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Crystal Crop Protection IPO

Crystal Crop Protection IPO is a mainboard IPO scheduled to open for subscription on — and closed on —. The issue aggregates ₹600 Cr.

Price Band
TBA
GMP
Subscription
Listing

Overview

Crystal Crop Protection IPO is a mainboard IPO scheduled to open for subscription on — and closed on —. The issue aggregates ₹600 Cr.

IPO Details

Crystal Crop Protection IPO is a mainboard initial public offering scheduled to open for subscription on Both. The issue has a price band of TBA per equity share with a lot size of TBA shares, translating to a minimum retail investment of TBA.

The issue aggregates ₹600 Cr, and subscription dates are yet to be announced. Allotment is expected on and the equity shares are scheduled to list on .

Type
Mainboard
Status
upcoming
Price band
TBA
Face value
₹10 (typical)
Lot size
Min investment (Retail)
TBA
Issue size
₹600 Cr
Fresh issue
₹600 Cr
OFS
Exchange
Both
ISIN
TBA

Market Lot

Market lot details will be available once the price band and lot size are finalised in the Red Herring Prospectus.

IPO Reservation

Per SEBI guidelines, Crystal Crop Protection IPO reserves shares across investor categories as follows. Final allotment percentages may vary slightly based on the final issue document.

Category% ReservedNotes
QIB (Qualified Institutional Buyers)Not more than 50%Mutual funds, FIIs, banks, insurance
NII / HNI (Non-Institutional)Not less than 15%Bids ≥ ₹2 lakh
Retail (RII)Not less than 35%Bids up to ₹2 lakh

Important Dates

  1. Issue Open
    · Subscription opens
  2. Issue Close
    · Subscription closes
  3. Allotment
    · Basis of allotment finalised
  4. Refunds Initiated
    · Funds released for non-allottees
  5. Listing Date
    · Shares debut on the exchange

Grey Market Premium

Grey Market Premium for Crystal Crop Protection is yet to be tracked. We update GMP from multiple grey market sources during the subscription window. Bookmark this page and check IPO GMP Today for live updates.

Subscription Status

Crystal Crop Protection IPO subscription tracking will go live once the subscription window opens. Category-wise data (Retail / NII / QIB / Employee) will be available on IPO Subscription Status.

Allotment Status

Crystal Crop Protection IPO allotment will be finalised by the registrar (MUFG Intime India) on . Check your allotment status using your PAN, application number, or DP ID via our allotment status checker or directly on the registrar's website.

If allotment fails, the blocked funds via ASBA / UPI mandate are released back within 24-48 hours. Applying through multiple demat accounts in family members' names improves chances on oversubscribed IPOs.

About Crystal Crop Protection

Crystal Crop Protection Limited, founded in 1994, is a crop solutions company offering agrochemicals (insecticides, herbicides, fungicides, plant growth regulators) and field-crop + vegetable seeds across the Indian agricultural input value chain. The product portfolio spans both the protection segment (formulated agrochemical brands sold to farmers via distributor networks) and the nutrition / yield segment (hybrid seeds, biostimulants). Indian agrochemical companies have one of the strongest export-led structural growth stories in domestic chemicals. The global generic-agrochem industry shifted production to India through 2018-25 as China consolidated environmental regulations and patent expiries opened multi-billion-dollar global generic-formulation opportunities. Listed agrochem peers UPL, Sumitomo Chemical India, Bharat Rasayan and PI Industries have all benefited from this multi-year tailwind. Crystal Crop has been positioned in the mid-cap agrochem segment with a domestic-distribution-led revenue mix complemented by export-oriented production. The IPO targets a ₹600 crore fresh issue plus offer for sale (74,05,387 equity shares of selling shareholders). The fresh-issue tranche is structurally important — agrochem formulators need recurring capital for R&D, regulatory registrations (CIB, state-level licences, export registrations) and working capital for the seasonal rabi+kharif cycle.

