Crystal Crop Protection Ltd., a prominent agrochemical and seeds solutions provider, has announced the price band for its upcoming Initial Public Offering (IPO). Shares will be offered between Rs 259 and Rs 272 each, with the company aiming to raise up to Rs 456 crore from the market.
The public issue is scheduled to commence on November 18, 2026, and will conclude on November 20, 2026. Anchor investors, who are eligible institutional buyers, will have the opportunity to participate a day earlier, on November 17.
IPO Structure and Fundraising Details
The proposed IPO comprises two main components:
- Fresh Issue: A new issuance of shares designed to raise up to Rs 355 crore directly for the company.
- Offer for Sale (OFS): Existing founders and investors will sell up to 37 lakh (3.7 million) shares, with the proceeds from this portion going to the selling shareholders.
According to reports, the company is seeking a post-issue market capitalization of approximately Rs 4,438 crore, reflecting its valuation aspirations following the listing.
Pre-IPO Placement Signals Investor Interest
Prior to the public offering, Crystal Crop Protection successfully completed a pre-IPO placement, raising Rs 84.3 crore on October 26. In this placement, the company allotted 31 lakh shares at a price of Rs 272.07 apiece, indicating strong investor confidence ahead of the main IPO.
Managing the Offering
The IPO is being managed by a consortium of financial advisors. IIFL Capital, DAM Capital Advisors, and Motilal Oswal Investment Advisors have been appointed as the book-running lead managers for the offering, overseeing the process to ensure a smooth market debut for Crystal Crop Protection.