Crystal Crop Protection IPO
Market Sentiment
IPO Details
Financial Analysis
Financial Data
Financial Performance
| Metric | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 | 30 Sep 2025 |
|---|---|---|---|---|
| Revenue | 2,532.89 | 2,271.71 | 2,731.94 | 1,995.86 |
| Profit (PAT) | 76.60 | 87.24 | 118.39 | 153.51 |
| Total Assets | 2,472.07 | 2,541.92 | 3,542.90 | 3,859.23 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV |
|---|---|---|---|---|
| Dhanuka Agritech Ltd. | 65.55 | 19.09 | 21.18 | 310.96 |
| Bayer CropScience Ltd. | 126.38 | 35.58 | 19.93 | 634.24 |
| Kaveri Seeds Company Ltd. | 55.10 | 17.75 | 18.83 | 290.42 |
Strengths & Risks
- Healthy grey-market premium — +17% over the issue price.
- Revenue grew 20% in the latest reported year.
- Mostly fresh capital — proceeds fund the company's growth, not an exit.
- Grey-market premium is slipping during the bidding window.
From this issue's live data. Not investment advice — read the RHP.
Company Information
Crystal Crop Protection at a glance
From the company's description: “Crystal Crop Protection is a crop solutions company that provides a wide range of agrochemicals and seeds.”
Crystal Crop Protection is raising ₹456 crore through an IPO on the BSE and NSE mainboard in the Agro sector. Of that, ₹439 crore is a fresh issue — new shares, with the money going to the company — and ₹161 crore is an offer for sale by existing shareholders, who keep those proceeds; 73% of the issue therefore reaches the business. Main stated uses of the fresh money: Repayment/pre-payment, in full or part, of certain borrowings availed by our Company (₹423 crore) and Science Private Limited for repayment/ pre-payment, in full or in part, of all or a portion of certain of its outstanding borrowin… (₹42.7 crore).
Debt stands at 0.65 times equity.
Written from the issue's offer-document figures shown on this page. Not investment advice.
Company Contact Information
206, 2nd Floor, Span Trade Centre Opp. Kochrab, Gandhi Ashram, Near Paldi Char Rasta, Ashram Road Ellisbridge, Ahmedabad, Gujarat, 380006
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Repayment/pre-payment, in full or part, of certain borrowings availed by our Company | 422.86 |
| Science Private Limited for repayment/ pre-payment, in full or in part, of all or a portion of certain of its outstanding borrowings | 42.70 |
| Funding inorganic growth through unidentified acquisitions and strategic initiatives and general corporate purposes | - |
Resources & Documents
IPO Documents
Draft Red Herring ProspectusCrystal Crop Protection IPO - Quick Take
Crystal Crop Protection has set a price band of Rs 259–Rs 272 per share for an issue size of Rs 456 crore in the agro sector. The Mainboard issue is scheduled to open for subscription on November 18, 2026 — 5 days from now.
The company operates in the agro space.
The issue is promoted by Ankur Aggarwal, Nand Kishore Aggarwal, Komal Aggarwal and Ankur Aggarwal KNK Family Trust. with Dam Capital Advisors Ltd, IIFL Capital Services Ltd, Motilal Oswal Investment Advisors Ltd acting as lead manager. Net proceeds will primarily be used towards repayment/pre-payment, in full or part, of certain borrowings availed by our Company (Rs 423 crore) and science Private Limited for repayment/ pre-payment, in full or in part, of all or a portion of certain of its outstandin… (Rs 43 crore).
On fundamentals, the company is posting revenue growth of 20.3%, a profit margin of 4.3%, return on equity of 8.3% in its most recent reported period. Listed peers in this segment include Dhanuka Agritech Ltd. (P/E 19.09x) and Bayer CropScience Ltd. (P/E 35.58x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
On our data-signal score, the combined signals for this issue currently read strong — the composite picture tilts positive, though not without some caveats. This is a summary of public data, not a recommendation to apply or skip. All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
Crystal Crop Protection IPO: Lead Manager & Registrar Track Record
How the firms running this issue and its registrar have fared on the other IPOs we track. Each firm's figures leave out Crystal Crop Protection itself, so they describe what came before it.
- 71% of 114 listings opened above the issue price; median listing-day move +6.8%.
- Average listing-day move across all 114 Mainboard listings we track: +13.6%.
| Firm | Other IPOs | Listed at / above issue | Avg move | Median |
|---|---|---|---|---|
| Dam Capital Advisors Ltd Lead manager | 6 6 MB · 0 SME | 67% 4 of 6 | +17.5% | +9.4% |
| IIFL Capital Services Ltd Lead manager | 29 29 MB · 0 SME | 73% 19 of 26 | +10.2% | +4.4% |
| Motilal Oswal Investment Advisors Ltd Lead manager | 20 20 MB · 0 SME | 85% 17 of 20 | +11.1% | +6.8% |
| MUFG Intime India Pvt Ltd Registrar | 65 43 MB · 22 SME | 75% 47 of 63 | Check allotment → | |
Recent listings managed by Dam Capital Advisors Ltd (5)
Best: ESDS Software +76.5% · Weakest: Prasol Chemicals −9.6%
| IPO | Listed | Listing-day move |
|---|---|---|
| Jio Platforms | 28 Oct 2026 | +21.4% |
| NSE | 24 Sep 2026 | +0.8% |
| Hero Motors | 23 Sep 2026 | −2.3% |
| Prasol Chemicals | 16 Sep 2026 | −9.6% |
| ESDS Software | 04 Sep 2026 | +76.5% |
Recent listings managed by IIFL Capital Services Ltd (5)
Best: Tonbo Imaging +66% · Weakest: Amagi Media Labs −12.2%
| IPO | Listed | Listing-day move |
|---|---|---|
| SFC Environmental | 03 Nov 2026 | +7.6% |
| Jio Platforms | 28 Oct 2026 | +21.4% |
| Tonbo Imaging | 23 Oct 2026 | +66% |
| Fusion CX | 22 Oct 2026 | +5.5% |
| HD Fire Protect | 21 Oct 2026 | +23.6% |
Recent listings managed by Motilal Oswal Investment Advisors Ltd (5)
Best: CMR Green Technologies +43.4% · Weakest: Waterways Leisure Tourism −15.7%
| IPO | Listed | Listing-day move |
|---|---|---|
| EAAA India Alternatives | 02 Nov 2026 | +0.6% |
| Sahajanand Medical | 23 Oct 2026 | +7.9% |
| Fusion CX | 22 Oct 2026 | +5.5% |
| NSE | 24 Sep 2026 | +0.8% |
| Manipal Payment | 17 Sep 2026 | −2.1% |
A SEBI-registered merchant banker that runs the issue: due diligence, drafting the offer document, setting the price band with the company, and marketing the IPO to investors.
Finalises the basis of allotment, credits shares to demat accounts, releases blocked funds for unsuccessful bids and handles investor queries about the issue.
Listing-day move = exchange opening price vs issue price (band ceiling where the final price isn't recorded). Counts cover IPOs we track only. Past listings don't predict this one; this is not investment advice.
Frequently Asked Questions
Crystal Crop Protection IPO GMP — What It Means
How much weight does a GMP like this carry? Of the 26 Mainboard IPOs we have tracked with a final GMP between 10% and 25%, 23 listed above the issue price, and the typical gap between the GMP-implied and the actual listing gain was 4.7 points. Read it as a guide to direction, not a price target — and alongside subscription demand and the company's fundamentals.
See the full Crystal Crop Protection GMP history and trend, or learn how grey market premium works and how reliable it is.
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