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India Pesticides Limited IPO (India Pesticides IPO) Detail

Jun 23, 2021 - Jun 25, 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

  • Among the top 5 global players of Folpet, Thiocarbamate, and Herbicide Technicals.
  • Diversified product portfolio with specialized products.
  • Domestic as well as international market presence.
  • Consistent track record of financial performance.
  • Strong Research & Development (R&D) capabilities.

Company Promoters:

Anand Swarup Agarwal and the ASA Family Trust are the company promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
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

Objects of the Issue:

  • To fiannce the working capital requirements of the company.
  • To meet general corporate purposes.

India Pesticides IPO Details

IPO Opening Date Jun 23, 2021
IPO Closing Date Jun 25, 2021
Issue Type Book Built Issue IPO
Face Value ₹1 per equity share
IPO Price ₹290 to ₹296 per equity share
Market Lot 50 Shares
Min Order Quantity 50 Shares
Listing At BSE, NSE
Issue Size[.] Eq Shares of ₹1
(aggregating up to ₹800.00 Cr)
Fresh Issue[.] Eq Shares of ₹1
(aggregating up to ₹100.00 Cr)
Offer for Sale[.] Eq Shares of ₹1
(aggregating up to ₹700.00 Cr)

India Pesticides IPO Tentative Timetable

The India Pesticides IPO open date is Jun 23, 2021, and the close date is Jun 25, 2021. The issue may list on Jul 5, 2021.

IPO Open Date Jun 23, 2021
IPO Close Date Jun 25, 2021
Basis of Allotment Date Jun 30, 2021
Initiation of Refunds Jul 1, 2021
Credit of Shares to Demat Account Jul 2, 2021
IPO Listing Date Jul 5, 2021

India Pesticides IPO Lot Size

The India Pesticides IPO market 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 (Cut-off)
Minimum 1 50 ₹14,800
Maximum 13 650 ₹192,400

India Pesticides IPO Promoter Holding

Pre Issue Share Holding 82.68%
Post Issue Share Holding 72%

India Pesticides IPO Review

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...

India Pesticides IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
QIB42.95
NII51.88
Retail11.30
Total29.04

India Pesticides IPO Prospectus

India Pesticides IPO Rating

1912
4.1
Rating:Rated 4.1 stars
Vote Here ...

India Pesticides IPO Listing Date

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 equity share
Face Value ₹1 per equity share

Listing Day Trading Information

.
IPO 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

Company Contact Information

India Pesticides Limited
35-A, Civil Lines
Bareilly 243 001,

Phone: +91 05812567459
Email: investor@indiapesticideslimited.com
Website: https://www.indiapesticideslimited.com/

India Pesticides IPO Registrar

KFintech Private Limited

Phone: 04067162222, 04079611000
Email: ipl.ipo@kfintech.com
Website: https://karisma.kfintech.com/

India Pesticides IPO FAQs

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 equity share. The minimum order quantity is 50 Shares.

The IPO opens on Jun 23, 2021, and closes on Jun 25, 2021.

KFintech Private 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'India Pesticides IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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 50 Shares.

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, Edelweiss, 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.

The India Pesticides IPO listing date is on Monday, July 5, 2021.

India Pesticides IPO Message Board

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1193 Comments

520. Monster Zero |   Link |Jul 22, 2021 2:44:42 PM
IPO Guru IPO Guru (1200+ Posts, 500+ Likes)
IPL Q1 2022 result''s ( in millions)
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
520.1. Newrookie |   Link |Jul 22, 2021 11:58:12 PM
Top Contributor Top Contributor (200+ Posts)
Good Results. Can we hold it for longer?
520.2. Monster Zero |   Link |Jul 31, 2021 12:35:35 PM
IPO Guru IPO Guru (1200+ Posts, 500+ Likes)
Holding it for target of 400
519. Millionaire boy |   Link |Jul 26, 2021 8:25:02 PM
ICICI BANK ASBA UNBLOCKED................
518. SSonali |   Link |Jul 22, 2021 2:48:26 PM
Held it since listing day, finally sold at 360 today.
517. SanIPO |   Link |Jul 16, 2021 11:52:13 AM
I have 1 lot of IPL. Should I hold it?
517.3. SSonali |   Link |Jul 22, 2021 2:54:13 PM
Held this stock since listing day,missed 360+, finally sold it for 360 today. Holding half for long yerm.
517.4. sdz |   Link |Jul 22, 2021 5:02:47 PM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
@SSonali...yes it is better to keep some shares when in momentum. Whether it will rise more or not is different point
516. Monster Zero |   Link |Jul 7, 2021 12:57:45 PM
IPO Guru IPO Guru (1200+ Posts, 500+ Likes)
So now stock is clear of short term gainers, soon it''ll pickup pace...
516.5. sdz |   Link |Jul 13, 2021 7:59:08 PM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
@Grow

