Crystal Crop Protection IPO 2026: Date, Price, GMP & Review

The Indian primary market is set to witness another interesting public offering as Crystal Crop Protection Limited prepares to launch its much-awaited Initial Public Offering (IPO) on November 18, 2026. The Delhi-headquartered agrochemical and crop protection company aims to raise approximately ₹455.49 crore through its maiden public issue.

Crystal Crop Protection has fixed the IPO price band at ₹259 to ₹272 per equity share. The company plans to use a significant portion of the proceeds from the fresh issue towards repayment of outstanding borrowings, while the remaining amount will support business expansion and general corporate purposes.

With its presence in the agrochemical, seeds and crop protection segments, the company operates in an important part of India's agricultural economy.

In this article, we cover all the important details about the Crystal Crop Protection IPO, including opening and closing dates, price band, lot size, issue size, financial performance, business operations, objectives and potential investment risks.

Crystal Crop Protection IPO 2026: Latest Update

Crystal Crop Protection has announced the price band for its IPO at ₹259–₹272 per share.

The public issue will open for subscription on November 18, 2026, and close on November 20, 2026.

The IPO comprises a fresh issue of equity shares worth approximately ₹354.77 crore and an Offer for Sale (OFS) of 37.03 lakh equity shares worth approximately ₹100.71 crore.

The company is targeting a valuation of approximately ₹4,438 crore at the upper end of the price band.

The IPO will be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

Crystal Crop Protection IPO: Important Details

Particulars| Details

Company Name| Crystal Crop Protection Limited

IPO Opening Date| November 18, 2026

IPO Closing Date| November 20, 2026

Anchor Investor Bidding| November 17, 2026

Price Band| ₹259–₹272

Face Value| ₹10 per share

IPO Issue Size| Approximately ₹455.49 crore

Fresh Issue| Approximately ₹354.77 crore

Offer for Sale| Approximately ₹100.71 crore

Lot Size| 55 shares

Minimum Investment| ₹14,960

Allotment Date| November 23, 2026 (Expected)

Refund Initiation| November 24, 2026 (Expected)

Demat Credit| November 25, 2026 (Expected)

Listing Date| November 26, 2026 (Tentative)

Listing Exchanges| NSE and BSE

IPO Registrar| KFin Technologies Limited

Book Running Lead Managers| IIFL Capital Services, DAM Capital Advisors and Motilal Oswal Investment Advisors

Note: Dates and issue details should be checked against the final exchange and registrar announcements.

Crystal Crop Protection IPO Price Band and Lot Size

Crystal Crop Protection has fixed its IPO price band between ₹259 and ₹272 per share.

The minimum application lot consists of 55 equity shares.

Investors applying at the upper price band of ₹272 will need approximately ₹14,960 to apply for one lot.

Retail investors can apply for additional lots according to the applicable IPO bidding rules.

Crystal Crop Protection IPO: Issue Structure

The public issue consists of two components:

1. Fresh Issue

The company plans to raise approximately ₹354.77 crore through the fresh issue of equity shares.

The proceeds will primarily be used to repay or prepay outstanding borrowings, with the remaining funds allocated towards strategic growth opportunities and general corporate purposes.

2. Offer for Sale (OFS)

The IPO also includes an Offer for Sale of approximately 37.03 lakh equity shares by promoter Ankur Aggarwal.

Under the OFS component, existing shareholders will sell part of their holdings. The proceeds from these shares will go directly to the selling shareholder rather than the company.

About Crystal Crop Protection Limited

Crystal Crop Protection Limited was established in 1994 and has developed into an integrated agricultural solutions company in India.

The company primarily operates in agrochemicals, crop protection products and seeds.

Its product portfolio includes:

- Insecticides

- Herbicides

- Fungicides

- Bio-stimulants

- Bio-protectants

- Plant growth regulators

- Liquid fertilisers

- Micronutrients

- Agricultural seeds

The company serves farmers through its wide product portfolio and distribution network.

Crystal Crop Protection also operates manufacturing facilities in several Indian states, including Maharashtra, Gujarat, Haryana and Jammu and Kashmir.

Its business model combines research and development, manufacturing, product distribution and agricultural solutions.

Crystal Crop Protection IPO: Financial Performance

The company's financial performance is an important factor for investors evaluating its IPO.

According to the latest reported financial figures, Crystal Crop Protection recorded the following performance:

Financial Year| Revenue| Profit After Tax

FY2025| ₹2,691 crore (approx.)| ₹118.39 crore

FY2026| ₹3,152 crore| ₹144.9 crore

For FY2026, the company reported approximately 17.2% growth in revenue and 22.4% growth in profit compared with the previous financial year.

