Crystal Crop Protection Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | Not more than 50% of the Net Offer | — | ₹0 Cr |
| NII (HNI) | — | Not less than 15% of the Net Issue | — | ₹0 Cr |
| Retail | — | Not less than 35% of the Net Issue | — | ₹0 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 55 | ₹14,960 |
| Retail (Max) | 13 | 715 | ₹194,480 |
| S-HNI (Min) | 14 | 770 | ₹209,440 |
| B-HNI (Min) | 67 | 3,685 | ₹1,002,320 |
Financial Statements Amount in ₹ Crore
| Metric | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 1,996 | 2,732 | 2,272 |
| EBITDA | 333 | 315 | 209 |
| Profit After Tax | 154 | 118 | 87 |
| Net Worth | 1,749 | 1,600 | 1,488 |
| Total Assets | 3,859 | 3,543 | 2,542 |
| Total Borrowing | 1,205 | 947 | 577 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Repayment/pre-payment, in full or part, of certain borrowings availed by Company – 312.94
- 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 – 22.06
- Funding inorganic growth through unidentified acquisitions and strategic initiatives and general corporate purposes –
Company Overview
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