Indogulf Cropsciences IPO subscribed 40%
The offer received bids for 53.77 lakh shares as against 1.33 crore shares on offer.
The initial public offer of Indogulf Cropsciences received bids for 53,77,320 shares as against 1,33,65,710 shares on offer, according to stock exchange data at 17:00 IST on Thursday (26 June 2025). The issue was subscribed 0.40 times.
The issue opened for bidding on 26 June 2025 and it will close on 30 June 2025. The price band of the IPO is fixed between Rs 105 and 111 per share. An investor can bid for a minimum of 135 equity shares and in multiples thereof.
The IPO comprises a fresh issue of up to 1.44 crore shares aggregating Rs 160 crore and an offer for sale of up to 36.03 lakh shares worth Rs 40 crore at the upper price band of Rs 111.
Proceeds will be used for working capital (Rs 65 crore), debt repayment (Rs 34.12 crore), and setting up a dry flowable (DF) plant in Sonipat, Haryana (Rs 14 crore), with the balance for general corporate purposes. As of 30 April 2025, the company had a working capital limit of Rs 264.08 crore and outstanding borrowings of Rs 256.82 crore on a consolidated basis.
Indogulf Cropsciences, established in 1993, is an agrochemical company manufacturing crop protection products, plant nutrients, and biologicals. It operates four plants in India with a presence in 34+ countries and a product portfolio of 262 items. The company has a strong domestic and global distribution network and earns most of its revenue from crop protection solutions.
Ahead of the IPO, Indogulf Cropsciences on Thursday, 23 June 2025, raised Rs 58.19 crore from anchor investors. The board allotted 52.43 lakh shares at Rs 111 each to 5 anchor investors.
The firm reported a consolidated net profit of Rs 21.68 crore and total income of Rs 464.19 crore for the nine months ended on 31 December 2024.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
15 minutes ago
- Economic Times
Over 18.9 lakh cos were active in India at May-end, shows official data
Official data reveals that over 1.89 million companies, representing 65% of registered firms, were active in India as of May 2025. Business services led with 26%, followed by manufacturing at 19%. Maharashtra had the highest number of active companies at 19%, while new registrations were also highest in Maharashtra, followed by Uttar Pradesh and Delhi. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in Economy 1. Icra retains FY26 GDP forecast at 6.2% New Delhi: More than 18.9 lakh companies or 65 per cent of the total number of registered companies were active in India at the end of May, according to official the active companies, the highest were in the business service segment at 26 per cent, followed by manufacturing (19 per cent), trading and community, personal and Social Services (13 per cent each).In its information bulletin for the month of May, the corporate affairs ministry said Maharashtra had the maximum number of active companies at 19 per cent. It was followed by Delhi (14 per cent) and Uttar Pradesh and West Bengal (8 per cent) each."A total number of 28,96,943 companies were registered in the country as on May 31, 2025, of which 65 per cent (18,90,305) companies stand active. There is an increase of 0.20 per cent in the total proportion of active companies w.r.t registered companies when compared to April 2025," the ministry the end of May, 9,59,215 companies had closed down, 10,474 companies were under liquidation and 2,548 companies were many as 26,174 companies were in the process of being struck off from the official records.A total of 20,718 companies were registered with a collective paid-up capital of Rs 1,176.28 crore in May."Top three states that receive the highest number of new registrations duringMay 2025 were Maharashtra with 17 per cent which amounts to 3,458 corporates, Uttar Pradesh with 11 per cent coming in at 2,379 and Delhi following closely behind at 9 per cent belonging to 1,858 companies with a collective paid-up capital of Rs 306.90 crores for the three states," the ministry per the data, a total of 4,01,809 Limited Liability Partnerships (LLPs) were active at the end of May.
New Indian Express
17 minutes ago
- New Indian Express
AstraZeneca expands Bengaluru hub with Rs 166 crore investment; to create 400 jobs
BENGALURU: Biopharmaceutical company AstraZeneca on Thursday announced the expansion of its global hub in Bengaluru with Rs 166 crore investment. The new facility will house about 1,300 employees and generate 400 new jobs. This is AstraZeneca's second major investment in India within a year, following the expansion of its Global Innovation and Technology Centre (GITC) in Chennai. The combined workforce now at AstraZeneca India Private Limited (AZIPL) will reach close to 4,000 employees. The company said the new facility will serve as a dynamic hub dedicated to advancing AstraZeneca's critical priorities including advanced clinical research supporting AstraZeneca's global therapeutic areas; development of AI-powered; healthcare solutions and digital health technologies. Apart from these, the new facility will help centralise data analytics to enhance clinical trial efficiency and patient outcomes. "Our Global Hub in Bengaluru is a strategic investment that will play a vital role in advancing AstraZeneca's bold ambition to deliver 20 new medicines by 2030 — by strengthening automated, scalable, data-driven, and patient-centric solutions. This step reflects our commitment to tapping into the world-class talent and ecosystem available in Karnataka to power the next generation of scientific innovation," said Jackie Crockford, Vice President, Global Business Services, AstraZeneca. "This hub enhances our R&D capabilities by connecting us with India's exceptional scientific and technological expertise. The expansion will accelerate the development of innovative medicines and help us deliver across R&D, ultimately benefiting patients around the world," said Magnus Nord, Vice President, Global Patient Safety BioPharma, AstraZeneca. The global hub in Bengaluru is dedicated to Research & Development (R&D), Global Business Services (GBS), IT & Digital Health capabilities, playing a key role in advancing scientific discovery and innovation within the enterprise. The company also said that the GITC in Chennai serves as a strategic hub for IT, GBS, Global supply chain & strategy, supporting core business operations with high-impact, technology-driven solutions.
India Today
24 minutes ago
- India Today
India to boost drone capabilities amid growing threats from China, Pakistan
In a bid to strengthen its defence against rising drone threats, the government has approved emergency purchases of Remotely Piloted Aerial Vehicles (RPAVs) worth Rs 2,000 crore, a Defence Ministry statement said on decision comes over a month after Pakistan launched a barrage of drones to attack Indian military and civilian targets during the conflict in the aftermath of India's Operation Sindoor precision strikes on Pakistani terror infrastructure in response to the Pahalgam terror funds will be used to equip the Army with advanced technologies, including Integrated Drone Detection and Interdiction Systems (IDDIS), to detect and neutralise hostile drone threats. The growing use of drones in warfare has raised concerns, especially with reports indicating that China is building a massive drone force estimated at around one million the other hand, Pakistan has also reportedly acquired over 50,000 drones from China and Turkey, which could possibly be used for surveillance and combat missions against meet these challenges, India is investing in RPAVs, loitering munitions, and combat drones for various military applications. These systems will enhance India's surveillance and strike capabilities along sensitive border government is also promoting domestic drone manufacturing to reduce reliance on foreign suppliers. India's private defence manufacturers are also developing drone solutions for both defence and civilian use, including surveillance and infrastructure growing tensions along its borders, India's efforts to modernise and expand its drone capabilities mark a crucial step in safeguarding national security.- EndsMust Watch
