Indogulf Cropsciences IPO GMP & Review: Apply or Avoid?
Posted by : sachet | Wed Jun 25 2025

Indogulf Cropsciences IPO is open for bidding on 26th June 2025. It is a bookbuilding IPO of 1.81 crore shares, comprising a fresh issue of 1.45 crore worth ₹160.00 crore and an offer for sale of 36 lakhs shares worth ₹40.00 crore. The issue will be listed on NSE and BSE on its tentative listing date, 3rd July 2025.
Indogulf Cropsciences IPO Details
Indogulf Cropsciences IPO date is fixed between 26th June 2025 and 30th June 2025. The face value of Indogulf Cropsciences Limited shares stands at ₹10 per share, and the IPO price band is fixed at ₹105 to ₹111 per share.
Bigshare Services Limited is the registrar of the Indogulf Cropsciences IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.
IPO Open Date | 26th June 2025 |
IPO Close Date | 30th June 2025 |
IPO Allotment Date | 1st July 2025 |
Refund Initiation | 2nd July 2025 |
Issue Size | 1,80,18,017 shares (worth ₹200.00 crore) |
Fresh Issue | 1,44,14,414 shares (worth ₹160.00 crore) |
Offer For Sale | 36,03,603 shares (worth ₹40.00 crore) |
Face Value | ₹10 per share |
Lot Size | 135 shares |
Issue Price Band | ₹105 to ₹111 per share |
Issue Type | Bookbuilding IPO |
Listing At | BSE & NSE |
Listing Date | 3rd July 2025 |
Indogulf Cropsciences IPO Share Reservation
Indogulf Cropsciences IPO is a bookbuilding IPO issue of 1.80 crore shares worth ₹200.00 crores. Indogulf Cropsciences Limited shares will be listed on the NSE and BSE. Furthermore, SEBI has specified the share reservation criteria for different investor categories.
Investor Categories | Reservation Required |
QIB Shares Offered | Not More Than 50% of the Issue |
Retail Shares Offered | Not Less Than 35% of the Issue |
NII (HNI) Shares Offered | Not More Than 15% of the Issue |
Total Shares Offered | 100% |
Indogulf Cropsciences IPO IPO GMP Grey Market Premium
GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Do you want to get live updates on Indogulf Cropsciences IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.
GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Listing Gains |
25-06-2025 | ₹111 | ₹12 | ₹123 | 10.81% |
24-06-2025 | ₹111 | ₹12 | ₹123 | 10.81% |
23-06-2025 | ₹111 | ₹0 | ₹111 | 0.00% |
22-06-2025 | ₹111 | ₹0 | ₹111 | 0.00% |
21-06-2025 | ₹111 | ₹0 | ₹111 | 0.00% |
20-06-2025 | ₹111 | ₹0 | ₹111 | 0.00% |
19-06-2025 | ₹111 | ₹0 | ₹111 | 0.00% |
As of 25th June 2025, Indogulf Cropsciences IPO GMP stands at ₹12 per share, which means the share will likely show a listing at ₹123 (111+12) on its tentative listing date, 3rd July 2025.
GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Indogulf Cropsciences IPO. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends.
Indogulf Cropsciences IPO Review

Check out the detailed Indogulf Cropsciences IPO review for a thorough understanding of its potential to report listing gains on 3rd July 2025. The Indogulf Cropsciences IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO.
Financial Health
Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the growth margins and declines of the business’s financials before applying for the Indogulf Cropsciences IPO.
Indogulf Cropsciences Limited’s revenue rose 0.65% from ₹552.19 crores in March 2023 to ₹555.79 crores in March 2025. Moreover, the company’s PAT increased by 25.91% from ₹22.42 crores to ₹28.23 crores.
Indogulf Cropsciences Limited has shown consistent revenue growth, indicating that the company is financially stable. Moreover, the brokers, investors, and RAs have a positive outlook for the Indogulf Cropsciences IPO for its tentative listing day, which is 3rd July 2025.
Technical Analysis
A number of technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of the Indogulf Cropsciences IPO.
Key Indicators | Value |
PE Ratio (Price-to-Earnings) | 19.18 |
EPS (Earnings Per Share) | 5.79 |
RoNW | 12.19% |
ROE (Return on Equity) | 12.20% |
ROCE | 11.93% |
PAT Margin (Profit After Tax) | 5.11% |
EBITDA Margin | 10.09% |
Market Capitalisation | ₹701.54 cr. |
The PE ratio of Indogulf Cropsciences Limited shares is 19.18, and its Earnings Per Share (EPS) stands at 5.79. Thus, the Indogulf Cropsciences IPO can potentially deliver gains on its tentative listing date, 3rd July 2025.
Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Indogulf Cropsciences Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.
