Indogulf Cropsciences IPO Upcoming
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Schedule of Indogulf Cropsciences
| Issue open date | 26 Jun 2025 |
| Issue close date | 30 Jun 2025 |
| UPI mandate deadline | 30 Jun 2025 (5 PM) |
| Allotment finalization | 01 Jul 2025 |
| Refund initiation | 02 Jul 2025 |
| Share credit | 02 Jul 2025 |
| Listing date | 03 Jul 2025 |
| Mandate end date | 15 Jul 2025 |
| Lock-in end date for anchor investors (50%) | 31 Jul 2025 |
| Lock-in end date for anchor investors (remaining) | 29 Sep 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Indogulf Cropsciences
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.
Financials of Indogulf Cropsciences
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹200 crores |
| Fresh Issue | ₹160 crores |
| Offer for sale | ₹40 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Funding working capital requirements of the Company | 65 (40.63%) |
| Repayment/prepayment of certain borrowings | 34.12 (21.33%) |
| Capital expenditure for setting up a dry flowable (DF) plant | 14 (8.75%) |
| General corporate purposes | 46.88 (29.29%) |
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.
Allotment Status for Indogulf Cropsciences
To check your allotment status – click here.