Latest news with #SanjayAggarwal
Time of India
26-06-2025
- Business
- Time of India
Indogulf Cropsciences IPO subscribed 40% on Day 1 of offer
The initial public offer of Indogulf Cropsciences Ltd was subscribed by 40 per cent on the first day of bidding on Thursday. The initial share sale received bids for 53,77,320 shares, as against 1,33,65,710 shares on offer, as per NSE data. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Vietnam: New Container Houses (Prices May Surprise You) Container House | Search ads Search Now Undo The category for Retail Individual Investors (RIIs) received 69 per cent subscription, while the quota for non-institutional investors got subscribed by 27 per cent. The Qualified Institutional Buyers (QIBs) part received 5 per cent subscription. Indogulf Cropsciences on Wednesday said it has garnered over Rs 58 crore from anchor investors. The Rs 200-crore initial public offering ( IPO ) will conclude on June 30. The price band has been fixed at Rs 105-111 per share. Live Events The IPO is a mix of a fresh issue of equity shares worth Rs 160 crore and an offer-for-sale of up to 36.03 lakh shares by promoters Om Prakash Aggarwal (HUF) and Sanjay Aggarwal (HUF). The proceeds from the fresh issue to the tune of Rs 65 crore will be used for funding working capital requirements, Rs 34.12 crore for repayment of debt, Rs 14 crore for its capital expenditure and general corporate purposes. Indogulf Cropsciences, which began its operations in 1993, is engaged in the business of manufacturing crop protection products, plant nutrients and biologicals in India. The shares of the company will be listed on the BSE and NSE. Systematix Corporate Services is the sole book running lead manager, and Bigshare Services is the registrar of the issue.
Economic Times
23-06-2025
- Business
- Economic Times
Indogulf Cropsciences IPO to open on June 26; Price band set at Rs 105–111 per share
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Indogulf Cropsciences has announced that its initial public offering (IPO) will open for subscription on Thursday, June 26, and close on Monday, June 30. The price band for the offer is fixed at Rs 105 to Rs 111 per equity share, each with a face value of Rs can bid for a minimum of 135 equity shares and in multiples IPO comprises a fresh issue of equity shares worth Rs 160 crore and an offer for sale (OFS) of up to 36,03,603 shares—including 15,40,960 shares by Om Prakash Aggarwal (HUF) and 20,62,643 shares by Sanjay Aggarwal (HUF).Indogulf plans to utilise Rs 65 crore from the fresh issue proceeds to meet working capital requirements, Rs 34.12 crore to repay or prepay certain outstanding borrowings, and Rs 14 crore towards capital expenditure for setting up a dry flowable (DF) manufacturing plant at Barwasni in Haryana's Sonipat district. The remaining funds will be used for general corporate in 1993, Indogulf Cropsciences operates across three primary business segments: crop protection, plant nutrients, and biologicals. The company caters to both retail and institutional customers and focuses on enhancing agricultural productivity. It is among the first few indigenous manufacturers of Pyrazosulfuron Ethyl technical in India, with a minimum purity of 97%, and began production in 2018. The company is also recognised as a Two-Star Export House and has exported products to over 34 company's clientele includes major domestic names such as Krishi Rasayan Exports, Parijat Industries, BR Agrotech, and Crystal Crop Protection. Its suppliers include Coromandel International, GSP Crop Science, and Chinese firms such as Dagro Chemical and Hubei Benxing Supply Chain currently operates four manufacturing facilities located in Jammu & Kashmir and Haryana. It also has two subsidiaries—Indogulf Cropsciences Australia Pty Ltd in Sydney and Abhiprakash Globus Private Limited in a strong domestic and international presence, the company operates across 22 Indian states and 3 Union Territories, supported by 6,916 active distributors, 192 institutional business partners, 17 stock depots, 6 sales and branch offices, and 143 overseas business partners spread across over 34 the company reported a revenue of Rs 552.23 crore in FY24, marginally up from Rs 549.66 crore in FY23. Profit after tax rose by 25.91% to Rs 28.23 crore in FY24, up from Rs 22.42 crore the previous year. For the nine months ended December 31, 2024, revenue stood at Rs 464.19 crore, with a net profit of Rs 21.68 crore. Systematix Corporate Services Limited is acting as the sole book-running lead manager to the issue, while Bigshare Services Private Limited is the registrar. The IPO will be conducted through a book-building process, with up to 50% of the net offer reserved for qualified institutional buyers (QIBs), at least 15% for non-institutional investors, and a minimum of 35% for retail individual on the price band, the total issue size is estimated at Rs 197.84 crore at the lower end and Rs 200 crore at the upper end.: 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