Indicators | Pre-IPO | Post-IPO |
PE Ratio | 19.18 | 24.27 |
EPS | 5.79 | 4.57 |
Indogulf Cropsciences Limited Peer Comparison
Company Name | Revenue (in cr.) | PE Ratio | Face Value (in Rs) | EPS | RoNW (in %) |
Indogulf Cropsciences Limited | 12.19% | ||||
Aries Agro Limited | 519.00 | 17.47 | 10 | 14.94 | 7.07% |
Basant Agro Tech (India) Limited | 407.00 | 44.58 | 1 | 0.43 | 2.27% |
Best Agrolife Limited | 1,876.00 | 12.23 | 10 | 44.94 | 16.42% |
Bhagiradha Chemicals & Industries Limited | 410.00 | 101.81 | 1 | 17.50 | 4.40% |
Heranba Industries Limited | 1,271.00 | 35.34 | 10 | 8.72 | 4.04% |
India Pesticides Limited | 696.00 | 41.62 | 1 | 5.24 | 72.90% |
Dharmaj Corp Guard Limited | 658.00 | 18.02 | 10 | 13.13 | 12.35% |
Indogulf Cropsciences IPO Subscription Status
Indogulf Cropsciences IPO is to be opened for bidding on 26th June 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Indogulf Cropsciences IPO Subscription Status.
Investor Category | Shares Offered | Shares Subscribed | Subscription in Times |
Retail Investors | Yet to be announced | Yet to be announced | Yet to be announced |
QIB | Yet to be announced | Yet to be announced | Yet to be announced |
NII (sNII+bNII) | Yet to be announced | Yet to be announced | Yet to be announced |
Total | Yet to be announced | Yet to be announced | Yet to be announced |
About Indogulf Cropsciences Limited

Indogulf Cropsciences Limited was incorporated in 1993 and is engaged in the manufacturing of crop protection products, biologicals, and plant nutrients. It operates four manufacturing units in Samba (Jammu & Kashmir) and Nathupur (Haryana), covering approximately twenty acres, including two sites in Nathupur and one in Barwasni, Haryana. The company has a sales network across 22 states and 3 Union Territories in India, with 169 business partners, 5,772 distributors, and 129 partners in 34 countries worldwide. Here are the major competitive strengths of Indogulf Cropsciences Limited.
- Diversified product portfolio and specialized products across all three verticals.
- Established distribution network in India and abroad.
- Backward integrated manufacturing infrastructure.
- Strong R&D and product development capabilities.
- Experienced Promoters and a strong management team.
Indogulf Cropsciences Limited Financials
The company’s financial analysis is essential before applying for the Indogulf Cropsciences IPO. Look at the table to learn about Indogulf Cropsciences Limited’s financials.
Year Ended | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) | 31st March 2022 (in cr.) |
Assets | 542.25 | 517.51 | 413.59 |
Revenue | 555.79 | 552.19 | 490.23 |
Profit After Tax | 28.23 | 22.42 | 26.36 |
Debt | 154.56 | 189.22 | 101.38 |
Net Worth | 231.65 | 203.25 | 180.51 |
Reserves and Surplus | 208.01 | 179.60 | 156.87 |
Explanation
Indogulf Cropsciences Limited’s revenue rose 0.65% from ₹552.19 crores in March 2023 to ₹555.79 crores in March 2025. Moreover, the company’s PAT increased by 25.91% from ₹22.42 crores to ₹28.23 crores.
Indogulf Cropsciences IPO Bidding Requirements
Indogulf Cropsciences IPO has reserved lot sizes to be applied by different investor categories. Look at the table below to know about the requirements to be fulfilled for applying for this IPO.
Investor Category | Lots | Shares | Amount (in Rs) |
Retail (Minimum) | 1 | 135 shares | ₹14,985 |
Retail (Maximum) | 13 | 1,755 shares | ₹1,94,805 |
S-HNIs (Minimum) | 14 | 1,890 shares | ₹2,09,790 |
S-HNIs (Maximum) | 66 | 8,910 shares | ₹9,89,010 |
B-HNI (Minimum) | 67 | 9,045 shares | ₹10,03,995 |
Use the lot size calculator to find how many shares you should apply!
Indogulf Cropsciences IPO Promoter Holdings
Have a look at the table below to check the holdings of Indogulf Cropsciences Limited’s promoters: Om Prakash Aggarwal, Sanjay Aggarwal, Anshu Aggarwal, and Arnav Aggarwal.
Share Holding Pre-Issue | 96.86% |
Share Holding Post-Issue | -% |
Note: Promoter Holdings’ value is to be calculated using Equity dilution, which represents the gap between shareholdings before and after the Issue.
Aim of Indogulf Cropsciences IPO
The primary aim of the Indogulf Cropsciences IPO is to raise ₹200.00 crores. On the other hand, Indogulf Cropsciences Limited has decided to utilise these funds in different prospects. Explore some of the secondary objectives for the Indogulf Cropsciences IPO.
