Crystal Crop Protection IPO is a Mainboard Book Built public issue by Crystal Crop Protection Limited. The public issue comprises a fresh issue of 1,30,51,580 equity shares aggregating up to ₹354.77 crore and an Offer for Sale (OFS) of 37,02,694 equity shares aggregating up to ₹100.71 crore. The total issue size is approximately ₹455.49 crore. Following the completion of the IPO process, the company’s equity shares are proposed to be listed on both the BSE and NSE.
The objective of the fresh issue is primarily to repay or prepay certain outstanding borrowings of the company, provide funds to its material subsidiary Saffire Crop Science Private Limited for repayment or prepayment of borrowings, and support inorganic growth, strategic initiatives, and general corporate purposes. The company will receive the proceeds from the fresh issue, whereas the proceeds from the Offer for Sale will be received by the selling shareholder, Ankur Aggarwal.
Crystal Crop Protection Limited is an established Indian agricultural input solutions company with agrochemicals and seeds as its core offerings. The company’s diversified portfolio includes crop protection products such as herbicides, fungicides, and insecticides, along with natural crop solutions such as bio-stimulants, bio-protectants, plant growth regulators, liquid fertilisers, and micronutrients. It also offers seeds for field crops, vegetable crops, and flowers.
The company follows an integrated business model supported by in-house research and development, seed breeding, backward-integrated manufacturing, and a pan-India distribution network. Its products are developed to address the requirements of Indian farmers, supported by research capabilities and collaborations with multinational companies.
Crystal Crop Protection operates multiple manufacturing facilities across India and has an established distribution network of more than 13,000 distributors and 36 distribution centres. The company also exports crop protection formulations, technical products, and seeds to several international markets.
The Indian agricultural inputs industry continues to benefit from increasing demand for crop productivity, improved farming practices, hybrid seeds, advanced crop protection products, and modern agricultural solutions. However, investors should carefully analyse the company’s financial performance, borrowings, working capital requirements, competitive strengths, regulatory risks, and IPO valuation before making an investment decision.
Table of Contents
IPO Details
| IPO Details | Information |
|---|---|
| IPO Name | Crystal Crop Protection IPO |
| Company Name | Crystal Crop Protection Limited |
| IPO Type | Book Built Issue |
| IPO Category | Mainboard IPO |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹259 to ₹272 Per Share |
| Issue Size | ₹455.49 Crore |
| Fresh Issue | 1,30,51,580 Shares (₹354.77 Crore) |
| Offer for Sale | 37,02,694 Shares (₹100.71 Crore) |
| IPO Open Date | 18 November 2026 |
| IPO Close Date | 20 November 2026 |
| Anchor Investor Bidding | 17 November 2026 (Tentative) |
| Basis of Allotment | 23 November 2026 |
| Refund Initiation | 25 November 2026 |
| Shares Credited to Demat Account | 25 November 2026 |
| Listing Date | 26 November 2026 (Tentative) |
| Listing Exchange | BSE & NSE |
| Lot Size | 55 Equity Shares |
| Retail Minimum Investment | ₹14,960 |
| Employee Discount | ₹25 Per Share |
| Market Capitalisation | ₹4,015.56 Crore (At Upper Price Band) |
| Pre-Issue Shareholding | 13,45,69,911 Shares |
| Post-Issue Shareholding | 14,76,30,794 Shares |
| Registrar | MUFG Intime India Private Limited |
| Book Running Lead Managers | IIFL Capital Services Limited, DAM Capital Advisors Limited and Motilal Oswal Investment Advisors Limited |
The company proposes to utilise the net proceeds from the fresh issue primarily for repayment or prepayment of certain outstanding borrowings, investment in its material subsidiary Saffire Crop Science Private Limited for repayment or prepayment of its borrowings, and funding inorganic growth through unidentified acquisitions and strategic initiatives, along with general corporate purposes. The proceeds generated from the Offer for Sale will be received by the promoter selling shareholder, Ankur Aggarwal.
