&w=3840&q=100)
Indogulf Cropsciences IPO allotment today; check status, GMP, listing date
The issue was subscribed around 40 per cent on the first day and ended the day with around 93 per cent subscription.
According to NSE data, investors made bids for 347.26 million shares or 25.98 times, compared to the 13.36 million shares on offer by 5 PM on Monday.
The portion allocated for qualified institutional bidders (QIBs) was subscribed 33.26 times, while the non-institutional investors (NIIs) portion saw a subscription of 48.39 times. The quota set aside for retail investors was booked 14.78 times at the same time. The employee portion was booked only 1.09 times.
After the allotment process is completed, investors can verify their IPO allotment status by visiting, the official websites of the National Stock Exchange (NSE), BSE, and Bigshare Services, the registrar for the issue. Alternatively, investors can use the direct links provided below to check their allotment status:
https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
Check Indogulf Cropsciences IPO allotment status on BSE:
https://www.bseindia.com/investors/appli_check.aspx
https://www.bigshareonline.com/ipo_allotment.html
Indogulf Cropsciences IPO grey market premium (IPO)
The unlisted shares of Indogulf Cropsciences were trading at ₹123 in the grey market, commanding a premium of ₹12 or 10.8 per cent compared to the upper price band of ₹111 per share, according to sources tracking unofficial markets.
Indogulf Cropsciences IPO details
The Delhi-based agrochemical company aims to raise ₹200 crore through a public issue, which comprises a fresh share sale of ₹160 and an offer for sale (OFS) of up to 3.6 million shares worth ₹40 crore. Shares of Indogulf Cropsciences are scheduled to be listed on the bourses, NSE and BSE, on Thursday, July 3. Indogulf Cropsciences IPO was available at a price band of ₹105-111 per share
Systematix Corporate Services is the sole book-running lead manager.
According to the red herring prospectus (RHP), the company intends to utilise ₹65 crore from the net fresh issue proceeds for funding its working capital requirements and ₹34.12 crore for repayment or prepayment of certain outstanding borrowings. In addition, ₹14 crore will be used for setting up an in-house dry flowable (DF) plant at Barwasni, District Sonipat in Haryana. The remaining funds will be used for general corporate purposes.
About Indogulf Cropsciences
Incorporated in 1993, New Delhi-based Indogulf Cropsciences specialises in manufacturing crop protection products, plant nutrients, and biologicals in India. It manufactures Spiromesifen technical with 96.5 per cent purity and is one of the first indigenous manufacturers of Pyrazosulfuron Ethyl technical with 97 per cent purity in India. The company manufactures and markets an extensive range of crop protection products, plant nutrients, and biologicals in India.
Indogulf Cropsciences operates four manufacturing facilities including one in Samba (Jammu & Kashmir), two in Nathupur (Haryana) and one in Barswani, (Haryana). The company's diverse product portfolio caters to various crops, including cereals, pulses and oilseeds, fibre crops, plantations, and fruits and vegetables.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
12 minutes ago
- Business Standard
Mumbai realtor Lodha Developers plans to enter Delhi with ₹1,900 cr project
Lodha Developers Ltd., India's number two realtor by market value, is planning a residential project in and around New Delhi next year, in signs of an intensifying turf war as it enters industry leader DLF Ltd.'s stronghold. The Mumbai-based developer is considering rolling out a project with an investment of as much as ₹1,900 crore ($220 million) in the year starting April 2026, Prashant Bindal, the firm's chief sales officer said in an interview. The financial details are still being worked on and clarity will emerge closer to the actual launch, he added. The move shows a push among India's largest real estate firms to seek a national footprint as they tap into the growing demand for premium and luxury housing. DLF on Friday said that it has sold all apartments, for more than 23 billion rupees ($266 million), in the first phase of their maiden Mumbai project. In May, Prestige Estates Projects Ltd. completed three projects totaling 2.8 million square feet in Mumbai, marking the Bengaluru-based realtor's entry into the country's financial capital. 'Extraordinary growth is only achievable through expansion beyond their traditional local markets,' said Gulam Zia, senior executive director, Knight Frank India. 'The pressure from stakeholders to scale is prompting these companies to explore new geographies.' Homes priced above 10 million rupees made up for about half of all residential sales in India in the first half of this year, according to a report by consultant Knight Frank. Delhi National Capital Region led the race with 16,416 units sold, closely followed by Mumbai at 15,270 units. 'Intensifying Competition' The expansion into newer geographies 'is also intensifying competition for prime land parcels, skilled talent, and institutional capital across new geographies,' according to Arvind Nandan, managing director of research and consulting, Savills India. The real test for this cross-country expansion, however, will come when the market cycle turns, Zia said. 'Even the largest real estate developers have had to retreat from wider markets and refocus on their core geographies during downturns,' he said. The company has lined up about seven to eight launches this year across Mumbai, Pune and Bangalore, according to Bindal. 'We enter a city with the confidence that in next three years we will be in the top three players. That's our approach,' said Bindal.
