Today i.e. 30th June is the last day of Indo Gulf Crop Sciences IPO. In two days, this IPO has been subscribed only 98%. This IPO has been subscribed 158% in the retail category and 86% in the non-institutional investors (NII) category. The company’s shares will be listed on BSE and NSE on 3 July. Through this issue, the company wants to raise a total of ? 200 crore. The company will issue fresh shares worth Rs 40 crore in the issue. Along with this, the existing investors or promoters of the company will sell shares worth Rs 160 crore through Offer for Sale i.e. OFS. If you are also planning to invest money in this IPO, then we are telling you how much you can invest in it… How much minimum and maximum money can you invest? Indo Gulf Crop Sciences has fixed the price band of the IPO at ? 105 – ? 111. Retail investors can bid for a minimum of one lot i.e. 135 shares. If you apply for 1 lot as per the IPO’s upper price band of ?111, then you will have to invest ?14,985 for it. At the same time, retail investors can apply for a maximum of 13 lots i.e. 1,755 shares. For this, investors will have to invest ?1,94,805 as per the upper price band. 35% of the issue reserved for retail investors The company has reserved 50% of the IPO for Qualified Institutional Buyers (QIB). Apart from this, 35% is reserved for retail investors and the remaining 15% is reserved for non-institutional investors (NII). The company Indo Gulf CropSciences manufactures agrochemicals and biological products. Since 1993, it has been manufacturing agrochemicals, crop protection, plant nutrients and biological products. The company has a portfolio of over 400 products and, apart from India, it also exports to 34 countries. What is an IPO?
When a company issues its shares to the general public for the first time, it is called an Initial Public Offering or IPO. The company needs money to expand its business. In such a situation, instead of taking a loan from the market, the company raises money by selling some shares to the public or by issuing new shares. For this, the company brings an IPO.
