Indogulf Cropsciences is a Delhi-based agrochemical company engaged in the manufacturing and distribution of crop protection products, including pesticides, herbicides, fungicides, and bio-fertilizers.

The IPO is a fresh issue, aimed at business expansion, working capital infusion, and R&D infrastructure development.

IPO Details Summary

Day 1 Subscription Status (As of 5:00 PM)

Retail and NII segments drove the initial momentum, while institutional bids are expected closer to closing day.

GMP Update: What the Market Says

• Current GMP: ₹10–₹12

• Upper Price Band: ₹86

• Expected Listing Price: ₹96–₹98

• Estimated Listing Gain: 12–14%

Note: GMP is unofficial and fluctuates based on demand-supply in the grey market.

Company Profile: Indogulf Cropsciences Ltd.

Indogulf manufactures and markets:

• Pesticides and herbicides for cereals and vegetables

• Insecticides and fungicides for horticulture crops

• Organic bio-fertilizers and crop enhancers

The company sells through a nationwide dealer network and exports to Africa, Southeast Asia, and the Middle East.

Use of IPO Proceeds

The IPO will fund:

• Capacity expansion at the Rajasthan plant

• R&D facility for green agrochemicals

• Working capital and dealer outreach

• General corporate purposes

Should You Apply for Indogulf Cropsciences IPO?

Pros:

• Part of the evergreen agrochemical sector

• Strong domestic and export demand for bio-based crop solutions

• Attractive GMP and affordable lot size

Cons:

• High dependency on seasonal agriculture cycles

• Regulatory scrutiny in chemical manufacturing

• SME IPOs may see low liquidity and price swings post-listing

Expert View:
Backed by a healthy GMP and solid retail/NII interest, Indogulf Cropsciences IPO appears promising for short-term gains. Long-term performance will depend on R&D execution and expansion success.

Disclaimer: This article is for informational purposes only and should not be considered financial advice. Investors are advised to consult with certified financial advisors and read all documents carefully before making investment decisions. Market conditions are subject to change.

The Upcoming IPOs in this week and coming weeks are Crizac, Silky Overseas, Vandan Foods, Pushpa Jewellers, Cedaar Textile, Adcounty Media India, Marc Loire Fashions, Neetu Yoshi.

The Current active IPO are Moving Media Entertainment, Valencia India, PRO FX Tech, Ace Alpha Tech, Indogulf Cropsciences, Suntech Infra Solutions, Rama Telecom, Supertech EV, Sambhav Steel Tubes, HDB Financials, Abram Food, Shri Hare-Krishna Sponge Iron, Icon Facilitators, Globe Civil Projects, Ellenbarrie Indutrial Gases, Kalpataru, AJC Jewel.

The Closed IPOs are Aakaar Medical Technologies, Safe Enterprises Retail Fixtures, Mayasheel Ventures.

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