India Pesticides is launching its IPO. The company aims to raise Rs. 800 crores through the public offering which comprises fresh issue of equity shares aggregating up to Rs. 100 crore and an offer for sale of equity shares aggregating up to Rs. 700 crores.
About the company:
India Pesticides Limited is one of the leading agrochemical manufacturers in India. The company operates in two distinct business verticals, manufacturing of Technicals that are used in the manufacture of fungicides and herbicides as well as APIs (Active Pharmaceuticals Ingredients) with applications in dermatological products, it is the sole Indian manufacturer of five Technicals and among the leading manufacturers globally for Captan, Folpet and Thiocarbamate Herbicide, in terms of production capacity. The company exports its technicals to over 25 countries including Australia and other countries in North and South America, Europe, Asia, and Africa, contributing to 56.71% of its revenue from operations in Fiscal 2021. As of March 31, 2021. The company also manufactures and sells over 30 formulations of insecticides, fungicides, and herbicides, growth regulators, and Acaricides, which are ready-to-use products.
|Financial Year Ended||Revenue (₹ Crores)||PAT (₹ Crores)||EPS (₹)|
For more information you can refer to the IPO Prospectus filed by the company.
|Issue Period||23rd June 2021 - 25th June 2021|
|Price Range||₹ 290 - 296|
|Minimum Bid Quantity||50 and in multiples thereof|
|Finalisation of Allotment||30th June 2021|
|Initiation of Refunds||1st July 2021|
|Credit of Shares||2nd July 2021|
|Listing Date||5th July 2021|
How do I apply to the India Pesticides IPO?
You can apply for the India Pesticides IPO using any supported UPI app by following two steps:
Enter your bid on Console
Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.