Crystal Crop Protection IPO November 2026 Seeks Rs 4,438.1 Crore Valuation

Crystal Crop Protection IPO November 2026 Seeks Rs 4,438.1 Crore Valuation

Deck: Agrochemicals firm Crystal Crop Protection has fixed its IPO price band at Rs 259–Rs 272 per share. The Rs 455.7 crore issue opens on November 18, targeting a market capitalisation of Rs 4,438.1 crore.

Quick Summary

• Crystal Crop Protection IPO November 2026 opens for public subscription on November 18.
• Key reason: Raising Rs 355 crore via fresh issue for debt repayment and inorganic growth.
• Impact: Targeting a market valuation of Rs 4,438.1 crore at the upper price limit.
• Market reaction: Listing scheduled for November 26 on the BSE and NSE.

At a Glance

• The Move: Crystal Crop Protection fixed its IPO price band at Rs 259–Rs 272 to raise Rs 455.7 crore.
• Main Trigger: The company seeks to repay Rs 270 crore of its Rs 962.6 crore consolidated fund-based debt.
• Next Watchpoint: Anchor investor bidding begins on November 17, followed by the public offer closing on November 20.

What Happened?

Crystal Crop Protection IPO November 2026 is set to launch on November 18 with a price band of Rs 259 to Rs 272 per share. The company aims to raise a total of Rs 455.7 crore, which includes a fresh issue component of Rs 355 crore.

As reported on November 13, 2026, the issue also features an offer for sale of 37.02 lakh equity shares by promoter Ankur Aggarwal, valued at Rs 100.7 crore. The anchor book opens on November 17, while the public subscription period ends on November 20. Share allotment is expected by November 23, with listing on November 26.

Why Did It Happen?

The company intends to utilise Rs 270 crore from the fresh issue proceeds to reduce its debt. As of August 2026, the firm’s total fund-based borrowings stood at Rs 962.6 crore. Remaining funds are earmarked for potential acquisitions to drive inorganic growth and for general corporate purposes.

The final IPO structure follows a revision where the fresh issue was reduced from Rs 600 crore to Rs 439.2 crore, and eventually to Rs 355 crore after a pre-IPO placement. This private placement raised Rs 84.2 crore at Rs 272.07 per share. Additionally, the OFS size was halved from the original 74.05 lakh shares.

What Does It Mean for Markets?

Crystal Crop Protection is entering the public market with a targeted valuation of Rs 4,438.1 crore. The company’s financial performance shows growth, with FY26 profits rising 22.4 percent to Rs 144.9 crore on revenue of Rs 3,152 crore. For the quarter ended June 2026, it reported a profit of Rs 135.7 crore on revenue of Rs 1,197.1 crore.

The shareholding structure post-IPO will see promoters and their entities holding a significant portion, having held 84.92 percent prior to the issue. Institutional presence includes IFC and IFC Emerging Asia Fund with an 8.29 percent stake, while WhiteOak Capital India Opportunities Fund holds 1.03 percent following the pre-IPO round.

What to Watch Next

• The opening of the anchor investor portion on November 17 to gauge institutional interest.
• The finalisation of share allotment scheduled for November 23.
• The commencement of trading on the BSE and NSE on November 26.

FAQs

1. What is the price band for the Crystal Crop Protection IPO?
The company has fixed the price band for its initial public offering at Rs 259 to Rs 272 per equity share. At the upper end of this band, the firm is seeking a market capitalisation of Rs 4,438.1 crore.

2. When does the Crystal Crop Protection IPO November 2026 open for public subscription?
The IPO is scheduled to open for public subscription on November 18 and will close on November 20. Anchor investors will have the opportunity to bid for one day on November 17.

3. How much does Crystal Crop Protection plan to raise through its IPO?
The company plans to raise a total of Rs 455.7 crore. This comprises a fresh issue of shares worth Rs 355 crore and an offer for sale of 37.02 lakh equity shares amounting to Rs 100.7 crore.

4. What is the purpose of the fresh issue proceeds for Crystal Crop Protection?
The company intends to use Rs 270 crore from the net proceeds for the repayment of debt. The remaining funds will be utilised for general corporate purposes and to pursue inorganic growth through potential acquisitions.

5. When is the Crystal Crop Protection share listing date on BSE and NSE?
Trading in the company’s equity shares is scheduled to commence on the BSE and NSE on November 26. This follows the expected finalisation of share allotment on November 23.

6. Who are the merchant bankers managing the Crystal Crop Protection IPO?
The initial public offering is being managed by IIFL Capital Services, DAM Capital Advisors, and Motilal Oswal Investment Advisors, who are acting as the merchant bankers for the issue.

7. What was Crystal Crop Protection’s revenue for the financial year ended March 2026?
For the financial year ended March 2026, the company reported revenue of Rs 3,152 crore, representing a 17.2 percent increase compared with the previous financial year.

Source Note and Disclaimer

This article is based strictly on the provided source report regarding Crystal Crop Protection’s IPO filing and announcement as reported on November 13, 2026. The content is for informational purposes only and does not constitute SEBI-registered investment advice or a recommendation to buy or sell any security.