Crystal Crop Protection, a crop solutions company backed by IFC (World Bank arm), has filed IPO papers with SEBI. IPO at a glance • Fresh issue: ₹600 crore • Pre-IPO placement: ₹120 crore (part of fresh issue) • Offer for Sale (OFS): 74.05 lakh shares by promoters & IFC • Main use of money: - Debt reduction: ~₹465.5 crore - Expansion, acquisitions & general purposes About the company • Founded in 1994 • Business: Agrochemicals & seeds • Competes with: Rallis, Bayer, Dhanuka, Kaveri Seeds • Manufacturing units across Haryana, Gujarat, J&K, Maharashtra • Expansion planned in Jhagadia, Gujarat Financial snapshot • Profit (H1 FY26): ₹153.5 crore • Revenue (H1 FY26): ₹1,978 crore • FY25 profit growth: +35.7% • Borrowings (Sept 2025): ₹1,205 crore Advantages of this IPO • Strong profit & revenue growth • Debt reduction will improve balance sheet • Backed by IFC, adds credibility • Operates in essential agriculture sector • Capacity expansion supports future growth Risks to consider • High existing debt (even after reduction) • Agriculture business depends on monsoons & regulations • Strong competition from large listed players • IPO valuation (yet to be known) matters a lot Note: Crystal Crop Protection IPO looks fundamentally strong with good growth and debt reduction plans. Good for long-term investors, but valuation and sector risks should be carefully checked before investing.

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