Crystal Crop Protection IPO Opens November 18: ₹456 Crore Issue at ₹259-272 Price Band
- 12th November 2026
- 01:00 PM
- 4 min read
Summary
Crystal Crop Protection has fixed the price band for its ₹456 crore initial public offering (IPO) at ₹259 to ₹272 per share. The issue opens on 18 November 2026 and closes on 20 November 2026. It combines a fresh issue of up to ₹355 crore with an offer for sale (OFS) of up to ₹101 crore.Mumbai | 13 November 2026
Crystal Crop Protection Ltd will open its ₹456 crore initial public offering (IPO) for public subscription on Wednesday, 18 November 2026, at a price band of ₹259 to ₹272 per share. The issue closes on Friday, 20 November 2026. At the upper end of the price band, the IPO values the agrochemicals company at around ₹4,438 crore.
What Is the Price Band and Issue Size of the Crystal Crop Protection IPO?
The Crystal Crop Protection IPO is priced at ₹259 to ₹272 per share, the range within which investors place their bids. The ₹456 crore issue combines a fresh issue of up to ₹355 crore and an offer for sale (OFS) of up to 37 lakh shares, worth up to ₹101 crore.
Money from the fresh issue goes to the company. In the OFS, existing shareholders sell part of their holdings and receive the money themselves. Ahead of the IPO, the company raised ₹84.3 crore through a pre-IPO round, a share sale to select investors before the public issue.
| Detail | Figure |
|---|---|
| Price band | ₹259 to ₹272 per share |
| Total issue size | ₹456 crore |
| Fresh issue | Up to ₹355 crore |
| Offer for sale | Up to 37 lakh shares (up to ₹101 crore) |
| Valuation at upper price band | Around ₹4,438 crore |
| Face value | ₹10 per share |
| Lot size | 55 shares |
| Minimum investment (retail) | ₹14,960 (55 shares at upper price band) |
| Listing at | BSE, NSE |
| Book-running lead managers | DAM Capital Advisors, IIFL Capital Services, Motilal Oswal Investment Advisors |
| Registrar | MUFG Intime India |
What Is the Crystal Crop Protection IPO GMP Today?
The grey market premium (GMP) for the Crystal Crop Protection IPO stood at ₹45 on 13 November 2026. GMP is the extra amount buyers pay for IPO shares in unofficial trading before listing. Against the upper price band of ₹272, this implies an estimated listing price of ₹317, a premium of 16.54%.
Grey market premium is an unofficial indicator based on unregulated trading activity and does not guarantee listing-day performance.
How Will Crystal Crop Protection Use the IPO Money?
Crystal Crop Protection plans to use the fresh issue money mainly to repay debt taken by the company and its subsidiary, Saffire Crop Science. The company will use the rest for two purposes.
- Inorganic growth: Growth through acquisitions and strategic initiatives. The company has not yet identified the acquisitions.
- General corporate purposes: The remaining amount.
What Are the Key Dates for the Crystal Crop Protection IPO?
Anchor investors bid on 17 November 2026, a day before the issue opens to the public. Anchor investors are large institutions that commit to buying shares at a fixed price before an IPO opens. The shares are expected to list on the BSE and NSE on 26 November 2026.
| Event | Date |
|---|---|
| Anchor investor bidding | Tuesday, 17 November 2026 |
| Issue opens | Wednesday, 18 November 2026 |
| Issue closes | Friday, 20 November 2026 |
| Basis of allotment (expected) | Monday, 23 November 2026 |
| Refunds and credit of shares to demat accounts (scheduled) | Wednesday, 25 November 2026 |
| Listing on BSE and NSE (expected) | Thursday, 26 November 2026 |
The basis of allotment decides how many shares each applicant receives. Shares then move to demat accounts, which hold shares in electronic form.
What Does Crystal Crop Protection Do?
Founded in 1994, Crystal Crop Protection is an Indian crop solutions company with a presence in agrochemicals and seeds. Its portfolio includes:
- Crop protection: Products including herbicides, fungicides and insecticides.
- Natural crop solutions: Products including bio-stimulants, bio-protectants, plant growth regulators, liquid fertilisers and micronutrients.
- Seeds: Varieties for field crops, vegetable crops and flowers.
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