Indogulf Cropsciences IPO Bidding Ends with 21.59x Oversubscription; Big Listing Day Gains Expected

The Indogulf Cropsciences IPO ended on a high note on June 30, as it was oversubscribed by a massive 22.65 times on the last day of bidding. This strong response shows how much interest the company has generated among investors across categories: retail, institutional, and high-net-worth individuals.

IPO Dates to Remember: Allotment and Listing Schedule

The Indogulf Cropsciences IPO bidding opened on June 26 and closed today, June 30. Now, investors are eagerly waiting for the Indogulf Cropsciences IPO allotment date, which is expected to be finalised on Tuesday, July 1. If you applied, this is the date you'll know whether you got the shares. The Indogulf Cropsciences shares are likely to be listed on BSE and NSE on Thursday, July 3rd

IPO Size and Structure: What Was on Offer?

The total IPO size was Rs. 200 crore. This included a fresh issue of shares worth Rs 160 crore for 1.44 crore shares and an offer for sale of Rs.40 crore for 0.36 crore shares.

Indogulf Cropsciences IPO Subscription So Far

By the end of Day 3, the Indogulf Cropsciences IPO subscription status was very strong. The retail investor portion was subscribed to 12.63 times, Qualified Institutional Buyers, or QIBs, subscribed to 21.59 times, while non-institutional investors, mostly high-net-worth individuals, subscribed a whopping 47.25 times. Overall, the IPO was oversubscribed, with a number crossing 22.65x.

GMP Today: What's the Expected Listing Gain?

As per the latest update on June 30, 2025, the Indogulf Cropsciences IPO GMP stands at Rs 12. This hints that the stock could debut with a decent premium if market sentiment remains positive. The expected listing price for Indogulf Cropscience IPO is around Rs 123, with the IPO price band set at ₹111 per share, indicating a potential gain of about 10.81% on listing day.

With the way the issue was subscribed and a healthy GMP, there is a good chance for listing gains. However, actual performance will also depend on market trends on the listing date, July 3rd.

Adroit Financial Services Pvt Ltd has given a "Subscribe" recommendation for the Indogulf Cropsciences IPO, citing the company's strong fundamentals with a huge agrochemical portfolio and strong distribution network across India and 34+ countries. The brokerage firm highlights that over 90% of Indogulf's revenue comes from crop protection products, backed by solid R&D and capacity expansion plans, especially ahead of the Kharif season. Adroit also notes that the IPO proceeds will be used to reduce long-term debt, which will improve profitability and EPS in future quarters. Given its reasonable valuation compared to peers and growth potential, Adroit recommends the IPO as a good pick for long-term investors.

About Indogulf Cropsciences

Indogulf Cropsciences is an agrochemical company that manufactures and sells crop protection products like pesticides, fertilisers, and other agri-solutions. Incorporated in 1993 as Jai Shree Rasayan Udyog Limited, Indogulf Cropsciences Limited, renamed in 2015, specialises in manufacturing crop protection products, plant nutrients, and biologicals in India. The company operates four ISO-certified plants across ~20 acres in Samba (J&K), Nathupur-I & II, and Barwasni (Haryana).

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