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Indogulf Cropsciences IPO Opens Tomorrow: GMP, Issue Details, 10 Key Things to Know

Indogulf Cropsciences IPO Opens for Subscription on Tomorrow (Thursday, June 26). Indogulf Cropscines Limited Focuses

In 2019, the company achieved the production of spiroomesifen technical with a purity of 96.5% and estebled itself as one of the leading local manufacturers of pyrazosulfuron ethyl technical with a 97% Purita Level in India.

The Company Operates Four Manufacturing Facilites in Samba (Jammu & Kashmir) and Nathupur (Haryana), Coversing Approximately Twenty Acres, which inclusions in Nathupur and One in Jarwasni, Haryana.

Indogulf has an extended distribution network Reaching 22 States and 3 Union Territories Through India, Backed By 169 Business Partners, 5,772 DISTRIS, and 129 collaborators in 34 courses.

According to the Red Herring Prospectus, the company’s publicly tried competitors include aries agro ltd (with a p/e of 17.47), basant agro tech india ltd (with a p/e of 44.58), Agrolife ltd (with a p/e of 12.23), Bhagiradha Chemicals & Industries Ltd (with a P/E of 101.81), Heranba Industries Ltd (with A P/E of 35.34), India Pesticides Ltd (with a p/e of 41.62), and Dharmaj Crop Guard Ltd (with a P/E of 18.02).

Also read , Indogulf Cropsciences IPO: Price Band Set at ₹ 105-111 per share; Check Details

Here are the 10 key things to know about indogulf cropsciences iPo

Indogulf cropsciences ipo date: The issue opens for subscription on Thursday, June 26 and closes on Monday, June 30.

Indogulf Cropsciences IPO Price Band: The issue’s price band has been fixed in the range of 105 to 111 per equity share of face value of 10.

INDOGULF Cropsciences IPO Lot Size: Irm energy IPO lot size is 135 equity shares and in multiples of 135 equity shares there.

Anchor investors: The allocation to anchor investors for indogulf cropscines iPo is scheduled to take place place today (Wednesday, June 25).

Indogulf cropsciences ipo details: Indogulf Cropsciences IPO Comprises a Fresh issue of 160 Crore, and an offer-for-Saale (ofs) of 36,03,603 equity shares by the promoter group seling sharehlet.

Indogulf Cropsciences IPO Objective: Indogulf Cropsciences IPO Intends to Use the Net Proceeds from the offering for Several Purposes, Such as Addressing Working Capital Requirements, Settling or Paying Off EXBTS, Finning Capital Expenditures for the company, or setting up an in-House dry flowable (DF) Facility in Haryana, in addition to general corporate activities.

Also read , Globe Civil Projects IPO: Gmp, Subscription Status to review. Apply or not?

Indogulf Cropsciences IPO Listing Date and Allotment Details: The Basis for the Allotment of Shares for Indogulf Cropsciences’ IPO is expected to be determined on tuesday, July 1. Allottees will have shares credited to their Demat Accounts Folling the refunds. Indogulf Cropscines Share Price is anticipated to be listed on the bse and nse on Thursday, July 3.

Lead manager and registrar of indogulf cropsciences iPo: Systematix Corporate Services Limited is the Book-Running Lead Manager for the Indogulf Cropscines IPO, while BigShare Services Pvt Ltd serves as the registrar for this offering.

Indogulf cropsciences ipo reservation: The issue has reserved not more than 50% of the shares in the public issue for Qualified Institute Buyers (QIB), Not less than 15% for non-informal institutional Investors (NII), and notes than 35% of the off the offer Reserved for retail investors.

INDOGULF CROPSCIENCES 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 Wednsday, according to investorgin.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.

Also read , Kalpataru IPO: GMP, Subscription Status to review. Apply or not?

Disclaimer: The views and recommendations made about individual analysts or broking companies, and not of Mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.

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