India Pesticides Limited IPO (India Pesticides IPO)

India Pesticides IPO
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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.

India Pesticides IPO

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

ParticularsFor the year/period ended (₹ in million)
30-Sep-2031-Mar-2031-Mar-1931-Mar-18
Total Assets4,927.123,657.023,172.372,403.62
Total Revenue3,372.434,897.273,460.422,558.57
Profit After Tax724.97707.99439.21328.06

Objects of the Issue

  • To fiannce the working capital requirements of the company.
  • To meet general corporate purposes.
Object Of The Issue
India Pesticides IPO

India Pesticides IPO Details

IPO Opening Date23 June 2021
IPO Closing Date25 June 2021
Issue TypeBook Built Issue IPO
Issue Size800 Cr
Face Value₹1 per equity share
IPO Price[290] to [296] Per Equity Share
Market Lot50 Shares
Min Order Quantity50 Shares
Listing AtBSE, NSE
Total Share Issue2,70,27,027 Equity Shares

India Pesticides IPO – Schedule

IPO Open Date23 June 2021
IPO Close Date25 June 2021
Finalization of Basis of Allotment30 June 2021
Initiation of Refunds03 June 2021
Credit of Shares to Demat Account04 June 2021
IPO Listing Date05 July 2021

India Pesticides IPO Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Minimum15014,800
Maximum136501,92,400

India Pesticides IPO: How To Apply

Promoters play a very important role in raising much-needed business revenue.

How To Apply IPO
India Pesticides IPO

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
Websitehttps://www.indiapesticideslimited.com/

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