Issue Price
₹111
Per Share
GMP
NIL
Grey Market
Est. Listing
₹111
Expected Price
Min. Application
₹29,970
2 lots × 135 shares
Incorporated in 1993, Indogulf Cropsciences Limited is engaged in manufacturing crop protection products, plant nutrients, and biologicals in India.The company manufactured Spiromesifen technical with 96.5% purity in 2019 and is one of the first indigenous manufacturers of Pyrazosulfuron Ethyl technical with 97% purity in India.The company operates four manufacturing facilities in Samba (Jammu & Kashmir) and Nathupur (Haryana), covering approximately twenty acres, including two sites in Nathupur and one in Barwasni, Haryana.The company has a sales network across 22 states and 3 Union Territories in India, with 169 business partners, 5,772 distributors, and 129 partners in 34 countries worldwide.The company’s flexible, multi-purpose facilities allow diverse product manufacturing, adapting to customer needs. Its competitive advantage is strengthened by high regulatory barriers in the agrochemical industry, including costs and complex approvals.Product Portfolio:Plant Nutrients: The company manufactures specialty fertilizers, bio-simulants, and performance products, including straight fertilizers and soil health products, to enhance soil fertility, stimulate root growth, and improve crop yields.Crop Protection Products: The company manufactures crop protection products, including insecticides, fungicides, herbicides, and bio-stimulants, designed to safeguard crops from pests, diseases, and weeds, ensuring healthy growth and productivity.Biologicals: The company offers biological products, including bio-stimulants and bio-fertilizers, to improve crop growth, nutrient uptake, stress tolerance, and overall sustainability, with products like Biogold, Indo Breeza, and Indo Mychoriza.As of August 31, 2024, the company had 640 permanent employees.Competitive Strengths:Diversified product portfolio and specialized products across all three verticals.Established distribution network in India and abroad.Backward integrated manufacturing infrastructure.Strong R&D and product development capabilities.Experienced Promoters and a strong management team.
Indogulf Cropsciences Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| TOTAL | 18,077,476 | 100.00% | ₹200.66 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 135 | ₹14,985 |
| Retail (Max) | 13 | 1,755 | ₹194,805 |
| sNII (Min) | 14 | 1,890 | ₹209,790 |
| bNII (Min) | 68 | 9,180 | ₹1,018,980 |
| Particulars | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue from Operations | 466.31 | 555.79 | 552.19 |
| EBITDA | 44.78 | 55.74 | 49.04 |
| Profit After Tax (PAT) | 21.68 | 28.23 | 22.42 |
| Net Worth | 265.43 | 231.65 | 203.25 |
| Total Assets | 597.81 | 542.25 | 517.51 |
| Reserves & Surplus | 216.64 | 208.01 | 179.60 |
| Total Borrowings | 206.30 | 154.56 | 189.22 |