Crystal Crop Protection IPO Dates
| IPO Event | Date |
|---|---|
| Anchor Investor Bidding | 17 November 2026 (Tentative) |
| IPO Opening Date | 18 November 2026 |
| IPO Closing Date | 20 November 2026 |
| Basis of Allotment | 23 November 2026 |
| Refund Initiation | 25 November 2026 |
| Shares Credited to Demat Account | 25 November 2026 |
| Listing Date | 26 November 2026 (Tentative) |
The Crystal Crop Protection IPO will remain open for subscription from 18 November 2026 to 20 November 2026. The basis of allotment is expected to be finalised on 23 November 2026, followed by the initiation of refunds and credit of shares to demat accounts on 25 November 2026.
The company’s equity shares are scheduled for tentative listing on the BSE and NSE on 26 November 2026. Investors should check the latest stock exchange notifications for any changes to the IPO schedule.
Crystal Crop Protection IPO Reservation
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Not More Than 50% of the Net Offer |
| Non-Institutional Investors (NII) | Not Less Than 15% of the Net Offer |
| Retail Individual Investors (RII) | Not Less Than 35% of the Net Offer |
The final allocation under each investor category will depend on the number of valid applications received during the IPO subscription period and the applicable SEBI allocation requirements. The employee reservation and discount will be governed by the final offer documents.
Crystal Crop Protection IPO Lot Size
Investors can bid for a minimum of 55 equity shares and in multiples thereof. The minimum retail investment is ₹14,960 at the upper price band of ₹272 per share.
| Application | Shares | Amount |
|---|---|---|
| Retail (Min) | 1 Lot (55 Shares) | ₹14,960 |
| Retail (Max) | 13 Lots (715 Shares) | ₹1,94,480 |
| S-HNI (Min) | 14 Lots (770 Shares) | ₹2,09,440 |
| S-HNI (Max) | 66 Lots (3,630 Shares) | ₹9,87,360 |
| B-HNI (Min) | 67 Lots (3,685 Shares) | ₹10,02,320 |
The application amounts shown above are calculated using the upper price band of ₹272 per equity share. Retail investors can apply for a minimum of one lot, comprising 55 shares, while small HNI and big HNI applications follow the applicable investment thresholds.
About Crystal Crop Protection Limited
Crystal Crop Protection Limited is an Indian agricultural input solutions company with agrochemicals and seeds as its core business segments. Established in 1994, the company has developed a diversified portfolio of agricultural products designed to improve crop productivity and support farmers across different agricultural conditions.
The company’s crop protection portfolio includes herbicides, fungicides, insecticides, and other agricultural chemicals. Its natural crop solutions portfolio includes bio-stimulants, bio-protectants, plant growth regulators, liquid fertilisers, and micronutrients. In addition, the company offers seeds for field crops, vegetables, and flowers.
Crystal Crop Protection follows an integrated business model combining research and development, seed breeding, manufacturing, marketing, and distribution. Its product development activities are supported by in-house research capabilities and collaborations with multinational companies. The company focuses on developing agricultural products that address the specific requirements of Indian farmers.
The company offers more than 174 crop protection product brands in different pack sizes, including farmer-friendly packaging. Its branded crop protection business has grown through an established distribution network and product diversification. It also exports formulations and technical products to several countries, including Bangladesh, Nepal, and markets across Africa and Asia.
In its seeds business, Crystal Crop Protection has a diversified portfolio covering cotton, cereals, oilseeds, fodder crops, vegetables, and flowers. Its products are sold across India and exported to countries such as Japan, the USA, and Thailand.
The company operates multiple manufacturing facilities for formulations, technical products, and seed processing across Haryana, Gujarat, Jammu and Kashmir, Maharashtra, Telangana, and Karnataka. It also operates a research and development centre in Sonipat, Haryana.
As of September 30, 2025, the company’s formulation manufacturing units had a combined installed capacity of 75,962 MT, while its technical manufacturing facilities had an aggregate installed capacity of 3,456 MT.
Crystal Crop Protection has developed a strong distribution network comprising more than 13,000 distributors and 36 distribution centres. Its manufacturing infrastructure, research capabilities, product portfolio, and distribution reach support its position in India’s agricultural inputs industry.
Business Operations
Crystal Crop Protection Limited operates an integrated agricultural solutions business offering products and services across multiple agricultural segments.
- Crop Protection Products – The company offers herbicides, fungicides, insecticides, and other crop protection products designed to protect crops against pests, diseases, and weeds.
