Latest news with #Indogulf
Economic Times
03-07-2025
- Business
- Economic Times
Indogulf Cropsciences IPO listing today. Check GMP ahead of debut
Shares of Indogulf Cropsciences are set to debut on the bourses on Thursday after the agrochemical company concluded a Rs 200-crore IPO that saw strong investor interest across categories. In the grey market, the stock is commanding a premium of Rs 17 over the issue price of Rs 111, suggesting a listing gain of over 15%. ADVERTISEMENT The IPO, which opened for subscription on June 26 and closed on June 30, comprised a fresh issue of 1.44 crore equity shares worth Rs 160 crore and an offer for sale of 36 lakh shares aggregating Rs 40 crore. Indogulf's offering was subscribed over 27 times, with robust demand from institutional and non-institutional investors. The QIB portion alone was subscribed more than 31 times, while the NII and retail categories were subscribed over 49 and 14 times respectively. Indogulf Cropsciences, incorporated in 1993, is a homegrown manufacturer of crop protection products, plant nutrients, and company operates four manufacturing facilities across Haryana and Jammu & Kashmir, and services a vast domestic and international distribution network. It boasts 5,772 distributors in India and 129 partners across 34 IPO proceeds will primarily be used to meet working capital needs, repay or prepay outstanding loans, and invest in a new dry flowable (DF) plant in Sonipat, Haryana. ADVERTISEMENT On the financial front, Indogulf reported a profit of Rs 28.23 crore in FY24 on revenues of Rs 555.79 crore. While growth was relatively stable over FY23 and FY24, the company's PAT margin stood at 5.11%, and ROE at 12.2%. Systematix Corporate Services was the book-running lead manager and Bigshare Services acted as the registrar to the issue. The equity shares will be listed on both BSE and NSE. ADVERTISEMENT With investor sentiment buoyant and a positive grey market premium of Rs 17, all eyes will be on how Indogulf performs on listing day. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
03-07-2025
- Business
- Time of India
Indogulf Cropsciences IPO listing today. Check GMP ahead of debut
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Indogulf Cropsciences are set to debut on the bourses on Thursday after the agrochemical company concluded a Rs 200-crore IPO that saw strong investor interest across categories. In the grey market, the stock is commanding a premium of Rs 17 over the issue price of Rs 111, suggesting a listing gain of over 15%.The IPO, which opened for subscription on June 26 and closed on June 30, comprised a fresh issue of 1.44 crore equity shares worth Rs 160 crore and an offer for sale of 36 lakh shares aggregating Rs 40 offering was subscribed over 27 times, with robust demand from institutional and non-institutional investors. The QIB portion alone was subscribed more than 31 times, while the NII and retail categories were subscribed over 49 and 14 times Cropsciences, incorporated in 1993, is a homegrown manufacturer of crop protection products, plant nutrients, and company operates four manufacturing facilities across Haryana and Jammu & Kashmir, and services a vast domestic and international distribution network. It boasts 5,772 distributors in India and 129 partners across 34 IPO proceeds will primarily be used to meet working capital needs, repay or prepay outstanding loans, and invest in a new dry flowable (DF) plant in Sonipat, the financial front, Indogulf reported a profit of Rs 28.23 crore in FY24 on revenues of Rs 555.79 crore. While growth was relatively stable over FY23 and FY24, the company's PAT margin stood at 5.11%, and ROE at 12.2%. Systematix Corporate Services was the book-running lead manager and Bigshare Services acted as the registrar to the issue. The equity shares will be listed on both BSE and investor sentiment buoyant and a positive grey market premium of Rs 17, all eyes will be on how Indogulf performs on listing day.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
27-06-2025
- Business
- Economic Times
Indogulf Cropsciences IPO subscribed 54% on Day 2; GMP slips to 7%
The initial public offering (IPO) of Indogulf Cropsciences was subscribed 54% by 10:45 am on the second day of bidding on Friday. ADVERTISEMENT The IPO received bids for 71,77,680 shares against the 1,33,65,710 shares on offer. Retail investors showed the highest interest, subscribing to 92% of their allotted quota. The non-institutional investor (NII) portion was subscribed 38%, while qualified institutional buyers (QIBs) subscribed 5%. In the grey market, Indogulf shares were quoting a premium of Rs 8–9, indicating an estimated upside of around 7% over the upper end of the price band. The grey market premium (GMP) has eased slightly from Rs 10–11 a day earlier, when it implied a 9% premium. Also Read: 73% down and still no bottom! Will Ola Electric break Rs 38 and slide to Rs 31?The issue is open for subscription until June 30, with allotment expected on July 1 and listing tentatively scheduled on both BSE and NSE on July IPO is priced in the range of Rs 105 to Rs 111 per share. Investors can apply for a minimum of one lot comprising 135 shares, amounting to Rs 14,985 at the upper price band. ADVERTISEMENT Also Read: Street Favourite! 10 Nifty micro-cap stocks analysts expect to rally up to 60% Systematix Corporate Services is the book-running lead manager for the IPO, with Bigshare Services acting as the registrar. The issue has received keen interest across investor categories, supported by the company's strong fundamentals and diversified business operations. ADVERTISEMENT Established in 1993, Indogulf Cropsciences is a well-known player in the agrochemical industry. The company manufactures crop protection products, plant nutrients, and biologicals and has a strong presence across 22 Indian states, 3 Union Territories, and exports to 34 robust infrastructure includes four manufacturing units in Haryana and Jammu & Kashmir, complemented by a large distribution network and 640 permanent employees. ADVERTISEMENT Financially, the company posted a revenue of Rs 555.79 crore in FY 2023–24 with a PAT of Rs 28.23 crore. It has demonstrated consistent performance with an EBITDA margin of over 10 percent and an ROE of 12.2%.The IPO proceeds will be used to fund working capital, repay debt, and establish a new dry flowable plant in Haryana. ADVERTISEMENT With its experienced promoters, strong R&D capabilities, and sectoral tailwinds from India's growing agri-input market, Indogulf Cropsciences IPO presents a promising investment opportunity for those seeking long-term value in the chemical and agri-tech space. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
