Indogulf Cropsciences Sets IPO Price Range at Rs 105-111

Indogulf Cropsciences has announced a price band of Rs 105-111 per equity share for its upcoming Rs 200 crore IPO. The IPO comprises a mix of fresh equity shares and shares from promoters. Proceeds will fund working capital, debt repayment, and other corporate needs.

Indogulf Cropsciences, a prominent manufacturer of crop protection products, announced on Monday the price range for its forthcoming Initial Public Offering (IPO) set between Rs 105 and Rs 111 per equity share.

The IPO, seeking to raise Rs 200 crore, will run from June 26-30, with anchor investor bidding opening a day earlier on June 25. Investors may place bids for a minimum of 135 shares and multiples thereafter.

The IPO includes a fresh issue of shares worth Rs 160 crore and a sale offer from promoters Om Prakash Aggarwal (HUF) and Sanjay Aggarwal (HUF). Proceeds earmarked for working capital, debt repayment, capital expenditure, and corporate purposes aim to steer the company's future growth.

(With inputs from agencies.)