Compiled in 1984, India Pesticides Limited (IPL) is one of India’s leading producers of agrochemicals. The company operates on two business verticals; 1 Technology and 2 Construction. Develop herbicide, fungicide technicals, and Active Pharmaceuticals Ingredients (APIs).
It is the only Indian manufacturer of many Technologies namely Folpet, Thiocarbamate, and Herbicide. The company also produces 30+ formulations of insecticides, fungicides, and herbicides.
Its technology is widely exported to 20+ countries including Australia, Asia, Africa and European countries, contributing 62% of technical revenue to Fiscal 2020.
However, agrochemical production is mainly sold to domestic plant protection manufacturers namely Syngentia Asia Pte Ltd, UPL Ltd, ASCENZA AGRO, SA, Conquest Crop Protection Pty Ltd, Sharda Cropchem Limited, and Stotras Pty Ltd.
Currently, the factory has two manufacturing facilities for the UPSIDC Industrial Area in Dewa Road, Lucknow and Sandila, Hardi in Uttar Pradesh, India with an installed capacity of 19,500 MT agrochemicals and 6500 MT for construction.
Competitive strengths
- Among the top 5 global players of Folpet, Thiocarbamate, and Herbicide Technicals.
- Diversified product portfolio with specialized products.
- Domestic as well as international market presence.
- Consistent track record of financial performance.
- Strong Research & Development (R&D) capabilities.
Company Promoters
Anand Swarup Agarwal and the ASA Family Trust are the company promoters.
Company Financials
| Particulars | For the year/period ended (₹ in million) | |||
|---|---|---|---|---|
| 30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 4,927.12 | 3,657.02 | 3,172.37 | 2,403.62 |
| Total Revenue | 3,372.43 | 4,897.27 | 3,460.42 | 2,558.57 |
| Profit After Tax | 724.97 | 707.99 | 439.21 | 328.06 |
Objects of the Issue
- To fiannce the working capital requirements of the company.
- To meet general corporate purposes.
India Pesticides IPO Details
| IPO Opening Date | 23 June 2021 |
| IPO Closing Date | 25 June 2021 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 800 Cr |
| Face Value | ₹1 per equity share |
| IPO Price | [290] to [296] Per Equity Share |
| Market Lot | 50 Shares |
| Min Order Quantity | 50 Shares |
| Listing At | BSE, NSE |
| Total Share Issue | 2,70,27,027 Equity Shares |
India Pesticides IPO – Schedule
| IPO Open Date | 23 June 2021 |
| IPO Close Date | 25 June 2021 |
| Finalization of Basis of Allotment | 30 June 2021 |
| Initiation of Refunds | 03 June 2021 |
| Credit of Shares to Demat Account | 04 June 2021 |
| IPO Listing Date | 05 July 2021 |
India Pesticides IPO Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 50 | 14,800 |
| Maximum | 13 | 650 | 1,92,400 |
India Pesticides IPO: How To Apply
Promoters play a very important role in raising much-needed business revenue.
Apply For India Pesticides IPO Through ASBA
First, you should know what ASBA is. ASBA stands for Restricted Application Support. It is an application by the bank to apply for an IPO.
You apply with ASBA through the bank because initially, the bank covers the cost of purchasing the IPO. This amount is deducted from your account only after receiving IPO share shares in your Demat account.
All the major banks in the country are expanding the ASBA center. There are about 30 banks on the list, some of which are IDBI Bank Limited, Citi Bank, Punjab National Bank, etc.
The center may be expanded once they have been authorized to do so. These banks block the corresponding amount until the IPO allocation process is finalized.
Now, most of you are probably thinking about how to use the India Pesticides IPO with ASBA. The process can be completed online or offline for your convenience.
Apart from this, you can also bid for an India Pesticides IPO through your stockbroker’s online portal (such as Zerodha, Edelweiss, Motilal Oswal, etc.)
Company Contact Information
| India Pesticides Limited 35-A, Civil Lines Bareilly 243 001, Phone: +91 05812567459 Email: investor@indiapesticideslimited.com Website: https://www.indiapesticideslimited.com/ |
