Delhi-based Indogulf Cropsciences, a manufacturer of crop protection products, plant nutrients, and biologicals, has submitted its draft red herring prospectus (DRHP) to market regulator SEBI for an initial public offering (IPO).
The IPO, with a face value of ₹10 per equity share, consists of a fresh issue of up to ₹200 crore and an offer for sale of up to 3,854,840 equity shares by selling shareholders. The offering also includes a subscription reservation for eligible employees.
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