IFC-backed Crystal Crop Protection Files IPO for Rs 600 Cr, Aims to Cut Debt

• Crystal Crop Protection, backed by IFC, filed IPO papers with SEBI for a fresh issue of Rs 600 crore.
• The IPO includes an offer-for-sale of 74.05 lakh shares by promoters, IFC, and IFC Emerging Asia Fund.
• A significant portion of the fresh issue, Rs 465.5 crore, will be used to reduce the company's debt.
• The company reported a profit of Rs 153.5 crore on revenue of Rs 1,978 crore for April-September 2025.
• Crystal Crop Protection plans to expand with a new plant in Jhagadia, Gujarat, and operates multiple manufacturing and seed processing units.

Why It Matters: Crystal Crop Protection launches IPO to raise Rs 600 crore, primarily for debt reduction and expansion.