Indogulf Cropsciences IPO subscribed 26 times on Final Day
The Initial Public Offering of Indogulf Cropsciences Limited was subscribed 25.98 times on the final day of bidding. The issue received bids of 34,72,66,170 shares against the offered 1,33,65,710 equity shares, at a price band of ₹105-111, according to the data available on the stock exchanges. Non-Institutional Investors Portion and Qualified Institutional Buyer Portion and were subscribed 48.39 times and 33.26 times respectively, whereas Retail Portion and Employee Portion was subscribed 14.78 times and 1.09 times respectively . Systematix Corporate Services Limited is the sole book-running lead manager, and Bigshare Services Private Limited is the registrar of the issue. Company Information Indogulf Cropsciences commenced its operations in 1993 and primarily operate under three business verticals namely crop protection, plant nutrients and biologicals, to retail and institutional customers focused on improving the crop yield. It is engaged in the business of manuf...