Promoter & Holding Pattern

The promoter and promoter group hold the majority stake in Crystal Crop Protection prior to the IPO. Post-listing, this percentage will reduce as new equity shares are issued to the public. Detailed pre-IPO and post-IPO promoter holding data will be updated once the Red Herring Prospectus is finalised with SEBI.

Objects of the Issue

Crystal Crop Protection IPO proceeds will be utilised across the following objectives, as disclosed in the Red Herring Prospectus:

PurposeAmount (₹ Cr)% of Issue
Fresh issue ₹600 cr — likely working capital, debt reduction, capacity expansion, and R&D / regulatory registration spend (exact split per RHP)600
Offer for Sale by existing shareholders — 74,05,387 equity shares of face value ₹10

Financial Performance

Crystal Crop Protection's three-year financials — revenue, PAT, assets, net worth — will be displayed here based on audited numbers from the Red Herring Prospectus. Year-on-year growth, EBITDA margins, debt-to-equity progression, and RoNW together form the basis for valuation comparison.

Valuation Snapshot

Key valuation metrics for Crystal Crop Protection — RoE, RoCE, EBITDA margin, PAT margin, debt-to-equity, EPS, P/E ratio, RoNW, NAV — will be updated based on FY25 numbers from the Red Herring Prospectus.

Peer Comparison

Listed peers in the Agriculture sector with key valuation metrics:

CompanyEPS (₹)P/E RatioRoNW (%)NAV (₹)Income (₹ Cr)
UPL
PI Industries
Sumitomo Chemical India
Bharat Rasayan

Anchor Investors

Anchor investor bidding for Crystal Crop Protection typically opens one working day before the issue opens to the public. Anchor investors — mutual funds, FIIs, sovereign wealth funds, and insurance companies — collectively subscribe to a portion of the QIB segment. Their participation signals institutional confidence. Anchor list and total amount will be updated once SEBI publishes the anchor filing.

Lead Managers (Merchant Bankers)

  • IIFL Capital Services
  • DAM Capital Advisors
  • Motilal Oswal Investment Advisors

IPO Registrar

The registrar processes all bid applications, finalises the basis of allotment, manages refunds, and credits allotted shares to successful applicants' demat accounts.

Editorial Review

Crystal Crop Protection filed its DRHP with SEBI on 17 December 2025 targeting a ₹600 crore fresh issue plus a ~74 lakh-share offer for sale by existing shareholders. As of publication, price band, dates, anchor list and detailed RHP particulars are pending SEBI observations. Lead managers IIFL Capital, DAM Capital and Motilal Oswal signal full institutional book-build setup. The sector framing is favourable. Indian agrochem has been one of the strongest structural-tailwind categories of the past decade — China's environmental tightening, global generic-agrochem patent expiries, and the consolidation of unorganised Indian formulators into modern manufacturing have all supported listed peers UPL, PI Industries, Sumitomo India, and Bharat Rasayan through multi-year compounding. Crystal Crop's positioning as a mid-cap agrochem + seeds player puts it closer in scale to Bharat Rasayan than to UPL or PI Industries. The central question is valuation relative to peers. Mid-cap agrochem listings have priced in the 25-40x P/E range, with the higher end commanded by export-heavy revenue mixes (PI Industries-class) and the lower end by domestic-distribution-led names. Crystal Crop's RHP will need to disclose the export-share of revenue and the growth trajectory to position its multiple credibly. Neutral pre-RHP. For agrochem-category investors with multi-year horizons, Crystal Crop is a credible name with the right sectoral tailwind. Wait for the RHP, then compare anticipated P/E against Bharat Rasayan (~25-30x) and PI Industries (~35-45x). If pricing comes meaningfully below mid-tier peer multiples, subscribe-equivalent for the structural agrochem thesis; if at parity, neutral hold pending listed-quarter results.