- Natural Crop Solutions – Its portfolio includes bio-stimulants, bio-protectants, plant growth regulators, liquid fertilisers, and micronutrients that support plant growth and crop health.
- Seeds Business – The company provides seeds for field crops, vegetable crops, and flowers, including cotton, cereals, oilseeds, fodder crops, and other agricultural varieties.
- Research and Development – Crystal Crop invests in research and development to develop improved crop protection products, new formulations, seed varieties, and innovative agricultural solutions.
- Seed Breeding – The company undertakes seed breeding and product development activities to strengthen its seeds portfolio and provide agricultural solutions suited to different farming requirements.
- Manufacturing and Formulation – It operates manufacturing facilities for formulations, technical products, and seed processing, supported by backward integration and technology-enabled production processes.
- Distribution Network – The company serves farmers through a pan-India distribution network of more than 13,000 distributors and 36 distribution centres.
- International Business – Crystal Crop Protection exports crop protection formulations, technical products, and seeds to several international markets, including Bangladesh, Nepal, Japan, the USA, Thailand, and countries across Africa and Asia.
Industry Overview
India’s agricultural inputs industry plays an important role in supporting agricultural productivity, food security, and modern farming practices. Increasing demand for improved crop yields, changing climatic conditions, pest management requirements, and the adoption of advanced agricultural technologies continue to support the need for crop protection products and quality seeds.
The crop protection industry includes insecticides, herbicides, fungicides, seed treatment products, and other agricultural solutions that help farmers manage crop-related challenges. Increasing awareness of scientific farming practices and the adoption of improved agricultural inputs are creating opportunities for organised agricultural companies.
The seeds industry is also benefiting from increasing demand for hybrid seeds, improved crop varieties, and research-based seed development. Farmers require seeds that can support productivity, crop quality, and suitability across different agricultural conditions.
Research and development, manufacturing capabilities, product registrations, distribution infrastructure, and farmer relationships remain important competitive factors in the agricultural inputs industry. Companies with diversified product portfolios and established distribution networks may benefit from the long-term development of India’s agricultural sector.
However, the industry is exposed to seasonal demand, monsoon conditions, changing agricultural policies, regulatory requirements, raw material price fluctuations, and competition from domestic and international manufacturers.
Business Strategy
Crystal Crop Protection Limited focuses on strengthening its position in India’s agricultural inputs industry through product innovation, research and development, manufacturing integration, and expansion of its distribution network.
The company aims to expand its crop protection portfolio through the development of new formulations, improved products, and research-based agricultural solutions. It also focuses on strengthening its seeds business through seed breeding, product development, and the introduction of improved crop varieties.
Another important part of its strategy is maintaining vertically integrated manufacturing operations supported by backward integration and technology-enabled production facilities. The company seeks to improve manufacturing efficiency, strengthen supply chain capabilities, and maintain product quality.
Crystal Crop Protection also focuses on strengthening its relationships with Indian farmers through its extensive distribution network and farmer-oriented product development. Its collaborations with multinational companies and institutional customers support its product development and market expansion activities.
Through strategic acquisitions, product diversification, international expansion, research investments, and operational improvements, the company aims to achieve sustainable growth in the agricultural inputs industry.
Crystal Crop Protection IPO Financial Information
A company’s financial performance provides valuable insights into its revenue growth, profitability, operational efficiency, and financial stability. Reviewing financial statements over multiple years helps investors understand how the business has developed and how effectively it generates earnings from its operations.
Crystal Crop Protection Financial Summary
| Particulars | FY2023 | FY2024 | FY2025 | H1 FY2026 |
|---|---|---|---|---|
| Total Assets | ₹2,472.07 Crore | ₹2,541.92 Crore | ₹3,542.90 Crore | ₹3,859.23 Crore |
| Total Income | ₹2,532.89 Crore | ₹2,271.71 Crore | ₹2,731.94 Crore | ₹1,995.86 Crore |
| EBITDA | ₹231.86 Crore | ₹209.06 Crore | ₹315.28 Crore | ₹333.22 Crore |
| Profit After Tax (PAT) | ₹76.60 Crore | ₹87.24 Crore | ₹118.39 Crore | ₹153.51 Crore |
| Net Worth | ₹1,408.10 Crore | ₹1,488.39 Crore | ₹1,600.10 Crore | ₹1,748.90 Crore |
| Total Borrowings | ₹612.70 Crore | ₹577.29 Crore | ₹947.02 Crore | ₹1,205.24 Crore |
The company reported total income of ₹2,731.94 crore in FY2025 compared with ₹2,271.71 crore in FY2024. Profit after tax increased from ₹87.24 crore in FY2024 to ₹118.39 crore in FY2025, reflecting an improvement in profitability. EBITDA also increased from ₹209.06 crore to ₹315.28 crore during the same period.
