Share Market / Indo Gulf CropSciences IPO will open on June 26, price band Rs 105-111 per share

Share Market: Indo Gulf CropSciences, a leading manufacturer of crop protection products, has fixed the price band at ₹ 105 to ₹ 111 per share for its Rs 200 crore initial public offering (IPO). This is the company's first IPO, which will be open from June 26 to June 30, 2025, while anchor investors will be able to bid on June 25 itself.

IPO structure and fund use

The IPO structure is based on fresh equity shares of ₹ 160 crore and an offer for sale (OFS) of 36.03 lakh shares. The company will use the capital raised from the IPO for working capital requirements of Rs 65 crore, debt repayment of Rs 34.12 crore, capital expenditure of Rs 14 crore and other general corporate purposes.

Strong Presence Since 1993

Indogulf CropSciences was founded in 1993 and has since been active in the manufacturing of crop protection products, plant nutrients and biological products in India. In 2019, the company started production of Spiromesifen Technical with 96.5% purity and also became one of the leading local companies in India for Pyrazosulfuron Ethyl Technical.

Distribution and Global Reach

The company's distribution network is spread across 22 states and 3 union territories in India. Indogulf is supported by 169 business partners, 5,772 distributors and 129 business partners in 34 countries across the world, giving it a strong global reach.

Grey Market Premium (GMP) and Listing

According to Investgrain, the latest GMP of Indogulf's IPO is ₹11. On this basis, the estimated listing price of the company is considered to be ₹ 122 per share with an upper price band of ₹ 111, which shows a potential gain of about 9.91%. The company's shares may be listed on BSE and NSE on July 3.