
Manufacturing · NSE / BSE
Indogulf Cropsciences Limited, established in 1993, is an Indian company involved in the production of crop protection products, plant nutrients, and biologicals. In 2019, it began manufacturing Spiromesifen technical with 96.5% purity and became one of the first local producers of Pyrazosulfuron Ethyl technical with 97% purity. The company operates four manufacturing units spread across approximately twenty acres in Samba (Jammu & Kashmir) and Nathupur and Barwasni in Haryana. It has a strong sales presence in 22 Indian states and 3 Union Territories, supported by 169 business partners, 5,772 distributors, and 129 international partners across 34 countries. Its flexible and multi-purpose production facilities allow it to adapt quickly to different customer needs. The company benefits from high entry barriers in the agrochemical sector, such as high costs and complex regulatory approvals. Indogulf's product range includes plant nutrients like specialty fertilizers and soil health products that improve fertility, root growth, and crop yield. Its crop protection offerings consist of insecticides, fungicides, herbicides, and bio-stimulants that help protect crops from pests, diseases, and weeds. The company also provides biologicals such as bio-fertilizers and bio-stimulants to enhance nutrient uptake, stress tolerance, and sustainable farming. Popular products in this category include Biogold, Indo Breeza, and Indo Mychoriza. As of August 31, 2024, the company employed 640 permanent staff members.
Price Band
₹105 – ₹111
Issue Size
₹200 Cr
Lot Size
135 shares
GMP
+16.2%
Est. Listing
₹129
at current GMP
Subscribed
25.99x
overall
Open
26 Jun 2025
Close
30 Jun 2025
Allotment
1 Jul 2025
Refund
2 Jul 2025
Demat Credit
3 Jul 2025
Listing
3 Jul 2025
Overall Subscription
25.99x
Total Demand
QIB Multiplier
34.18x
Institutions & Funds
NII / HNI
50.58x
High Net-Worth
Retail (RII)
15.45x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 3,495,496 | 119,479,455 | 34.18x |
| NIB | 2,621,622 | 132,608,745 | 50.58x |
| HNIs(10L +) | 1,747,748 | 93,928,140 | 53.74x |
| HNIs (2-10L) | 873,874 | 38,680,605 | 44.26x |
| RETAIL | 6,117,117 | 94,484,880 | 15.45x |
| EMPLOYEES | 600,000 | 693,225 | 1.16x |
| Total | 15,455,857 | 479,875,050 | 25.99x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 45,312 | 699,888 | 15.45x |
| HNIs(10L +) | 925 | 49,697 | 53.73x |
| HNIs (2-10L) | 462 | 20,466 | 44.30x |
| Total Applications | 46,699 | 770,051 | 16.49x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Indogulf Cropsciences Limited is bringing an initial public offering (IPO) in the Manufacturing sector with an aggregate issue size of ₹200 Crores. The shares are offered at a price band of ₹105 to ₹111 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2025-06-30, the basis of allotment is scheduled to be finalized on 2025-07-01. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.
The latest Grey Market Premium (GMP) for Indogulf Cropsciences Limited IPO is ₹18 per equity share. Based on the upper price band of ₹105 to ₹111 per equity share, the estimated listing price is ₹129 (+16.2% expected listing gain).
With a lot size of 135 shares and current GMP of ₹18, the expected profit per application lot is approx ₹2,430 (+16.2% gain). Minimum application cost is approx ₹14,985.
The Indogulf Cropsciences Limited IPO aggregate issue size is ₹200 Crores with an equity price band set at ₹105 to ₹111 per equity share. The retail lot size is 135 shares requiring a minimum capital outlay of approx. ₹14,985.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 25.99x (Retail: 15.45x, QIB: 34.18x, NII: 50.58x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2025-07-01. Investors can verify status using PAN card or application number.
Indogulf Cropsciences Limited shares are scheduled to list on NSE and BSE on 2025-07-03.