About Crystal Crop Protection IPO
Crystal Crop Protection Limited submitted its DRHP to SEBI for its proposed IPO of ₹6,000 Crores on 17th December 2025. The Crystal Crop Protection IPO will consist of a new issue of shares and an OFS of 0.74 Crores equity shares, each having a face value of ₹10. The shares will be traded on the BSE and NSE.
The IPO is being offered as a 100% book-built issue; the price range and subscription dates will be announced later. IIFL Capital Services Ltd., DAM Capital Advisors Ltd. and Motilal Oswal Investment Advisors Ltd. are the book-running lead managers for the Crystal Crop Protection IPO and MUFG Intime India Pvt. Ltd. will perform the allotment process as registrar of the issue.
Company Background
Crystal Crop Protection Limited was incorporated on 13th July 1994 under the name Jai Bharat Crop Chemical Private Limited. India's largest agrochemical manufacturers, comprising a diverse group of companies, also invest significant amounts of capital in corporate research and development. The Corporate Office for Crystal Crop Protection Limited is located in Ahmedabad, Gujarat, while New Delhi serves as the company's primary Headquarters.
Operations and Product Range
The company has a divisional focus on crop protection, seeds, and farm mechanization products. The Crystal Crop Protection IPO documents indicate the company has six manufacturing plants and three seed processing locations throughout India. The company offers a variety of high-quality seed brands, such as Proagro, Surpass, and Mahalaxmi, as well as innovative crop protection products, including Azotrix.
Revenue Streams and Business Model
The revenue from Crystal Crop Protection Limited comes from selling agrochemicals and seeds through a distribution system of around 13,285 distributors. The total income of Crystal Crop Protection Limited for the fiscal year (ending on 31 March 2025) was ₹2731.94 Crores. The business model of the company puts an emphasis on a high innovation turnover rate and a strong commitment to its Intellectual Property protection, as evidenced by having filed for 28 patents as of the year 2025.
Management and Shareholding
Promoters and Shareholding
The promoters of the company are Nand Kishore Aggarwal, Ankur Aggarwal, Komal Aggarwal, and the Ankur Aggarwal KNK Family Trust. Nand Kishore Aggarwal is a key promoter and is also a selling shareholder in the Crystal Crop Protection Limited IPO.
Board and Key Management
The leadership team is supported by Vikram Singh, who serves as the Company Secretary and Compliance Officer. The management team focuses on maintaining a vertically integrated operation to ensure quality and innovation.
Crystal Crop Protection IPO Details
| Detail | Description |
|---|---|
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹ 10 per Equity Share |
| Issue Price Band | [.] |
| Lot Size | [.] |
| Sale Type | Fresh Issue + Offer for Sale (OFS) |
| Total Issue Size | ₹ 600.00 Cr (Fresh) + 74.05 Lakh Shares (OFS) |
| Fresh Issue(Ex Market Maker) | ₹ 600.00 Crore |
| Offer for Sale | 74,05,387 Equity Shares |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE and BSE |
| Share Holding Pre Issue | 86.69 % (Promoter Holding) |
Crystal Crop Protection IPO Financial Information
Latest Revenue
1,978.00
₹ Crore
Profit After Tax
153.50
₹ Crore
Net Worth
1,564.00
₹ Crore
Total Borrowing
1,205.00
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2025 | 3,532.00 | 1,978.00 | 153.50 | 1,564.00 | 1,437.00 | 1,205.00 | |||
| 31 Mar 2025 | 3,082.00 | 2,730.00 | 118.40 | 1,411.00 | 1,282.00 | 1,150.00 | |||
| 31 Mar 2024 | 2,530.00 | 2,263.00 | 87.20 | ₹ 1,308.00 | 1,179.00 | 818.00 | |||
| 31 Mar 2023 | 2,467.00 | 2,310.00 | 110.00 | 1,228.00 | 1,099.00 | 756.00 | |||
| Amount in ₹ Crore | |||||||||
Crystal Crop Protection Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 8.31% |
| ROCE | 16.43% |
| Debt/Equity | 0.65 |
| RoNW | 7.46% |
| EBITDA Margin | 12.34% |
| Price to Book Value | [.] |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | ₹9.37 | [.] |
| P/E (x) | [.] | [.] |
IPO Objectives
The Crystal Crop Protection IPO aims to raise funds for the following key purposes:
- Repayment or pre-payment of certain borrowings.
- Funding acquisitions and other strategic initiatives.
- Meeting working capital requirements and general corporate purposes.
Conclusion
Wrapping up, the Crystal Crop Protection IPO is opening a new construction period for this already well-established Agrochemical corporation. The new funds being created from the Crystal Crop Protection IPO will give the company more working capital to pay off its debt as well as expand into additional markets, thus creating a better competitive edge in both domestic and global sectors. Investors looking to invest in the Crystal Crop Protection IPO can align themselves with a company that has a long history of success focused on research and development, as well as providing a large distribution network.
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Competitive Strengths
Vast Portfolio: 174+ products across crop protection and seeds.
Strong R&D for Indian farmers.
| Sr.no | Description | Date | File |
|---|---|---|---|
| 1 | Filed with SEBI/Exchange | 17/12/2025 | - |
| 2 | SEBI/Exchange approval received | - | - |
Crystal Crop Protection IPO Timeline
| IPO Open Date | [.] |
| IPO Close Date | [.] |
| Tentative Allotment | [.] |
| Initiation of Refunds | [.] |
| Credit of Shares to Demat | [.] |
| Tentative Listing Date | [.] |
| Cut-off time for UPI mandate confirmation | - |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 Lots | [.] | ₹14,000 – ₹15,000 |
| Individual investors (Retail) (Max) | 13 - 14 Lots | [.] | Up to ₹2,00,000 |
| S-HNI (Min) | 14 - 15 Lots | [.] | Above ₹2,00,000 |
| S-HNI (Max) | 66 - 70 Lots | [.] | Up to ₹10,00,000 |
| B-HNI (Min) | 71+ Lots | [.] | Above ₹10,00,000 |