Jaise bol rahe ho ki 400 cross kardiya :)
Waise bhi 330 ke niche na jaana acha hi hai mereliye, still holding all 680shrs. Hope it crosses 350 resistance with full force this week or else 330 ke paas pressure bhadjayega
516.6. SanIPO |   Link |Jul 16, 2021 12:22:00 PM
Waiting for this to happen....
515. Monster Zero |   Link |Jul 13, 2021 11:37:20 AM
IPO Guru IPO Guru (1200+ Posts, 500+ Likes)
Dear SirlMadam,
Sub.: Intimation regarding Board Meeting
Pursuant to Regulation 29 and other applicable regulations of the Securities and Exchange Board of India . (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time, please note that the Meeting of the Board of Directors of India Pesticides Limited is scheduled to be held on Thursday, July 22, 2021 to, inter-alia, consider and approve the un-audited Standalone and Consolidated Financial Results of the Company for the quarter ended June 30, 2021. The information contained in this notice is also available on the Company''s corporate website at www.indiapesticideslimited.com. on the website of National Stock Exchange of India Limited (www.nseindia.com) and BSE Limited (www.bseindia.com). Further, pursuant to the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 as amended from time to time, the Trading Window has been closed from July 05, 2021 till the conclusion of 48 hours from the conclusion of the Board Meeting to be held on Thursday, July 22, 2021. Kindly take the above on record.
Thanking You,
For India Pesticides Limited
515.1. Newrookie |   Link |Jul 13, 2021 2:52:29 PM
Top Contributor Top Contributor (200+ Posts)
Hoping a spike in price.. Holding one lot.
514. Neelesh Chouhan |   Link |Jul 12, 2021 1:02:59 PM
Long term ke liye abhi buy karu ya nahi.
513. Deepakkumar |   Link |Jul 9, 2021 12:04:45 PM
Top Contributor Top Contributor (200+ Posts)
Right, Many will buy around issue price. So that will be bottom. I am planning to buy around 300 for long.
512. sagar dasa |   Link |Jul 7, 2021 2:04:12 AM
Hi All
I have exited all my holdings at listing price around 360.
Request people to exit at earliest.
512.1. Crow |   Link |Jul 7, 2021 2:19:30 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Okay, Sagar bhaiyya. Jaisa aap bolenge waise hi karenge...
511. A Big Gamble |   Link |Jul 7, 2021 1:02:56 AM
380 target will come next week. Jisko listing gain lena tha sab chale gaye taki do ipo mein paisa laga sakke. Company achi hai. aab shayad institutional player aa sakthe hai game mein.
510. sdz |   Link |Jul 5, 2021 11:07:08 AM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
368 peak for the day is done. Now going to create bottom somewhere near 340. I waited for 380 and missed selling :(
510.8. Noorul Khan |   Link |Jul 5, 2021 9:19:25 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
@ touching 360 again tomow. Its completely looking out of picture.. considering huge ipos in line up
510.9. sdz |   Link |Jul 5, 2021 9:26:44 PM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
@HML..thanks for the advice. I''ll keep my expectations lower tmw and don''t buyback even if it falls later :)
509. Sarthak Deshmukh |   Link |Jul 5, 2021 8:01:29 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Chemplast Sanmar got SEBI Approval for IPO
508. Noorul Khan |   Link |Jul 5, 2021 11:50:28 AM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Sold 363 @ 357.
508.2. Noorul Khan |   Link |Jul 5, 2021 6:09:44 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
@ sdz . I think u should exit somewhere around 350. Its seems stock wont go up any further as retailers need money for other ipos those are coming this week.. book the profit rather than profit in books.
508.3. sdz |   Link |Jul 5, 2021 7:56:57 PM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
@Noorul...sold 330@352 but seeing the decline at close bought back @342. So I''m unwantedly holding all 680shares for tomorrow and Hope it wont make new lows ;)
507. Newbiee |   Link |Jul 5, 2021 12:27:09 PM
Tatti share. no one interested . exited at 355.
will go irfc ways
507.4. HML |   Link |Jul 5, 2021 5:45:13 PM
IPO Guru IPO Guru (1300+ Posts, 3100+ Likes)

