One of the leading firms “Indogulf Cropsciences Ltd” based in Delhi is going to launch an IPO as it got a green light from SEBI. This IPO considering a combination of fresh issues and OFS by Promoters. Moreover, a fresh issue worth 200 cr with a face value of Rs 10 each, and OFS has 3,854,840 Equity shares.
Systematix Corporate Services Limited is the exclusive book-running lead manager for the IPO, while Bigshare Services Private Limited serves as the offer’s registrar. Moreover, this offer has reserved a portion for eligible employees.
Promoters are exiting with selling some of the equity shares below the line.
The OFS includes up to 1,540,960 equity shares from Om Prakash Aggarwal (HUF) and up to 2,313,880 equity shares from Sanjay Aggarwal (HUF). Indogulf Cropsciences filed IPO documents to SEBI on September 25, 2024.
Indogulf Cropsciences Ltd’s IPO proceeds utilization is below the line
This company has several aims regarding IPO funds, which will be considered at a time. 100 crore would be for working capital needs, while 40 cores would be for loan repayments.
Moreover, Rs14 crore will be utilized for capital expenditure for making an in-house dry flowable (DF) plant in Barwasni, District Sonipat, Haryana, and the rest of the funds will go for general corporation purposes.
However, if pre-IPO placement occurs, then the fresh issue size will be smaller.
About Indogulf Crosciences Ltd
Indogulf Cropsciences Ltd is one of the top companies in terms of manufacturing crop protection products, plant nutrients, and biologicals in India. As of 2018, it was considered one of the famous indigenous manufacturers of Pyrazosulfuron Ethyl technical by offering 97% indigenously in India and commenced production in 2018.
As of 2019, this firm has manufactured spiromensifen technical focusing on 96.5% purity.
Further, Indogulf Cropsciences Ltd’s sales portion in 22 states and three union territories in India and 34 countries outside India as good sales and development focused were a major part of customer services and
We have a sales and dealer presence across 22 states and 3 Union Territories in India and over 34 countries outside India. Providing strong development and maximum sales foster their brand to be famous and maintain long and strong relationship with customers.
Indogulf Cropsciences IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
Indogulf Cropsciences Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2022 | ₹490.23 | ₹454.68 | ₹26.36 |
| 2023 | ₹552.19 | ₹522.04 | ₹22.42 |
| 2024 | ₹555.79 | ₹516.08 | ₹28.23 |
Indogulf Cropsciences IPO Valuation – FY2024
Indogulf Cropsciences IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹12.00 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 12.19% |
| Net Asset Value (NAV): | ₹97.98 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Aries Agro Ltd | 14.94 | 17.47 | 7.07 | 200.20 | 516.46 Cr. |
| Basant Agro Tech India Ltd | 0.43 | 44.58 | 2.27 | 19.22 | 404.75 Cr. |
| Best Agrolife Ltd | 44.94 | 12.23 | 16.42 | 273.64 | 1,873.32 Cr. |
| Bhagiradha Chemicals & Industries Ltd | 17.50 | 101.81 | 4.40 | 397.59 | 407.6485 Cr. |
| Heranba Industries Ltd | 8.72 | 35.34 | 4.04 | 213.19 | 1,257.07 Cr. |
| India Pesticides Ltd | 5.24 | 41.62 | 72.90 | 7.17 | 680.41 Cr. |
| Dharmaj Crop Guard Ltd | 13.13 | 18.02 | 12.35 | 106.33 | 654.10 Cr. |
Objects of the Issue
- Funding working capital requirements of our Company;
- Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by our Company;
- Capital expenditure of our Company for setting up an in-house dry flowable (DF) plant at Barwasni, Sonipat, Haryana; and
- General corporate purposes (collectively, the “Objects”).
IPO Lead Managers aka Merchant Bankers
- Systematix Corporate Services Limited
