Indogulf Cropsciences IPO Day 1 Live: Check Gmp, Subscription Status, Review, Key Dates. Apply or not?

The Initial Public Offering (IPO) of Indogulf Cropsciences, A Producer of Crop Protection Products, Has Opened for Subscription Starting Today, June 26, and Will Close on June 30, Monday. Prior to its public offering, the company secured 58.20 Crores from anchor investors.

Indogulf Cropsciences IPO Price Band has been fixed in the range of 105 to 111 per equity share of the face value of 10. The indogulf cropscines iPo lot size is 135 equity shares and in multiples of 135 equity shares there.

Indogulf Cropsciences IPO Has Reserved Not More Than 50% of the Shares in the Public Issue for Qualified Institutional Buyers (QIB), Not Less Than 15% for Non-Institutional Investors (NII), and Not Less than 35% of the offer is reserved for retail investors.

The allocation of shares for the indogul cropscines iPO is expected to be determined on tuesday, july 1, with refunds engINing on Wednsday, july 2. On the Samme Following the refunds, Shares Willing the refunds Deposited Into The Demat Accounts of the successful applicants. The listing price for indogulf cropsciences shares is anticipated to be announced on the bse and nse on Thursday, july 3.

Indogulf Cropsciences Limited Focuses on the Production of Crop Protection Products, Plant Nutrients, and Biological Solutions with India. In 2019, the company achieved the successful production of Spiromesifen Technical with a Points Level of 96.5% and Became one of the first domestic manufacturers of pyrazosulfuron ethyl Technical Technical Whit 97% Purity in India.

The Company Operates Four Manufacturing Facilites Across Samba (Jammu & Kashmir) and Nathupur (Haryana), Occupying Approximately Twenty Acres, Which Includes Two Locations in Nathupur and Aone In Inn Barwasni, Haryana.

Indogulf Boasts A Distribution Network that Spans 22 States and 3 Union Territories in India, Backed By 169 Business Partners, 5,772 Distributors, and 129 Collaborators in 34 Countryes Globally.

According to the Red Herring Prospectus (RHP), The Company’s Listed Peers Include Aries Agro Ltd (with a P/E Ratio of 17.47), Basant Agro Tech India Ltd (with A P/E Ratio of 44.58), Agrolife ltd (with a p/e ratio of 12.23), Bhagiradha Chemicals & Industries Ltd (with a P/E ratio of 101.81), Heranba Industries Ltd (with a P/E Rtio of 35.34), India Pesticides Ltd (With a P/e ratio of 41.62), and dharmaj crop guard ltd (with a p/e ratio of 18.02).

Indogulf Cropsciences IPO Day 1 Live: Subscription Status

Subscription for the public issue will open at 10:00 IST DURING THURSDAY’s Deals.

Indogulf Cropsciences iPo Day 1 Live: review

According to Anand rathi researchIn terms of Valuation, the company is targeting a pe ratio of 24.6 times based on annualized fy25 Figures, Resulting in a post-Risue Market Capitalization of 7,015 Million, Making the offering reasonibly priced.

Despite Experience Fluctations in Raw Material Prisis Over the Past Few Years, The FIRM HAS Demonstrated Consistent Consistent Growth in BOTH Its Revenue and Profits. The brokerage is confident that company is positioned for long-term growth, supported by its backward-integrated manufacturing capabilites, dedicated research and Development FORTS, ROVORTS, Rob Distribution and Sales Network, and a Diverse Range of Products.

“Since the industry that company cats is cyclic, highly dependent on government’s initiatives, shift in consumer preference for Organic Production and With Its Fully PRICED SCENARIOI That, the company is long run growth story which requires initiatives for Agricultural Boost, Increase Awareness of Sustainable Farming. The brokerage.

Indogulf Cropsciences IPO Day 1 Live: IPO Details

The IPO CONSISTS of a New Issuance of Equity Shares Valied at 160 Crore and a share sale of up to 36.03 lakh shares from promoters om Prakash Aggarwal (HUF) and Sanjay Aggarwal (HUF).

The funds raised from the new issue, Amouning to 65 Crore, will be allocated for meeting working capital needs, while 34.12 Crore will go towards debt repayment, 14 Crore for Capital Expenditures, and General Corporate Uses.

Systematix corporate services services as the exclusive Book-Running Lead Manager, while BigShare Services will act as the registrar for the issue.

Indogulf Cropsciences IPO Day 1 Live: Indogulf IPO Gmp Today

Indogulf Cropsciences IPO Gmp Today or Grey Market Premium is +11. This indicates indogulf cropsciences share price was trading at a premium of 11 in the green market on Thursday, according to investorgain.com.

Considering the upper end of the IPO price band and the current premium in the green market, the estimated listing price of indogulf cropscines share price was indicated at 122 Apiece, which is 9.91% higher than the IPO price of 111.

‘Grey Market Premium’ Indicates Investors’ Readness to pay more than the issue price.

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