For the six months ended September 30, 2025, Crystal Crop Protection reported total income of ₹1,995.86 crore and profit after tax of ₹153.51 crore. EBITDA stood at ₹333.22 crore, while net worth increased to ₹1,748.90 crore.
However, total borrowings increased from ₹577.29 crore in FY2024 to ₹947.02 crore in FY2025 and further to ₹1,205.24 crore as of September 30, 2025. Investors should therefore carefully evaluate the company’s debt position, interest expenses, cash flows, and working capital requirements.
The six-month financial figures should not be directly compared with full-year figures as they cover different reporting periods. Investors should analyse revenue performance, profitability, debt levels, and financial stability before making an investment decision.
Crystal Crop Protection IPO Key Performance Indicators (KPIs)
Key Performance Indicators help investors assess the company’s profitability, operational efficiency, financial strength, and capital utilisation. These financial ratios provide additional insights into the company’s overall business performance.
| KPI | Value |
|---|---|
| Return on Equity (ROE) | 8.31% |
| Return on Capital Employed (ROCE) | 16.43% |
| Return on Net Worth (RONW) | 7.46% |
| EBITDA Margin | 11.72% |
| PAT Margin | 4.33% |
| Debt-to-Equity Ratio | 0.65 |
| Earnings Per Share (EPS) | ₹8.80 (Pre-Issue) |
| Net Asset Value (NAV) Per Share | ₹125.53 |
| Price to Earnings (P/E) | 30.91x (Pre-Issue) |
The company’s financial ratios indicate its ability to generate returns from shareholders’ funds and capital employed. The ROCE of 16.43% reflects the company’s operating returns on capital, while the EBITDA margin of 11.72% provides an indication of operating profitability.
The debt-to-equity ratio of 0.65 highlights the company’s reliance on borrowings to finance its business operations. Investors should analyse these financial indicators alongside the company’s debt levels, working capital requirements, competitive position, and IPO valuation before making an investment decision.
Objects of the Crystal Crop Protection IPO
The company intends to utilise the net proceeds from the fresh issue for the following purposes:
- Repayment or prepayment, in full or in part, of certain outstanding borrowings availed by the company.
- Investment in its material subsidiary, Saffire Crop Science Private Limited, for repayment or prepayment of certain outstanding borrowings.
- Funding inorganic growth through unidentified acquisitions and strategic initiatives.
- General corporate purposes.
According to the IPO objects information provided, the estimated allocation is ₹31.29 crore towards repayment or prepayment of company borrowings and ₹2.21 crore towards investment in Saffire Crop Science Private Limited for repayment or prepayment of its borrowings. The displayed total for these two specified objects is ₹33.50 crore, with additional proceeds allocated towards unidentified acquisitions, strategic initiatives, and general corporate purposes.
The proceeds from the Offer for Sale will be received by the promoter selling shareholder, Ankur Aggarwal, and will not form part of the company’s funds. The fresh issue proceeds are intended to support debt repayment and the company’s future business requirements.
Crystal Crop Protection IPO Listing Performance
The listing performance reflects how the company’s shares perform on the stock exchanges after the IPO. While listing gains indicate initial investor sentiment, long-term returns depend on the company’s financial performance, operational execution, industry conditions, and future growth prospects.
| Particular | Value |
|---|---|
| Listing Exchange | BSE & NSE |
| Listing Date | 26 November 2026 (Tentative) |
| Issue Price | ₹272 Per Share |
| Listing Price | To Be Updated |
| Listing Gain | To Be Updated |
| Listing Gain (%) | To Be Updated |
The listing performance will be available after the company’s shares commence trading on the stock exchanges. Investors should focus on long-term business fundamentals rather than short-term listing movements.