Time of India
24 minutes ago
- Time of India
Home First Finance Company's net profit rises 35.47% in Q1 FY26
NEW DELHI: Home First Finance Company India has reported a growth of 35.47 per cent in its net consolidated profit during the quarter ended June 30, 2025. Its profit after tax stood at ₹118.89 crore in Q1 FY26 as against ₹87.76 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company's net consolidated total income stood at ₹455.26 crore in Q1 FY26, a growth of 33.38 per cent from ₹341.32 crore it recorded in the similar quarter last year. Assets under management (AUM) grew by 28.6% year-on-year to ₹13,479 crore, disbursements grew by seven per cent to 1,243 crore, ROA was 3.7%, gross non-performing assets (NPA) was at 1.8% and cost to income was 34.2%. ECL provision as on June 30, 2025 is ₹90 crore, resulting in total provision to loans outstanding ratio at 0.8% and the GNPA to total provision coverage ratio (PCR) is at 43.1% as of June 30, 2025 vs 46.6% as of March 31, 2025. Manoj Viswanathan , MD & CEO said, 'Q1 FY26 saw consistent business delivery with assets under management (AUM) growing to ₹13,479 crore, registering a growth of a 28.6% year-on-year and 6.0% quarter-on-quarter. The key highlight from the quarter was the successful QIP of ₹1,250 crore and a subsequent upgrade of our long-term credit rating to AA (Stable) by ICRA, IndRa and CARE. This capital infusion augments HomeFirst's capital base and further strengthens our ability to expand our footprint, deepen customer engagement, and deliver sustained value to all stakeholders. Q1FY26 Disbursements, at ₹1,243 Cr, was in line with expectations for Q1. We continue to expand our distribution reach; we added 3 new physical branches during the quarter taking the total branch count to 158." Total CRAR was at 49.6%. Tier I capital stands at 49.2% as on June 30, 2025. The company's net worth as on June 30, 2025 was at ₹3,855 crore. Total borrowings including debt securities are at ₹9,674 crore as on June 30, 2025. The company continues to carry a liquidity of ₹3,379 crore as of June 30, 2025. Cost of borrowings was at 8.4%.
Time of India
24 minutes ago
- Time of India
Mahindra Lifespaces posts net profit of ₹51.26 crore in Q1 FY26
NEW DELHI: Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development business of the Mahindra Group , has reported net consolidated profit after tax of ₹51.26 crore during the quarter ended June 30, 2025. It had registered profit after tax of ₹12.74 crore in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company's net consolidated total income stood at ₹40.61 crore in Q1 FY26, a dip of 80.25 per cent from ₹206.70 crore it recorded in the similar quarter last year. Amit Kumar Sinha , managing director & CEO of the company said, 'We started the year well with a successful Rights issue in Q1, that has further improved our Balance sheet. We are continuing BD momentum with GDV additions of Rs 3,500 crore. Our residential sales have been lower as we await certain approvals, however, we have several launches planned in the subsequent quarters. Our IC&IC business has been firing on all cylinders, clocking healthy leasing activity across Jaipur and Chennai.' During the quarter ended June 30, 2025, the company successfully completed a rights issue of 5,81,53,156 equity shares of face value of ₹10 each for a cash price at ₹257 per share, aggregating to ₹1,49,454 lakhs. The funds are being utilised for the repayment of the debt funding acquisition of land parcels and working capital. As on June 30, 2025, the company's net worth stood at ₹3,432.83 crore, debt-equity ratio was 0.19, current liability ratio was 0.94, total debts to total assets was 0.09, operating margin -172.10% and net profit margin was 160.34%. It consolidated sales stood at ₹569 crore, gross development value (GDV) additions in Q1 FY26 were at ₹3,500 crore as against ₹1,400 crore in Q1 FY25. It recorded residential pre-sales of ₹449 crore in Q1 FY26 as compared to ₹1,019 crore in Q1 FY25.
