India Pesticides Limited IPO
Mainboard₹14,800 / 50 Shares
India Pesticides Limited IPO Details
The India Pesticides Limited IPO price band is set between ₹290 to ₹296 per equity share, with a face value of ₹1 per share. The issue is managed by KFintech Private Limited, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 23 Jun, 2021 and closes on 25 Jun, 2021. Investors can check the allotment status on 30 Jun, 2021, while the listing date is tentatively scheduled for 5 Jul, 2021.
The total issue size is 2,70,27,027 Eq Shares of ₹1 , aggregating up to ₹800.00 Cr. Stay tuned for the latest India Pesticides Limited IPO review and GMP updates.
India Pesticides Limited IPO Review, Rating & Analysis
India Pesticides Limited IPO Review
NO REVIEWIndia Pesticides Limited IPO Rating
India Pesticides Limited IPO Highlights
IPO Date
Jun 23, 2021 - Jun 25, 2021
Listing Date
5 Jul, 2021
Face Value
₹1 Per Equity Share
Price Band
₹290 to ₹296 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
India Pesticides Limited IPO Lot Size
The minimum market lot for India Pesticides Limited IPO is 50 shares with an application amount of ₹14,800. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹14,800 |
| Retail (Max) | 13 | 650 | ₹1,92,400 |
| S-HNI (Min) | 14 | 700 | ₹2,07,200 |
| S-HNI (Max) | 67 | 3350 | ₹9,91,600 |
| B-HNI (Min) | 68 | 3400 | ₹10,06,400 |
India Pesticides Limited IPO Timeline
Issue Price
₹290 to ₹296 per equity shareFace Value
₹1 Per Equity ShareListing at Group
BSE, NSERegistrar
KFintech Private LimitedLead Manager
Axis Capital Limited, JM Financial Consultants Private LimitedIssue Size
2,70,27,027 Eq Shares of ₹1 (aggregating up to ₹800.00 Cr)#Fresh Issue: 33,78,378 Eq Shares of ₹1 (aggregating up to ₹100.00 Cr) #Offer for Sale: 2,36,48,649 Eq Shares of ₹1 (aggregating up to ₹700.00 Cr)India Pesticides Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 21 | 517.08 | 655.37 | 134.53 | - | - | - |
| 31 Mar 20 | 365.70 | 489.72 | 70.79 | - | - | - |
| 31 Mar 19 | 317.23 | 346.04 | 43.92 | - | - | - |
| 31 Mar 18 | 240.36 | 255.85 | 32.80 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Anand Swarup Agarwal
- The ASA Family Trust
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 82.68% | N/A% |
About Company
India Pesticides Limited (IPL) is one of the leading agrochemicals manufacturers in India. The company operates in two business verticals; 1 Technicals and 2. Formulations. It manufactures herbicide, fungicide Technicals, and Active Pharmaceuticals Ingredients (APIs). It is the sole Indian manufacturer of several Technicals i.e. Folpet, Thiocarbamate, and Herbicide. The company also manufactures 30+ formulations of insecticides, fungicides, and herbicides.
Its Technicals are majorly exported to 20+ countries including Australia, Asia, Africa, and European countries, contributed 62% of technical segment revenues in Fiscal 2020. However, agrochemical formulations are primarily sold to domestic crop protection manufacturers i.e. Syngentia Asia Pte Ltd, UPL Ltd, ASCENZA AGRO, S.A., Conquest Crop Protection Pty Ltd, Sharda Cropchem Limited, and Stotras Pty Ltd.
Currently, the firm has two manufacturing plants UPSIDC Industrial Area at Dewa Road, Lucknow and Sandila, Hardoi in Uttar Pradesh, India with an installed capacity of 19,500 MT for agrochemicals and 6500 MT for formulations.
India Pesticides Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 55,17,241 | 41,37,931 | 96,55,173 | 1,93,10,345 |
Day 1 -23-06-20 05:00 PM | 0.00 x | 0.19 | 2.51 x | 1.30 x |
Day 2 -24-06-20 04:45 PM | 2.31 x | 0.91 | 5.87 x | 3.79 x |
Day 3 -25-06-20 05:00 PM | 42.95 x | 51.87 | 11.31 x | 29.04 x |
8.59 times
Frequently Asked Questions about India Pesticides Limited IPO IPO
When will India Pesticides Limited IPO open for subscription?
The India Pesticides Limited IPO opens on 23 Jun, 2021 and closes on 25 Jun, 2021.
What is the investors portion for India Pesticides Limited IPO?
The investors' portion for QIB is 42.95 x, NII is 51.87, and Retail is 11.31 x.
How to apply for India Pesticides Limited IPO?
You can apply for India Pesticides Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of India Pesticides Limited IPO?
The issue size of India Pesticides Limited IPO is approx ₹2,70,27,027 Eq Shares of ₹1 (aggregating up to ₹800.00 Cr)#Fresh Issue: 33,78,378 Eq Shares of ₹1 (aggregating up to ₹100.00 Cr) #Offer for Sale: 2,36,48,649 Eq Shares of ₹1 (aggregating up to ₹700.00 Cr) crores.
What is the price band of India Pesticides Limited IPO?
The price band for India Pesticides Limited IPO is ₹290 to ₹296 per equity share to ₹undefined.
What is the lot size of India Pesticides Limited IPO?
The minimum bid (lot size) for India Pesticides Limited IPO is N/A shares with an investment of approx ₹14,800 .
What is the allotment date of India Pesticides Limited IPO?
The allotment date for India Pesticides Limited IPO is 30 Jun, 2021.
What is the listing date of India Pesticides Limited IPO?
The listing date for India Pesticides Limited IPO is expected to be 5 Jul, 2021.
What is the GMP of India Pesticides Limited IPO?
The latest Grey Market Premium (GMP) for India Pesticides Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.