India Pesticides Limited IPO Message Board (Page 25)

Glenmark Life Sciences, a fully-owned subsidiary firm of Glenmark Pharmaceuticals is expected to come up with its public issue in July to raise a sum of upto Rs. 1700 crore. As per the final valuation, the issue size is expected to be between Rs. 1500 crore- Rs. 1700 crore

Kotak Mahindra Capital, BofA Securities, Goldman Sachs, DAM Capital, SBI Capital and BoB Capital are the investment bankers

Trilegal & S&R Associates are the legal advisors.

Hello , If i buy a share of Glenmark Pharmaceuticals on Monday ( 21 Jun ), will i be eligible to apply in Shareholder category . Please advise.

Yes you will be eligible. Cutoff date for sh quota will be the RHP date. RHP has not yet been filed

hello guys,(TEAM CHITTORGARH MY MISTAKE IN THE PREVIOUS POST SO CHNGE IT WITH THIS NEW POST)

In IPL IPO after fulfill, total share 11,51,64,201 shares IN WHICH FRESH ISSUE WORTH 100 CR (33,78,378) SHARS.

market cap at 296 price is 3408.86 CR

Promoter sold 700CR worth shares means among 9,24,24,517 - 2,36,48,649 = 6,87,75,868 shares.

they have after IPO means 59.72% shares(6,87,75,868)
and other hold 40.28% shares(4,63,88,333)

* Majority promoters share acquisition price is less than only three paisa (Rs 0.03), DRHP PAGE NO 23/318.

* FV IS RS 1.

LATEST
* EPS=(134.53 cr) / TOTAL SHARE(11,17,85,823) = RS. 12.04
* PE=296 / 12.04 = 24.59

LET SEE THE GREY MARKEY PREMIUM ... FOME THE IPO GURU

To seedhe seedhe saral bhasa me bolo na :)

3 paise wali cheej 300 ke aaspass bik rahi hai mehngi nahi hai kya

Fundamentals looking very strong, growths rates support even higher price.I am applying. If none alloted I will buy from secondary market.

hello guys,
In IPL IPO after fulfill, total share 11,51,64,201 shares
market cap at 296 price is 3408.86 CR
promoter sold 800CR worth share means among 9,24,24,517 - 2,70,27,027 = 6,53,97,490 shares.
they have after IPO means 56.79% shares(6,53,97,490)
and other hold 43.21% shares(4,97,66,771)

* majority promoter share acquisition price is less than only three paisa (Rs 0.03), DRHP PAGE NO 23/318.

*FV IS RS 1.

LET SEE THE GREY MARKEY PREMIUM ... FOME THE IPO GURU

Gmp of India pesticides is 98 - 100 rs..
Touch new high every day..
I hope increase next week also..

Hi All
I feel not comfortable in posting my openion in this site.
When i recommended Gland Pharma for investment, people critised me being anti national and recommending them to invest in chinese company..
I love my country and express my patriotism being honest, paying all taxes on time and questioning the issues.
I am here to make investments and encourage the enterprenuers across the globe who follows the high standards of corporate governance.
Being democratic country we have fredoom of speech and expression.
I urge people not to comment them as being anti national for expressing personal views.

Dear Chittorgarh Team,

Nowadays many IPO guru & experts not posting their views and GMP on this platform.

I request you to please contact them and get them back .
Also please do share GMP on daily basis as everyone can trust on your quoted GMP for particular day/time.

Sahi kaha...agar GMP nhi mila is page me..to humlog todi na is page me ayenge...better benefit k liye aap humlogo k liye at leat 5 share intraday/shortterm/long term shares bataye...

On a lighter note.

Pheli baat aapko kisi ne Bulaya nahi page per aur aap khud apne marzi se aaye. Famous quote by baba ka Dhaba.

Free mai jo mil raha hai le lo, jyada tips chahiye to advisory service join kar lo.

🌟 India Pesticides IPO

🔸Basic Details
Issue Dates : 23-25 June
Issue Size : Rs 800 Crore
Price Band : Rs 290-296
Bid Lot Size : 50 Shares
Application Amount : Rs 14,800
Retail Quota : 35%
Total Application for Retailer :1,89,189
Registrar - Kfintech

🔸Fundamentals of Company:
EPS 20-21: Rs 12.07
PE Ratio: 24.66
PB Ratio: 6.96

🔸GMP Update
Current GMP: 90-92 Per share
Expected Listing Gain: Approx. Rs 4,500

What is book value per share?