- To meet general corporate purposes.
- To meet working capital requirements.
- To repay certain borrowings.
- To meet capital expenditure for setting up an in-house dry flowable (DF) plant at Barwasni, Sonipat, Haryana.
Should I Invest in Indogulf Cropsciences IPO?
“ICL is engaged in the production and marketing of crop protection products, plant nutrients, and biological. It posted static top lines for FY23 and FY24 which is attributed to volatile prices of its raw materials in those periods. Based on its recent financial data, the issue appears fully priced. The company is poised for bright prospects ahead considering government’s initiative for agriculture boost. Well-informed investors may park funds for medium to long term.”~Dilip Davda (Chief Editor at Chittorgarh)
Explore the pros and cons of Indogulf Cropsciences IPO to know whether you should apply or avoid the issue. These pros and cons might help you know about the IPO’s efficiency in delivering profits in the coming decades.
Pros of Indogulf Cropsciences IPO
- Diversified Product Portfolio
- Robust R&D Capabilities
- Experienced Management and Promoters
Cons of Indogulf Cropsciences IPO
- High Debt
How to Apply for Indogulf Cropsciences IPO?

Check the steps mentioned below to apply for the Indogulf Cropsciences IPO.
- Step 1: Conduct thorough research on Indogulf Cropsciences IPO GMP, subscription status, issue size, lot size, and other details.
- Step 2: Open a demat account on Univest to learn about real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.
- Step 3: Make a bid for one lot of 135 shares worth ₹14,985 of Indogulf Cropsciences IPO.
- Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.
Note: You can apply for the Indogulf Cropsciences IPO from more than one demat account to increase your allotment chances.
How to Check Indogulf Cropsciences IPO Allotment Status?
You can check for Indogulf Cropsciences IPO allotment in different ways. These include NSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.
Check On NSE
- Visit the NSE Official Website.
- Navigate to the IPO Allotment Section.
- Select Equity as the issue type.
- Choose Indogulf Cropsciences IPO.
- Choose whether to proceed with the PAN number or the application number.
- Submit your details to get the allotment status online.
Check On the Registrar Portal
- Visit the registrar portal.
- Click on the allotment option.
- Fill in the required details.
- Click on the submit button to know your Indogulf Cropsciences IPO allotment status.
Let’s Wrap
Indogulf Cropsciences IPO is a bookbuilding issue of 1.80 crore shares worth ₹200.00 crores. The shares of Indogulf Cropsciences Limited will be listed on NSE and BSE on its tentative listing date of 3rd July 2025. Researching Indogulf Cropsciences IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted its pros and cons, so one must analyse them and decide accordingly.
Open a demat account on Univest now to initiate your investment journey!
FAQs on Indogulf Cropsciences IPO
How is the Indogulf Cropsciences IPO?
Ans. Currently, on 25th June 2025, Indogulf Cropsciences IPO GMP (Grey Market Premium) stands at ₹12 (10.81% up). It indicates that the estimated listing price could be ₹123 per share. It is a bookbuilding IPO of 1.81 crore shares, comprising a fresh issue of 1.45 crore worth ₹160.00 crore and an offer for sale of 36 lakh shares worth ₹40.00 crore. The face value of each share of Indogulf Cropsciences Limited is ₹10.
What is the Indogulf Cropsciences IPO price?
Ans. Indogulf Cropsciences IPO price band has been set between ₹105 and ₹111 per share. Retail investors can apply for a minimum of 1 lot consisting of 135 shares worth ₹14,985. Moreover, HNIs are required to bid for a minimum of 14 lots (1,890 shares) worth ₹2,09,790.
Is the Indogulf Cropsciences IPO good?
Ans. Indogulf Cropsciences Limited’s revenue rose 0.65% from ₹552.19 crores in March 2023 to ₹555.79 crores in March 2025. Moreover, the company’s PAT increased by 25.91% from ₹22.42 crores to ₹28.23 crores. Investors can analyse other relevant factors and make a decision accordingly.
Who is the registrar of the Indogulf Cropsciences IPO?
Ans. Bigshare Services Private Limited is the registrar of Indogulf Cropsciences IPO, awaiting to manage the IPO allotment procedure and refund initiation. For any queries regarding Indogulf Cropsciences IPO allotment and refund, you can contact Bigshare Services Private Limited at investor@bigshareonline.com or +91-22-6263 8200.
What is the issue size of the Indogulf Cropsciences IPO?
Ans. Indogulf Cropsciences IPO is a bookbuilding IPO for 1.80 crore shares worth ₹200.00 crore. Moreover, the IPO is set to open on 26th June 2025 and will be closed on 30th June 2025.
Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Indogulf Cropsciences IPO, download the Indogulf Cropsciences IPO RHP and Indogulf Cropsciences IPO DRHP. Conduct your own research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.
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