Crystal Crop Protection IPO: A company related to agriculture sector is going to enter the IPO market. The name of this 32 year old company is Crystal Crop Protection Limited. The launch of this IPO for retail investors is going to happen on 18th November. Let us know the details of the IPO.
IPO details
The IPO of Crystal Crop Protection Limited is worth Rs 456 crore and will open for retail investors from November 18 to 20. The price band for the IPO has been fixed at Rs 259 to Rs 272 per share. The IPO will be a mix of fresh shares worth up to Rs 355 crore and offer for sale (OFS) of shares worth up to Rs 101 crore.
Let us inform you that Crystal Crop Protection IPO allotment is expected to happen on 23rd November. The company will start giving refunds on November 25 to those who have not received shares. Those who have received shares, the shares will be credited to their demat account. These equity shares are expected to be listed on the stock market on BSE and NSE on November 26.
DAM Capital Advisors, IIFL Capital Services and Motilal Oswal Investment Advisors are the book-running lead managers to the issue. MUFG Intime India has been appointed as the registrar.
What will happen to the money?
The proceeds from the new shares will be used to repay debt incurred by the company and its subsidiary Sapphire Crop Science, fund strategic initiatives and meet general corporate needs.
32 year old company
Established in the year 1994, Crystal Crop Protection is a crop solutions providing company. Its product portfolio includes herbicides, fungicides and insecticides. The company also provides natural crop solutions, which include bio-stimulants, bio-protectants, plant growth regulators, liquid fertilizers and micronutrients.
Additionally, its seed portfolio includes seeds of field crops, vegetables and flowers. The company operates across the entire agricultural value chain and provides products and solutions that address crop protection and farming needs.
What is the financial situation?
Crystal Crop Protection had reported profit of Rs 135.7 crore on revenue of Rs 1,197.1 crore for the three months ending June 2026. Talking about the financial year ending March 2026, the company’s profit increased by 22.4 percent to Rs 144.9 crore. Talking about shareholding, promoter Ankur Aggarwal and his family members or companies held 84.92 percent stake in Crystal Crop Protection. Public shareholders held 10.35 percent shares. International Finance Corporation and its unit IFC Emerging Asia Fund held 8.29 percent stake in the company.
Source: www.livehindustan.com
