Mumbai, June 26 -- The initial public offer of Indogulf Cropsciences received bids for 53,77,320 shares as against 1,33,65,710 shares on offer, according to stock exchange data at 17:00 IST on Thursday (26 June 2025). The issue was subscribed 0.40 times.

The issue opened for bidding on 26 June 2025 and it will close on 30 June 2025. The price band of the IPO is fixed between Rs 105 and 111 per share. An investor can bid for a minimum of 135 equity shares and in multiples thereof.

The IPO comprises a fresh issue of up to 1.44 crore shares aggregating Rs 160 crore and an offer for sale of up to 36.03 lakh shares worth Rs 40 crore at the upper price band of Rs 111.

Proceeds will be used for working capital (Rs 65 crore), debt repayment (R...