26-06-2025
- Business
- Economic Times
Indogulf Cropsciences IPO subscribed 17% on Day 1: Check GMP, price band, and other key details
The initial public offering (IPO) of Indogulf Cropsciences was subscribed 17% by 12:15 pm on the first day of bidding on Thursday. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The initial public offering (IPO) of Indogulf Cropsciences was subscribed 17% by 12:15 pm on the first day of bidding on IPO received bids for 22,86,090 shares against the 1,33,65,710 shares on offer. Retail investors showed the highest interest, subscribing to 31% of their allotted quota. The non-institutional investor (NII) portion was subscribed 11%, while qualified institutional buyers (QIBs) were yet to the grey market, Indogulf shares were quoting a premium of Rs 10–11, suggesting an estimated upside of around 9% over the upper price band of the Read: Street Favourite! 10 Nifty micro-cap stocks analysts expect to rally up to 60% The issue is open for subscription until June 30, with allotment expected on July 1 and listing tentatively scheduled on both BSE and NSE on July IPO is priced in the range of Rs 105 to Rs 111 per share. Investors can apply for a minimum of one lot comprising 135 shares, amounting to Rs 14,985 at the upper price Read: HDB Financial Services IPO: Should you subscribe? Here's what brokerages say Systematix Corporate Services is the book-running lead manager for the IPO, with Bigshare Services acting as the registrar. The issue has received keen interest across investor categories, supported by the company's strong fundamentals and diversified business in 1993, Indogulf Cropsciences is a well-known player in the agrochemical industry. The company manufactures crop protection products, plant nutrients, and biologicals and has a strong presence across 22 Indian states, 3 Union Territories, and exports to 34 robust infrastructure includes four manufacturing units in Haryana and Jammu & Kashmir, complemented by a large distribution network and 640 permanent Read: These 10 multibagger penny stocks surged 200-570% in last 1 year. Do you own any? Financially, the company posted a revenue of Rs 555.79 crore in FY 2023–24 with a PAT of Rs 28.23 crore. It has demonstrated consistent performance with an EBITDA margin of over 10 percent and an ROE of 12.2%.The IPO proceeds will be used to fund working capital, repay debt, and establish a new dry flowable plant in its experienced promoters, strong R&D capabilities, and sectoral tailwinds from India's growing agri-input market, Indogulf Cropsciences IPO presents a promising investment opportunity for those seeking long-term value in the chemical and agri-tech space.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
26-06-2025
- Business
- Time of India
Indogulf Cropsciences IPO subscribed 17% on Day 1: Check GMP, price band, and other key details
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The initial public offering (IPO) of Indogulf Cropsciences was subscribed 17% by 12:15 pm on the first day of bidding on IPO received bids for 22,86,090 shares against the 1,33,65,710 shares on offer. Retail investors showed the highest interest, subscribing to 31% of their allotted quota. The non-institutional investor (NII) portion was subscribed 11%, while qualified institutional buyers (QIBs) were yet to the grey market, Indogulf shares were quoting a premium of Rs 10–11, suggesting an estimated upside of around 9% over the upper price band of the Read: Street Favourite! 10 Nifty micro-cap stocks analysts expect to rally up to 60% The issue is open for subscription until June 30, with allotment expected on July 1 and listing tentatively scheduled on both BSE and NSE on July IPO is priced in the range of Rs 105 to Rs 111 per share. Investors can apply for a minimum of one lot comprising 135 shares, amounting to Rs 14,985 at the upper price Read: HDB Financial Services IPO: Should you subscribe? Here's what brokerages say Systematix Corporate Services is the book-running lead manager for the IPO, with Bigshare Services acting as the registrar. The issue has received keen interest across investor categories, supported by the company's strong fundamentals and diversified business in 1993, Indogulf Cropsciences is a well-known player in the agrochemical industry. The company manufactures crop protection products, plant nutrients, and biologicals and has a strong presence across 22 Indian states, 3 Union Territories, and exports to 34 robust infrastructure includes four manufacturing units in Haryana and Jammu & Kashmir, complemented by a large distribution network and 640 permanent Read: These 10 multibagger penny stocks surged 200-570% in last 1 year. Do you own any? Financially, the company posted a revenue of Rs 555.79 crore in FY 2023–24 with a PAT of Rs 28.23 crore. It has demonstrated consistent performance with an EBITDA margin of over 10 percent and an ROE of 12.2%.The IPO proceeds will be used to fund working capital, repay debt, and establish a new dry flowable plant in its experienced promoters, strong R&D capabilities, and sectoral tailwinds from India's growing agri-input market, Indogulf Cropsciences IPO presents a promising investment opportunity for those seeking long-term value in the chemical and agri-tech space.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
