Indogulf Cropsciences Lists on Stock Market with Mild Losses. Indogulf Cropsciences, a company that makes crop protection products, made its stock market debut on July 3. The listing was muted, with the stock closing slightly lower than its issue price. • Listing Price: Opened flat at ₹111 (same as issue price) • Closing Price (NSE): ₹110.35 (down 0.59%) • Closing Price (BSE): ₹110.8 (down 0.18%) • Market Cap: ₹700 crore • Trading Volume: Over 52 lakh shares on NSE and 8.19 lakh shares on BSE IPO Details: • Total IPO Size: ₹200 crore - ₹160 crore: Fresh issue - ₹40 crore: Offer-for-sale by promoters • Purpose of Funds: - To set up a new dry flowable (DF) plant in Barwasni, Haryana - For working capital, debt repayment, and general corporate use About the Company: • Founded: 1993, based in New Delhi • Business: Makes crop protection chemicals, plant nutrients, and biologicals • Products Used For: Crops like cereals, pulses, oilseeds, fruits, and vegetables • Peers in Market: Aries Agro, Heranba Industries, Best Agrolife, India Pesticides, Dharmaj Crop Guard Summary: Despite a slow market debut, Indogulf Cropsciences enters the market with a ₹700 crore valuation. The company plans to use the funds to expand operations and reduce debt, positioning itself for long-term growth in India’s agriculture sector.

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