Considering the higher growth trajectory, 296 seems to be reasonable. I will go for this...

Face value price is Rs 1 so issue price is 2960 if we consider for Rs 10 FV

@Rajeshbhai - Face value is not the criteria or parameter for correct or reasonable price.
Factors that matters are -- what are their past 3 years CAGR and what will be the future growth rate. Also they are sole Indian manufacturer and among the top 5 producers globally for several Technicals, such as Folpet and Thiocarbamate Herbicide.

🌟 *India Pesticides IPO*
🔸Basic Details
Issue Dates : 23-25 June
Issue Size : Rs 800 Crore
Price Band : Rs 290-296
Bid Lot Size : 50 Shares
Application Amount : Rs 14,800
Retail Quota : 35%
Total Application for Retailer : 1,65,541
Registrar - Kfintech
🔸Fundamentals of Company:
EPS 20-21: Rs 12.07
PE Ratio: 24.66
PB Ratio: 6.96

On which basis you calculate retail application 1,65,541

Keep in mind Issue size 800 Crore not 700 Cr

So don''t post wrong info here

Glenmark Pharmaceuticals is likely to launch the much awaited IPO (initial public offer) of its API (active pharmaceutical ingredients) arm Glenmark Life Sciences in July 2021 and raise upto Rs 1,700 crores.

India Pesticides GMP starts with bang !!!
GMP is 95-105 now

FV of India pesticides is Rs 1 while upper band 296 so if Consider it as Rs 10 FV then price charged is Rs 2960.

So i think little room for profit

Pl comment

I think that is not the right way to decide if valuations are right.

Bajaj Finserv has a FV of 5 and it''s share price is 12,000 rupees, so for Rs 10 FV it would cost Rs 24,000. Is this information enough to say that it is too costly? I don''t think so. We should look at EPS and PE multiples to decide that.

For India pesticides, the FY21 EPS (post issue) would be close to Rs. 11.7/share. At a share price of Rs. 296, that''s a PE multiple of 25x.

Is that too much? Is this company in this industry worth enough to justify a 25x PE? Is there room for more growth?

I personally think there is. But that''s my opinion.

Promoters Looked Confident during Pre-IPO Analysts Meet Today......

How can I find the post-issue promoter holding %? Anyone?

I see no red flags except for the slightly high PB of 8.47. Will apply with full force.

Its 12.43 PM, Last day of Issue subscription.
Strength of Issue
1) Hospital - Positive Trending sector
2) Website looks promising, seems good operation work.
3)Total - 3,600 Bad Capacity , good Sign
4)After adding money from IPO, may setup new Hospital and improve their facility.
5)Profit making company, trend positive.

The only thing i concerned over here is that Mutual Fund has not subscribed to this except 60K application on BSE Platform, But once the MF section is subscribed well , I will apply for 3 Lots...

Yeah,, I thought i posted on KIMS. But nevertheless good subscription, I applied for 3 lots from Retail

@Rafiq, final subscription numbers look good. Accepted UPI mandate for one lot.

This ipo is promising

When I was a child and used to work on our farms, Sometimes I helped my father for spreading pesticides on crops, I remembered the IPL logo on fertilizers aluminum bottles/packets.
For long this company is carrying and leading its legacy. 
No problem at all about the company future, let''s wait for the price band.

Cautions:Please carefully wash and clean your vegetables/fruits before you consume them.

Pesticides are a necessity of farmers and unavoidable, without them, farmers can''t really grow crops properly.

Organic Farming is too costly and production is also very less, Farming without pesticides will not be going to feed all Indians'' vegetables/fruits demand.

Mota bhai grey me bhav chale to ipo chale ... Varna listing flop... Fir secondary market me aane ke bad bhale 10x ho jaye.. Simple logic .

Ekdam barabar, waise bhav chalu huva kya nahi, our kitana bhav hai?

Nothing wrong in this ipo
Simply apply with full force.

GMP Started for India Pesticides Limited IPO
60rs Buyer
Might go to 100-125 Till 23rd May if Market Remains Stable