India Pesticides Limited IPO

Mainboard

Pesticides & Agrochemicals

Listed On: Jul 5, 2021 at ₹ 350(NSE)

₹ 14800 /50 Shares

Check Allotment

Price Summary

Last Closing

212.00 (-28.38%)

52 Week High

431.75

52 Week Low

191.50

Last Update

20-Sep-2024 3:30 PM

IPO Details

23 Jun, 2021

Open Date

25 Jun, 2021

Close Date

30 Jun, 2021

Allotment Date

05 Jul, 2021

Listing Date

Issue Price

₹290 to ₹296 per equity share

Face Value

₹1 Per Equity Share

Listing at Group

BSE, NSE

Registrar

KFintech Private Limited

List Price

350(NSE)

Listing Date

2021-07-05

Market Lot

50 Shares (₹14,800/-)

Lead Manager

Axis Capital Limited, JM Financial Consultants Private Limited

Issue 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)

Retail Portion

35%

Subscription

29.04 times

IPO Docs

DRHP RHP

IPO Subscription Details

As on	QIB	NII	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

Total No. of Applications: 1659315 (Approx)

Retail Subscription on the basis of Applications: 8.59 times

Valuations

Earnings Per Share (EPS)

₹11.71/-

P/E Ratio

25.27

RoNW

34.54%

Net Asset Value (NAV) - As on 31.03.21

₹34.94/-

Company Financials All values are in ₹ Cr.

	31-Mar-21	31-Mar-20	31-Mar-19	31-Mar-18
Assets	517.08	365.70	317.23	240.36
Revenue	655.37	489.72	346.04	255.85
Profit After Tax	134.53	70.79	43.92	32.80

About The 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.

- Promoter(s)

Pre Issue Share Holding: 82.68%

Post Issue Share Holding: N/A%

Company Promoter(s)

Anand Swarup Agarwal
The ASA Family Trust

IPO - Issue Objectives

To finance the working capital requirements of the company.
To meet general corporate purposes.

IPO - Anchor Investors

India Pesticides mobilises Rs 240 crore from 16 anchor investors, ahead of IPO

Foreign portfolio investors which participated in the anchor book were Abu Dhabi Investment Authority (ADIA), Integrated Core Strategies, Tara Emerging Asia, and BNP Paribas

Amongst the domestic investors, SBI Mutual Fund, Nippon Mutual Fund, Bajaj Allianz Life Insurance, and Bharti Axa Life Insurance also picked up stake in the company

IPO - FAQs

Ans. India Pesticides Limited IPO is a Mainboard IPO. The issue is priced at ₹290 to ₹296 per equity share. The minimum order quantity is 50 Shares. The IPO opens on Jun 23, 2021, and closes on Jun 25, 2021. KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The India Pesticides Limited IPO opens on Jun 23, 2021 and closes on Jun 25, 2021.

Ans. The size of India Pesticides Limited IPO is 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).

Ans. The IPO price band is set between ₹290 to ₹296 per equity share.

Ans. To apply for India Pesticides Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find India Pesticides Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of India Pesticides Limited IPO is Jun 30, 2021.

Ans. The India Pesticides Limited IPO will be listed on Jul 5, 2021.

Ans. Follow the steps to check the allotment status for India Pesticides Limited IPO here.