The Indogulf Cropsciences IPO GMP is drawing significant attention from investors across the country. With a robust presence in the agrochemical industry and a well-structured IPO, Indogulf Cropsciences is looking to leverage market interest to raise ₹200 crore through this public issue. In this article, we provide real-time GMP trends, IPO details, subscription data, and investor tips to help you make an informed decision.
About Indogulf Cropsciences
Indogulf Cropsciences Limited is engaged in the production and distribution of agrochemicals like insecticides, fungicides, herbicides, and plant growth regulators. The company also exports its products to over 25 countries, with a focus on quality, innovation, and sustainability.
It operates with modern manufacturing facilities and a strong domestic network of over 6,000 distributors, making it a key player in the Indian agricultural sector.
Indogulf Cropsciences IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | June 26, 2025 |
| IPO Close Date | June 30, 2025 |
| Price Band | ₹105 to ₹111 per share |
| Lot Size | 135 shares |
| Issue Size | ₹200 crore |
| Fresh Issue | ₹160 crore (1.44 crore shares) |
| Offer for Sale (OFS) | ₹40 crore (36.03 lakh shares) |
| Listing Exchange | BSE SME and NSE SME |
| Face Value | ₹10 per share |
| Tentative Listing Date | July 3, 2025 |
Indogulf Cropsciences IPO GMP (Grey Market Premium)
The Indogulf Cropsciences IPO GMP started strong at around ₹10–₹11 but has slightly declined as of Day 2.
| Date | GMP (₹) | Listing Price Expectation |
|---|---|---|
| June 26 | ₹11 | ₹122 (10% over issue price) |
| June 27 | ₹9 | ₹120 (8% gain expected) |
| June 28 | ₹8–₹9 | ₹119–₹120 |
Although the GMP has dipped, it still reflects positive listing sentiment. Investors should remember that GMP is unofficial and speculative but often indicates short-term market interest.
Subscription Status (As of June 27, 2025)
| Category | Subscription |
|---|---|
| Retail | 1.58x |
| QIB | 0.05x |
| NII (HNI) | 0.82x |
| Total | 0.94x |
The IPO is showing strength in the retail category, with moderate interest from high-net-worth individuals. Institutional participation is expected to pick up as we head into the final day.
Should You Apply? Key Analysis
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Strong Retail Support: Over 1.5x subscribed in retail, indicating investor confidence.
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Reasonable Valuation: Estimated P/E around 24–25x, lower than some listed agrochemical peers.
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Business Growth: Funds will be used to reduce debt and expand manufacturing, a positive move for long-term scalability.
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Stable GMP: While slightly declined, GMP around ₹8–₹9 still suggests likely listing gains.
Expert Tips for Investors
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Apply early: IPOs tend to get flooded on the last day. Applying early can reduce UPI issues.
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Track GMP trend: A falling or rising GMP can help indicate sentiment. Steady GMP is often a good sign.
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Use multiple demat accounts: Legally applying through eligible family members may increase allotment chances.
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Monitor QIB interest: If institutional interest rises on the final day, it can boost listing expectations.
Important Dates
| Event | Date |
|---|---|
| IPO Open | June 26, 2025 |
| IPO Close | June 30, 2025 |
| Basis of Allotment | July 1, 2025 |
| Refunds Initiation | July 2, 2025 |
| Shares Credited in Demat | July 2, 2025 |
| Listing Date | July 3, 2025 |
Final Verdict
The Indogulf Cropsciences IPO GMP trend, combined with strong retail subscription and sound fundamentals, makes it a moderately attractive IPO for both listing gains and long-term holding. While the QIB segment remains under-subscribed for now, final-day movements could change the game. Investors should watch GMP and overall demand closely before the issue closes.
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