One & only one alone papon is interested
.
507.5. papon |   Link |Jul 5, 2021 6:47:08 PM
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
Dear hml, you may have guru tag in this platform but don''t carry ego with you. Its not only me who is bullish. Today 1.16 crores shares changed hands and marked as delivery. That is almost 60% of shares offered in the IPO, who is buying than? definitely not you or retailers as they need funds for upcoming blockbuster IPO''s. Means big fish are getting in. It may consolidated for some days means more accumulation than take off just like Laxmi Organic which listed not as per GMP but moved afterwards. I am holding my alloted shares in Laxmi Organic & bought more around Rs 140. I believed in the company in long run. See the price of laxmi organic today. So You may be correct in short term but in long term I believe this share will definitely perform
506. 🔥 IPO CALLING 🔥 |   Link |Jun 28, 2021 6:18:58 PM
IPO Mentor IPO Mentor (700+ Posts, 500+ Likes)
40 44
506.3. papon |   Link |Jul 5, 2021 5:15:36 PM
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
But see the growth trajectory, margin ratio,debt equity ratio, roce, roe of this company, its far better than IIL. So you shouldn''t compare this two companies, why not compare with sumitomo than, why did you calculate with the share which is not performing . I believe in this company, got 4 lots, sold 1 & holding 1 in my long term portfolio
506.4. papon |   Link |Jul 5, 2021 5:16:23 PM
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
Sorry sold 3 lots
505. Regulagedda Ambica Prasad |   Link |Jul 5, 2021 5:02:24 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
KIMS scenario will repeat here too. After HNIs and Retailors bringing down the price through heavy selling, it will begin upward journey probably from 11-07-2021 or even earlier. Smart are those who bought at today''s low levels and the allottees who are retaining. They will benefit in medium to long term. Patience pays. It is a good company with bright prospects.
504. Chalak lomdi |   Link |Jul 4, 2021 9:07:07 PM
IPO Mentor IPO Mentor (900+ Posts, 500+ Likes)
Ek secret baat he kisi ko Batana mat khas karke operate ko.... Free ka naffa he mota bhai...

Share ki listing last night Premium se uper ho to samaj lena wo pre open ka jo bhav niklega use nahi todega. Uper hi jayega... Fir pre open ka SL rakh deneka... 🙂 10 mese 9 IPO me yahi hota he..🙂

Baki Moj karo..
504.1. Captain Jack Sparrow |   Link |Jul 4, 2021 10:27:02 PM
Ha mota bhai....Jay shree krishna
504.2. Chalak lomdi |   Link |Jul 5, 2021 4:14:08 PM
IPO Mentor IPO Mentor (900+ Posts, 500+ Likes)
Haa / achha / thik hai....🙂😉
Premium se niche khula... To niche gaya... Ab me apni kitni tareef karu... Shabd kam pad gaye..🙂🙂😏😉
503. MAPatel |   Link |Jul 5, 2021 1:30:45 PM
Top Contributor Top Contributor (300+ Posts)
Is Union bank of India allows 5 ASBA IPO applications from a single Savings bank account ?
503.1. jstm |   Link |Jul 5, 2021 3:40:54 PM
IPO Guru IPO Guru (1300+ Posts, 3200+ Likes)

yes , almost all nationalized banks allows 5 applications from single saving account.
.
502. 🔥 IPO CALLING 🔥 |   Link |Jul 5, 2021 2:54:07 PM
IPO Mentor IPO Mentor (700+ Posts, 500+ Likes)
Admin

Pls open zometo page

S2 2000
502.1. jstm |   Link |Jul 5, 2021 3:08:41 PM
IPO Guru IPO Guru (1300+ Posts, 3200+ Likes)

Admin removed Glenmark page
501. Aniketiaf |   Link |Jun 25, 2021 10:12:36 PM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
Subscription figure is not up to the mark after completion of third/last day.
501.10. Pradip IPO |   Link |Jun 29, 2021 8:24:24 PM
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
Aniket Ji

Your views regarding to listing gains ?

Thank you.. :-)
501.11. AbhishekK |   Link |Jul 5, 2021 2:50:00 PM
Hello Ankit sir can you please suggest short term target for IPL