Crystal Crop Protection IPO Subscription Status
The subscription figures indicate the level of investor participation received during the IPO bidding period. Strong subscription generally reflects healthy market interest, although investment decisions should also consider valuation, financial performance, and long-term business prospects.
Crystal Crop Protection IPO Subscription
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | To Be Updated |
| Non-Institutional Investors (NII) | To Be Updated |
| Retail Individual Investors (RII) | To Be Updated |
| Employee Category | To Be Updated |
| Total Subscription | To Be Updated |
The final subscription figures will be available after the IPO closes. They will provide an indication of investor participation across various categories.
Crystal Crop Protection IPO Subscription Categories
| Investor Category | Investment Limit | Cut-off Price |
|---|---|---|
| Retail Individual Investor (RII) | Up to ₹2 Lakhs | Yes |
| Small Non-Institutional Investor (sNII) | ₹2 Lakhs to ₹10 Lakhs | No |
| Big Non-Institutional Investor (bNII) | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹2 Lakhs | Yes |
| Employee + RII/NII | Employee and applicable RII/NII limits | As Applicable |
The employee category is also eligible for the announced employee discount of ₹25 per share, subject to the conditions and limits specified in the final offer documents.
Crystal Crop Protection IPO Review
Crystal Crop Protection Limited is an established Indian agricultural input solutions company with agrochemicals and seeds as its core business segments. The company offers a diversified product portfolio covering herbicides, fungicides, insecticides, bio-stimulants, bio-protectants, plant growth regulators, liquid fertilisers, micronutrients, and seeds. Its integrated business model combines research and development, seed breeding, manufacturing, and distribution capabilities.
One of the company’s major strengths is its extensive product portfolio and distribution network. It offers more than 174 crop protection product brands and has developed a pan-India distribution network of over 13,000 distributors and 36 distribution centres. Its manufacturing infrastructure and research and development capabilities support product development and supply chain integration. The company also benefits from collaborations with multinational companies and exports agricultural products to several international markets.
The company’s financial performance has shown improvement in profitability. Total income increased to ₹2,731.94 crore in FY2025 from ₹2,271.71 crore in FY2024, while profit after tax increased to ₹118.39 crore. EBITDA also improved to ₹315.28 crore in FY2025. For the six months ended September 30, 2025, the company reported profit after tax of ₹153.51 crore and EBITDA of ₹333.22 crore.
However, the company’s total borrowings increased to ₹1,205.24 crore as of September 30, 2025. This makes its debt position and working capital requirements important factors for investors to evaluate. The proposed fresh issue includes utilisation of proceeds towards repayment or prepayment of borrowings, which may help strengthen the company’s financial position.
The IPO is being offered at a price band of ₹259 to ₹272 per equity share. At the upper price band, the company’s post-issue market capitalisation is approximately ₹4,015.56 crore. The pre-issue P/E ratio is reported at 30.91x, while the post-issue P/E ratio is indicated at 13.08x in the valuation information provided. Investors should carefully examine the basis and earnings figures used for these valuation calculations before comparing them with industry peers.
The agricultural inputs industry offers long-term growth opportunities due to increasing demand for crop protection products, improved seeds, modern farming practices, and agricultural productivity. Crystal Crop Protection’s diversified operations and established distribution network provide exposure to these opportunities. However, the business is also exposed to seasonal agricultural demand, monsoon conditions, raw material price fluctuations, regulatory requirements, and competitive pressures.
Overall, Crystal Crop Protection Limited has an established presence in India’s agricultural inputs industry, supported by a diversified product portfolio, research capabilities, manufacturing infrastructure, and a strong distribution network. Its improving profitability and proposed debt repayment are positive factors to evaluate. However, investors should also consider its borrowing levels, working capital requirements, legal and regulatory risks, and IPO valuation before making an investment decision.
Crystal Crop Protection IPO Strengths
- Established agricultural input solutions company with agrochemicals and seeds as its core offerings.
- Strong research and development capabilities supported by advanced technology infrastructure and collaborations with multinational companies.
- Deep relationships with Indian farmers and established brand recognition in the agricultural inputs industry.
- Operational excellence supported by a multi-pronged go-to-market strategy.
