Indogulf Cropsciences IPO: Allotment Results, Listing Hype, and GMP Surges—What’s Next?

The much-anticipated Indogulf Cropsciences IPO allotment is being finalized today, July 1, 2025, after the agrochemical company’s ₹200 crore issue drew robust investor interest across all categories. The IPO, which opened on June 26 and closed on June 30, saw the overall subscription soar to over 25 times, with non-institutional investors bidding 48–49 times, QIBs 31–33 times, and retail investors nearly 15 times the shares reserved for them.

 

Key Highlights:

 

Allotment Status: Investors can check their allotment status today via the registrar Bigshare Services, or on the official NSE and BSE portals using their PAN, application number, or DP ID.

 

Grey Market Premium (GMP): The IPO is commanding a healthy GMP of ₹10–12 per share, signaling an expected listing premium of around 11% over the upper issue price of ₹111.

 

Listing Date: Shares will be credited to successful applicants’ demat accounts by July 2, with listing scheduled on both NSE and BSE at 10 am on Thursday, July 3.

 

IPO Structure: The ₹200 crore offer comprised a fresh issue of ₹160 crore and an offer for sale of ₹40 crore, with a price band of ₹105–111 per share and a lot size of 135 shares.

 

Utilization of Funds: Proceeds will be used for working capital, debt reduction, and setting up a new manufacturing plant.

 

Company Profile: Indogulf Cropsciences is a leading player in crop protection, plant nutrients, and biologicals, serving both retail and institutional clients.

 

With strong oversubscription and a positive GMP, market participants are watching closely for a strong debut later this week.

 

Sources: Business Standard, Economic Times, Upstox