Indogulf Cropsciences IPO subscribed 54% on Day 2; GMP slips to 7%



Indogulf Cropsciences IPO subscribed 54% by Day 2; retail portion at 92%.
GMP stands at Rs 8–9, implying ~7% upside over issue price.
IPO funds to be used for working capital, debt repayment, and new plant.
Strong presence in 22 states, exports to 34 countries; FY24 revenue Rs 555.8 crore.

Comments