- Vertically integrated manufacturing operations backed by research and development capabilities and supply chain infrastructure.
- Extensive distribution network comprising more than 13,000 distributors and 36 distribution centres.
- Diversified product portfolio covering crop protection products, natural crop solutions, seeds, and agricultural equipment.
- Strategic acquisitions and experience in integrating growth opportunities.
- Diversification across business verticals, geographies, product categories, and crops.
- Established manufacturing facilities and research infrastructure across multiple Indian states.
Crystal Crop Protection IPO Risk Factors
- The agricultural inputs industry is subject to seasonal demand and changing monsoon conditions, which may affect the company’s business performance.
- The company operates in a highly competitive industry with domestic and international agricultural input manufacturers.
- Increased borrowings may affect interest expenses, cash flows, and financial flexibility.
- Fluctuations in raw material prices may adversely affect manufacturing costs and profitability.
- The business is subject to regulatory requirements relating to agricultural chemicals, product registrations, manufacturing, and distribution.
- Any disruption in manufacturing facilities or supply chain operations may affect product availability and business performance.
- The company depends on its distribution network and relationships with dealers and distributors for market reach.
- Changes in agricultural policies, import-export regulations, and government requirements may affect business operations.
- Product development and registration processes require investment and time, creating commercialisation risks.
- Competition, changing farmer preferences, weather conditions, and agricultural market developments may impact demand for its products.
Crystal Crop Protection IPO Promoters
Crystal Crop Protection Limited is promoted by Nand Kishore Aggarwal, Ankur Aggarwal, Komal Aggarwal, and Ankur Aggarwal KNK Family Trust. The promoters have played an important role in establishing and expanding the company’s agricultural input business through investments in manufacturing, product development, research capabilities, and distribution infrastructure.
The promoter group has developed the company into a diversified agricultural solutions business with operations across crop protection products, natural crop solutions, seeds, and agricultural equipment. The promoters continue to be associated with the company’s business operations and long-term growth strategy.
Crystal Crop Protection IPO Promoters Details
| Promoter | Designation |
|---|---|
| Nand Kishore Aggarwal | Promoter |
| Ankur Aggarwal | Promoter |
| Komal Aggarwal | Promoter |
| Ankur Aggarwal KNK Family Trust | Promoter Group |
Crystal Crop Protection IPO Management Team
The company is led by an experienced management team with expertise in agricultural inputs, manufacturing, research and development, business operations, finance, and corporate management. The leadership team focuses on product innovation, manufacturing efficiency, distribution expansion, financial performance, and long-term business growth.
The management team is responsible for implementing the company’s business strategy, strengthening its agricultural product portfolio, improving operational efficiency, and expanding its market presence.
| Name | Designation |
|---|---|
| Management details | Refer to the latest DRHP/RHP and official company disclosures for the complete board and key managerial personnel details. |
Crystal Crop Protection IPO Registrar Details
The registrar is responsible for processing IPO applications, finalising the basis of allotment, crediting equity shares to successful applicants, initiating refunds, and handling investor-related services.
| Particular | Details |
|---|---|
| Registrar Name | MUFG Intime India Private Limited |
| Website | https://in.mpms.mufg.com |
| IPO Allotment Status | https://in.mpms.mufg.com/Initial_Offer/public-issues.html |
| Email ID | [email protected] |
| Contact Number | 022-49186000 |
Crystal Crop Protection IPO Lead Manager Details
The Book Running Lead Managers are responsible for managing the IPO process, coordinating regulatory compliance, and assisting the company throughout the public issue.
| Particular | Details |
|---|---|
| Lead Managers | IIFL Capital Services Limited, DAM Capital Advisors Limited and Motilal Oswal Investment Advisors Limited |
Crystal Crop Protection Limited Contact Details
| Particular | Details |
|---|---|
| Company Name | Crystal Crop Protection Limited |
| Registered Office | 206, 2nd Floor, Span Trade Centre, Opp. Kochrab, Gandhi Ashram, Near Paldi Char Rasta, Ashram Road, Ellisbridge, Ahmedabad, Gujarat 380006 |
| Website | https://www.crystalcropprotection.com |
| Email ID | [email protected] |
| Contact Number | +91 11 49007100 |
How to Check Crystal Crop Protection IPO Allotment Status
Investors can check the IPO allotment status after the basis of allotment is finalised through the registrar’s website or the BSE IPO portal.