How to Apply for Crystal Crop Protection IPO

  1. Open broker app — Zerodha, Upstox, Angel One, Groww, 5paisa, ICICI Direct, or any other SEBI-registered broker. Navigate to the IPO section.
  2. Select Crystal Crop Protection IPO during the bidding window ().
  3. Enter bid details — minimum TBA shares per lot. Retail investors are recommended to bid at cut-off price (upper band).
  4. Submit UPI ID linked to a SEBI-approved bank.
  5. Approve UPI mandate from your UPI app within the deadline. Bid amount is blocked, not debited.
  6. Await allotment on .
  7. Listing day — shares list on Both on .

Risk Factors

1. Monsoon and seasonal cropping risk — agrochem demand is seasonally concentrated in kharif (Jun-Sep) and rabi (Oct-Mar) cycles; deficient monsoon years compress demand simultaneously across both seasons. 2. Pricing-power compression vs distributor channel — Indian agrochem brands rely on multi-tier distributor margins for farmer reach; channel-mix shifts (direct-to-farmer apps, e-commerce) can compress margins. 3. Regulatory registration burden — every new molecule requires CIB approval, state-level registrations, and export-country licenses. R&D-to-revenue conversion timelines are 3-5 years. 4. Generic-pricing pressure in mature molecules — formulators competing on identical generic actives face commodity-style margin compression in mature segments. 5. Currency and import-input risk — technical-grade actives are largely imported; rupee depreciation and import-cost spikes compress gross margins. 6. Seed-segment biotech-regulation overhang — Indian seed regulators have periodically tightened HT/Bt approvals; biotech-restrictive policy environment caps the seed-segment upside. 7. RHP-disclosure pending — anchor list, financials, valuation KPIs, promoter holding are all not yet public. Sizing positions before RHP publication is speculative.

Crystal Crop Protection IPO — FAQs

What is Crystal Crop Protection IPO?
Crystal Crop Protection IPO is a mainboard initial public offering listing on Both. The issue opens on — and closes on — with a price band of TBA per share.
What is the Crystal Crop Protection IPO price band?
The price band for Crystal Crop Protection IPO is TBA per equity share of face value ₹10 (typical). Retail investors are recommended to bid at the upper band (cut-off price).
What is the Crystal Crop Protection IPO lot size?
The minimum lot size for Crystal Crop Protection IPO is TBA shares per application. Minimum retail investment at the upper price band works out to approximately TBA.
When is the Crystal Crop Protection IPO opening date?
Crystal Crop Protection IPO opens for subscription on — and closes on —.
When is the Crystal Crop Protection IPO allotment date?
Basis of allotment is expected on —. Check your status on MUFG Intime India's website using your PAN.
When is the Crystal Crop Protection IPO listing date?
Crystal Crop Protection shares are expected to list on Both on —.
What is the GMP of Crystal Crop Protection IPO?
GMP for Crystal Crop Protection is not currently tracked.
Who is the registrar of Crystal Crop Protection IPO?
MUFG Intime India is handling allotment, refunds, and dematerialisation for Crystal Crop Protection IPO.
How can I apply for Crystal Crop Protection IPO?
Apply via any SEBI-registered broker (Zerodha, Upstox, Angel One, Groww, 5paisa, ICICI Direct) during the open window. Use UPI mandate or ASBA for fund blocking. Bid at cut-off for retail category.
What is the minimum investment?
Minimum retail investment is approximately TBA (1 lot × TBA shares at upper band).
Should I apply for Crystal Crop Protection IPO?
Whether to apply depends on your goals, risk appetite, and the company's fundamentals. Review the RHP, compare valuation with peers, and consult a SEBI-registered advisor.
What happens if my allotment fails?
Bid amount blocked via UPI/ASBA is released back within 24-48 hours. Apply through multiple family demat accounts to improve odds on oversubscribed issues.

Information shown is for educational purposes and does not constitute investment advice. GMP values are unofficial estimates from informal grey market sources. Please read the offer document (Red Herring Prospectus) carefully before investing.

Data sourced from NSE, BSE, the issue's registrar, and public filings. BasicFintech is not affiliated with the issuing company, its underwriters, or the exchanges.

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