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Incorporated in 1984, India Pesticides Limited (IPL) is one of the leading agrochemicals manufacturers in India. The company operates in two business verticals; 1 Technicals and 2. Formulations. It manufactures herbicide, fungicide Technicals, and Active Pharmaceuticals Ingredients (APIs). It is the sole Indian manufacturer of several Technicals i.e. Folpet, Thiocarbamate, and Herbicide. The company also manufactures 30+ formulations of insecticides, fungicides, and herbicides.
Its Technicals are majorly exported to 20+ countries including Australia, Asia, Africa, and European countries, contributed 62% of technical segment revenues in Fiscal 2020. However, agrochemical formulations are primarily sold to domestic crop protection manufacturers i.e. Syngentia Asia Pte Ltd, UPL Ltd, ASCENZA AGRO, S.A., Conquest Crop Protection Pty Ltd, Sharda Cropchem Limited, and Stotras Pty Ltd.
Currently, the firm has two manufacturing plants UPSIDC Industrial Area at Dewa Road, Lucknow and Sandila, Hardoi in Uttar Pradesh, India with an installed capacity of 19,500 MT for agrochemicals and 6500 MT for formulations.
Competitive strengths
| Particulars | For the year/period ended (₹ in million) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 5,170.80 | 3,657.02 | 3,172.37 | ||
| Total Revenue | 6,553.77 | 4,897.27 | 3,460.42 | ||
| Profit After Tax | 1,345.32 | 707.99 | 439.21 | ||
| IPO Date | Jun 23, 2021 to Jun 25, 2021 |
| Listing Date | Monday, July 5, 2021 |
| Face Value | ₹1 per share |
| Price | ₹290 to ₹296 per share |
| Lot Size | 50 Shares |
| Issue Size | [.] shares of ₹1 (aggregating up to ₹800.00 Cr) |
| Fresh Issue | [.] shares of ₹1 (aggregating up to ₹100.00 Cr) |
| Offer for Sale | [.] shares of ₹1 (aggregating up to ₹700.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Company Promoters | Anand Swarup Agarwal and the ASA Family Trust are the company promoters. |
India Pesticides IPO opens on Jun 23, 2021, and closes on Jun 25, 2021. The India Pesticides IPO bid date is from Jun 23, 2021 10.00 A.M. to Jun 25, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Jun 23, 2021 |
| Closing Date | Jun 25, 2021 |
| Basis of Allotment | Jun 30, 2021 |
| Initiation of Refunds | Jul 1, 2021 |
| Credit of Shares to Demat | Jul 2, 2021 |
| Listing Date | Jul 5, 2021 |
The India Pesticides IPO lot size is 50 shares. A retail-individual investor can apply for up to 13 lots (650 shares or ₹192,400).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹14,800 |
| Retail (Max) | 13 | 650 | ₹192,400 |
| Pre Issue Share Holding | 82.68% |
| Post Issue Share Holding | 72% |
The issue appears reasonably priced. We are witnessing fancy for speciality chemicals and agrichemicals counters. The company has posted constant growth despite pandemic periods that is remarkable. The issue worth considering for short to long term rewards. Read detail review...
The India Pesticides IPO is subscribed 29.04 times on Jun 25, 2021 5:00:00 PM. The public issue subscribed 11.30 times in the retail category, 42.95 times in the QIB category, and 51.88 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 42.95 |
| NII | 51.88 |
| Retail | 11.30 |
| Total | 29.04 |
| Listing Date | Monday, July 5, 2021 |
| BSE Script Code | 543311 |
| NSE Symbol | IPL |
| Listing In | B Group of Securities |
| ISIN | INE0D6701023 |
| IPO Price | ₹296 per share |
| Face Value | ₹1 per share |
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India Pesticides Limited
35-A, Civil Lines
Bareilly 243 001,
Phone: +91 05812567459
Email: investor@indiapesticideslimited.com
Website: https://www.indiapesticideslimited.com/
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: ipl.ipo@kfintech.com
Website: https://karisma.kfintech.com/
| Review By | Subscribe | Neutral | Avoid |
|---|---|---|---|
| Brokers | 15 | 0 | 1 |
| Members | 0 | 0 | 0 |
IPO Broker Recommendations
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 share. The minimum order quantity is 50 Shares.
The IPO opens on Jun 23, 2021, and closes on Jun 25, 2021.
KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in India Pesticides IPO using UPI as a payment gateway. Zerodha customers can apply in India Pesticides IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in India Pesticides IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
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 .
You can apply in India Pesticides IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of 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. Check the India Pesticides IPO allotment status.
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Revenue -1740.⬆️ Previous -1351
PAT- 420.22. ⬆️ -267.5
EPS 3.76. ⬆️ - 2.39
https://www.bseindia.com/xml-data/corpfiling/AttachLive/870e841e-0f0c-4ebb-8be0-13250231b5a8.pdf