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Crystal Crop Protection Ltd
Upcoming NSE & BSE Bookbuilding IPO

Crystal Crop Protection Ltd IPO

GMP Today
+₹40
+14%
Issue Price
₹272
Est. Listing: ₹312
IPO Overview
Quick facts
Issue Price
₹272
Lot Size
55 shares
Min. Investment
₹14,960
Issue Size
1,67,54,274 shares (agg. up to ₹455 Cr)
Face Value
₹10
Issue Type
Bookbuilding IPO
Listing Exchange
NSE & BSE
Script Code
—
Important Dates
IPO Open
18 Nov 2026
IPO Close
20 Nov 2026
Allotment
23 Nov 2026
Refund Init.
25 Nov 2026
Demat Credit
25 Nov 2026
Listing Date
26 Nov 2026
Subscription Allocation
Category Shares Offered Lots Amount (₹)
QIB (Qualified Institutional) Not more than 50% of the Net Offer — ₹—
NII / HNI (Non-Institutional) Not less than 15% of the Net Issue 14 ₹2,09,440
Retail (Individual) Not less than 35% of the Net Issue 1 ₹14,960
Fresh Issue 1,30,51,580 shares (agg. up to ₹354 Cr) — ₹—
OFS (Offer for Sale) 37,02,694 shares of ₹10 (agg. up to ₹100 Cr) — ₹—
Minimum Application Size
Investor Type Lots Shares Amount (₹)
Retail (Min 1 Lot) 1 55 ₹14,960
HNI — sHNI 14 770 ₹2,09,440
HNI — bHNI 67 3685 ₹10,02,320
Subscription Status
Metric QIB NII Retail Total
Shares Not more than 50% of the Net Offer Not less than 15% of the Net Issue Not less than 35% of the Net Issue -
Financial Highlights

Amount in ₹ Crore

Metric 30 Sep 2025 31 Mar 2025 31 Mar 2024
Revenue 199527312271
PAT 15311887
EBITDA 333315209
Net Worth 174816001488
Total Assets 385935422541
Borrowings 1205947577
ROE
8
ROCE
16
RONW
7
PAT Margin
4
EBITDA Mgn
11
D/E Ratio
0
P/B Value
2
Pre EPS
8
Post EPS
20
Pre P/E
30
Post P/E
13
Objects of Issue
  • Repayment/pre-payment, in full or part, of certain borrowings availed by Company
  • Investment in Material Subsidiary namely Saffire Crop Science Private Limited for repayment/ pre-payment, in full or in part, of all or a portion of certain of its outstanding borrowings
  • Funding inorganic growth through unidentified acquisitions and strategic initiatives and general corporate purposes
About Crystal Crop Protection Ltd

Crystal Crop Protection is a crop solutions company with agrochemicals and seeds as its core offerings. Its portfolio includes crop protection products such as herbicides, fungicides and insecticides, along with natural crop solutions like bio-stimulants, bio-protectants, plant growth regulators, liquid fertilizers and micronutrients. It also offer seeds for field crops, vegetable crops and flowers.

Its products are designed specifically for Indian farmers and are supported by strong in-house research and development, as well as collaborations with multinational companies. The company follows a fully integrated business model that combines R&D, seed breeding, backward-integrated and technology-enabled manufacturing, and a pan-India distribution network, with a strong focus on farmers’ needs.

The company offers over 174 crop protection product brands in various pack sizes, including farmer-friendly packs. Its branded crop protection business has grown faster and the company also export formulations and technicals to several countries including Bangladesh, Nepal and parts of Africa and Asia.

In seeds, it has a diversified portfolio covering cotton, cereals, oilseeds, fodder crops, vegetables and flowers, with sales across India and exports to countries such as Japan, the USA and Thailand.

The company operates multiple manufacturing facilities for formulations, technicals and seed processing across Haryana, Gujarat, Jammu & Kashmir, Maharashtra, Telangana and Karnataka. It has R&D centre in Sonipat, Haryana. As of Sep 30, 2025, its formulation manufacturing units had combined installed capacity of 75,962.00 MT and technicals manufacturing facilities aggregate installed capacity stood at 3,456 MT.

The business has a strong pan-India network of over 13,000 distributors and 36 distribution centers.

Competitive strengths

  • Strong R&D capabilities backed by advanced technology infrastructure and collaborations
  • A deep connect with Indian farmers resulting in strong brand equity
  • Operational excellence with focus on our multi-pronged go-to-market strategy
  • Vertically integrated manufacturing operations backed by robust R&D capabilities and strong supply chain
  • Strategic acquisitions and successful integration of growth opportunities
  • Diversification across business verticals, geographies, product categories and crops
Apply for This IPO
₹272
Min. ₹14,960 · 55 shares/lot
Expected Listing ₹312
GMP +₹40 (+14%)
Close Date 20 Nov 2026
Pre-Issue
13,45,69,911 shares
Post-Issue
14,76,30,794 shares
Company Contact
Registrar
MUFG Intime India Pvt.Ltd
  • 022-49186000
  • crystalcrop.ipo@in.mpms.mufg.com
Lead Managers
  • IIFL Capital Services Ltd
  • Dam Capital Advisors Ltd
  • Motilal Oswal Investment Advisors Ltd.
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