IPO Details
Bidding Dates
26 Jun 25 - 30 Jun 25
Lot Size
135
Price Range ₹
105 - 111
Exchange Status
NSE,BSE
Total Equity
₹ 0.00Cr
IPO Doc
IPO Timeline
Offer start
26 Jun 2025
Offer end
30 Jun 2025
Allotment
01 Jul 2025
Refund initiation
02 Jul 2025
Demat transfer
02 Jul 2025
Listing
03 Jul 2025
Offer start
26 Jun 2025
Offer end
30 Jun 2025
Allotment
01 Jul 2025
Refund initiation
02 Jul 2025
Demat transfer
02 Jul 2025
Listing
03 Jul 2025
About Company
Incorporated in 1993, Indogulf Cropsciences Limited is a leading Indian agrochemical company engaged in the manufacturing of crop protection products, plant nutrients, and biologicals. With four manufacturing facilities across Haryana and Jammu & Kashmir, the company offers a diverse product portfolio including insecticides, fungicides, herbicides, bio-stimulants, and specialty fertilizers. Indogulf serves both retail and institutional clients through a strong distribution network spread across 22 Indian states, 3 Union Territories, and 34 international markets. It combines in-house production with third-party formulation to optimize efficiency, and it’s backed by strong R&D, experienced promoters, and scalable infrastructure. The company is well-positioned to benefit from rising agrochemical demand, both domestically and globally, as India emerges as a key manufacturing hub.
Year Founded
22-01-1993
Promotor Details
Om Prakash Aggarwal
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 96.87 | 0 |
| Share Capital | 47259688 | 0 |
Highlights
- Offers a wide range of crop protection products, plant nutrients, and biologicals, catering to various agricultural needs.
- Presence in 22 states, 3 Union Territories, and 34 international markets ensures broad market access and customer reach.
- In-house technical manufacturing enhances cost control, product quality, and reduces dependency on external suppliers.
- Robust product development and regulatory pipeline support future growth in high-margin patented and biosolution segments.
- Growing agrochemical demand, low pesticide use per hectare in India, and global outsourcing shifts from China create strong tailwinds.
Challenges
- Total debt increased significantly from ₹101.38 Cr in FY22 to ₹206.30 Cr in Dec 2024, which may impact financial flexibility.
- Revenue declined from ₹555.79 Cr in FY24 to ₹466.31 Cr as of Dec 2024, indicating inconsistent sales trends.
- Hybrid model with long collection cycles may strain working capital and cash flow stability.
- Operations are subject to stringent regulatory approvals in domestic and global markets, which can delay product launches.
- Operates in a highly competitive agrochemical space with pressure from global and domestic players on pricing and innovation.
