Indogulf Cropsciences Ltd, a Delhi‑based agro‑chemical company, launched its ₹200 Cr mainboard IPO from June 26–30, 2025. Here’s a detailed guide for ipogyan.in readers.
📌 IPO Highlights
- Price Band: ₹105–₹111 per share :contentReference[oaicite:1]{index=1}
- IPO Open: June 26, 2025
- IPO Close: June 30, 2025
- Lot Size: 135 shares (~₹14,985 at upper band) :contentReference[oaicite:2]{index=2}
- Issue Size: ₹200 Cr (Fresh: ₹160 Cr + OFS: ₹40 Cr) :contentReference[oaicite:3]{index=3}
- Allotment Date: July 1, 2025
- Refund & Demat Credit: July 2, 2025
- Expected Listing: July 3, 2025 on NSE & BSE :contentReference[oaicite:4]{index=4}
🏢 About Indogulf Cropsciences
Incorporated in 1993, Indogulf manufactures crop protection chemicals, plant nutrients, and biologicals. It operates four plants in Haryana and J&K, distributes in 22 states + 3 UTs, and exports to 34 countries :contentReference[oaicite:5]{index=5}.
📈 Financial Snapshot
| Period | Revenue (₹ Cr) | PAT (₹ Cr) |
|---|---|---|
| FY 2023‑24 | ₹555.8 | ₹28.2 |
| 9M FY 2024‑25 | ₹466.3 | ₹21.7 |
FY24 revenue ₹555.8 Cr with ₹28.2 Cr profit. Operating margin >10%, ROE ~12% :contentReference[oaicite:6]{index=6}.
🔥 Grey Market Premium (GMP)
GMP trades at ~₹11 (~10% upside), indicating likely listing near ₹122 :contentReference[oaicite:7]{index=7}.
📊 Subscription Status
- Day 1: Overall ~17–30%; Retail ~31–52%, NII ~18%, QIB ~5% :contentReference[oaicite:8]{index=8}
🎯 IPO Objectives
- Fund working capital
- Repay debt
- Set up dry flowable plant in Haryana
- General corporate purposes :contentReference[oaicite:9]{index=9}
🔍 How to Check Allotment Status
- Visit registrar Bigshare or BSE/NSE allotment page
- Select “Indogulf Cropsciences IPO”
- Enter PAN, application number, or Demat ID
- Click Submit to view status
📲 How to Apply via Zerodha (Kite)
- Login → Console → IPO section
- Select “Indogulf Cropsciences IPO”
- Enter UPI ID, 135 shares, bid ₹111 (cut‑off)
- Submit & approve UPI mandate
📱 How to Apply via Paytm Money, Groww, Upstox, Angel One & Others
Similar steps: login → IPO tab → select IPO → enter lot size & price → submit & approve UPI.
⭐ Tips to Improve Allotment Chances
- Bid at upper band (₹111)
- Apply for minimum one lot (135 shares)
- Use multiple Demat accounts if eligible
- Approve UPI mandate early
- Apply early on Day 1
📚 Related IPO Posts
Disclaimer: This article is for informational purposes only. Investing in IPOs involves risk; consult a financial advisor before making any decision.
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