Indogulf Cropsciences Ltd IPO

Company Overview

Incorporated in 1993 and headquartered in New Delhi, Indogulf Cropsciences Limited is engaged in the manufacturing and distribution of crop protection products (insecticides, herbicides, fungicides), plant nutrients, and biologicals (bio-fertilisers and bio-stimulants). The company operates through four manufacturing facilities located across Haryana and Jammu & Kashmir, covering approximately 20 acres. Indogulf is recognised as a “Two-Star Export House” by the Government of India and exports to over 34 countries.

R&D and Innovation

Indogulf places a strong emphasis on Research & Development, backed by:

• A NABL-certified laboratory

• Six patents granted since FY19

• Pioneering production of Spiromesifen (96.5%) and Pyrazosulfuron Ethyl (97%) in India

Product Portfolio

1. Plant Nutrients: Includes speciality fertilisers, bio-stimulants, and soil health products that improve soil fertility, boost root development, and enhance crop yield.

2. Crop Protection Products: A broad range of insecticides, fungicides, herbicides, and bio-stimulants that safeguard crops from pests and diseases.

3. Biologicals: Biological inputs like Biogold, Indo Breeza, and Indo Mycorrhiza that promote sustainable farming by improving nutrient uptake and stress tolerance

Objects of the Issue

1. Funding working capital requirements

2. Repayment of existing borrowings

3. Capital expenditure for establishing a Dry Flowable (DF) Plant in Barwasni, Haryana

4. General corporate purposes

Key Strengths

• Among the few Indian manufacturers of Pyrazosulfuron Ethyl (97%)

• Recognised government Two-Star Export House

• Integrated operations with manufacturing units for technicals, formulations, and fertilisers

• Stable financial performance over FY22–FY24

• Strong in-house R&D with patent track record

Risk Factors

• Regulatory approvals are critical for product manufacturing and marketing

• Volatile raw material prices can impact margins

• High working capital needs and moderate debt levels

• Export risks, including currency fluctuations and global compliance

• Quality lapses can lead to product recalls or legal issues

Indogulf Cropsciences IPO Key Details

• IPO Dates: June 26 to June 30, 2025

• Price Band: ₹105 to ₹111 per share

• Lot Size: 135 shares

• Total Issue Size: ₹200 Crores

• Retail Quota: 35%

• GMP (Grey Market Premium): 12% (for reference only)

  
  

Allotment Link

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