23-06-2025
- Business
- Time of India
Indogulf Cropsciences IPO to open on June 26; Price band set at Rs 105–111 per share
Indogulf Cropsciences has announced that its initial public offering (IPO) will open for subscription on Thursday, June 26, and close on Monday, June 30. The price band for the offer is fixed at Rs 105 to Rs 111 per equity share, each with a face value of Rs 10. Investors can bid for a minimum of 135 equity shares and in multiples thereafter. The IPO comprises a fresh issue of equity shares worth Rs 160 crore and an offer for sale (OFS) of up to 36,03,603 shares—including 15,40,960 shares by Om Prakash Aggarwal (HUF) and 20,62,643 shares by Sanjay Aggarwal (HUF). Indogulf plans to utilise Rs 65 crore from the fresh issue proceeds to meet working capital requirements, Rs 34.12 crore to repay or prepay certain outstanding borrowings, and Rs 14 crore towards capital expenditure for setting up a dry flowable (DF) manufacturing plant at Barwasni in Haryana's Sonipat district. The remaining funds will be used for general corporate purposes. Established in 1993, Indogulf Cropsciences operates across three primary business segments: crop protection, plant nutrients, and biologicals. The company caters to both retail and institutional customers and focuses on enhancing agricultural productivity. It is among the first few indigenous manufacturers of Pyrazosulfuron Ethyl technical in India, with a minimum purity of 97%, and began production in 2018. The company is also recognised as a Two-Star Export House and has exported products to over 34 countries. The company's clientele includes major domestic names such as Krishi Rasayan Exports, Parijat Industries, BR Agrotech, and Crystal Crop Protection. Its suppliers include Coromandel International, GSP Crop Science, and Chinese firms such as Dagro Chemical and Hubei Benxing Supply Chain Management. Indogulf currently operates four manufacturing facilities located in Jammu & Kashmir and Haryana. It also has two subsidiaries—Indogulf Cropsciences Australia Pty Ltd in Sydney and Abhiprakash Globus Private Limited in Delhi. With a strong domestic and international presence, the company operates across 22 Indian states and 3 Union Territories, supported by 6,916 active distributors, 192 institutional business partners, 17 stock depots, 6 sales and branch offices, and 143 overseas business partners spread across over 34 countries. Financially, the company reported a revenue of Rs 552.23 crore in FY24, marginally up from Rs 549.66 crore in FY23. Profit after tax rose by 25.91% to Rs 28.23 crore in FY24, up from Rs 22.42 crore the previous year. For the nine months ended December 31, 2024, revenue stood at Rs 464.19 crore, with a net profit of Rs 21.68 crore. Systematix Corporate Services Limited is acting as the sole book-running lead manager to the issue, while Bigshare Services Private Limited is the registrar. The IPO will be conducted through a book-building process, with up to 50% of the net offer reserved for qualified institutional buyers (QIBs), at least 15% for non-institutional investors, and a minimum of 35% for retail individual investors. Based on the price band, the total issue size is estimated at Rs 197.84 crore at the lower end and Rs 200 crore at the upper end. ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
The Print
26-05-2025
- Business
- The Print
Emerald Finance Reports 246% YoY Surge in Q4 FY25 Net Profit
Mumbai (Maharashtra) [India], May 24: Emerald Finance Limited (BSE: EMERALD), is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, announced its Audited Financial Results for Q4 FY25 and FY25. Q4 FY25 Standalone Financial Highlights – Total Income of Rs 4.60 Cr, YoY growth of 127.45% – EBITDA of Rs 3.60 Cr, YoY growth of 195.44% – Net Profit of Rs 2.16 Cr, YoY growth of 246.21% – Net Profit Margin (%) of 47.03%, YoY growth of 1,613 Bps – EPS of Rs 0.63, YoY growth of 202.42% FY25 Standalone Financial Highlights – Total Income of Rs 13.47 Cr, YoY growth of 81.44% – EBITDA of Rs 10.82 Cr, YoY growth of 113.08% – Net Profit of Rs 6.44 Cr, YoY growth of 114.36% – Net Profit Margin (%) of 47.83%, YoY growth of 735 Bps – EPS of Rs 1.87, YoY growth of 87.16% Q4 FY25 Consolidated Financial Highlights – Total Income of Rs 6.50 Cr, YoY growth of 66.44% – EBITDA of Rs 4.53 Cr, YoY growth of 117.02% – Net Profit of Rs 2.65 Cr, YoY growth of 132.99% – Net Profit Margin (%) of 40.80%, YoY growth