Indogulf Cropsciences Limited IPO

Indogulf Cropsciences Limited issued an initial public offering (IPO) on June 26, 2025 and the subscription period will end on June 30, 2025. The IPO will raise ₹200 crore with a mix of fresh issue and an offer for sale (OFS). The new issue is 1.44 crore equity shares of 160 crore and 36.03 lakh shares of 40 crore will be sold by promoters and existing shareholders. The IPO price band is set at ₹105-111 per share with a minimum lot size of 135 shares. The retail investor will have to invest around 14,985 at the upper band. The IPO will be listed on BSE and NSE on July 3, 2025.

Company Background

Indogulf Cropsciences Limited is an Indian agrochemical company based in Delhi and incorporated in 1993. The company specializes in crop protection products, plant nutrients and biologicals manufacturing along with marketing. It has set a strong foundation in India and exports to various countries, which have helped in agricultural productivity and sustainability.

Operations & Product Range

Facility & Production:

Indogulf Cropsciences has four ISO-certified manufacturing units in Haryana and Jammu & Kashmir with 20 acres of space. A wide variety of agrochemical products is produced in these facilities, such as insecticides, fungicides, herbicides, special fertilizers, bio-stimulants and bio-fertilizers. The company has 225 trademarks, 8 copyrights, 6 design registrations and 3 packaging patents to make sure the products are quality and safe.

Brands & Market Presence:

The products of the company are sold under different brands including Biogold, Indo Breeza and Indo Mychoriza. It enjoys a wide distribution network in 22 Indian states and 3 Union Territories with 169 business partners and more than 5,700 distributors. Indogulf also exports to 34 countries which shows its good domestic and international market presence.

Revenue Channels

Indogulf Cropsciences majorly earns its revenue by selling its crop protection chemicals, plant nutrients and biological products. The company serves retail and institutional clients and sells products in powder, granules and liquid forms. Its product diversification and wide geographic coverage are some of the factors that lead to stable revenues. The company had a revenue of 555.79 crore and a profit after tax (PAT) of 28.23 crore and an EBITDA margin of more than 10 percent in FY 2023-24.

Management & Shareholding

Promoters & Shareholding:

Indogulf Cropsciences Limited is promoted by Om Prakash Aggarwal, Sanjay Aggarwal, Anshu Aggarwal and Arnav Aggarwal. The promoter group has a substantial majority interest of 96.87 percent pre-IPO that will decline to approximately 69.07 percent after the fresh issue and offer of sale. The rest are owned by the public and institutional investors. This high promoter ownership is an indication of their large ownership and interest in the growth of the company.

Board Members:

The board of Indogulf Cropsciences consists of Chairman Om Prakash Aggarwal, Managing Director Sanjay Aggarwal, Non-Executive Director Anshu Aggarwal, key executives and independent director Rahul Gupta, which offers good leadership and governance.