event | Details |
|---|---|
| IPO Open Date | June 26, 2025 |
| IPO Close Date | June 30, 2025 |
| IPO Listing Date | July 3, 2025 (BSE & NSE) |
| Basis of Allotment | July 1, 2025 |
| Refund Initiation | July 2, 2025 |
| Demat Credit Date | July 2, 2025 |
| Price Band | ₹105 to ₹111 |
| Face Value | ₹10 per share |
| Issue Size | ₹200 Crores |
| Fresh Issue | ₹160 Crores |
| Offer for Sale | 36,03,603 equity shares |
| IPO Type | Book Built Issue |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
**Indogulf Cropsciences IPO DRHP: Click Here
GMP & Listing Expectations: Market Sentiment So Far
As of Thursday, Indogulf Cropsciences IPO is trading at a grey market premium (GMP) of ₹11, indicating a possible listing at ₹122 per share – a 9.91% gain over the upper band price of ₹111. This suggests moderate optimism among investors in the unofficial market.
While GMP isn’t an official metric, it reflects the market’s perception of demand and valuation, and in this case, shows stable interest.
IPO Lot Size & Investment Limits
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail Min | 1 | 135 | ₹14,985 |
| Retail Max | 13 | 1,755 | ₹1,94,805 |
| S-HNI Min | 14 | 1,890 | ₹2,09,790 |
| B-HNI Min | 67 | 9,045 | ₹10,03,995 |
The company has delivered consistent performance over the past few years. Despite a competitive market, it improved both top-line and bottom-line numbers.
| Financial Year | Revenue (₹ Cr) | Expenses (₹ Cr) | PAT (₹ Cr) | Total Assets (₹ Cr) |
|---|---|---|---|---|
| FY2022 | 490.23 | 454.68 | 26.36 | 413.59 |
| FY2023 | 552.19 | 522.04 | 22.42 | 517.51 |
| FY2024 | 555.79 | 516.08 | 28.23 | 542.25 |
| Dec 2024 (9M) | 466.31 | 438.26 | 21.68 | 597.81 |
The latest profit growth and asset base show efficient management and reinvestment strategy. This bodes well for long-term investors looking for stable agrochemical players in India.
Also Read: Sambhv Steel Tubes IPO
IPO Valuation Metrics & Market Comparisons
| KPI | Value |
|---|---|
| EPS (FY24) | ₹12.00 |
| Net Asset Value (NAV) | ₹97.98 |
| Return on Net Worth (RoNW) | 12.19% |
| Return on Capital Employed | 11.93% |
| EBITDA Margin | 10.09% |
| PAT Margin | 5.11% |
| Debt-to-Equity Ratio | 0.67 |
Indogulf Cropsciences IPO: Peer Comparison
| Company | EPS | PE Ratio | RoNW (%) | NAV (₹) | Revenue |
|---|---|---|---|---|---|
| Aries Agro Ltd | 14.94 | 17.47 | 7.07 | 200.20 | ₹516.46 Cr |
| Basant Agro Tech | 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 |
| Heranba Industries Ltd | 8.72 | 35.34 | 4.04 | 213.19 | ₹1257.07 Cr |
| India Pesticides Ltd | 5.24 | 41.62 | 72.90 | 7.17 | ₹680.41 Cr |
| Dharmaj Crop Guard Ltd | 13.13 | 18.02 | 12.35 | 106.33 | ₹654.10 Cr |
Objects of the Issue: Where Will the Money Go?
Indogulf plans to use the IPO proceeds strategically:
Working capital requirements
Partial debt repayment
Capex for establishing a dry flowable (DF) plant in Barwasni, Haryana
General corporate purposes
These objectives suggest that the company is focused on expansion and operational efficiency.
Final Thoughts: Should You Subscribe to Indogulf Cropsciences IPO?
If you’re a retail investor looking for a mid-cap agrochemical player with stable growth, a balanced capital structure, and an experienced leadership team, Indogulf Cropsciences IPO seems suitable for long-term investment.
Its financials are healthy, valuation is fair, and the growth strategy appears grounded in fundamentals. While short-term listing gains might be modest, the long-term potential looks promising, especially considering India’s rising agricultural modernization.
Disclaimer: The views and investment insights provided here are based on publicly available information and do not constitute financial advice. Readers are advised to conduct their own research or consult certified financial experts before making investment decisions.