For the three months ended June 2026, the company reported revenue of approximately ₹1,197.1 crore and profit of ₹135.7 crore.

The financial results indicate that the company has maintained profitability while expanding its business operations.

Investors should also examine its debt position and working capital requirements because agrochemical businesses can have seasonal revenue patterns.

Crystal Crop Protection IPO: Objectives of the Issue

The company intends to utilise the proceeds from its fresh issue for the following purposes:

1. Debt repayment: A substantial portion of the proceeds will be used to repay or prepay outstanding borrowings.

2. Strategic acquisitions: The company intends to explore inorganic growth opportunities, including potential acquisitions.

3. Business expansion: Funds may support strategic initiatives and future business development.

4. General corporate purposes: A portion of the proceeds will be used for general corporate requirements.

Debt reduction is one of the major objectives of this IPO and could help improve the company's financial position.

Crystal Crop Protection IPO GMP Today

The Grey Market Premium (GMP) is an unofficial indicator that some investors use to understand market sentiment towards an upcoming IPO.

GMP represents the premium at which IPO shares are reportedly traded in the unofficial grey market before their stock exchange listing.

However, GMP is not regulated by SEBI and does not guarantee listing gains.

As of November 14, 2026, investors should check a reliable, regularly updated market source for the latest Crystal Crop Protection IPO GMP.

Important: No unverified GMP figure should be treated as an official price or assured listing premium.

Crystal Crop Protection IPO: Strengths and Opportunities

There are several factors that investors may consider when evaluating this IPO.

1. Established agricultural business

Crystal Crop Protection has been operating in India's agricultural sector since 1994, giving it an established presence in the crop protection industry.

2. Diversified product portfolio

The company offers multiple agricultural products, including insecticides, herbicides, fungicides, fertilisers and seeds.

3. Growing agricultural requirements

India's agricultural sector requires effective crop protection products to improve crop productivity and manage pest-related losses.

4. Strong financial growth

The company reported revenue and profit growth in FY2026, which could be a positive factor for investors.

5. Debt reduction

Using IPO proceeds to repay borrowings could reduce the company's interest burden and improve its balance sheet.

Risks Associated With Crystal Crop Protection IPO

Before investing, investors should also consider the following risks:

- Agricultural dependency: The company's business depends on agricultural activity, crop cycles and farmer demand.

- Weather conditions: Unfavourable monsoons, droughts and other climatic conditions may affect product demand.

- Regulatory risks: The agrochemical industry is subject to government regulations relating to pesticides, product approvals and environmental standards.

- Competition: The company faces competition from established domestic and international agrochemical manufacturers.

- Debt exposure: Investors should carefully examine outstanding borrowings and the company's ability to generate sufficient cash flows.

- Seasonality: Agricultural product sales can fluctuate depending on sowing seasons and weather conditions.

Crystal Crop Protection IPO: Should You Apply?

Crystal Crop Protection IPO could attract investor attention because of its established business operations, diversified agricultural product portfolio and improving financial performance.

The company has also announced plans to use a significant portion of the fresh issue proceeds for debt repayment.

However, investors should not make an investment decision based only on revenue growth or IPO market sentiment.

The valuation of approximately ₹4,438 crore at the upper price band should be compared with the company's earnings, cash flows, debt position and valuations of listed agrochemical companies.

The company's ability to maintain profitability, manage working capital and compete in India's agricultural market will be important factors for its long-term performance.

Investors should read the Red Herring Prospectus (RHP) and consult a qualified financial adviser before applying.

Conclusion

Crystal Crop Protection IPO 2026 is an upcoming public issue worth approximately ₹455.49 crore, with a price band of ₹259–₹272 per share.

The IPO will open on November 18 and close on November 20, 2026. The company plans to use the proceeds from its fresh issue primarily for debt repayment, alongside strategic growth initiatives.

With its established presence in the agricultural sector and reported financial growth, Crystal Crop Protection is a company worth tracking in the upcoming IPO market.

However, investors should carefully evaluate the company's valuation, financial position, business risks and future growth prospects before making an investment decision.

Disclaimer: This article is intended for educational and informational purposes only. It does not constitute investment advice or a recommendation to apply for the IPO. Investments in the securities market are subject to market risks. Please read the RHP carefully and consult a SEBI-registered investment adviser before investing.