Through MUFG Intime India Private Limited
- Visit the official MUFG Intime IPO allotment portal.
- Select Crystal Crop Protection IPO from the IPO list.
- Choose PAN Number, Application Number, or DP/Client ID.
- Enter the required details.
- Click Submit to view the allotment status.
Through BSE
- Visit the official BSE IPO allotment page.
- Select Crystal Crop Protection IPO from the list of IPOs.
- Enter your PAN Number or Application Number.
- Complete the verification process if required.
- Click Search to view the allotment result.
Crystal Crop Protection IPO Conclusion
Crystal Crop Protection IPO provides investors with an opportunity to invest in an established Indian agricultural input solutions company operating across crop protection products, natural crop solutions, seeds, and agricultural equipment. The company has developed its business through research and development, manufacturing capabilities, product diversification, and an extensive distribution network.
Its diversified product portfolio, established distribution network, research capabilities, and presence across domestic and international markets provide opportunities for long-term business development. The company has also reported improvement in profitability, with FY2025 profit after tax increasing to ₹118.39 crore from ₹87.24 crore in FY2024.
The IPO comprises a fresh issue of ₹354.77 crore and an Offer for Sale of ₹100.71 crore, taking the total issue size to approximately ₹455.49 crore. The proposed utilisation of fresh issue proceeds towards repayment or prepayment of borrowings may support the company’s financial position.
However, investors should carefully consider the company’s outstanding borrowings, working capital requirements, agricultural seasonality, raw material price fluctuations, regulatory requirements, and competition before making an investment decision.
A detailed assessment of the company’s financial performance, valuation, business strategy, industry outlook, competitive strengths, and future expansion plans can help investors determine whether the IPO is suitable for their investment objectives.
Crystal Crop Protection IPO FAQs
What is Crystal Crop Protection IPO?
Crystal Crop Protection IPO is the Mainboard public issue of Crystal Crop Protection Limited, an Indian agricultural input solutions company operating in crop protection products, natural crop solutions, seeds, and agricultural equipment.
What is the price band of Crystal Crop Protection IPO?
The price band of Crystal Crop Protection IPO is ₹259 to ₹272 per equity share.
What is the issue size of Crystal Crop Protection IPO?
The total issue size of Crystal Crop Protection IPO is approximately ₹455.49 crore, comprising a fresh issue of ₹354.77 crore and an Offer for Sale of ₹100.71 crore.
When will the Crystal Crop Protection IPO open?
The Crystal Crop Protection IPO will open for subscription on 18 November 2026.
When will the Crystal Crop Protection IPO close?
The Crystal Crop Protection IPO will close for subscription on 20 November 2026.
On which stock exchanges will Crystal Crop Protection shares be listed?
The company’s equity shares are proposed to be listed on both BSE and NSE, with a tentative listing date of 26 November 2026.
Who is the registrar for the Crystal Crop Protection IPO?
MUFG Intime India Private Limited is the registrar to the Crystal Crop Protection IPO.
What is the face value of Crystal Crop Protection IPO shares?
The face value of each equity share is ₹10.
What is the lot size of Crystal Crop Protection IPO?
The lot size of Crystal Crop Protection IPO is 55 equity shares. Retail investors need to invest a minimum of ₹14,960 at the upper price band of ₹272 per share.
What does Crystal Crop Protection Limited do?
Crystal Crop Protection Limited operates in the agricultural inputs industry and offers crop protection products, natural crop solutions, seeds, and agricultural equipment. Its portfolio includes herbicides, fungicides, insecticides, bio-stimulants, bio-protectants, plant growth regulators, liquid fertilisers, and micronutrients.
What are the objects of the Crystal Crop Protection IPO?
The company intends to utilise the fresh issue proceeds primarily for repayment or prepayment of its outstanding borrowings, investment in its material subsidiary Saffire Crop Science Private Limited for repayment or prepayment of borrowings, and funding inorganic growth through unidentified acquisitions, strategic initiatives, and general corporate purposes. The proceeds from the Offer for Sale will be received by the selling shareholder, Ankur Aggarwal.
