Archive · 3 Jul 2025
Indogulf Cropsciences IPO Lists at ₹111 on BSE, NSE
Indogulf Cropsciences, a company that makes products for farmers, recently offered shares to the public (an IPO).
These shares started being traded on the stock market today.
The shares were initially sold for ₹111 each.
Before trading, it was predicted they might sell for more.
People were very interested in buying the shares; the demand was much higher than the number of shares available.
The company will use the money raised to expand and invest in new facilities.
The shares are now available for anyone to buy and sell.
Indogulf Cropsciences' IPO listed on BSE and NSE at the issue price of ₹111.
The IPO opened for subscription from June 26 to June 30.
The IPO raised ₹200 crore through a book-built issue with a price band of ₹105-₹111 per share.
The IPO was oversubscribed 27.17 times.
The company manufactures crop protection products and plant nutrients.
- Who
- Indogulf Cropsciences, a crop protection products manufacturer, launched the IPO.
- What
- Indogulf Cropsciences' IPO was listed on the BSE and NSE.
- When
- The IPO listing occurred on July 3, after the subscription period from June 26 to June 30.
- Where
- The shares listed on the BSE and NSE.
- Why
- To allow public trading and raise capital for the company.
Market Expectations
Actual Market Performance
Listing Price vs. Anticipation
Market Expectations
Grey market premiums (GMP) suggested a potential listing price higher than the IPO price.
Actual Market Performance
The shares listed at the IPO price of ₹111, making a flat debut.
- Company
- Indogulf Cropsciences
- IPO Listing Date
- July 3
- Exchanges
- BSE and NSE
- Issue Price
- ₹111 per share
- Subscription
- 27.17 times overall
- IPO Size
- ₹200 crore
- Business
- Crop Protection Products
