Retail investors bid aggressively, subscribing their portion 14.97 times, while qualified institutional buyers (QIBs) came in heavy at 31.73 times. The non-institutional investor (NII) segment witnessed 49.06 times subscription.
The Rs 200 crore offer was a combination of a fresh issue worth Rs 160 crore and an offer for sale (OFS) of ₹40 crore. The company had fixed the price band at Rs 105–111 per equity share. On the allotment day, the GMP for the issue is around Rs 12, indicating a premium of 11% over the issue price.
Investors looking to check their allotment status can do so via the registrar’s website or the official portals of BSE and NSE.
Allotment details are available at Bigshare Services
Visit: https://ipo.bigshareonline.com/ipo_status.html
Select “Indogulf Cropsciences Limited” from the dropdown
Enter your PAN / Application Number / DP Client ID
One can also check via the BSE (https://www.bseindia.com/investors/appli_check.aspx)
Select “Equity”
Choose “Indogulf Cropsciences Ltd”
Enter Application Number / PAN
Click Search
For those allotted shares, the equity will be credited to their demat accounts by July 2. Refunds for unsuccessful applicants are also expected to be processed on the same day.
Indogulf Cropsciences, a crop protection and plant nutrition company, will use the net proceeds from the fresh issue to fund working capital needs, reduce debt, and invest in setting up a dry flowable plant at its Barwasni facility in Haryana.
The company operates four manufacturing units and has a distribution presence across 22 Indian states and 34 countries globally.
