₹14,960 a Lot: Crystal Crop Protection IPO GMP and Key Dates

The Crystal Crop Protection IPO GMP was ₹48 a share at one point on November 13. By the early hours of November 14, it had fallen to ₹40, and the issue does not even open until November 18.

That still points to a listing near ₹312 against an upper price of ₹272. But a premium that drops before a single retail bid is placed tells you how fast grey market mood can turn.

Here is what the ₹455.49 crore agrochemicals IPO costs, when each step happens, and what the numbers say before you apply.

Quick answer

• Price band: ₹259 to ₹272 a share, lot size 55 shares, so one lot costs ₹14,960 at the upper end.
• Dates: opens November 18, closes November 20, allotment November 23, listing on NSE and BSE on November 26.
• Latest GMP: ₹40, about 14.7% over the issue price, down from a high of ₹48.
• Valuation: 24.59 times FY26 earnings at the upper band, against a peer average of 20.07 times.

This is general education, not a recommendation to buy or sell; check with a SEBI-registered adviser before you invest.

What is the Crystal Crop Protection IPO price band and lot size?

The Crystal Crop Protection IPO price band is ₹259 to ₹272 a share, and one lot has 55 shares, so a retail investor needs at least ₹14,960 to bid.

Retail investors "will need to invest a minimum of Rs 14,960 for one lot at the upper end of the price band" (The Economic Times).

The total issue size is ₹455.49 crore. Of that, a fresh issue of 1.31 crore shares brings in ₹354.77 crore for the company. An offer for sale of 37.03 lakh shares worth ₹100.71 crore goes to existing shareholders, not the business.

Eligible employees get a discount of ₹25 a share in their reserved portion.

At the upper band, the company is seeking a valuation of around ₹4,438 crore (Moneycontrol).

If you are new to bidding, our guide to investing in IPOs in India covers the basics of applying through UPI and your broker.

Key numbers from ₹14,960 a Lot: Crystal Crop Protection IPO GMP and Key Dates: ₹47 First quote (Nov 13); ₹48 High (Nov 13); ₹45 Nov 13 afternoon; ₹40 Latest (Nov 14)

What is the Crystal Crop Protection IPO GMP today?

The Crystal Crop Protection IPO GMP today is ₹40 a share, or about 14.7% over the ₹272 issue price, which implies a listing price near ₹312.

IPO Cracker's tracker shows the premium first quoted at ₹47, touching ₹48, then sliding to ₹40, a decline of ₹7 across its 5 records (IPO Cracker).

Bar chart of Crystal Crop Protection IPO GMP: ₹47 first quote, ₹48 high, ₹45 on Nov 13 afternoon, ₹40 latest on Nov 14

Source: IPO Cracker

GMPWatch puts the indicative profit at ₹2,200 per lot at the current premium, before brokerage, taxes and charges (GMPWatch).

Moneycontrol notes the grey market premium "is an unofficial indicator of investor sentiment and does not guarantee listing gains." It is not a price set by any exchange or regulator.

What most guides miss: the GMP has already dropped from ₹48 to ₹40 before anchor bidding on November 17. On one lot, that is the difference between hoping for a ₹2,200 gain and remembering that the grey market can keep moving the same way after you have locked in ₹14,960.

When does the Crystal Crop Protection IPO open, and when is allotment?

The Crystal Crop Protection IPO opens on November 18 and closes on November 20, with allotment expected on November 23 and listing on November 26.

Anchor investors bid on November 17, and refunds and demat credit are scheduled for November 25 (Moneycontrol).

MUFG Intime India is the registrar, so that is where you check allotment status. IIFL Capital Services, DAM Capital Advisors and Motilal Oswal Investment Advisors are the book-running lead managers.

Is the Crystal Crop Protection IPO priced higher than its peers?

Yes, on earnings it is priced above its listed peers: 24.59 times FY26 diluted EPS at the upper band, against an industry peer average of 20.07 times.

At the lower band, the P/E is 23.42 times, and the weighted average return on net worth over the last three financial years was 7.06% (The Economic Times).

That return figure matters. A premium P/E is easier to defend when the business earns high returns on its equity.

Look at where the fresh money goes, too. Only ₹31.29 crore is set aside to repay borrowings, plus ₹2.21 crore for its subsidiary Saffire Crop Science to cut its debt. The rest is for unidentified acquisitions and general corporate purposes.

What does Crystal Crop Protection do?

Crystal Crop Protection is a New Delhi-based crop solutions company, established in 1994, that sells agrochemicals and seeds to farmers across India.

It offers over 174 crop protection brands and has a network of over 13,000 distributors and 36 distribution centres, according to The Economic Times.

Its products include herbicides, fungicides, insecticides, bio-stimulants, plant growth regulators and seeds for field crops, vegetables and flowers. It exports crop protection products to Bangladesh, Nepal, Africa and Asia, and seeds to Japan, the US and Thailand.

Manufacturing and seed-processing plants are spread across Haryana, Gujarat, Jammu & Kashmir, Maharashtra, Telangana and Karnataka, with an R&D centre in Sonipat.

Checklist for ₹14,960 a Lot: Crystal Crop Protection IPO GMP and Key Dates: 1. Price band:; 2. Dates:; 3. Latest GMP:; 4. Valuation:

FAQs

What is the Crystal Crop Protection IPO GMP today?

The latest GMP is ₹40 a share, about 14.7% over the upper price of ₹272, implying a listing near ₹312. GMP is unofficial and can change before listing.

What is the minimum investment for the Crystal Crop Protection IPO?

One lot of 55 shares costs ₹14,960 at the upper price band of ₹272.

When is the Crystal Crop Protection IPO allotment date?

The basis of allotment is expected on November 23, with refunds and demat credit on November 25 and listing on November 26.

Who is the registrar for the Crystal Crop Protection IPO?

MUFG Intime India is the registrar, so allotment status can be checked on its website after November 23.

Expert review: pending.

This article is for education only and is not investment advice. IPO investments carry market risk; GMP is unofficial and listing gains are not guaranteed. Read the offer document and consult a SEBI-registered adviser before you invest.

Related reading

• How to Invest in IPO in India: Allotment, GMP and Tax
• 40x, Yet 1 in 10 Odds: How to Check IPO Subscription Status
• ₹9 GMP, ₹14,924 a Lot: Special Steels IPO Opens Oct 29

Sources

• The Economic Times: Crystal Crop Protection sets price band for Rs 455.49 crore IPO, issue opens on November 18
• The Economic Times: Crystal Crop Protection IPO GMP signals 18% potential listing gains
• Moneycontrol: Crystal Crop Protection IPO GMP at 17% ahead of issue opening on November 18
• IPO Cracker: Crystal Crop Protection IPO GMP Today and Live Updates
• GMPWatch: Crystal Crop Protection IPO GMP Today