According to the bse filing, indogulf cropscines allotted a total of 52,43,242 or over 52.43 lakh equity shares to the an allocation price of an allocation price of 111 per share with a face value of 10 Apiece.
Abakkus Diversified Alpha Fund, Viney Growth Fund, Swyom India Alpha Fund, Sunrise Investment Trust, and Rajasthan Global Securitys Pvt. Ltd, was the anchor investors who participated in the public issue.
Abakkus Diversified Alpha Fund at 48.45 per cent and Viney Growth Fund at 25.77 per cent, the top anchor allotments of the indogulf cropscines IPO, According to the BSE IPO DATA.
“The company has positioned its one of the first few indigenous manufacturers of pyrazosulfuron ethyl technical, with 97% purity in india Entry Barriers in the Agrochemical Sector, Including Costs and Complex Approvals, “said the analysts at anand rathi, assigning a” subscribe “rating to the public issue.
Indogulf Cropsciences IPO Latest Gmp
As of Wednsday, 25 June 2025, The Grey Market Premium (Gmp) of the Indogulf Cropscines IPO Stood at 11 per share. With the upper price band of 111 per share, the stocks are expected to be listed in the Indian stock market at 122 Apiece, a Listing Premium of 9.91 per cent, according to investorgain data.
Gray Market Premium (Gmp) is an indicator of the investors’ willingness to apply for a public issue. The gmp remained flat after the anchor round at its current levels.
Indogulf Cropsciences IPO Details
Indogulf Cropsciences is a Book-Built Issue Offering a Fresh Issue of 160 Crore, and an offer-for-sale (ofs) component of 36,03,603 equity shares by the promoter seling stakeer.
The company fixed the price band for the rage of 105 to 111 per share, with a lot size of 135 equity shares per lot. The IPO will open for public subscription on Thursday, 26 June 2025, and is scheduled to close on Monday, 30 June 2025.
The firm aims to use the net proceeds from the public issue to address work Dry Flowable (DF) Facility in Haryana, Along with General Corporate Activities.
Systematix Corporate Services Limited is the Book-Running Lead Manager for the Public Issue, while BigShare Services Pvt Ltd is the registrar for the offer.
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Disclaimer: This story is for educational purposes only. The views and recommendations about individual analysts or broking companies, not mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.
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