Indogulf Cropsciences IPO: Crop Safety Products Company Indogalf Cropsciences has fixed a price scope of Rs 105-111 per share for its initial public issue (IPO) of its Rs 200 crore. The company said in a statement on Monday that the IPO will open on 26 June and will conclude on 30 June. Big (anchor) investors will be able to bid on 25 June.Also Read: The IPO of HDB Financial Services will open on June 25, know why investors are waiting for it?
This is the first IPO of Indogalf Cropsinsians. According to IPO documents, it is a combination of new shares of Rs 160 crore and sales offer of 36.03 lakh shares. Out of this, 65 crore rupees will be used for funding of working capital requirements, Rs 34.12 crore loan payment, Rs 14 crore for capital expenditure and general corporate work. Indogalf Cropsinsage started its operations in 1993. In India, this crop is working to make safety products, plant nutrients and organic materials. (Language)ALSO READ: Hero Fincorp will bring 3,668 crore IPO, what is special in this?
Edited by: Ravindra Gupta
