India Pesticides Limited

India Pesticides Limited IPO Review

India Pesticides is a R&D driven agro-substance creator of Technical with a making Formulations business. It is one of the fastest creating Agro-engineered intensifies associations to the extent volume of Technical made. It recorded 37.17% year-on-year development in Technical fabricating (by volume) between Fiscal 2020 and Fiscal 2021, arriving at over 75% plant working rate. The organization fabricated 15,003 MT of Technical in FY2021. 

The organization is the sole Indian maker of five Technical and among the main makers around the world for Captan, Folpet and Thiocarbamate Herbicide, as far as creation limit. Since beginning tasks in 1984, it has enhanced into assembling herbicide and fungicide Technical and dynamic drug fixings (APIs). It likewise makes herbicide, insect poison and fungicide Formulations. 

The organization’s R&D endeavors have prompted improvement of cycles to make three conventional off-patent Technicals since Fiscal 2018 and it is right now during the time spent creating measures for specific Technical, including two fungicides, two herbicides, two insect sprays and two intermediates. 

Its Technical items are principally sent out while homegrown business sectors are the objective for Formulations items. Fares contributed 56.71% of its income from tasks in FY2021. Its Technical are traded to more than 25 nations remembering Australia and different nations for North and South America, Europe, Asia and Africa.

Subscription Dates

23 – 25 June 2021

Price Band

INR290 – 296 per share

Fresh issue

INR100 crore

Offer For Sale

INR700 crore

Total IPO size

INR800 crore

Minimum bid (lot size)

50 shares

Face Value 

INR1 per share

Retail Allocation

35%

Listing On

NSE, BSE

 

FY2019

FY2020

FY2021

Revenue

346.0

489.7

655.4

Expenses

284.9

396.4

475.4

Comprehensive income

43.9

70.6

134.9

Margin (%)

12.7

14.4

20.6

Earnings Per Share (EPS): INR12.07

Price/Earnings (PE ratio): 24.02 – 24.52

Return on Net Worth (RONW): 34.54%

Net Asset Value (NAV): INR34.94 per share

 

Date

GMP (in Rs)

Subject to Sauda

Kostak (in Rs)

04 July 2021

55

2700

600

03 July 2021

52

1800

500

02 July 2021

48

1200

600

01 July 2021

56

3500

500

30 June 2021

54

1500

500

Listing Performance of India Pesticides Limited IPO

Company Name

Listed On

Issue Price

Listing Day Close

Listing Day Gain

India Pesticides Limited

Jul 05, 2021

296

343.15

15.93

NSE : IPL

BSE : 543311ISIN 

CODE : INE0D6701023

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IPO Opening Date: 23 June 2021

IPO Closing Date: 25 June 2021

Finalisation of Basis of Allotment: 30 June 2021

Initiation of refunds: 1 July 2021

Transfer of shares to demat accounts: 2 July 2021

Listing Date: 5 July 2021

Opening Price on NSE: INR350 per share (up 18.24% from IPO price)

Closing Price on NSE: Coming soon

India Pesticides Limited

Swarup Cold Storage Compound,

 Water Works Road, Aishbagh,

Lucknow 226 004, Uttar Pradesh

Phone: +91 0522 2653602

Email: investor@indiapesticideslimited.com

Website: www.indiapesticideslimited.com

KFin Technologies Private Limited 

Selenium Tower B, Plot 31-32, Gachibowli, 

Nanakramguda, Hyderabad – 500 032, 

Telangana

Phone: +91 40 6716 2222 

Fax: +91 40 2343 1551

Email: einward.ris@kfintech.com

Website: www.kfintech.com

Category

Shares offered

Subscription (no. of times, at 5 PM)

Day 1

Day 2

Day 3

QIB

55,17,241

0.00

2.31

42.95

NII

41,37,931

0.19

0.91

51.87

Retail

96,55,173

2.50

5.87

11.31

Total

1,93,10,345

1.29

3.79

29.04

India Pesticides Limited IPO FAQ's

India Pesticides IPO is a main-board IPO of [.] equity shares of the face value of ₹1 aggregating up to ₹800.00 Crores. The issue is priced at ₹290 to ₹296 per equity share. The minimum order quantity is 50 Shares.The initial public offering (IPO) begins on   Jun 23, 2021 and ends on Jun 25, 2021.The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the BSE and NSE.

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

India Pesticides IPO lot size is 50 Shares and the minimum order quantity is 50 Shares.

India Pesticides IPO  can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications..Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.



The Basis of Allotment for India Pesticides IPO will be done on Jun 30, 2021, and the allotted shares will be credited to your demat account by Jul 2, 2021. 

The India Pesticides IPO listing date is on Monday, July 5, 2021.

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India Pesticides Limited IPO Comments