of 1,165 Bps – EPS of Rs 0.77, YoY growth of 103.45% FY25 Consolidated Financial Highlights – Total Income of Rs 21.63 Cr, YoY growth of 61.94% – EBITDA of Rs 15.07 Cr, YoY growth of 114.56% – Net Profit of Rs 8.89 Cr, YoY growth of 114.83% – Net Profit Margin (%) of 41.09%, YoY growth of 1,012 Bps – EPS of Rs 2.57, YoY growth of 87.40% Comment on Financial Performance Mr. Sanjay Aggarwal, Managing Director of Emerald Finance Limited said, 'FY25 was a year of strong progress for Emerald Finance, marked by robust financial performance and strategic momentum. The year concluded with a solid Q4, as income grew across interest and fee-based streams, and margins improved on the back of operational efficiency and disciplined cost control. We maintained a Zero NPA throughout the year, underscoring the strength of our credit underwriting and risk management practices. Our EWA platform gained significant traction in Q4, with 62 corporate clients signed during the financial year and onboarded by year-end. This reinforces the increasing relevance of our salary advance solution in today's dynamic workforce environment. We are well-positioned amid India's fintech transformation, driven by rising credit demand, financial inclusion, and digital adoption. Our strategy focuses on retail and MSME lending, digital innovation, and strong partnerships. We aim to scale our EWA platform, expand SME and invoice discounting services, and grow across 200+ cities, targeting 250 corporate partners by March 2026 with our digital-first approach. Backed by experienced leadership and investors, we remain committed to delivering scalable, inclusive financial solutions that meet India's evolving needs.' Q4 FY25 Key Business Highlights of Emerald Finance Limited Fund Raise – Allotted 24 secured, unlisted, unrated, redeemable non-convertible debentures at Rs5,00,000 each, aggregating to Rs1.20 Cr, on a private placement basis. – Allotted 7,65,090 equity shares at Rs131 each (face value Rs10, premium Rs121), increasing fully paid-up equity share capital from Rs33.78 Cr to Rs34.54 Cr. Investors include promoters, Saint Capital Fund (Mauritius), Mr. Rajesh Jain (Founding Partner, KPMG in India & Africa), and Mr. Vishnu Sultania (Advisor to the UN, among India's top 100 CFOs), reinforcing confidence in the company's growth and digital lending strategy. Added New Clients for Early-Wage Access program – Onboarded 20 corporates in Q4 FY25 for Early Wage Access, a salary advance solution that enables employees to access a portion of their earned salary throughout the month, with recovery via salary deduction. (ADVERTORIAL DISCLAIMER: The above press release has been provided by VMPL. ANI will not be responsible in any way for the content of the same) This story is auto-generated from a syndicated feed. ThePrint holds no responsibility for its content.
Indian Express
30-04-2025
- Indian Express
Respite for Pakistan nationals waiting on long-term visas to be processed
A note dated April 28 issued by the Foreigners Regional Registration Office (FRRO), Jodhpur (City), has come as a relief to Pakistani nationals who have either applied for long-term visas (LTV) or have LTVs with expired validity. According to the note, the Home Ministry has issued guidelines regarding the order for Pakistani citizens residing in India. They are: Pakistani citizens who have come to India and are currently residing here on LTV are not required to leave the country. For Pakistani citizens residing in Jodhpur city on LTV, if the validity of their LTV has expired, they are required to get it extended. They can get it done by visiting the FRRO in Jodhpur city. Pakistani citizens who have applied for LTV and whose cases are pending are not being deported. Pakistani nationals who are eligible for LTV application and have not submitted it so far should submit it along with valid documents as soon as possible and get their registration done at FRRO, Jodhpur City. Pakistani citizens whose passports have expired and who have not yet registered themselves anywhere should also submit their documents to the FRO of their area so that necessary guidelines can be obtained from the state government and the Home Ministry in their regard. FRRO, Jodhpur City, has launched a special campaign for registration of Pakistani citizens and to receive LTV applications so that all such applications can be disposed of quickly and relief can be provided to them. In the last three days, LTV applications of 362 Pakistani citizens have been accepted and registered, and this process is continuing. Sanjay Aggarwal, DGP Intelligence, Rajasthan, said, 'Those who have applied for LTV are exempt as the process to approve LTV takes time due to various background checks.'
