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Indogulf Cropsciences IPO allotment expected on July 1: Steps to check status online and other key details

Published on 01/07/2025 10:12 AM

Indogulf Cropsciences IPO allotment expected on July 1: Steps to check status online and other key detailsIndogulf Cropsciences IPO listing date has been tentatively fixed as July 3. The company’s shares will be listed on both the BSE and NSE.By CNBCTV18.com July 1, 2025, 10:12:53 AM IST (Published)3 Min ReadIndogulf Cropsciences Ltd is scheduled to finalise the allotment of shares for its ₹200-crore Initial Public Offering (IPO) on Tuesday, July 1.

Indogulf Cropsciences IPO's listing date has been tentatively fixed as July 3. The company’s shares will be listed on both the BSE and NSE.

The mainboard issue, which was open for subscription from June 26 to June 30, received an overwhelming response from investors. Indogulf Cropsciences IPO was overall subscribed nearly 26 times.

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According to the NSE data, the issue garnered bids for over 34.72 crore shares against more than 1.33 crore shares on offer.

Among the categories, non-institutional investors led the charge, subscribing to their allotted quota 48.39 times. Qualified institutional buyers (QIBs) followed with a subscription of 33.26 times, while retail investors subscribed 14.78 times to their portion.

Investors can check the IPO share allotment status on the websites of the NSE, BSE and the issue registrar, Bigshare Services.

How to check Indogulf Cropsciences IPO allotment status

IPO allotment status check via BSE:

1. Visit the BSE IPO allotment page: https://www.bseindia.com/static/investors/application_statuschecksystem.aspx

2. Select ‘Equity’ under issue type.

3. Choose ‘Indogulf Cropsciences’ from the dropdown list.

4. Enter your PAN or application number.

5. Click ‘Search’ to view allotment status.

Steps to check IPO allotment status via issue registrar, Bigshare Services:

1. Go to the IPO allotment page on Bigshare Services: https://www.bigshareonline.com/ipo_allotment.html .

2. Choose any of the servers from the three options.

3. Select ‘Indogulf Cropsciences’ from the dropdown list.

4. Enter your PAN, application number, or beneficiary ID.

5. Click on the ‘Search’ button to check your status.

Indogulf Cropsciences IPO allotment status can also be checked via the NSE website by using the PAN and Application Number.

After finalising the share allotment status, the company will transfer the shares to the Demat account of allottees on July 2. Refunds will also be processed for the unsuccessful bidders on the same day.

Indogulf Cropsciences IPO Details

The IPO of the agrochemicals producer comprised a fresh issue of 1.44 crore equity shares, worth ₹160 crore, and an offer-for-sale (OFS) of 36.03 lakh shares, aggregating to ₹40 crore.

The price band for the offer was fixed at ₹105–₹111 per share.

The net proceeds from the IPO will be utilised for working capital requirements, debt repayment, and the establishment of a new dry flowable manufacturing plant in Haryana.

About the Company

Founded in 1993, Indogulf Cropsciences is engaged in the production of crop protection chemicals, plant nutrients, and biologicals. The company has expanded its footprint globally, exporting to over 34 countries, highlighting its growing international presence.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsIPO