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India Pesticides IPO is a book built issue of Rs 800.00 crores. The issue is a combination of fresh issue of Rs 100.00 crores and offer for sale of Rs 700.00 crores.
India Pesticides IPO bidding started from June 23, 2021 and ended on June 25, 2021. The allotment for India Pesticides IPO was finalized on Wednesday, June 30, 2021. The shares got listed on BSE, NSE on July 5, 2021.
India Pesticides IPO price band is set at ₹290 to ₹296 per share. The minimum lot size for an application is 50 Shares. The minimum amount of investment required by retail investors is ₹14,800.
Axis Capital Limited and Jm Financial Limited are the book running lead managers of the India Pesticides IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to India Pesticides IPO RHP for detailed information.
IPO Date | June 23, 2021 to June 25, 2021 |
Listing Date | July 5, 2021 |
Face Value | ₹1 per share |
Price Band | ₹290 to ₹296 per share |
Lot Size | 50 Shares |
Total Issue Size | [.] shares (aggregating up to ₹800.00 Cr) |
Fresh Issue | [.] shares (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 |
Share holding pre issue | 111,785,130 |
Share holding post issue | 115,163,508 |
India Pesticides IPO offers 19,310,345 shares. 5,517,241 (28.57%) to QIB, 4,137,931 (21.43%) to NII, 9,655,173 (50.00%) to RII. 193,103 RIIs will receive minimum 50 shares and (sNII) and (bNII) will receive minimum 700 shares. (in case of oversubscription)
Investor Category | Shares Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 5,517,241 (28.57%) | NA |
NII (HNI) Shares Offered | 4,137,931 (21.43%) | |
Retail Shares Offered | 9,655,173 (50.00%) | 193,103 |
Total Shares Offered | 19,310,345 (100%) |
India Pesticides IPO opens on June 23, 2021, and closes on June 25, 2021.
IPO Open Date | Wednesday, June 23, 2021 |
IPO Close Date | Friday, June 25, 2021 |
Basis of Allotment | Wednesday, June 30, 2021 |
Initiation of Refunds | Thursday, July 1, 2021 |
Credit of Shares to Demat | Friday, July 2, 2021 |
Listing Date | Monday, July 5, 2021 |
Cut-off time for UPI mandate confirmation | 5 PM on June 25, 2021 |
Investors can bid for a minimum of 50 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 50 | ₹14,800 |
Retail (Max) | 13 | 650 | ₹192,400 |
Lot Size Calculator |
Anand Swarup Agarwal and the ASA Family Trust are the company promoters.
Share Holding Pre Issue | 82.68% |
Share Holding Post Issue | 72% |
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 (βΉ 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 |
[Dilip Davda] 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 June 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 | July 5, 2021 |
BSE Script Code | 543311 |
NSE Symbol | IPL |
ISIN | INE0D6701023 |
Final Issue Price | ₹296 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE |
---|
₹296.00 |
₹360.00 |
₹340.15 |
₹368.00 |
₹343.15 |
NSE |
---|
₹296.00 |
₹350.00 |
₹340.05 |
₹368.00 |
₹343.15 |
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://kosmic.kfintech.com/ipostatus/
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 June 23, 2021, and closes on June 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 June 23, 2021 and closes on June 25, 2021.
India Pesticides IPO lot size is 50 Shares, and the minimum amount required is ₹14,800.
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 Wednesday, June 30, 2021, and the allotted shares will be credited to your demat account by Friday, July 2, 2021. Check the India Pesticides IPO allotment status.
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