Bookbuilding IPO | ₹800 Cr | Listed at BSE, NSE | Wed, Jun 23, 2021 - Fri, Jun 25, 2021
India Pesticides IPO is a book build issue of ₹800.00 crores. The issue is a combination of fresh issue of 0.34 crore shares aggregating to ₹100.00 crores and offer for sale of 2.36 crore shares aggregating to ₹700.00 crores.
India Pesticides IPO bidding started from Jun 23, 2021 and ended on Jun 25, 2021. The allotment for India Pesticides IPO was finalized on Jun 30, 2021. The shares got listed on NSE and BSE on Jul 5, 2021.
India Pesticides IPO is set final issue price at ₹296 per share. The lot size for an application is 50 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,800 (50 shares) (based on upper price). The lot size investment for sNII is 14 lots (700 shares), amounting to ₹2,07,200, and for bNII, it is 68 lots (3,400 shares), amounting to ₹10,06,400.
Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to India Pesticides IPO RHP for detailed Information.
IPO Open
Wed, Jun 23, 2021
IPO Close
Fri, Jun 25, 2021
Issue Price
₹296 per share
Market Cap (Pre-IPO)
₹3,408.84 Cr
| IPO Date | 23 to 25 Jun, 2021 |
| Listed on | Mon, Jul 5, 2021 |
| Face Value | ₹1 per share |
| Price Band | ₹290 to ₹296 |
| Issue Price | ₹296 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,70,27,026 shares (agg. up to ₹800 Cr) |
| Fresh Issue | 33,78,378 shares (agg. up to ₹100 Cr) |
| Offer for Sale | 2,36,48,648 shares of ₹1 (agg. up to ₹700 Cr) |
| Share Holding Pre Issue | 11,17,85,130 shares |
| Share Holding Post Issue | 11,51,63,508 shares |
| BSE Script Code / NSE Symbol | 543311 / IPL |
| ISIN | INE0D6701023 |
India Pesticides IPO comprises a total issue size of 2,70,27,026 shares. Out of which, 1,35,13,512 (50.00%) are allocated to QIB, 40,54,054 (15.00%) allocated to NII 94,59,460 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 1,35,13,512 | 50.00% | NA |
| − Anchor Investor Shares Offered | 81,08,107 | 30.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 54,05,405 | 20.00% | NA |
| NII (HNI) Shares Offered | 40,54,054 | 15.00% | NA |
| Retail Shares Offered | 94,59,460 | 35.00% | 1,89,189 |
| Total Shares Offered | 2,70,27,026 | 100.00% |
Investors can bid for a minimum of 50 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹14,800 |
| Retail (Max) | 13 | 650 | ₹1,92,400 |
| S-HNI (Min) | 14 | 700 | ₹2,07,200 |
| S-HNI (Max) | 67 | 3,350 | ₹9,91,600 |
| B-HNI (Min) | 68 | 3,400 | ₹10,06,400 |
India Pesticides IPO raises ₹240.00 crore from anchor investors. India Pesticides IPO Anchor bid date is June 22, 2021.
| Bid Date | Tue, Jun 22, 2021 |
| Shares Offered | 81,08,107 |
| Anchor Portion (₹ Cr.) | 240.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Jul 30, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Sep 28, 2021 |
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
| Period Ended | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|
| Assets | 517.06 | 365.70 | 317.24 |
| Total Income | 655.38 | 489.73 | 346.04 |
| Profit After Tax | 134.51 | 70.80 | 43.92 |
| EBITDA | 189.49 | 103.66 | 70.63 |
| NET Worth | 389.48 | 256.84 | 187.02 |
| Reserves and Surplus | 378.32 | 253.66 | 183.84 |
| Total Borrowing | 30.30 | 28.04 | 61.06 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Heranba Industries Ltd. | Mainboard | ₹625.24 Cr | ₹627 | null | ₹627.00 | +0.00% | ₹184.48 (+0.98%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of our Company | 80.00 |
| 2 | General corporate purposes | 15.22 |
The India Pesticides IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 20.38 | 2,70,27,026 | 55,07,52,150 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs fees and commissions (including underwriting commission, brokerage and selling commission) | 18.00 |
| 2 | Selling commission/processing fee for SCSBs, Sponsor Bank and fee payable to the Sponsor Bank for Bids made by RIBs(1)(2)(3)and brokerage and selling commission and bidding charges for members of the Syndicate (including their sub-Syndicate Members), Registered Brokers, RTAs and CDPs | 5.88 |
| 3 | Fees payable to the Registrar to the Offer | 0.32 |
| 4 | Fees payable to the other advisors to the Offer | 0.85 |
| 5 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 3.64 |
| 6 | Printing and stationery | 2.50 |
| 7 | Advertising and marketing expenses | 3.21 |
| 8 | Fee payable to legal counsels | 3.51 |
| 9 | Miscellaneous | 0.32 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹296.00 | ₹296.00 |
| Open | ₹360.00 | ₹350.00 |
| Low | ₹340.15 | ₹340.05 |
| High | ₹368.00 | ₹368.00 |
| Last Trade | ₹343.15 | ₹343.15 |
Lead Manager Reports
India Pesticides IPO is a main-board IPO of 2,70,27,026 equity shares of the face value of ₹1 aggregating up to ₹800 Crores. The issue is priced at ₹296 per share. The minimum order quantity is 50.
The IPO opens on Wed, Jun 23, 2021, and closes on Fri, Jun 25, 2021.
Kfin Technologies Ltd. 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 Wed, Jun 23, 2021 and closes on Fri, Jun 25, 2021.
India Pesticides IPO lot size is 50, and the minimum amount required for application is ₹14,800.
You can apply in India Pesticides IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for India Pesticides IPO will be done on Wednesday, June 30, 2021, and the allotted shares will be credited to your demat account by Fri, Jul 2, 2021. Check the India Pesticides IPO allotment status.
The India Pesticides IPO listing date is on Mon, Jul 5, 2021.
