Crystal Crop Protection files for ₹600cr IPO
Crystal Crop Protection, a major name in crop protection, is looking to raise ₹600 crore through an IPO recently filed with SEBI.
The offer includes both fresh shares and a sale by existing investors like International Finance Corporation and IFC Emerging Asia Fund LP.
What does Crystal Crop Protection actually do?
Founded in 1994, the company makes products ranging from herbicides and fungicides to bio-stimulants, plant growth regulators, and seeds—helping farmers protect and boost their crops.
Crystal Crop Protection operates in India's crop protection market, which was worth $5.5 billion in FY25.
Other key details
Most of the IPO funds will go toward paying off company debts (including those of its subsidiary Saffire Crop Science) and possible new acquisitions.
As of December 22, 2025, Crystal's market capitalization was about ₹3,056 crore, with its unlisted shares trading at ₹241 per share.
In FY25, they reported revenue of ₹2,731.94 million and profit after tax of ₹118.39 million.
The Indian crop protection sector itself is growing fast—expected to hit $8.5 billion by FY30.