Indogulf Cropsciences Limited opens its IPO for subscription on June 26th 2025 and ends on June 30th 2025. It is a book-built issue offering a total issue size of 18,018,017 equity shares, each with a face value of Rs. 10. The price band ranges from Rs. 105 – 111 per share and is set to go public on July 3rd 2025 on the National Stock Exchange and the Bombay Stock Exchange.
The company is engaged in the business of manufacturing crop protection products, plant nutrients, and biologicals. It commenced manufacturing Spiromesifen technical in 2019 and is also considered the first few indigenous manufacturers of Pyrazosulfuron Ethyl technical. The company has a sales and dealer presence across 22 states and 3 Union Territories in India and exports its products to 34 countries with 143 overseas business partners optimizing its products.
The company has four manufacturing units, one situated in Samba, Jammu and Kashmir, and three in Haryana, and has also been recognized as a ‘Two Star Export House’ by the Government of India.
Details Of Indogulf Cropsciences Limited IPO
Objectives of Indogulf Cropsciences Limited IPO
With the help of this IPO, the company proposes to utilize the net proceeds to set up its in-house dry flowable (DF) plant at Barwansi, Haryana, repay its borrowings, and general corporate purposes.
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Financial Performance of Indogulf Cropsciences Limited
The table below (in millions) shows the restated Financial Information of the company over the last 3 fiscal years.
Share Capital | For the nine months period ended on 31.12.2024 | For the nine months period ended on 31.12.2023 | 2024 | 2023 | 2022 |
Total Net Worth | 2,654.28 | 2,187.03 | 2,316.51 | 2,032.48 | 1,805.13 |
Revenue from operations | 4,614.88 | 4,134.00 | 5,522.34 | 5,496.56 | 4,872.10 |
Profit After Tax | 216.77 | 152.91 | 282.33 | 224.33 | 263.63 |
Industry Outlook
The global pesticide market is a very important market in the agriculture industry. Pesticides are important components that offer protection to plants in various ways. They are used for the control of weeds, diseases, insects, and other pests and for plant growth regulation.
The pesticide market globally was valued at USD 69,044 million with the herbicides segment contributing majorly. The herbicides segment contributes nearly half to the crop protection industry. The non-crop market also contributed significantly to the global pesticide market and was valued at USD 11 billion in 2023.
The pesticide market is increasing due to the growing population. The crop market is expected to grow faster than the non-crop market. The global non-crop market is estimated to increase from a CAGR of 4.1% - 5% and reach USD 14 billion.
Strengths and Risks of Indogulf Corpsciences Limited
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IPO Subscription Details
The company offers a fresh issue size of 14,414,414 equity shares aggregating up to Rs.1,660.00 million and an offer for sale of 36,03,603 equity shares, each with a face value of Rs.10 respectively. The bidding ranges from Rs. 105-111 per share for a lot size of 135. The issue period begins from June 26th 2025 and ends on June 30th 2025 and is scheduled to go public on July 3rd 2025 on the NSE and the BSE.
Expert Recommendations
The pesticide market is a prominent market due to the increase in the production of agricultural products domestically and globally. The agriculture sector is an important sector that contributes significantly to India’s economy.
The company has a diverse product portfolio and a strong clientele and distribution network in India and overseas. It has shown strong financial growth for the last three fiscal years.
However, the company is also subject to many risks as outlined in the RHP draft, which the investors should outline before investing.
Key Takeaways
The company with the help of this Initial Public Offering (IPO) aims to set up an in-house dry flowable (DF) plant at Barwansi, Haryana, repay its borrowings, and general corporate purposes.
It has a strong clientele, distribution chain, and market presence in India and overseas, and has shown healthy profits over the years but is also subject to many risks, which the investor should outline before investing.
Frequently Asked Questions: Indogulf Cropsciences Limited
1. When is the Indogulf Corpsciences Limited IPO being listed?
The IPO is set to go public on July 3rd 2025.
2. Is the Indogulf Corpsciences Limited IPO fairly priced?
The basic & diluted EPS is 5.10 as of 31.12.2024. The p/e ratio for the lower band price is 20.58 and 2176 for the higher band price. The bid price ranges from Rs.105-111 per share.
3. Where else can we get more information about the Indogulf Corpsciences Limited IPOs?
You can get more information about the IPO on the SEBI website.
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