Crystal Crop Protection, a company that makes crop‑protecting chemicals and seeds, has submitted a draft filing to India’s securities regulator to raise money through an initial public offering.
How the IPO is structured
The plan includes two parts:
- A fresh issue of new shares worth about ₹600 crore.
- An Offer‑for‑Sale (OFS) where promoters and some existing investors will sell roughly 7.4 million shares.
International Finance Corporation and its Emerging Asia Fund will also sell some of their holdings through the OFS.
Where the money will go
The cash from the new shares is expected to be used for:
- Paying down debt of Crystal Crop Protection and its subsidiary Saffire Crop Science.
- Funding growth through acquisitions and other strategic projects.
- General corporate needs.
About Crystal Crop Protection
Founded in 1994, the firm offers a range of products such as herbicides, fungicides, insecticides, bio‑stimulants, liquid fertilizers and seeds for field, vegetable and flower crops.
Industry backdrop
The Indian crop‑protection market was worth about $5.5 billion in FY 2025 and is projected to grow to roughly $8.5 billion by FY 2030, showing strong demand for the kind of products Crystal provides.
Advisors and past attempts
Investment banks IIFL Capital Services, DAM Capital Advisors and Motilal Oswal Investment Advisors are handling the IPO. The company previously filed a similar plan in 2018 to raise ₹1,000 crore but did not go ahead at that time.
Investors should consider the company’s debt levels, growth plans and the broader market outlook before deciding whether to take part in the offering.
Remember, this is perspective, not prediction. Do your own research before making any investment decisions.