Crystal Crop Protection Files for ₹6,000 Crore IPO; Proceeds Aimed at Debt Reduction and Expansion

India’s Crystal Crop Protection Ltd, a leading player in crop protection and agricultural solutions, has kicked off its listing journey by submitting draft red herring prospectus (DRHP) with the markets regulator for an IPO expected to raise up to ₹6,000 crore through a combination of fresh equity and secondary share sale.

The proceeds from the fresh issue will primarily be used to strengthen the company’s balance sheet by repaying debt, invest in subsidiaries, and pursue strategic acquisitions that enhance market presence and product innovation.

Key Highlights:

IPO Structure: Fresh issue worth up to ₹6,000 crore and an offer for sale of up to 7.4 million shares by existing shareholders.

Bookrunning Lead Managers: IIFL Capital, DAM Capital Advisors, and Motilal Oswal Investment Advisors.

Use of Proceeds: Debt reduction, subsidiary investments, and acquisition opportunities.

Industry Focus: Agrochemicals, crop protection, and seeds segment in India’s fast-growing agri-input sector.

Source: DRHP filing with SEBI; company announcement reported by financial news agencies.